liquidity

Consensus Mining & Seigniorage Corp (CMSG) reported a Q2 2025 net income of $6.7M, a significant turnaround from Q2 2024’s $1.7M loss. Mining revenue reached $1.1M, boosted by Bitcoin, Litecoin and Dogecoin. CMSG’s crypto holdings totaled $36.9M. The company expanded mining capacity with Antminer L9 units, improving efficiency. CMSG maintains strong liquidity with $60.8M in cash. A shareholder call is scheduled for August 14, 2025. Book value per share increased to $43.59.

BlackRock’s closed-end funds, including BOE and BCX, saw heavy oversubscription in their tender offers, exceeding the 2.5% buyback cap due to heightened investor demand for liquidity amid shifting rate expectations. Shares will be repurchased at 98% of May 20 NAVs ($11.88 for BOE; $9.73 for BCX), with prorated allocations. Analysts interpret the surge as tactical positioning ahead of anticipated Fed actions. BlackRock emphasized transparency amid market volatility but cautioned about uncertainties impacting future operations, highlighting broader trends where liquidity preferences shape portfolio strategies.