Bitcoin scooped off the market?
This looks like they are clearing $650m in debt by offering shares at $397 a piece ($1k discount off the market price).
Unless they plan to issue more convertible notes, I don't see how any Bitcoin are being scooped up.
Brisket
npub1jmy…6xcq
2024-06-14 05:08:58
in reply to nevent1q…0xxc
Author Public Key
npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcqPublished at
2024-06-14 05:08:58Event JSON
{
"id": "0ee0feaf2777abd07163ab22ed06d43e6ce3d6193e4f6f2dec285fff228c3006",
"pubkey": "96c87765d900b169f5fdd8bc19bf97bd8c6d163ff416a89d45cbb7cac48c9433",
"created_at": 1718334538,
"kind": 1,
"tags": [
[
"e",
"80a59b1a9ee356f315c5335fe00372e39e5df23d1ed2d85ac02b82862be7a9cc",
"",
"root"
],
[
"p",
"609f26f32212f80b7314e578c18243b0df5aa6f0f3f8bea72b53fa2463a474db"
]
],
"content": "Bitcoin scooped off the market?\n\nThis looks like they are clearing $650m in debt by offering shares at $397 a piece ($1k discount off the market price).\n\nUnless they plan to issue more convertible notes, I don't see how any Bitcoin are being scooped up.",
"sig": "003b6d1f67758b0e6d5a8f54a2772c977b6c34e627a695a26343c7bbd7c8ff5f81bea573019fb66a12b8cefda9810125f21b04778d2a419b554259adf3f539dc"
}