Strategy, the business intelligence firm that has built the largest corporate Bitcoin treasury, continued adjusting its capital structure last week through a combination of stock sales and preferred share repurchases.Strategy sold 5,429,160 shares of its Class A common stock (MSTR) through its at-the-market (ATM) offering program between July 20 and July 26, generating $544.5 million in net proceeds. The MSTR share price was up more than 2% in Monday’s premarket activity, according to Yahoo Finance. The STRC preferred shares were up 2.3% to $88.90 ahead of the Nasdaq open.The company also repurchased 288,930 shares of its STRC preferred stock for…

POSCO International, South Korea’s largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries.The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of LG Group, to issue, transfer and settle receivables on layer-1 blockchain Injective INJ$4.9568, the firms told CoinDesk in a press briefing.The pilot is using receivables generated by real trade between POSCO’s overseas operations and their counterparties rather than simulated transactions.Trade receivables represent money owed to a company…

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