Strategy purchased 4,603 Bitcoin for about $370 million between August 24 and 30, raising its total Bitcoin holdings to 845,050 BTC. The average price for the new purchase was $80,318 per Bitcoin, with a cumulative average of $75,412. The acquisition was funded by selling 4.53 million MSTR shares, generating $602.8 million, of which $369.7 million was allocated to Bitcoin purchases. Strategy also repurchased preferred stock and maintained significant cash reserves to support future Bitcoin acquisitions and financial obligations. This move highlights the company's continued confidence in Bitcoin as a treasury asset.
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...
Alvopetro Energy has finished drilling the 183-H2 well at its Murucututu natural gas field in Brazil, reaching a depth of 3,176.5 metres. The well shows 44.4 metres of potential natural gas pay with good porosity and moderate water saturation. The co...
Royal Road Minerals Ltd announced a C$1 million fundraising through a non-brokered offering to support expanded drilling programs in Colombia. An existing institutional investor purchased five million shares at C$0.20 each, reflecting strong demand. ...
ServiceNow and Salesforce both reported strong AI-driven earnings, with ServiceNow showing 24% revenue growth and Salesforce 11%. ServiceNow focuses on workflow automation and autonomous agents, partnering with NVIDIA, while Salesforce leverages its ...
September is historically the weakest month for U.S. stocks, prompting investors to consider safer options like monthly dividend stocks. Five such stocks—Agree Realty, EPR Properties, LTC Properties, Main Street Capital, and Realty Income—have pulled...
