BTCT is trading at $0.80 (8.1% up) in after-hours sessions, recovering slightly from a sharp 35% regular-session drop triggered by a $7 million private placement announcement.
- The deal is priced at $1.14 per unit with attached warrants, causing heavy dilution and driving significant intraday volatility.
- Investors are currently reassessing the company's funding needs in the context of its strategic AI pivot and long-term crypto-related business prospects.