Brazilian stocks are expected to plunge at the open as President Luiz Inácio Lula da Silva unexpectedly secured a fourth term in office.
Matt Cole’s Strive remains one of the few bitcoin treasury companies adding sizable amounts of BTC to their balance sheets.
Following its more than $600 million IPO of preferred stock, SATS, Strive added 6,182 bitcoin last week for $511.4 million. That brought total holdings to 43,000 BTC, worth about $3.44 billion at bitcoin’s current price near $80,000.
Cash holdings rose to $504.4 million as the company built a promised reserve with which to pay dividends on the preferred stock.
ASST is lower by 2.9% pre-market alongside bitcoin’s weekend slide back to $80,000.
Meta Monday morning announced an offering of about $35 billion — roughly $22.5 billion in common stock and $12.5 billion of preferred shares.
In addition, the company plans to raise another $60 billion in an at-the-market offering of its new Class C common stock.
“AI is creating significant opportunities for Meta across its core business and new products and services,” said the company. “Meta's AI investments are already generating tangible returns through increased engagement, improved advertising performance and increased monetization. Meta is also pursuing new opportunities across personal superintelligence, consumer and business agents, enterprise products, and AI glasses.”
Brent crude is down more than 6% from Friday’s high, trading just below $110 a barrel as hopes of a deal between the US and Iran ease fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan and Turkey, following a visit by Qatari officials.
Source link
