The company has 51020.3 months of cash left based on the quarterly cash burn of $34.40 k and estimated current cash of $584.98 M

The recent financing activities involve two main components: Convertible Notes and Equity PIPE investments. Convertible Notes: Investors, including Cantor EP Holdings and Cantor Fitzgerald & Co., are purchasing convertible notes totaling $385 million. These notes can be converted into shares later. Additionally, there's an option for investors to buy up to $100 million more in notes within 30 days. Equity PIPE: Other investors are buying $200 million worth of Class A ordinary shares, which can be paid for in cash or Bitcoin. The proceeds from these investments will be used by Pubco primarily to purchase Bitcoin. The remaining funds will cover transaction expenses, working capital, and general corporate purposes. Tether will handle the Bitcoin purchases for Pubco. -- Filed at 2025-04-23