Strive Inc., led by Vivek Ramaswamy, aims to acquire 500 Bitcoin this week funded by sales of its Variable Rate Series A Perpetual Preferred Stock (SATA). The company has aggressively built a Bitcoin treasury of over 24,000 BTC in about a year, primarily through weekly purchases funded by nearly $1 billion in preferred stock issuance paying a 13% annual dividend. This strategy allows Strive to accumulate Bitcoin without the maturity risks of convertible debt, but it also means the company carries significant dividend obligations even if Bitcoin prices fall. Strive's approach highlights a growing trend of corporate Bitcoin accumulation using innovative financing methods.
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
J.P. Morgan has appointed Nelle Miller and William Sinclair as co-CEOs of its U.S. Private Bank, a major wealth management division with over $2.4 trillion in client assets. Miller and Sinclair bring extensive experience in wealth management and clie...
Clearpool announced plans to expand its institutional lending products to the XRP Ledger (XRPL) by replacing its current token, CPOOL, with a new token called CLEAR through a 1:1 migration. This move aims to recapitalize its treasury to fund incentiv...
Meteora's native token, MET, surged 18% following reward campaigns that incentivized staking and liquidity provision. The protocol generated $20.3 million in fees over 30 days, with strong user engagement shown by a rise of over 40,000 active address...
