Texas is transitioning its $10 million Strategic Bitcoin Reserve from BlackRock's iShares Bitcoin Trust ETF to direct on-chain Bitcoin ownership by hiring a custodian to manage the coins. This shift, initiated through a Request for Proposal with a June 15 deadline, aims to give Texas full control of its Bitcoin holdings, eliminating reliance on BlackRock as an intermediary. The reserve will be managed under the Texas Treasury Safekeeping Trust Company, with oversight from a newly formed five-member advisory committee. This move sets a precedent as Texas becomes the first US state to allocate public funds specifically for direct Bitcoin ownership, potentially influencing other states and the institutional custody market.
Dell Technologies revealed that many of its largest customers are signing multi-year contracts for AI servers without guaranteed prices, prioritizing access over cost amid high demand and supply shortages. The company faces challenges in predicting c...
Lowe's Companies, Inc. announced a quarterly cash dividend increase to $1.25 per share, up 4% from the previous $1.20. The dividend will be paid on August 5, 2026, to shareholders of record as of July 22, 2026. This marks over 25 consecutive years of...
Future Fuels Inc. has completed its acquisition of Hatchet Uranium Corp. through a three-cornered amalgamation, creating a new subsidiary named Future Fuels Athabasca Inc. This acquisition adds a large uranium exploration portfolio of nearly 97,674 h...
Range Resources Corporation announced a quarterly cash dividend of $0.10 per common share for the second quarter. The dividend will be paid on June 26, 2026, to shareholders of record as of June 12, 2026. This dividend reflects the company's ongoing ...
Dell Technologies reported Q1 revenue of $43.84 billion and adjusted earnings of $4.86 per share, both well above analyst expectations, driven by strong AI infrastructure demand. The company's Infrastructure Solutions Group revenue surged 181% to $29...
