Read digital asset treasury news covering corporate Bitcoin strategies, token reserves, treasury management, and balance sheet adoption.
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.
The Aug. 25 unwind was capitalized into principal, while a one-time Sept. 24 test determines whether the $75,000 ceiling applies.
The firm can authorize up to 10 billion shares, but its pitch to investors rests on growing XRP faster than its diluted share count.
The planned 270 Bitcoin nearly offsets the placement, while full warrant exercise would cut the displayed ratio by about 24%.
The proposed preferred raise covers just 1.51% of the Bitcoin target before any allocation to AI investments and the 18-month dividend reserve.
Alpha Modus wants 3,170 BTC as it tries to cure a listing deficiency and repair negative equity.
A US government transfer of Alameda-linked Bitcoin puts Trump’s reserve rules and victim-restitution exceptions under fresh scrutiny.
Strategy, Twenty One Capital and Metaplanet still face a funding bind as common-equity discounts collide with debt, pledged coins and dilution.
