The preferred shares will be convertible into common stock at a conversion price of $0.40 per share. If all the preferred stock is converted, about 57.8 million shares of common shares would be issued, adding about 46% to the current common float, according to the company. The new preferred stock BitcoincontinuesConvertibleDebtIssuanceMinerpreferredRestructuringShareStronghold Read More
Singapore-based Bybit bought almost a third of the 16 billion won of convertible debt T-Scientific issued at the end of last month. T-Scientific (057680) is listed on the South Korean stock exchange. Convertible debt is a fixed-income security that pays interest, but can be converted into equity under certain conditions.
Original 38MBithumbBybitConvertibleCryptoDebtExchangeShareholderSpendsTScientifics Read More
Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum, with maturity BusinessConvertibleDebtDigitalExpansionFundGalaxyMillionRaises Read More
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, will raise $500 million through a convertible senior notes offering, due in 2026.The notes will be unsecured and to be offered to institutional investors, according to a statement.The pricing as well as interest and conversion rates for the notes 500MConvertibleDigitalMarathonNotesRaise Read More
On a long-term basis, Coinbase stock remains bullish supported by an upward call for the cryptocurrency industry by several Wall Street analysts.Coinbase Global Inc (NASDAQ: COIN) stock closed Monday trading at $248.24, down 3.92% from the day’s opening price. Additionally, COIN stock dropped approximately 1.16% further during Tuesday’s pre-market to AnnouncesCoinCoinbaseConvertibleDebtDipsPlansSellStock Read More