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Metaplanet Takes $100M Loan Backed by Bitcoin Holdings to Buy More BTC
Yahoo Finance· 2025-11-05 13:04
Core Insights - Metaplanet Inc. executed a $100 million loan secured by its Bitcoin holdings, with 30,823 BTC valued at $3.13 billion serving as collateral [1][3] - The loan is part of a $500 million credit facility established in late October, featuring daily automatic renewal and no fixed maturity date [2] - The company aims to use the funds for expanding its Bitcoin income generation business, additional Bitcoin acquisitions, and potential share repurchases [6] Financial Performance - The options strategy generated 24.4 billion yen ($160 million) in Q3 2025 revenue, a 3.5x increase from 6.9 billion yen in Q3 2024, indicating strong growth [3] - The borrowing represents approximately 3% of the company's total Bitcoin holdings by value, maintaining "sufficient collateral coverage" against the loan amount [3][4] Strategic Context - The loan and related activities follow a decline in the company's modified net asset value (mNAV) below 1.0x in mid-October, with shares dropping 70% from their June peak [5] - Metaplanet's Bitcoin Treasury Strategy targets 210,000 BTC by December 2027, reflecting a commitment to increasing Bitcoin holdings [5]
Strive Announces Proposed Initial Public Offering of SATA Stock
Globenewswire· 2025-11-03 13:34
Core Viewpoint - Strive, Inc. plans to conduct an initial public offering of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) to raise capital for various corporate purposes, including acquisitions and working capital [1][2]. Group 1: Offering Details - The offering will consist of 1,250,000 shares of SATA Stock, which will accumulate cumulative dividends at a variable rate, starting with an initial monthly regular dividend rate of 12.00% per annum [1][3]. - Strive intends to establish a dividend reserve equal to the first 12 months of dividend payments, amounting to $12.00 per share of SATA Stock [4]. - The company has the right to redeem the SATA Stock at a cash redemption price of $110 per share after it is listed on a major exchange [5][6]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including the acquisition of bitcoin, income-generating assets, share repurchases, and debt repayment [2]. - Strive may also use the proceeds to fund acquisitions that complement its current business [2]. Group 3: Company Background - Strive is the first publicly traded asset management Bitcoin treasury company, holding approximately 5,957.9 bitcoins as of October 27, 2025, and managing over $2 billion in assets since launching its first ETF in August 2022 [11].
ZOOZ Strategy Announces a $50 Million Share Repurchase Program, Subject to Meeting Regulatory Requirements
Globenewswire· 2025-11-03 13:30
Core Viewpoint - ZOOZ Strategy Ltd. has announced a share repurchase program to buy back up to $50 million of its outstanding ordinary shares over a 12-month period, aiming to enhance shareholder value while pursuing its Bitcoin treasury strategy [1][2][3]. Group 1: Share Repurchase Program - The Board of Directors has approved a share repurchase program for up to $50 million, which will be executed in compliance with regulatory requirements [1]. - The program allows for flexibility in repurchasing shares through various methods, including open market purchases and negotiated transactions [1]. - The company is not obligated to repurchase a specific number of shares and can suspend or discontinue the program at its discretion [2]. Group 2: Bitcoin Strategy - ZOOZ aims to acquire the largest Bitcoin position in the Middle East, indicating that repurchasing shares may sometimes yield better returns than other investments [3]. - As of October 30, 2025, the company holds 1,036 Bitcoin valued at approximately $116.82 million [3]. - ZOOZ is positioned as a pioneer in holding Bitcoin as a strategic asset, providing shareholders with long-term exposure to Bitcoin while adhering to financial and regulatory standards [4].
X @Arkham
Arkham· 2025-10-28 18:26
RT Emmett Gallic (@emmettgallic)Update: They sent the 970 $BTC ($110M) to Coinbase Prime.This is Sequan's first sale since they acquired the Bitcoin Treasury Strategy https://t.co/IkzNBAHUef ...
Prenetics Announces Closing of Approx. $44.0 Million Equity Offering to Fuel IM8's Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-28 18:20
Core Viewpoint - Prenetics Global Limited has successfully closed a public offering, raising approximately $44 million to support its global expansion and Bitcoin accumulation strategy [3]. Group 1: Offering Details - The offering included 2,722,642 Class A ordinary shares and associated warrants, with a combined offering price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing premiums of 50% and 100% respectively [2]. - The gross proceeds from the offering were approximately $44 million, down from a previously announced $48 million [3]. Group 2: Use of Proceeds - The proceeds will be utilized for the global expansion of IM8, Prenetics' flagship consumer brand, and for the strategic accumulation of Bitcoin as part of its health and wealth strategy [3][7]. - Prenetics has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is a leading health sciences company co-founded with David Beckham, known for its rapid growth in the supplement industry, achieving $100 million in annual recurring revenue within 11 months of launch [7]. - The company is recognized for pioneering at the intersection of health innovation and digital assets [8].
Prenetics Announces Closing of Approx. $44.0 Million Equity Offering to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-28 18:20
Core Viewpoint - Prenetics Global Limited has successfully closed a public offering, raising approximately $44 million to support its global expansion and Bitcoin accumulation strategy [3]. Group 1: Offering Details - The offering included 2,722,642 Class A ordinary shares and associated warrants at a combined price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing a 50% and 100% premium to the offering price respectively [2]. - The gross proceeds from the offering were approximately $44 million, which is lower than the previously announced $48 million [3]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for the global expansion of IM8, Prenetics' flagship consumer brand, and for the strategic accumulation of Bitcoin as part of its health and wealth strategy [3][7]. - Prenetics has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is recognized as a leading health sciences company, co-founded with David Beckham, and has achieved $100 million in annual recurring revenue within 11 months of launching its IM8 brand, marking the fastest growth in the supplements industry [7].
