Nasdaq-listed Alpha Modus said it acquired 3,170 Bitcoin in a stock-based transaction valued at more than $250 million, increasing the company’s BTC holdings. The company exchanged 51.6 million shares and related warrants for the Bitcoin. Alpha Modus said the deal expands its asset base, while also diluting existing shareholders. The announcement outlines both sides of the transaction clearly: a larger Bitcoin position for the company and a dilution impact for current equity holders. No additional terms were disclosed in the brief statement cited by ChainCatcher.
Nasdaq-listed Alpha Modus said it has acquired 3,170 Bitcoin through a share swap, in a transaction valued at more than $250 million. The deal increases the company’s Bitcoin holdings.
According to the announcement, Alpha Modus exchanged 51.6 million shares and related warrants for the BTC.
The company said the transaction expands its asset base, while also diluting existing shareholders.
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