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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The IREN plan is to issue $450 million of convertible senior notes for financing.
According to Gate News bot, TheBlock reports that the Nasdaq-listed Bitcoin mining company IREN (formerly Iris Energy) announced a new financing plan. The company is preparing to issue $450 million of convertible senior notes to qualified institutional investors, along with an additional $50 million issuance option.
IREN stated that part of the raised funds will be invested in capped call option trading and prepayment stock repurchase agreements, with a maximum repurchase amount of $100 million. This move aims to reduce equity dilution and stabilize the stock price. The remaining funds will be used to support the company's daily operations and working capital needs.
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