Capital B Adds 376 BTC as Per-Share Bitcoin Stays Flat
The flat ratio isn't a Capital B quirk; it's the structural risk every share-issuing Bitcoin treasury company carries when financing terms can't outpace dilution.
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The flat ratio isn't a Capital B quirk; it's the structural risk every share-issuing Bitcoin treasury company carries when financing terms can't outpace dilution.
A June margin-call cascade on Strategy's STRC and Strive's SATA cut the leading preferred shares as much as 25% below par, yet both recovered, treasuries added BTC, and new issuers like Metaplanet…
Matt Cole argues the panic around Bitcoin treasury companies is misplaced, framing Strategy's selling as a founder-led rotation rather than a vote against the asset.
BitMine's $258M annualized staking revenue is more than eight times the $30M Ethereum core-dev funding gap a former Foundation contributor warned of, and ETH treasury firms are now the ones writing…