BBX: Strategy sells 1638 BTC to repurchase preferred stocks, BitMine's holdings approach 5.8 million ETH
BBX News: Yesterday, globally listed companies staged a milestone strategic evolution in the operation of their encrypted asset treasury. There is no blind one-way bullish trend. Capital is feeding back the preferred stock structure through spot cash realization, as well as extreme fundraising for PoS core interest bearing assets, to carry out the ultimate optimization of capital efficiency: ——Capital structure optimization: Strategy (NASDAQ: $MSTR) sold a rare 1638 BTC to cash out $104.7 million, accurately used for preferred stock dividends and STRC repurchases, with a remaining position of 842138 BTC. ——Interest bearing Treasury Expansion: Bitmine (NYSE: $BMNR) added 10399 ETH last week, bringing its total holdings to 5797813, locking in 4.8% of the entire network's supply. ——European fixed investment advances: French Capital B (Euronext: $ALCAP) and UK's The Smarter Web (LSE: $SWC) have added 1 BTC and 9 BTC respectively, sticking to long-term treasury fixed investment. The market presents a clear dual evolutionary trend of "top tier US stock treasuries using cryptocurrency liquidity to feed back preferred stocks and market value management" and "interest bearing treasuries ignoring volatility and accelerating the monopoly of Ethereum's underlying chips". Source: bbx.com