1h ago
Strategy Buys 250 Bitcoin for $22 Million, Marking Fourth Straight Week of Accumulation
Strategy said it acquired 250 Bitcoin over the past week at an average price of $86,194, its fourth consecutive week of purchases. The roughly $22 million buy lifted total holdings to 848,250 BTC, after the company added 2,949 Bitcoin for $248 million in the prior three weeks. Strategy also repurchased $192 million of STRC, its perpetual preferred stock that pays 12% annual dividends, carries a par value of about $100 and trades at $99.89. The firm has disclosed since 2020 that it may buy or sell BTC to manage capital.
BTC
BTC-1.22%
1h ago
3h ago
US Stocks: Dating app Bumble shares surge 52% on talks to go private at $1 billion valuation
Bumble is reportedly in advanced negotiations for a private acquisition by Ithaca Holdings, which values the company at approximately $1 billion. This potential acquisition follows a decline in Bumble's market valuation, which was around $389 million recently. Shares of Bumble saw a significant increase, which rose nearly 52% after the acquisition discussions became public. The company is facing challenges in a competitive market, particularly with younger users disengaging.
3h ago
3h ago
Stellar's RWA Value Hits a Record $3.5 Billion, Leaving XRP Ledger, Solana and Avalanche Behind
The total value of tokenized real-world assets on Stellar has climbed to a record $3.5 billion. That represents growth of roughly 360% from $895 million a year earlier. Net inflows into Stellar investment products reached $17.1 million, ahead of Ethereum's $16 million and Polygon's $5.9 million. The advance places Stellar ahead of RWA tokenization rivals including the XRP Ledger, Solana and Avalanche.
XLM
XLM-3.46%
3h ago