Company That Used Bitcoin as Collateral Changes Course, Sells 267.3 BTC to Repay Debt
Key Highlights: PowerCompute said its Bitcoin sale was agreed during the September 24th loan-renewal period, not triggered by a margin call or forced liquidation. The transaction reduced the company’s secured debt from $19.4 million on June 30 to approximately $1.25 million. PowerCompute held approximately 62 Bitcoin as of September 25, valued at about $5.2 million ...