Public company revives $827 million Bitcoin treasury plan with STRC-style funding

A public company is restarting its plan to build an $827 million Bitcoin treasury after selling every cryptocurrency it previously held, according to CryptoSlate. The company’s existing order no longer restricts the plan, allowing it to pursue a new funding approach modeled on Strategy’s STRC playbook. Its proposed first capital raise, however, would represent only 1.51% of the $827 million target before allocation. The move places Bitcoin (BTC) at the center of the company’s renewed treasury strategy, although the disclosed initial financing is a small portion of the intended program. CryptoSlate reported the development without identifying additional details in the supplied material about the company’s timing, terms, or the final amount of Bitcoin it may acquire.