AI firm seeks to rebuild $827 million treasury after selling all Bitcoin

An AI firm is seeking to rebuild an $827 million treasury after selling all of its Bitcoin to pay off debt, according to CryptoSlate. The proposed preferred-stock raise would cover 1.51% of that target before accounting for AI allocations and an 18-month dividend reserve. The fundraising plan therefore represents only a small initial step toward the stated treasury objective. CryptoSlate did not provide further details in the supplied material about the firm, the size of its Bitcoin holdings before the sale, or the terms of the debt repayment. The report links the strategy to Bitcoin and several crypto assets, including Allora, Loaded Lions, Monad, Ontology, ORE, Propy, and RedStone.