A crypto exchange plans to raise $1 billion through selling convertible bonds, following the path of MicroStrategy. The exchange will offer unsecured convertible senior notes through a private offering.
The conversion year is 2030. The company chose convertible bonds to avoid diluting existing shareholders' ownership interest. The trading firm remains cautiously optimistic about the long-term potential of ether, despite negative risk reversals.
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Source: NBCNews - 🏆 10. / 86 Read more »