Strive paid for last week's 469 bitcoin entirely with preferred stock. The coupon on its $1.04 billion of SATA is 13%, charged every business day, against a treasury of 25,000 coins. Warrants struck at $27 expire in mid-October.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 22%
- Investor
- Investor 71%
Reality
- Evidence72
- Adoption55
- Hype gap+12
- Incentives65
- Confidence70
Stack BTC has agreed to pay up to £12 million for Direct Bullion, a gold dealer that earned £2.15 million after tax last year, and the seller is the treasury firm's own chief strategy officer. Aquis classes the deal as related-party.
Reality
- Evidence55
- Adoption18
- Hype gap+38
- Incentives84
- Confidence58
Buyers in Japan, France, the UK and Dallas all added bitcoin in the same week; the Singapore name in the group sold its whole stack this year to repay $8.5m of debt, which is what a forced seller looks like.
Reality
- Evidence48
- Adoption63
- Hype gap+37
- Incentives72
- Confidence52
Nine days of purchases paid for by a security that disburses cash every business day is a demand read on the preferred rather than on bitcoin. The coins Strive bought last week at $79,431 are marked at $77,100.
Reality
- Evidence58
- Adoption61
- Hype gap+24
- Incentives72
- Confidence54
A $1.59 billion discretionary pool now sits beside a $5.10 billion escrow for dividends and interest. Both were filled with equity, which moves the solvency question off the coin price.
Perspective Coverage
4 publishers
- Builder
- Builder 5%
- Operator
- Operator 23%
- Investor
- Investor 72%
Reality
- Evidence82
- Adoption79
- Hype gap+16
- Incentives72
- Confidence76
The Tokyo-listed treasury firm is committing about $134.6 million in coins and cash for 95.7% of Super League. Shareholders and regulators in two countries still have to sign off.
Perspective Coverage
4 publishers
- Builder
- Builder 8%
- Operator
- Operator 25%
- Investor
- Investor 67%
Reality
- Evidence74
- Adoption26
- Hype gap+27
- Incentives68
- Confidence66