Strategy sold 3,588 Bitcoin between June 29 and July 5, raising about $216 million to fund preferred stock distributions and increase its US dollar reserves. This sale is part of a broader Bitcoin monetization program approved by the board, allowing up to $1.25 billion in Bitcoin sales to support capital management. Despite these sales, the company still holds approximately 843,775 Bitcoin worth around $52 billion. Strategy also reported an $8.32 billion digital asset loss in Q2, mainly from unrealized losses, and appointed a new principal accounting officer following a retirement.
Ivanhoe Electric's Santa Cruz Copper Mining Project in Arizona has strong economic potential, according to a recent Preliminary Feasibility Study. The project requires $1.43 billion in initial capital and expects low operating costs of $1.47 per poun...
Westlake, a global chemical and building materials company, has a revised analyst price target indicating a 46.27% potential upside from its current stock price. Institutional investors like Bank of America and others are increasing their holdings, r...
PayPal's stock rose following its announcement of a new strategic partnership with Meta Platforms, integrating AI-powered shopping across its merchant network. Deutsche Bank increased its price target for PayPal to $55 from $50, signaling potential u...
Golden Spike Resources Corp. announced it will change its name to Gordon Mining Group Inc. and consolidate its shares on a 5-for-1 basis, reducing the total shares from about 60.6 million to approximately 12.1 million. The share consolidation and nam...
Immunovant's stock fell about 6% to a three-month low after its IMVT-1402 cutaneous lupus study missed the primary endpoint, leading the company to discontinue the lupus program. This setback caused a sharp decline in share price, prompting a securit...
