How a Bitcoin Treasury company sold 600 BTC to cut debt but still ended up with $60 million due in December
Its June 30 snapshot showed $19.1 million cash and about 662 unencumbered BTC against the upcoming principal. The post How a Bitcoin Treasury company sold 600 BTC to cut debt but still ended up with $60 million due in December appeared first on CryptoSlate.
Coins in this story
Discussion
Related stories
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
The proposal remains pending, while ETHU's sponsor-reported -96.15% average annualized NAV figure through June 30 shows the stakes. The post Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96% appeared first on CryptoSlate.
Texas refuses to sell as its $10 million Bitcoin bet sinks to $6.6 million
The state reserve is separately tied to IBIT, while the filing names neither the owning portfolio nor a reliable dollar value. The post Texas refuses to sell as its $10 million Bitcoin bet sinks to $6.6 million appeared first on CryptoSlate.
Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target
ARK's scenario now requires 78.6% annual growth, with institutional allocation and digital gold supplying 92.8% of modeled value. The post Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target appeared first on CryptoSlate.