IOT semiconductor and module developer, Sex Communications is exposure Plan to increase the capital of $ 384 million to fund your strategic bitcoin treasury. This step comes when more companies are betting on bitcoin (BTC) And using the world’s largest cryptocurrency as a reserved property.
According to the company, it plans to release and sell $ 195 million in equity and $ 189 million in convertible debentures, which can later be converted into shares. For attempting, the sequence is partnered with a BTC Treasury Management Provider Swan Bitcoin.
“Bitcoin Treasury Strategy reflects our strong belief in bitcoin as a major property in bitcoin and hypnotic as a long -term investment,” CEO of the stake, Georges Karam said in a statement.
Seven is part of the growing trend of companies connecting bitcoins to its treasure. On Saturday, Nakamoto Holdings Gather $ 51.5 million in latest capital To increase your bitcoin stockpile. On Monday, Metaplanet announced In addition to 1,111 BTC in your treasureBringing it for about 400 shy of Tesla.
https://www.youtube.com/watch?v=zad4fima- Oq
CEO of Adam Back, Blockstream and Early Cipherpank, wrote On X Bitcoin treasury makers have given rise to a new type of Alt-season. He said, “Time to dump ALT in BTC or BTC Treasury,” he said.
According to bitcointreasuries.net, around 240 companies place BTC on their balance sheet as Monday, which is About 100% from a few weeks agoTogether, those companies control about 4% of the total bitcoin supply.
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Risk of corporate BTC Treasury
Despite increasing interest, many major companies, With Amazon, Meta and MicrosoftThe option is opted not to add bitcoin to your treasure. Common concerns include high volatility of cryptocurrency and ongoing regulatory uncertainty. Corporate treasures are usually done to preserve capital, while allocating money to bitcoins can be exposed to the shareholders for significant market speculation.
Michael Sayler’s strategy is still the largest corporate holder of bitcoin. In this writing, the company has 592,345 bitcoins, which costs around $ 60.2 billion. The strategy in buying bitcoin has been aggressive, often releasing large amounts of convertible loans to secure cryptocurrency.
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