Strategy, formerly MicroStrategy, has sold Bitcoin for four consecutive weeks, marking a shift from its long-standing accumulation strategy. The company reported an $8.2 billion paper loss due to Bitcoin's price decline and sold $218 million in Bitcoin to cover preferred stock dividends, breaking its previous commitment to hold Bitcoin permanently. These sales are driven by financial obligations from convertible notes and preferred stock dividends that the company's software revenue cannot cover. ETF inflows have absorbed these sales, preventing a price crash, but the shift raises questions about the sustainability of corporate Bitcoin treasury strategies and the impact on Bitcoin's market demand. Investors will watch future filings to see if Strategy resumes buying or continues selling, which will influence the stock's premium and market perception.
Alkermes plc's drug ALKS7290 demonstrated significant improvement in ADHD symptoms in a Phase 1b trial, with patients showing a 14- to 19-point gain on a 54-point scale within two weeks. This outperforms typical placebo effects, which range from 6 to...
Morgan Stanley upgraded NNN REIT from Neutral to Overweight due to its stable income and strong financial health. The REIT boasts a 99.1% occupancy rate and 97.5% fixed-rate debt, ensuring steady rental income and protection against interest rate hik...
World Liberty Financial has launched a governance vote proposing a new rewards program for WLFI token holders. To earn rewards, holders must lock their tokens for 180 days and actively vote on governance proposals at least once every 90 days, with de...
Bitcoin's price approached $86,000, its highest level in eight months, marking a 6% increase in 24 hours and over 30% since August 19. Despite this rise, US spot demand remains weak as indicated by the slightly negative Coinbase premium, suggesting l...
Kraken's parent company, Payward, announced plans to offer perpetual futures on the Hyperliquid blockchain via the regulated Bitnomial exchange in the U.S., driving the HYPE token price close to $100. However, this plan is still a proposal awaiting r...
