CryptoWorld News reports that Treasury Capital ($BTCB) has announced the launch of Sweden’s first Bitcoin-backed preferred stock (BTC Pref), with an annual interest rate of 10%. The preferred stock is expected to begin trading on the Spotlight stock market on July 20, and the issuance is expected to raise $2.5 million to purchase more Bitcoin.

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MarketMakingForMoonlitDeepPool
· 5h ago
2.5 million dollars in fundraising, it feels more like a proof of concept; whether true institutional investors will enter depends on what happens next.
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ExitLiquidityStan
· 6h ago
A 10% annualized return is considered generous in preferred stocks, but buying coins with 2.5 million dollars? That scale is a bit tiny.
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Lemon-FlavoredStopLoss
· 7h ago
Preferred stock + Bitcoin—if this hybrid structure blows up, is it considered equity or in the crypto world?
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RetroRadio
· 7h ago
See you on July 20th at Spotlight, just marking it first to see how the liquidity is.
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FlamingoFacingJudgment
· 7h ago
Swedes really have a system when it comes to finance, using BTC as the underlying asset + traditional equity structure, bridging plays are top-notch.
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