
Why Bitcoin’s $2B corporate treasuries are a ticking time bomb of hidden conditional supply
PowerCompute and USBC show how collars, options and secured loans can turn passive holdings into contractual obligations.
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The shares are already issued and may never be sold, while loan, treasury and cash risks remain.

The filed ratio moves with cash and claims, while MSTR dilution and legal priority shape real losses.

How a trillion-dollar infrastructure machine launched a new Bitcoin token, and it only attracted 40 coins.

The BitGo NYDIG deal puts roughly $42.5 million upfront against NYDIG’s claimed 3+ GW power-and-compute footprint, with profitability unproven on both sides.

The Aug. 25 unwind was capitalized into principal, while a one-time Sept. 24 test determines whether the $75,000 ceiling applies.

OCEAN still represented 2.45% of trailing-day blocks after buying out its co-founder, while CONVOY disclosed no operational footprint.




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