Atari Group Proposes Warrants for Potential $5.32 Billion Bitcoin Purchase at Discount
The post Atari Group Proposes Warrants for Potential $5.32 Billion Bitcoin Purchase at Discount appeared on BitcoinEthereumNews.com.
Atari Group has proposed a significant Bitcoin fundraising initiative through Beat Holdings, aiming to leverage warrants with a 7.5% discounted exercise price to expand its crypto assets. This strategic move could enable the acquisition of up to 53,227 Bitcoins, potentially reshaping Beat Holdings’ position in the cryptocurrency market. According to Beat Holdings’ official statement, concerns remain regarding the discount rate on the warrants, prompting a thorough evaluation of alternative financing options. Atari Group’s proposed $5.32 billion Bitcoin acquisition via discounted warrants could significantly impact Beat Holdings and the broader crypto market dynamics. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Atari Group’s Bitcoin Warrants Proposal: A $5.32 Billion Crypto Expansion Plan Atari Group, holding a 33.3% stake in Japanese-listed Beat Holdings Ltd, has put forward a proposal to issue 5,400 floating exercise price warrants at a 7.5% discount to the prevailing market price. This initiative is designed to raise substantial capital for Bitcoin purchases, potentially allowing Atari to acquire up to 53,227 Bitcoins. The proposal reflects Atari’s strategic intent to deepen its exposure to Bitcoin, leveraging its significant shareholding in Beat Holdings to facilitate this expansion. The scale of this proposed acquisition is noteworthy, rivaling some of the largest corporate Bitcoin purchases in recent history. With Bitcoin priced at approximately $108,530 as of mid-June 2025, this move could inject over $5 billion into Bitcoin holdings, underscoring the growing institutional…
Filed under: News - @ June 17, 2025 12:21 am