Michael Saylor, executive chairman of Strategy, indicated in a podcast that the company might sell some of its Bitcoin holdings before the end of the year, marking a shift from his previous position of never selling. Strategy holds over 818,000 BTC worth about $65 billion and aims to maximize Bitcoin per share by 2033. Saylor explained that relying solely on equity, credit, or Bitcoin sales underperforms, so the company uses a mixed capital management approach. Any Bitcoin sales would be small relative to market liquidity and part of a long-term capital allocation strategy rather than a loss of conviction.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
