“The company also plans to sell shares to fund the repurchase of existing debt.”, — write: www.coindesk.com
The company, which also offers processing power for training AI models, is looking to issue $1 billion of convertible senior notes due 2032 and $1 billion due 2033 in a private placement to institutional buyers. Purchasers may take an additional $150 million of each series, the company said. It also plans to sell shares to fund the planned repurchase of some outstanding 2029 and 2030 convertible notes.
The company’s shares fell 5% to about $45 in Tuesday trading and are more than 40% below their November peak. The drop likely reflects delta hedging from banks involved in the deal, a short-term dynamic also seen when other miners issue convertibles.
Hashprice measures the expected daily value of one terahash per second of computing power. It reflects how much revenue a miner can expect from a specific amount of hashrate and rises with bitcoin’s price and fee volume, and falls as mining difficulty increases. It dropped to a five-year low last month.
Final terms of the debt sale including coupon and conversion premium will be set at pricing. The structure mirrors the company’s zero-coupon convertible issued in October, suggesting it is again targeting lower-cost financing relative to the 3.25% and 3.50% coupons on the notes it aims to retire. Capped call transactions are planned to limit dilution, according to the announcement.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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Solana exchange-traded funds debuted on Oct. 28 and performed flawlessly with inflows 21 consecutive days until the day before Thanksgiving.
- Solana ETFs experienced a significant outflow of $8.10 million on Friday, marking the first since their launch on Oct. 28.
- Despite a brief recovery with over $5 million in inflows, redemptions on Monday totaled $13.55 million.
- Solana ETFs have attracted over $600 million in net inflows since inception, contrasting with the billions withdrawn from bitcoin and Ethereum ETFs.
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