Strategy’s (MSTR) bid to join the S&P 500 index was rejected, despite meeting technical eligibility criteria, in what JPMorgan (JPM) calls a sign of growing caution toward companies that function as de facto bitcoin BTC$114,120.44 funds. The index committee’s discretionary decision is a setback not only for Strategy but for the growing number of corporate
Bitcoin bounced back from Tuesday’s low of $110,714 and topped $114,000 Thursday morning, reaching its highest level since August 24, per CoinGecko data. Its price movement comes as U.S. spot Bitcoin ETFs notched inflows of $757.1 million Wednesday, per SoSoValue, an eight-week high. In total, U.S. ETFs have accumulated $1.39 billion worth of Bitcoin in
For most of the past 12 months, it’s been better to own bitcoin (BTC) than Strategy (formerly MicroStrategy) stock. Indeed, over the past 250 trading days through yesterday’s close, MSTR has underperformed BTC 90% of the time. Although founder Michael Saylor promotes his common stock as a leveraged play on BTC — and BTC has
Nasdaq-listed Forward Industries (FORD) said Thursday it has closed the $1.65 billion private investment in public equity (PIPE) deal to build out corporate crypto treasury centered on Solana SOL$225.17. The cash and stablecoin commitments, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will fund the company’s plan to anchor its balance sheet in Solana’s
The world of digital assets is constantly evolving, and sometimes, even the most promising partnerships take new directions. Recently, a significant development in the crypto custody space caught the attention of industry observers: the joint venture between Zodia Custody and SBI Holdings is reportedly winding down after two years. This news marks a pivotal moment
Story Highlights Stablecoins like USDT and USDC are quietly buying U.S. Treasuries as foreign demand declines. Tom Lee compares stablecoins to a mini debt system, supporting America’s $35 trillion liabilities. A future Fed CBDC could reshape monetary policy, directly managing accounts and stimulating economy. Can digital dollars help patch America’s $35 trillion debt hole? According
Robinhood Markets (NASDAQ: HOOD) CEO Vlad Tenev built a $90 billion financial empire, but wealth was never the driving force behind his mission to upend traditional Wall Street gatekeepers. “When I started the company, I was worth nothing,” Tenev said during a Bloomberg Wealth interview. “But things haven’t changed very much for me, as it
Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press
The world of finance is rapidly evolving, with digital assets taking center stage. In a significant move highlighting this shift, AM Management, a leading provider of artificial intelligence-based quantitative solutions, recently announced a pivotal investment from Woori Financial Group’s Dino Lab Fund. This strategic backing underscores the growing confidence of traditional financial institutions in advanced