Strive purchased 2,500 bitcoin for about $185.2 million at an average price of $74,092 per coin, increasing its total bitcoin holdings to 19,000 BTC. This buy came during a bitcoin price dip, following an earlier purchase at a higher price. Strive reported a quarter-to-date bitcoin yield of 23.0% and a year-to-date yield of 36.7%, while also boosting cash reserves to support an 18-month dividend reserve. Benchmark initiated coverage of Strive with a Buy rating and a $32 price target, suggesting significant upside potential despite a recent share price drop. This move contrasts with Strategy, the largest corporate bitcoin holder, which recently sold some bitcoin, contributing to a market selloff.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
