Nasdaq-listed stock plunges 29% after announcing plan to buy Bitcoin
Alpha Modus Holdings (AMOD), a Nasdaq-listed AI company, saw its shares drop 29% after announcing a plan to acquire 3,170 Bitcoin (valued at $200M) via a private placement, issuing 51.6M shares and warrants. The company aims to address a Nasdaq listing deficiency and strengthen shareholder equity. Bitcoin was trading around $79,324 at the time of writing.


