Bitcoin treasury company Hyperscale Data plans to issue preferred shares to raise $35.4 million
ChainCatcher news, Bitcoin treasury company Hyperscale Data has announced the launch of an ATM equity offering plan, aiming to raise $35.4 million through the issuance of Series D cumulative redeemable perpetual preferred shares. The net proceeds will be used to increase its holdings of Bitcoin, as well as to purchase precious metals including gold, silver, and/or copper. Additionally, the funds will be used for working capital and general corporate purposes, including repayment, refinancing, redemption, or repurchase of future debt or equity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
Yen breaches the 160 level again! Japanese finance minister vows to "join forces" with the US Treasury to address unilateral volatility
After the yen fell below the critical 160 level, the Japanese finance minister stated that Japan would closely cooperate with the US Treasury Department to address unilateral volatility, reigniting speculation of joint intervention.
Crypto prices
More
