$BTC
🇪🇸 UPDATE: Athena Bitcoin Registers 473M Shares for Resale — Insider Exit Could Shake the OTC Market 🏦📉
Athena Bitcoin Global, a US-based Bitcoin ATM operator, has filed a request to register 473.9 million shares for resale by insiders, early investors, and former employees, according to an SEC S-1 filing dated June 24-25.
This move provides liquidity for debt holders to equity, but raises concerns about potential selling pressure, especially given Athena's OTC Pink market, which trades thinly (≈$10K daily volume).