Strategy Did Not Purchase New BTC Last Week
According to market reports, Strategy (formerly MicroStrategy) did not purchase any new Bitcoin during the week of July 21-27. This marks a quiet week compared to the company’s recent active investment policy.
MARA Holdings to Increase Bitcoin Purchases with $950 Million Bond Offering
MARA Holdings raised $950 million through a 0% convertible bond offering. The funds will be used for additional Bitcoin purchases, repayment of $50 million in existing bond debt, and general corporate purposes. This move strengthens the company’s Bitcoin-focused strategy.
Mill City Ventures Announces $450 Million Private Capital Increase for SUI Strategy
According to Businesswire, Mill City Ventures III, Ltd. (NASDAQ: MCVT) has announced that it has entered into an agreement to privately purchase $450 million worth of its publicly traded shares through a private placement.
The shares were issued at a price of $5.42 per share, with hedge fund Karatage serving as the lead investor and the Sui Foundation providing co-investment. The company stated that it will use 98% of the funds raised to purchase SUI, the native token of the Sui blockchain, and the remaining 2% for short-term credit activities. SUI will serve as the company’s primary financial reserve asset.
BTCS Inc. Increases ETH Holdings to 70,028
Nasdaq-listed blockchain firm BTCS Inc. purchased an additional 14,240 ETH, bringing its total holdings to 70,028 ETH. At a price of $3,850 per ETH, the total value of its holdings reached approximately $270 million. The company also completed the issuance of $10 million worth of convertible bonds. The conversion price of the bonds was set at $13 per share, representing a 198% premium over the closing price on July 18.
Tether Mints 1 billion USDT on the Tron Network
According to Whale Alert data, the Tether treasury minted 1 billion USDT on the Tron network at 4:13 PM on July 28. The total value of the transaction is approximately $1.0013 billion, indicating an increase in the stablecoin supply. Such large issuances are typically viewed as preparatory measures for exchange liquidity or over-the-counter (OTC) transactions.
