Strategy, the largest corporate Bitcoin holder with 843,775 BTC, increased its cash reserves to $3.2 billion by adding $225 million. The company sold 3,588 BTC for $216 million to cover preferred stock dividends and rebuild liquidity, highlighting the balance between Bitcoin holdings and cash obligations. It raised $467 million through equity sales to strengthen its balance sheet without adding debt. This move shows the practical challenges of managing a Bitcoin-heavy portfolio while meeting regular cash payouts, with a breakeven Bitcoin price around $75,476 per coin.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
General Motors will report its second-quarter earnings before the market opens, with analysts expecting adjusted earnings per share of $3.20 and revenue of $47.01 billion. This would represent a 26% increase in earnings per share but a slight 0.2% de...
Bitcoin long-term holders have decreased their selling losses to about 6%, improving from a previous 27% loss, signaling less panic in the market. Despite this, Bitcoin has yet to show strong bullish momentum as rising oil prices and inflation concer...
Bombardier announced that its Global 8000 business jet has received an Environmental Product Declaration (EPD), joining other models like the Challenger 650 and Global 7500. This makes Bombardier the only business jet maker to publicly disclose the f...
Forward Industries, Inc. officially announced that it has no intention to make a takeover offer for Brera Holdings plc, complying with Rule 2.8 of the Irish Takeover Rules. This statement legally binds Forward and its associates to these terms for si...
