Mining Giant Critical Metal Corp Unveils Bitcoin Treasury Strategy
Highlights
- Nasdaq-listed Critical Metal Corps has unveiled its Bitcoin reserve strategy
- The company could invest up to $500 million in tranches via convertible senior notes
- A diverse range of companies and nation-states are now embracing BTC
American mining giant Critical Metal Corps has made a decisive showcased in its recently unveiled Bitcoin treasury strategy. The company said it plans to start allocating its excess reserve to BTC, a decision approved by its Board of Directors.
The Critical Metal Corps Bitcoin Strategy
According to the firm’s announcement, it may have access to a $500 million capital pool. This capital will come as part of the convertible note financing led by JBA Asset Management. The company said this funding is subject to the conditions contained in the transaction document.
Breaking down the $500 million capital pool, the mining firm said it will first allocate $100 million to buy Bitcoin. The company said this first tranche was offered with a 100% warrant coverage. Critical Metal Corps said it can access the remaining $400 million at buyers’ discretion with a 50% warrant coverage.
Per the funding conditions, the firm said the convertible notes are secured by the cash raised and the underlying BTC acquired. While it is yet to unveil a strategic Bitcoin purchase, it said such a move would hinge on its cash flow requirements.
Ultimately, Critical Metal Corps said it may modify some of the strategy’s conditions as it deems appropriate.
Diverse Companies Embracing BTC
Critical Metal Corps is the first in its business line to invest heavily in Bitcoin. According to its CEO, Tony Sage, this move aligns with President Donald Trump’s strategic Bitcoin reserve plans.
Companies in other industries are also adopting the premier cryptocurrency. Earlier today, Coingape reported that MicroStrategy acquired 11,000 BTC for $1.1 billion. MicroStrategy has increased its total Bitcoin stash to 461,000 units as a business intelligence and software firm.
Besides Critical Metal Corps and MicroStrategy, energy management firm KULR Technologies has a robust Bitcoin portfolio. Earlier this year, KLUR bought $21 million BTC, achieving a more than 93% yield in its portfolio.
Nation-State Adoption is Growing
The potential of BTC is spreading beyond private and public companies to nations and states. Like the United States’ plans for a strategic Bitcoin Reserve under President Trump, countries like Hong Kong, Switzerland, and Germany are also mulling these plans.
To join the trend, many American states have started introducing legislation to support BTC adoption. Per an earlier report, Massachusetts introduced a reserve bill, coming off as one of the latest states to do so.
The price of BTC is recording a rebound, following the massive price slump from the start of the week. When writing, the coin was changing hands for $106,607, up by a marginal 0.6% in 24 hours
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds
- Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
