Market chatter cited by ChainCatcher says Broadcom (AVGO.O) is seeking to raise more than $60 billion in what was described as the latest artificial intelligence debt transaction. The brief report only mentions the company, the AI-related debt deal, and the funding target of more than $60 billion. No other terms, timeline, counterparties, or transaction structure were disclosed in the item. The note was published by ChainCatcher under its market analysis category.

Off-balance-sheet commitments tied to AI infrastructure at nine major U.S. technology companies have reached roughly $3 trillion, according to a Wall Street Journal report published on Aug. 18 and cited by Odaily. The companies named were Alphabet, Meta, Microsoft, Amazon, Oracle, Nvidia, Broadcom, SpaceX and AMD. The total was about five times their combined capital expenditures of $600 billion over the past year, about three times their outstanding lease and long-term borrowing balances, and roughly 50% higher than the prior estimate of about $1.8 trillion just two months earlier. The commitments were mainly made up of about $1.2 trillion in uncommenced leases and about $1.9 trillion in purchase obligations, both of which can stay off the balance sheet before rent starts or goods and services are delivered under current accounting rules. The report also pointed to a separate layer of risk in residual value guarantees, or RVGs. Citing a Bloomberg report from Aug. 15, the article said those structures had grown to about $70 billion. Rating firms including Moody’s and S&P Global Ratings, along with bond investors, have raised concerns over how quickly these contingent liabilities are building across the AI financing chain.

Bond investors are examining about $70 billion in potential off-balance-sheet guarantee obligations tied to major AI companies, according to Bloomberg. The concern centers on "residual value support" structures used in chip financing, where a sponsor may have to cover losses if leased or financed hardware cannot be remarketed at sufficient value after a customer stops paying. Nvidia, which unveiled a $500 billion financing partnership plan this week, could end up providing tens of billions of dollars in residual value support for related debt deals. CEO Jensen Huang said the company can, depending on the project, provide support for up to 25% of a transaction. CreditSights analysts said the arrangement resembles Nvidia effectively selling a put option: cheap during an AI boom, but much more important if the sector turns sharply lower, customers default, and hardware values fall. Rating firms have also begun treating some of these structures as debt-like contingent obligations. Bloomberg said Meta has already used similar financing structures in about $27 billion and $13 billion of data center debt financings, while Broadcom provided most of the residual value support for a $35 billion AI chip financing tied to Anthropic. Moody’s warned that a rapid increase in such transactions could reduce Broadcom’s financial flexibility and pressure its credit profile.

Strategy reported its first bitcoin sale since December 2022, unloading about $2.5 million in BTC. Even as the crypto treasury model faces pressure, a handful of firms including Bitmine, Bit Digital, Strive and Metaplanet are still adding to holdings.

A Bloomberg investigation says the final version of the GENIUS Act, the first U.S. federal framework for stablecoins, ended up containing several provisions that benefited Tether after months of behind-the-scenes negotiations around Donald Trump’s return to office. Citing interviews, lobbying disclosures and court filings, the report says Howard Lutnick and later White House aide Bo Hines played central roles in pushing for softer requirements on foreign issuers, narrowing issuer liability in decentralized finance, and preserving a three-year compliance transition period that Tether wanted. Bloomberg also traces a series of business moves over roughly 18 months: Cantor Fitzgerald’s $600 million convertible-debt deal tied to a 5% stake option in Tether, Tether’s $775 million investment in Rumble, Bo Hines’ move to Tether after the bill was signed, and a later Tether loan to a trust benefiting Lutnick’s children. Tether denied any improper lobbying and said the law does not give it special treatment. The Commerce Department said Lutnick complied with ethics commitments and did not work on the stablecoin provisions of the bill. The White House did not comment, and Hines did not respond.

Bullish, CoinDesk's parent, buys transfer agent Equiniti in a $4.2B stock-and-debt deal, combining traditional equity infrastructure with tokenization. Pro forma 2026 revenue hits ~$1.3B.

Galaxy Digital Inc. is seeking about $3.5 billion through its first high-yield bond sale to fund a data center project tied to CoreWeave Inc., according to Bloomberg, which cited people familiar with the matter. The proposed deal points to how financing tied to artificial intelligence infrastructure is reaching deeper into riskier parts of the U.S. credit market. The people said Galaxy Digital has been marketing the bond offering to investors at a yield of about 9%. Morgan Stanley and Goldman Sachs are serving as underwriters on the transaction, and pricing is expected on Thursday. Because the details have not been made public, the sources requested anonymity. The planned issuance would mark a notable step for Galaxy Digital in tapping the high-yield market as demand for AI-linked infrastructure funding continues to draw large pools of capital.

MicroStrategy completed a $603.75 million convertible senior note offering and used the proceeds plus excess cash to buy 9,245 BTC for about $623 million, lifting its total holdings to 214,246 BTC.