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![btc_overflow Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1639524229501849600.png) Brian Brookshire (Bitcoin Overflow) [@btc_overflow](/creator/twitter/btc_overflow) on x 15K followers
Created: 2025-07-16 01:41:15 UTC

Interesting structure. BTC AB's "ATM-type" program reads like a hybrid private placement / MSW program.

A "group of investors" will be able to purchase shares at the greater of previous day's VWAP or close price with no lockup, presumably re-selling them and capturing the arb.


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945297645150273644/c:line.svg)

**Related Topics**
[ab](/topic/ab)
[arb](/topic/arb)
[stocks](/topic/stocks)
[hybrid](/topic/hybrid)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/btc_overflow/status/1945297645150273644)