US$1.1 billion in debt repurchase and 4709 BTC covering strategy: global listed companies embark on "balance sheet overhaul"

According to BBX data, yesterday, global listed companies showed the characteristics of transitioning from "unilateral fundraising" to "asset securitization and liability structure optimization" in their crypto treasury operations. The core data are as follows: US$1.1 billion in debt repurchase: MARA Holdings (NASDAQ:$MARA) yesterday confirmed the completion of the cashing of 15,133 BTC items, raising approximately US$1.1 billion to repurchase discounted convertible senior notes. The move successfully reduced the company's debt by about 30% and captured a book premium of US$88 million through "debt repayment". 4,709 BTC Covered Calls: GameStop(NYSE:$GME) yesterday announced an agreement with Coinbase to pledge 4,709 BTC in its treasury as collateral to implement the Covered Call strategy. This marks that "retail concept stocks" have begun to use positions to generate passive returns. Guidelines for adding a US$5 million position: GeniusGroup(NYSE:$GNS) announced yesterday that it would purchase another US$5 million in Bitcoin. The company has established a "Bitcoin First" guideline and plans to continue to convert more than 90% of its cash reserves into BTC. Spot ETFs landed on the New York Stock Exchange: Morgan Stanley (NYSE:$MS) yesterday officially announced that its spot Bitcoin ETF has been approved to list on the New York Stock Exchange. As a Wall Street giant, this move marks the completion of the switch from a "channel operator" to an "asset manager" by top investment banks. Volatility cooling report: Schwab Financial (NYSE:$SCHW) released the "2026 Bitcoin Maturity" report yesterday, pointing out that BTC volatility has dropped to historical lows and is gradually meeting the "compliance threshold" for traditional pensions to enter the treasury allocation.