Strategy sold 32 bitcoin between May 26 and May 31 for about $2.5 million at an average price of $77,135 per coin, above both its purchase price and the current market price near $72,000. This is the company's first disclosed bitcoin sale, with proceeds earmarked to fund distributions on its preferred stock. Strategy still holds 843,706 bitcoin at an average cost of $75,699 and recently raised $128.3 million through a stock program, increasing its cash reserves to $900 million. The move reflects Strategy's effort to balance bitcoin holdings, preferred stock yield, and capital management.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
