Key Takeaways Vivek Ramaswamy purchased 15,625 shares of Strive Inc.’s Variable Rate Series A Perpetual Preferred Stock at $80 per share. Strive Asset Management, co-founded by Ramaswamy, positions itself as ‘anti-woke’ and focuses on maximizing shareholder value. Strive, backed by Vivek Ramaswamy, announced Monday it had successfully closed its oversubscribed initial public offering (IPO) of
YouTube rival and Bitcoin treasury Rumble has said it is buying AI and high-performance-computing firm Northern Data in a deal backed by stablecoin giant Tether. The alternative media company—which describes itself as “the freedom-first technology platform”—said Monday that it would get access to the German company’s GPUs and would work to expand its cloud business.
Wall Street cynic Jim Chanos has closed out his widely publicized and controversial bet against Michael Saylor’s Strategy (formerly MicroStrategy), likely doubling his money through short-selling the company’s MSTR common stock. To be exact, the short-seller constructed a pair trade of short MSTR and long bitcoin (BTC). Rather than betting that the price of MSTR
Key Takeaways Bitdeer Technologies reported Q3 revenue of $169.7 million, beating analyst expectations. The company is aggressively growing its AI business segment, signaling diversification beyond blockchain. Bitcoin and AI infrastructure company Bitdeer Technologies reported $169.7 million in revenue for Q3, exceeding analyst expectations. The company has been emphasizing growth in its AI operations as part
Tether, the issuer of the widely used USDT stablecoin, has announced it will spend $100 million over two years on advertising for Rumble, signalling a deepening partnership that has caused the RUM stock to soar. This development comes amid Rumble’s broader strategy to expand its cloud and AI infrastructure, including a significant acquisition of Germany’s
Rumble (NASDAQ: RUM) shares are surging in pre-market trading after the video-sharing platform reported third-quarter results showing sharp improvement in profitability despite a modest dip in revenue. By press time, the stock was trading at $5.89, up 17% in pre-market activity. Even with this rally, Rumble remains down more than 50% year to date, reflecting
Pseudonymous high-stakes crypto trader James Wynn on Monday decided to go all-in on shorting the crypto market. He revealed that he has sold his entire digital asset portfolio, except for his long-term spot BTC, which he plans to never sell. Wynn said he has deployed all stablecoins (30% of his portfolio) and added them to
Block, the payments infrastructure firm led by Jack Dorsey, has enabled Bitcoin payments for 4 million merchants globally using the Square Bitcoin feature of its point-of-sale platform, the firm announced on Monday. The integration allows merchants to accept Bitcoin at checkout with instant settlement via Bitcoin’s Lightning Network, with no fees until 2027. Sellers can
Today, finally, there is positive news regarding the price of Bitcoin. A couple of weeks ago, in fact, the price of BTC was above $115,000, but then a correction began that might have ended yesterday. Although it seems that some news released yesterday triggered today’s bounce in Bitcoin’s price, in reality, there had already been
Strategy issued $50 million in preferred stock to fund its latest Bitcoin purchase, leaving common shareholders undiluted as its market cap approached a key threshold, the Bitcoin-buying firm signaled in a blog post on Monday. The Tysons Corner, Virginia-based company was recently valued at $71 billion, reflecting a 1.06x premium against its $67.8 billion Bitcoin