30 million euro bond oversubscription and $1 million new purchase plan: Global crypto stocks shift to "debt-based fundraising" model

According to Mars Finance, data from BBX shows that yesterday, the global crypto assets deepened their evolution toward “credit instrumentization.” Listed companies demonstrated resilient strategies of leveraging debt to acquire digital sovereignty and retain output:
European bond premium: Samara Asset Group (Euronext: $SRAG) announced that its €30 million Bitcoin bonds were oversubscribed. By using large-scale non-dilutive debt instruments to acquire Bitcoin, Samara locked in low fiat interest rates and successfully “Bitcoinized” its balance sheet, avoiding equity dilution.
Hashpower retention discipline: Bitfarms (NASDAQ: $BITF) confirmed the commissioning of a new mine in Paraguay, with a retention rate of 85% yesterday. By optimizing its global energy portfolio, the company expanded reserves through passive accumulation at the production end without relying on external equity financing.
Nasdaq’s new sentinel: Thumzup Media (NASDAQ: $TZUP) board approved a $1 million Bitcoin holding plan yesterday. This marks Bitcoin as an official “standard tool” for small- and mid-cap tech companies on US stock exchanges to counteract fiat currency depreciation and reshape asset structures.
Hong Kong stock treasury model: Boyaa Interactive (0434.HK) confirmed at a preparatory board meeting yesterday that it will continue to strengthen its “Bitcoin-first” treasury asset allocation. As Asia’s leading listed company holding cryptocurrencies, its treasury net worth has become a core driver of its stock price. The company plans to disclose more details of its increased holdings in its upcoming annual results.
The market shows a clear dual evolution trend of “debt-driven accumulation” and “hashpower endogenous growth.”