Bitcoin treasury company registers 93% of shares for resale and puts third of its crypto into options

USBC Registers 92.7% Of Shares For Potential Resale; Bitcoin Holdings And Options Strategy Disclosed

BitcoinWorld USBC Registers 92.7% of Shares for Potential Resale; Bitcoin Holdings and Options Strategy Disclosed USBC, a company known for its Bitcoin treasury strategy, has filed a registration statement covering approximately 359.82 million shares, representing about 92.7% of its total shares outstanding, for potential resale by existing shareholders. The shares have already been issued, and no actual sale has been determined as of the filing…

Bitcoin treasury company registers 93% of shares for resale and puts third of its crypto into options

USBC has registered a block of already-issued shares equal to almost its entire outstanding common stock for potential resale, creating a potential market overhang alongside a balance sheet that relies heavily on Bitcoin. The company’s August 27 amended preliminary prospectus covers up to 359,815,000 shares held by selling stockholders. That equals about 92.7% of the 388,144,429 common shares outstanding as of August 24. USBC would receive no pr…