Strategy, led by Michael Saylor, purchased 4,603 bitcoins for $369.7 million at an average price of $80,318 each, increasing its total holdings to 845,050 BTC. This move reinforces Strategy as the largest publicly traded corporate holder of Bitcoin, representing about 4% of the total Bitcoin supply. Alongside the Bitcoin purchase, Strategy also repurchased $152 million of its preferred securities (STRC) and increased its USD cash reserves to $1.61 billion, achieving a net leverage of 0.0%. Investors are closely watching for further Bitcoin acquisitions and capital moves as the company enters September with strong cash reserves and no net debt.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
Upstart Holdings, Inc. reported a 50% year-over-year increase in loan originations in Q2, reaching 558,014 loans, fueled by its AI-powered platform and strong demand for personal loans. The company is also improving channel conversion rates and expan...
XRP price dropped about 7% over the past week to $1.36 after a strong August rally that saw it rise over 30%. This pullback comes despite record weekly inflows of $110.49 million into U.S. spot XRP ETFs, indicating mixed market sentiment. Technical i...
Bitmine Immersion Technologies increased its Ethereum holdings by 53,501 ETH, bringing its total to nearly 5.9 million ETH, or about 4.9% of the circulating supply. This move comes as Ethereum's price surged roughly 33% in August, reaching around $2,...
Connecticut has filed a lawsuit against Kalshi, aiming to halt its sports-event contracts. The state argues these contracts constitute unlicensed sports wagering, violating gambling and consumer protection laws. This legal move could impact Kalshi's ...
