Alpha Modus Acquires 3,170 BTC Worth Over $250 Million Through Stock and Warrant Issuance

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Alpha Modus (NASDAQ: AMOD) revealed that its subsidiary, AMOD Tech, acquired 3,170 BTC through the issuance of approximately 51.6 million shares and warrants on September 30. As of October 20, the BTC price pushed the value of these holdings above $250 million. The transaction also included warrants for 51,621,560 shares at $4.36 each, exercisable solely in-kind. Full exercise of the warrants could generate $225 million. This move occurs amid a Fear & Greed Index reading near "Extreme Fear," signaling potential buying opportunities for investors.

According to ME News, on October 22 (UTC+8), Nasdaq-listed Alpha Modus (NASDAQ: AMOD) disclosed that its wholly owned subsidiary, AMOD Tech, acquired 3,170 bitcoins on September 30 by issuing approximately 51.6 million common shares and associated warrants. Based on the market price on October 20, the value of the bitcoins exceeds $250 million.
This transaction also includes warrants to purchase an additional 51,621,560 shares at an exercise price of $4.36 per share. These warrants cannot be exercised for cash, but if fully exercised for cash under the current terms, they could generate approximately $225 million in additional total proceeds for the company. (Source: Foresight News)

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