Strategy Inc. revealed that bitcoin would need to fall 83% from current levels to reach the $13,136 price threshold where its STRC preferred stock's modeled bitcoin reserve value equals its debt and preferred claims. This BTC Rating is an internal, illustrative metric showing asset coverage, not a credit rating or market price prediction. The company holds 845,050 BTC and $6.71 billion in dollar assets, using bitcoin as a core reserve to back its expanding capital structure, including preferred stocks and debt. Strategy emphasizes this model supports its long-term goal to be the largest public company with bitcoin as a reserve base, while also addressing risks and ongoing MSCI index eligibility discussions.
Tesla introduced the Cybercab on September 4, 2026, just six weeks after announcing it would not pursue volume production of the vehicle this year. This launch signals Tesla's continued interest in the Cybercab despite scaling back mass production pl...
August jobs growth in the US beat expectations with a gain of 217,000, including upward revisions for June and July. This strong employment data reflects ongoing economic expansion with rising manufacturing, construction, and wage income outpacing in...
Dash surged 42.68% to $67.04, leading gains among cryptocurrencies due to renewed investor interest in privacy-focused coins, despite no specific event triggering the rise. Meanwhile, Cardano fell 5.49% amid market adjustments following recent upgrad...
Kahn Swick & Foti, a law firm led by former Louisiana Attorney General Charles C. Foti, Jr., has started an investigation into Freeport-McMoRan following a fatal mud rush incident at its Grasberg mine in Indonesia. The incident, which resulted in two...
Kahn Swick & Foti, LLC has launched an investigation into BellRing Brands following the company's lowered 2025 sales forecast and an ongoing securities class action lawsuit alleging nondisclosure of material information. The law firm is examining whe...
