The transaction would give Metaplanet access to US capital markets, where it plans to use preferred stock offerings to finance additional Bitcoin purchases.
This is the summary Cointelegraph publishes in its feed. The full article lives on their site.
The UK-based fintech will use the authorization to offer crypto services in additional international markets, though it has not disclosed specific countries or launch dates.
The Up/Down contracts pay winning shares 1 USDC and require full funding, with no leverage or liquidations.
A Bitcoin address dormant since 2013 moved 411.45 BTC worth about $33.4 million, according to Galaxy Research, and it’s among the wallets named in the “Noah Doe” lawsuit.
The Bitcoin treasury company added another 1,223 BTC after an earlier purchase pushed it past MARA Holdings, while continuing to expand its reserves through equity financing.
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