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The product-wide pause followed an $18.1 million BSOL outflow while seed and conversion capital complicate the cumulative total.
CoinGecko shows 208.33 million and Tokenomics.com 233.332 million, but accessible official terms confirm only the investor-and-contributor tranche.
Redemptions exceeded mints, yet circulation rose 19% as lower reserve yield sharpened attention on an undisclosed ARC Token contribution.
Bitcoin holdings rose 0.10%, while effective common shares increased 0.13% and trimmed gross per-share exposure by about 0.03%.
Principal alone would absorb 89.5% of headline gross proceeds, while the warrant structure can add 11.7 million shares.
The chipmaker ended June with 314 unrestricted coins after sales helped erase convertible debt and lift cash to $21 million.
ETHA’s reverse split carries none of the usual delisting pressure and could instead improve its price profile and trading costs.
Texas and federal grid reviews could reprice Bitcoin miners’ AI pipelines based on secured power, financing and construction progress.
Matt Hougan says passage would be bullish, but a decisive failure could release capital held back by months of regulatory uncertainty.
