Strategy Inc.'s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) has fallen sharply below its $100 par value, pushing yields above 11% amid Bitcoin price stagnation and selloffs. The preferred stock, designed to offer stable dividends backed by the company's large Bitcoin holdings, is under stress as the firm sold Bitcoin to cover payouts, surprising investors. This decline adds pressure on both the company's capital structure and broader digital asset sentiment, highlighting risks in Bitcoin-backed financial products. Market watchers await Strategy's next moves to stabilize the preferred stock and Bitcoin's price recovery.
Axelar announced that a recent security incident did not impact its own network or the Inter-Blockchain Communication (IBC) protocol. The issue was traced to a bug in a third-party token contract's minting process, isolating the problem from Axelar's...
John Jumper, a Nobel Prize-winning scientist known for leading DeepMind's AlphaFold team, announced his departure from DeepMind after nearly nine years to join Anthropic, a competing AI company. Jumper's work on AlphaFold, which predicts protein stru...
Bitdeer Technologies, a NASDAQ-listed Bitcoin mining firm, sold all 3,231 BTC it owned since February 2026, totaling over $205 million. The company is using the proceeds to shift from pure Bitcoin mining to building AI and high-performance computing ...
SpaceX's stock surged 67% above its IPO price shortly after debut but has since cooled to a 33% gain. The initial excitement is fading, yet the company is expected to be added to stock indexes soon. This inclusion could attract a new wave of investor...
AbbVie is close to acquiring Apogee Therapeutics for $10.9 billion in cash. Apogee is developing a long-acting drug for atopic dermatitis that blocks the IL-13 protein causing eczema. The drug is expected to enter Phase 3 trials later this year, pote...
