MicroStrategy, holding 843,706 Bitcoins, now has an unrealized loss of about $10.8 billion, with its Bitcoin portfolio value dropping to $53 billion from a $63.8 billion cost basis. This 17% decline in Bitcoin price has caused the company's stock to fall 77% from its all-time high. In late May 2026, MicroStrategy sold a small amount of Bitcoin for the first time in years, raising questions about the sustainability of its concentrated Bitcoin strategy amid a prolonged bear market. Founder Michael Saylor attributes Bitcoin's struggles partly to a $400 billion capital shift into AI infrastructure, signaling changing investor priorities.
Batmobile Racing, partnered with Fasoul and Lightec, secured a double victory in the Pro class at the Lamborghini Super Trofeo Asia held at Fuji Speedway. Drivers William Tregurtha and Jonathan Cecotto led the races with their Lamborghini Huracán Sup...
Pepeto, a new Ethereum-based cryptocurrency, is about to debut on Binance after raising $10.37 million in its presale, signaling strong investor interest. The project offers a fully built DeFi platform, addressing utility gaps that Cardano has strugg...
Edelson Lechtzin LLP is investigating whether Swatch Group raised prices on watches and jewelry due to tariffs imposed under the Trump administration and failed to refund customers after the U.S. Supreme Court invalidated those tariffs in February 20...
Milestone Pharmaceuticals announced it granted 288,000 stock options to six new employees as an inducement to join the company. The options have an exercise price of $1.32 per share, matching the closing price on July 1, 2026, and will vest over four...
Edelson Lechtzin LLP is investigating Hermès for allegedly raising prices on luxury goods due to tariffs imposed during 2025 and not refunding customers after the U.S. Supreme Court invalidated those tariffs in February 2026. The investigation focuse...
