Strategy sold 3.46 million shares to raise $333.7 million, using proceeds to pay preferred dividends, repurchase securities, and boost cash reserves. Despite the equity sale, the company did not buy or sell any Bitcoin, keeping its holdings steady at 840,447 BTC. This move highlights Strategy's focus on managing financial obligations and liquidity rather than expanding its Bitcoin position. Investors face dilution from share sales without an increase in Bitcoin assets, underscoring the importance of how Strategy finances its holdings.
Hurco, a machine tool manufacturer, is showing signs of recovery after a tough industry downturn, with shares up over 30%. Recent results reveal strong year-over-year order growth but some sequential declines and regional differences, especially in E...
Hyperliquid's native token HYPE reached a new all-time high of $88, up over 51% in the past month, driven by strong trading volume and a $379 million buyback program. A large unidentified holder recently accumulated 2.9 million HYPE tokens, boosting ...
Bitcoin fell more than 2% on Friday, dropping from $81,300 to a low of $78,600 after U.S. August jobs data showed a stronger-than-expected 162,000 payroll increase, raising expectations for a Federal Reserve rate hike. Despite the pullback, Bitcoin i...
BlackRock is reaffirmed as a buy with a new price target of $1,256, implying an 11% upside plus a 2.05% dividend yield. The firm's strategic expansion into private markets, technology, and AI infrastructure is boosting fee revenue and reducing sensit...
Ethereum's price fell from $2,546 to around $2,438 following stronger-than-expected US August jobs data, which raised Federal Reserve rate hike odds to 60%. A major holder liquidated 167,855 ETH worth about $408 million over five days, adding bearish...
