In June, Strategy Inc. and Strive Inc. collectively purchased 6,989 Bitcoin, funded by about $400 million raised through preferred equity instruments rather than issuing common stock or debt. Strategy acquired 3,625 BTC net, while Strive bought 3,364 BTC, with each company using preferred equity products (STRC for Strategy and SATA for Strive) offering yields of 11-13%. This approach allows them to accumulate Bitcoin without diluting shareholders, effectively borrowing at a potentially negative real cost if Bitcoin prices rise. Strategy now holds over 845,000 BTC, about 4% of total Bitcoin supply, and Strive nearly 20,000 BTC. Their combined purchases absorbed roughly 15 days of new Bitcoin supply, highlighting strong demand amid tightening supply after the 2024 halving event.
Guggenheim Investments declared distributions for multiple closed-end funds, including Advent Convertible Income Fund and Guggenheim Strategic Opportunities Fund, with payments scheduled for July 31, 2026. These distributions may include income, capi...
AI/R Avenue Code, a subsidiary of AI/R, has achieved Google's Gemini Enterprise competency, recognizing its expertise in deploying advanced AI solutions securely in enterprises. This certification highlights their strengths in security, workflow auto...
Bitget Wallet has partnered with Robinhood Crypto to integrate Robinhood Chain, an Ethereum Layer 2 network for tokenized real-world assets. This allows Bitget's 90 million users to trade over 90 stock tokens, including major companies like NVIDIA, G...
Compass Diversified Holdings announced quarterly cash distributions for its Series A, B, and C preferred shares for Q2 2026. The distributions range from $0.453125 to $0.4921875 per share, payable on July 30, 2026, to shareholders of record as of Jul...
Columbia Financial, Inc. announced that its stockholders and depositors approved its plan to convert from a mutual holding company to a fully public stock holding company and to acquire Northfield Bancorp, Inc. The company raised approximately $1.1 b...
