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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The IREN plan is to issue $450 million of convertible senior notes for financing.
According to Gate News bot, TheBlock reports that the Nasdaq-listed Bitcoin mining company IREN (formerly Iris Energy) announced a new financing plan. The company is preparing to issue $450 million of convertible senior notes to qualified institutional investors, along with an additional $50 million issuance option.
IREN stated that part of the raised funds will be invested in capped call option trading and prepayment stock repurchase agreements, with a maximum repurchase amount of $100 million. This move aims to reduce equity dilution and stabilize the stock price. The remaining funds will be used to support the company's daily operations and working capital needs.
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