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Ripple raised $500 million from Wall Street investors at a $40 billion valuation, but the deal includes protective terms guaranteeing a minimum 10% annual return.
Hut 8 Corp. stock declined over 13% due to a broader Bitcoin downturn and heavy selling in its majority-owned subsidiary, American Bitcoin (ABTC). The market is penalizing the firm's complex structure despite its strategic pivot towards high-performance computing infrastructure.
MicroStrategy acquired an additional 10,645 bitcoins for $980.3 million, reinforcing its corporate treasury strategy even as its stock and the broader crypto market show signs of weakness. The purchase was financed through stock offerings, highlighting the firm's continued reliance on capital markets to fund its digital asset accumulation.
Bitcoin has recovered to over $92,000 and Boeing shares are rising as investors anticipate a rate cut from the Federal Reserve. While institutional buying is fueling the crypto rally, the aerospace giant's surge follows its strategic acquisition of Spirit AeroSystems.
A new study from UBS reports that the global billionaire population has reached a record 2,900 individuals, collectively controlling $15.8 trillion. This surge is primarily fueled by appreciating stock markets and high-growth entrepreneurship, particularly in the technology and cryptocurrency sectors, reinforcing wealth concentration at the top.
Rare earth startup Vulcan Elements has secured a $620 million loan commitment from the Pentagon. The award follows a recent investment from a venture capital firm where Donald Trump Jr. is a partner, raising questions about government contracting protocols.