MicroStrategy CEO Michael Saylor hinted at new Bitcoin purchases despite the company facing an unrealized $12 billion paper loss due to Bitcoin's price drop from its peak. The company currently holds about 843,706 BTC, worth $52 billion, down from a purchase cost of $63.87 billion. Strategy's corporate focus remains on increasing Bitcoin holdings per share, but funding for new buys is uncertain as their main debt instrument, STRC, has not brought in new Bitcoin recently. The market expects an announcement on new Bitcoin acquisitions soon, possibly as early as Monday.
Tesla has reduced its robotaxi fleet to about 20 vehicles despite expanding the Austin service area, raising safety concerns from former engineers. Meanwhile, SpaceX updated its IPO filing, indicating a lock-in period for Musk's shares and potential ...
Recent financial reports show strong earnings beats driven by surging demand for artificial intelligence (AI) technologies, with companies like ServiceTitan, Palo Alto Networks, and CrowdStrike exceeding revenue and earnings estimates. Policymakers i...
Bitcoin traded near $61,739 after dipping to $60,420, maintaining support above the key $60,000 level amid a cautious market following a sharp weekly decline from over $73,000. Michael Saylor's cryptic post about adding "more dots" sparked speculatio...
Argan reported strong quarterly results, surpassing revenue and earnings per share estimates, with expanding profit margins and a backlog 3.5 times larger than two years ago. The company benefits from rising US power infrastructure demand driven by A...
A retiree moved $180,000 into the iShares 20+ Year Treasury Bond ETF (TLT) expecting to lock in a 4.5% yield and benefit from falling long-term rates. Instead, the 20-year Treasury yield rose to 5%, causing TLT’s price to drop about 8.5%, resulting i...
