Timeline of reinforcements for BTC: 7/25: Mara Holdings $950mm convert closes 7/26-27: Saylor likely deploys some ATM proceeds from the week 7/28-29: Saylor STRC $500mm (more likely $1bn) hits 8/11: Nakamoto Holdings $763mm Late Aug/early Sep: Strive $750mm Any others?
plur daddy
plur daddy23.7. klo 23.01
We have been relatively pinned in this range but reinforcements will arrive by early next week. Saylor's STRC proceeds will be coming in. $500mm offering but likely will be meaningfully upsized. SBET is freed from share count constraint after 7/24 vote, after which they will start issuing more. This may be subject to T+2 settlement to receive proceeds, depends on whether they did forward agreements (and size).
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