Fidelity says preferred stock has funded 135,979 Bitcoin in purchases
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4 Articles
Fidelity says preferred stock has funded 135,979 Bitcoin in purchases
Fidelity Digital Assets says perpetual preferred stock has financed purchases of 135,979 Bitcoin, making the funding model used by treasury companies another source of demand for the cryptocurrency. An Oct. 20 report by research analyst Zack Wainwright said the purchases…
Fidelity Reveals Preferred Stock Has Funded 135,979 Bitcoin Purchases, Adding Fuel to BTC Demand
TL;DR: The issuance of perpetual preferred stock funded the cumulative acquisition of 135,979 BTC through October 5. Placements executed between March and May raised over $7 billion to acquire more than 95,000 BTC. The total volume absorbed through this financial vehicle exceeds 0.5% of Bitcoin’s maximum programmed supply. Fidelity Digital Assets confirmed this Tuesday, October ...
Fidelity Digital Assets announced the purchase of 135,979 Bitcoin (BTC) funded by perpetual pre-emptive equity. The purchases exceed 0.5% of the maximum supply, and the binding condition of the model is dividend-paying equity...
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