How a PPE company’s highly publicized $32M Bitcoin strategy quietly expired without purchasing a single coin
The 45-day standby facility ended on its preset Oct. 9 date without settled shares, cash or a Bitcoin purchase.

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Shareholders approved liquidation and delisting, but the record time fixes participation, not payment or court approval.
The tracker refreshed a roughly $1.9 billion valuation even though filings still describe the stack as closing-dependent.
Behind Wall Street’s $67 billion Bitcoin experiment lies a math problem that triggers at $39,900.
Three hawkish dissents, rising oil and weak market liquidity put Bitcoin’s $62,000 support on watch ahead of the September Fed meeting.
ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test.
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
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