Gryphon Digital Mining, Inc. announced on January 31, 2025, that its Board of Directors has authorized the establishment of a strategic Bitcoin reserve program. This initiative is a new component of the company's comprehensive capital strategy.
The decision to create a Bitcoin reserve follows Gryphon's recent transformative agreements, including the restructuring of $18 million in Bitcoin debt. This restructuring involved converting $13 million to equity at $1.10 per share, reducing the debt to $5 million, and making Anchorage Digital its largest shareholder.
The strategic Bitcoin reserve is designed to further strengthen the company's balance sheet and enhance its financial flexibility. This move aligns with Gryphon's ongoing efforts to optimize its capital structure and support its ventures in Bitcoin mining and AI.
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