Topic
Listed shells and repurposed operating companies that raise equity to accumulate a single digital asset, here Zcash.
Parataxis Ethereum dropped its takeover of Parataxis Korea and a 29.77 million-share issue, citing appraisal claims that could drain its cash. Parataxis Korea's holders keep a stock suspended since Aug. 21 instead of listed shares due in January.
Reality
Armada Acquisition Corp. II rose about 273% last week as roughly 80% of its $241.2 million trust looked set to be redeemed before the Evernorth merger. The redemptions leave perhaps 4.6 million public shares, few enough for modest orders to set the price until the combined company lists on Oct. 8.
Reality
Token Terminal data shows tokenized stocks deposited in DeFi protocols reached $262.4 million, nearly 18 times January's $14.66 million. About half of that total built up in September alone, which is too recent to show whether the deposits will stay.
Reality
Hyperliquid Strategies has drawn $646.6m at an average $8.70 a share to build a 29.3 million HYPE treasury, and the new ceiling is $2.5bn, but below $12.02 a share only 42.6 million further shares can go out without a holder vote.
Perspective Coverage
3 publishersReality
A $3.5 billion week came almost entirely from Ether being remarked to $2,440. The last 187,000 tokens cost more than the cash the company reports holding.
Reality
The fleet cost existing CYPH holders 43,290,042 new shares struck at $0.001. The seller was Winklevoss Treasury Investments, affiliated with the sponsor that seeded the company.
Perspective Coverage
3 publishersReality