Strategy, formerly MicroStrategy, holds 840,447 BTC valued at about $66 billion, making it the largest corporate Bitcoin holder. The company faces $1.76 billion in yearly cash obligations mainly from preferred stock dividends, but its core software business generates only about $9.85 million in operating cash flow for the first half of 2026. To meet these obligations, Strategy depends on continuous access to capital markets, raising $40-$50 billion since 2020 through equity and preferred shares. This reliance creates a risk: if market access closes, the company could be forced to sell large Bitcoin holdings, potentially impacting the entire Bitcoin market due to its 4% share of total supply.
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Cohen & Steers announced that its assets under management (AUM) fell to $95.9 billion as of September 30, 2026, down $5.1 billion from $101.0 billion at the end of August 2026. The decline was primarily due to a $5.1 billion market depreciation and $...
Bitcoin surged back above $81,000 following U.S. President Donald Trump's statement ruling out military attacks on Iran before the November 3 midterm elections. Trump described ongoing talks with Iran as productive but maintained the U.S. blockade, k...
Enova International, a financial services company specializing in machine learning-driven lending, announced it will release its third quarter 2026 financial results after market close on October 22, 2026. The company will hold a conference call the ...
The 10-year US Treasury yield has rapidly climbed past 5% and could approach 6%, driven by rising real yields and market repricing of the economy's long-term neutral rate. Forward rates and a historically flat yield curve indicate further increases a...
