
Index Update

5-D Volatility: Bitcoin mining stocks mirrored Bitcoin's price movements in a more volatile way. Here's how they performed compared to other major stocks 馃憞

Major Company Updates
- MARA Holdings agrees to repurchase ~$1 billion of its 2030 and 2031 convertible senior notes at a discount, funded by the sale of 15,133 Bitcoin (Source)
- Core Scientific expands strategic financing facility to $1 billion with additional $500 million commitment from J.P. Morgan (Source)
- Cipher Digital signs 15-year hyperscaler lease for its third data center campus, reinforcing its pivot to high-performance computing infrastructure (Source)
- LM Funding America reports Q4 revenue of $2.4M (+19.2% YoY) and growth in BTC holdings from 150 to 356.4 BTC over 2025 (Source)
- SATO Technologies closes $1.375M private placement, welcoming former Packet founders Zac Smith and Jacob Smith as strategic investors (Source)
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Thanks for being part of our journey - see you next week!
Cindy & the BMS Team 馃挏