BITMAX, which adopted the bitcoin TREASURE strategy, is showing weakness early in the session on the 15th.
As of 9:14 a.m. on this day, BITMAX is trading at 5,130 won, down 480 won (8.56%) compared to the previous trading day.
BITMAX is giving back the gains from the previous day’s stock price rise due to the increase in bitcoin prices. According to global virtual asset market tracking site CoinMarketCap, as of 8 a.m. that day, the bitcoin price was trading at $120,071, up 1.22% compared to 24 hours earlier.
BITMAX announced that it has decided to reduce the issuance amount of convertible bonds (CB) intended for the purchase of bitcoin on the previous day (14th). Initially, they planned to issue CB worth 50 billion won to purchase bitcoin, but the issuance amount was reduced to a level of 25 billion won. BITMAX had issued CB in large quantities to raise funds for the bitcoin purchase, but it seems aware of public opinion that the interest burden exceeds the bitcoin revenue.