USBC Registers Over 90% of Shares for Potential Resale Amid Active Bitcoin Options Trading
USBC has registered 92.7% of its shares for potential resale, which could increase supply and put downward pressure on the stock price if a large number of shares are sold.
The company holds approximately $1,029.25 worth of Bitcoin, with about 478 BTC pledged as collateral for an $18 million loan to raise capital without selling its digital assets.
USBC is also actively using options trading on 34.1% of its total Bitcoin holdings, which can provide additional revenue streams but introduces complexity and risk in the volatile cryptocurrency market.