Eligible shareholders should now have received information from their bank or nominee regarding BTC AB’s voluntary redemption offer. Participation is voluntary; no action is required if you do not wish to participate.
https://t.co/D9GJPg0cHT
We have now set the redemption terms: 5 MSEK at 28% discount to NAV. Application period 18-24 September. @BitcoinTCAB@ChristofferDG
https://t.co/tsciiGzRc5
@bitcoinbosu Thanks! Looking forward to seeing what the interest is and providing liquidity to those who want out, while benefiting long term holders. Win-win 🙌
BTC AB intends to offer redemption of B shares for up to SEK 5 million at an indicative discount of 25 to 30 percent to net asset value
Full PR: https://t.co/FHA91Olq0A
@bitcoinbosu@BitcoinTCAB@ChristofferDG Hopefully we can get a similar flywheel going as we make our pref known among Swedish investors and the trading volumes grow. Raising new capital is of c an ongoing priority for the company. Appreciate your support!
Our BTC PREF is now the highest-yielding preferred share in Sweden. And the only company on this list that is totally debt-free 🏆 https://t.co/BQdIasbvnd
@BitcoinTCAB@ChristofferDG
@JukkaLepikko Mitä mieltä olet riskistä että ”earnings” on todellista kysyntää korkeampi näiden ristiin tehtyjen diilien takia, joissa Nvidia sijoittaa asiakkaisiinsa tms circular financing? Eli että mahdollinen kupla olisi E:ssä vaikka P näyttää kohtuulliselta?
@sunsaunabtc@asjwebley@SWC_Wiki The company borrowed Bitcoin, to be repaid with shares or by returning the same number of Bitcoin. They chose to return the Bitcoins.
Agreed, and I'd go as far as to say that the market is overpaying for all Bitcoin credit/pref risk when comparing with HY credit etc. Which is understandable as the BTC credit market is still in its infancy.
With STRC I think the mistake was the aggressive marketing of keeping the "peg" at 100, which they are paying for now.