Strategy sold 3.46 million MicroStrategy (MSTR) shares for about $333.7 million between August 10 and 16, using the proceeds to pay $52.4 million in preferred stock dividends, repurchase $132.2 million of preferred stock, and add $149.1 million to its US dollar reserve, now totaling $4.8 billion. The company made no bitcoin transactions, maintaining its holdings at 840,447 BTC worth approximately $53.4 billion at current prices, though these holdings reflect about $10 billion in unrealized losses compared to their purchase cost. Strategy is managing its cash and bitcoin assets under a new capital framework that limits reserves to dividends and interest payments, supports a $1 billion repurchase plan for digital credit securities, and allows up to $5 billion in bitcoin sales to fund financial obligations. This approach aims to stabilize the company's financial position amid market volatility and stock price declines.
Virtuals Protocol has introduced programmable agent wallets that enforce owner-set spending limits and kill switches at the signing layer, protecting funds from AI prompt injection attacks. These wallets operate independently of the AI's decision-mak...
Nvidia is strategically investing in the AI ecosystem by subsidizing major AI infrastructure projects, similar to how a nation-state might operate. This approach is aimed at expanding its future market and creating a strong competitive moat. Early si...
Comvita reported a net profit after tax (NPAT) of $7.7 million for the fiscal year ending June 30, 2026, marking a return to profitability. The company also significantly reduced its debt, normalized inventory levels, and restored positive cash flow....
Six months after the US and Israel launched combat operations in Iran, the conflict remains a stalemate with no clear resolution. The Trump administration has shifted from military action to economic pressure, including secondary sanctions, aiming to...
The U.S. SEC declared Evernorth Holdings' Form S-4 registration effective, allowing Armada Acquisition Corp. II shareholders to vote on the proposed merger on September 30, 2026. This merger would create a Nasdaq-listed company under the ticker XRPN,...
