Tag: Stock

Strategy Ups Preferred Stock Sale to $2B as Bitcoin Soars

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Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial dividend of 9%, Bloomberg reported, citing an anonymous source. This update comes just days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between $90 and $95…

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Tesla Stock Falls After Earnings Miss As Elon Musk Floats Cute Robots

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Tesla shares slumped nearly 5% in after-hours trading as it reported mixed results in the June quarter, caused mainly by a slump in automotive revenue. Its Bitcoin holdings remained unchanged, but the company reported its value had exceeded $1.2 billion as the crypto market rallied. It also opened a new retro-themed diner in West Hollywood to some fanfare. Tesla is one of the bellwethers for the broader tech sector, and is part of Big Tech’s “Magnificent 7,” which can offer clues to the appetite for high-risk and reward assets. Tesla…

MEXC Debuts Stock Futures With Zero Fees

The launch of stock futures with zero fees and USDT settlement by MEXC gives global users streamlined access to U.S. equities without a traditional brokerage. The move signals a broader push toward the convergence of crypto and traditional finance (TradFi). MEXC Bridges TradFi and Crypto with Zero-Fee U.S. Stock Futures Offering Global crypto exchange MEXC […] Source CryptoX Portal

Opendoor Stock Soars 500% Amid Meme Stock Revival and Crypto Surge

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Shares of Opendoor Technologies (OPEN) have skyrocketed more than 170% over the past five trading days after being crowned this season’s meme stock by traders on Reddit’s WallStreetBets. Shares of the online real estate marketplace have seen an upsurge in speculative interest and trading volumes over the past month after gaining traction among traders on Reddit’s WallStreetBets — a community known for spotlighting meme stocks. Previously a penny stock, Opendoor shares have soared more than 500% over the past 30 days, trading at $3.11 at the time of writing. The…

Abu Dhabi, Budapest Stock Exchanges to Explore Dual Listings, Cross-Border Trading

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The Abu Dhabi Securities Exchange (ADX) and the Budapest Stock Exchange (BSE) have entered into a Memorandum of Understanding (MOU) to establish a partnership. The agreement aims to enhance collaboration across several key initiatives. It also covers the analysis of possibilities for dual listings and cross-border trading. The signing ceremony occurred during the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to Hungary. Deepening Capital Market Ties The MOU outlines efforts to share best practices and foster greater connectivity between the two nations’…

Trump Media’s $2 Billion Bitcoin Buy Sparks Surge In Stock Price

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Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share. This surge followed the company’s announcement that it had invested $2 billion in Bitcoin (BTC). Two-Thirds Of Assets To Bitcoin Treasury The media group, which encompasses President Donald Trump’s social media platform Truth Social, the streaming service Truth+, and the financial services brand Truth.Fi, revealed that the recent cryptocurrency purchases align with a strategy initially outlined in May to establish a Bitcoin treasury. …

Trump Media Stock Sees 8% Bump as Bitcoin Holdings Reach $2B

Key Notes Trump Media holds $2B in Bitcoin, ~66% of its $3B liquid assets. Its stock up 8.19%, hitting $20.22, a one-month high. The company plans Bitcoin ETF with BTC, ETH, SOL, CRO, and XRP. Trump Media and Technology Group announced on July 21 that its Bitcoin and Bitcoin-related assets accumulation now totals $2 billion and represents around two-thirds of its total liquid assets of approximately $3 billion. The firm’s stock reached $20.22 per share, an 8.19% jump over the previous day’s close, after the news was announced in a…