【ChainWen】A company focused on alternative asset allocation has announced a major financing plan. They intend to raise $150 million by issuing variable-rate Series A perpetual preferred shares. How will the funds be used? Mainly for debt reduction, purchasing Bitcoin and related products, and supporting business expansion.
It is noteworthy that this financing instrument has an annual interest rate set at 12.25%, with adjustable mechanisms and redemption clauses, making it quite flexible. Prior to this, the company was approved to acquire Semler Scientific, a transaction that will directly add over 5,000 BTC to its holdings.
After the transaction is completed, the company’s total Bitcoin holdings will reach 12,798 BTC, ranking it as the 11th largest corporate Bitcoin holder globally. This reflects the increasing number of institutional investors adjusting their asset allocation strategies, tilting towards Bitcoin and other crypto assets.
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FlashLoanKing
· 16h ago
Another institution is疯狂ly accumulating coins, this pace really can't stop.
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LightningHarvester
· 16h ago
Really? So aggressive, directly reaching the 11th position in corporate holdings... The institutions are all getting competitive now.
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WalletManager
· 17h ago
12,798 tokens? I need to verify the on-chain data; it feels a bit inflated...
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GasWaster
· 17h ago
Whoa, 12.25% annual interest? That's way too high for financing costs, directly eating into profits.
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AirdropSweaterFan
· 17h ago
Oh wow, another institution is aggressively accumulating BTC. The pace is really fast.
The 11th largest corporate BTC holder emerges: after raising $150 million, holdings surpass 12,000
【ChainWen】A company focused on alternative asset allocation has announced a major financing plan. They intend to raise $150 million by issuing variable-rate Series A perpetual preferred shares. How will the funds be used? Mainly for debt reduction, purchasing Bitcoin and related products, and supporting business expansion.
It is noteworthy that this financing instrument has an annual interest rate set at 12.25%, with adjustable mechanisms and redemption clauses, making it quite flexible. Prior to this, the company was approved to acquire Semler Scientific, a transaction that will directly add over 5,000 BTC to its holdings.
After the transaction is completed, the company’s total Bitcoin holdings will reach 12,798 BTC, ranking it as the 11th largest corporate Bitcoin holder globally. This reflects the increasing number of institutional investors adjusting their asset allocation strategies, tilting towards Bitcoin and other crypto assets.