Prenetics Announces Oversubscribed Approximately $48 Million Equity Offering with Potential for $216 Million in Total Proceeds to Fuel IM8's Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 14:12
Core Insights - Prenetics Global Limited has successfully priced a public offering of approximately $48 million, which includes Class A and Class B warrants, with potential total proceeds of up to $216 million if all warrants are exercised [1][2][12] - The company’s flagship brand, IM8, has achieved $100 million in annual recurring revenue within just 11 months of launch, marking the fastest growth in the supplements industry [4][20] - Prenetics aims to reach $1 billion in annual revenue and $1 billion in Bitcoin holdings within the next five years, supported by a strategic focus on its IM8 brand and Bitcoin treasury initiatives [6][7][15] Financial Overview - The public offering consists of 2,992,596 Class A ordinary shares and warrants, priced at $16.08 per share, with gross proceeds expected to be around $48 million before fees [1][2] - IM8 is projected to generate over $8.6 million in monthly revenue for October 2025, leading to an annual run rate of approximately $103 million [14] - Prenetics will hold approximately $100 million in cash and 275 BTC valued at $31 million as of October 27, 2025, totaling $131 million in liquidity [15][21] Strategic Partnerships - The offering has attracted a distinguished group of investors, including Kraken, American Ventures, and Jihan Wu's GPTX, enhancing Prenetics' strategic value in the cryptocurrency and health sectors [3][5] - Notable investors like Aryna Sabalenka and Adrian Cheng are expected to amplify IM8's global reach and cultural influence [7][20] Market Positioning - Prenetics is positioned at the intersection of health innovation and digital assets, being the first consumer health company to establish a Bitcoin treasury [21] - The company is targeting the $704 billion global supplements market expected by 2030, leveraging its rapid growth and strategic partnerships [4][20]
Prenetics Announces Oversubscribed Approximately $48 Million Equity Offering with Potential for $216 Million in Total Proceeds to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 14:12
Core Insights - Prenetics Global Limited has successfully priced a public offering of approximately $48 million, involving 2,992,596 Class A ordinary shares and warrants [1][2] - The company aims to leverage its rapid growth in the health supplement sector, particularly through its brand IM8, which achieved $100 million in annual recurring revenue within 11 months of launch [5][21] - Prenetics is strategically focusing on its IM8 brand while considering divestment of other business units to maximize shareholder value [7] Financial Overview - The offering includes a double warrant structure, with Class A and Class B warrants exercisable at premiums of 50% and 100% respectively, potentially raising total proceeds to approximately $216 million if fully exercised [2] - IM8 is projected to generate revenues between $160 million and $200 million in 2026, with a current monthly revenue run rate of over $8.6 million [15][13] - Following the offering, Prenetics will hold approximately $100 million in cash and 275 BTC valued at $31 million, totaling $131 million in liquidity [16] Strategic Partnerships - The offering was supported by notable investors including Kraken, American Ventures, and Jihan Wu's GPTX, enhancing Prenetics' strategic positioning in the cryptocurrency and health sectors [3][6] - Aryna Sabalenka, a world-renowned tennis champion, has increased her stake in Prenetics, further aligning her brand with the company's mission [4][8] Market Positioning - IM8 is recognized as the fastest-growing supplement brand globally, with significant traction across multiple markets, targeting a share of the $704 billion global supplements market expected by 2030 [5][21] - The company is pioneering a Bitcoin treasury strategy, purchasing 1 BTC daily, which positions it at the intersection of health innovation and digital assets [22]
Prenetics Announces $48.0 Million Equity Offering to Fuel IM8’s Global Expansion and Bitcoin Treasury Strategy
Globenewswire· 2025-10-27 13:52
Core Viewpoint - Prenetics Global Limited has successfully priced a public offering to raise approximately $48 million, which will be used for global expansion and strategic Bitcoin accumulation as part of its health and wealth strategy [1][3]. Group 1: Offering Details - The offering includes 2,992,596 Class A ordinary shares and associated warrants at a combined price of $16.08 per share [1]. - Class A Common Warrants have an exercise price of $24.12 per share, while Class B Common Warrants are priced at $32.16 per share, representing premiums of 50% and 100% respectively [2]. - The offering is expected to close on October 28, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to the global expansion of IM8, Prenetics' flagship consumer brand, which has achieved rapid growth [3]. - The company is also focusing on accumulating Bitcoin, having established a Bitcoin Treasury and purchasing 1 Bitcoin per day, totaling 275 BTC as of October 27, 2025 [8]. Group 3: Company Background - Prenetics is recognized as a leading health sciences company, co-founded with David Beckham, and has rapidly grown its IM8 brand to reach $100 million in annual recurring revenue within 11 months of launch [7]. - The company is pioneering the intersection of health innovation and digital assets, positioning itself uniquely in the market [8].
Asian Stock Exchanges Slam Door on Bitcoin Treasury Companies
Yahoo Finance· 2025-10-22 11:24
Major Asian stock exchanges are rejecting firms pivoting into digital-asset treasuries, a clampdown experts say is needed to prevent markets from being exposed to “severe volatility risks.” Hong Kong Exchanges & Clearing has rejected the applications of five firms seeking to adopt Bitcoin treasury strategies in recent months, according to people familiar with the plans, Bloomberg reported. India's Bombay Stock Exchange last month denied India's first publicly listed company attempting to adopt the Bitcoi ...