Blackstone Treasury Holdings III LLC

Blackstone Treasury Holdings III LLC acquires 9,486,795 shares for $189,735,900.00 at $20.00 in private placement at BXDC

Blackstone Treasury Holdings III LLC, a 10% owner, completed 2 purchases totaling 9,486,795 shares for $189,735,900.00 at $20.00 on 2026-05-15, increasing its post-transaction holdings to 9,111,800 shares. This is a private placement transaction, not a discretionary open-market purchase. Within the same 14-day period, 2 other insiders also initiated purchases, establishing a cluster buy pattern. The large scale ($189.7M aggregate value) and institutional ownership structure are material to shareholders, though the non-discretionary nature of the transaction constrains interpretation of it as a conviction-based signal.