$BMNR $BTBT $BTCS $ETHM $ETHZ $FGNX $GAME $SBET
Daily DAT Update (Tues 9/30/25):
$BTBT closes $135mm convertible note offering at 4% coupon w/ $4.16/share conversion price (+30% yesterday’s close). Shares underperforming ETH by 5% which isn’t so bad given potential 10% dilution. Unlike the $ETHZ convert a few weeks ago, this one’s unsecured so slightly more issuer-friendly. Use of proceeds to buy ETH, I’m guessing.
Weak volumes to close out the quarter, with $2.0bn trading hands. Been a rough few months in DATland. Luckily Uptober is right around the corner.
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