Strategy's bitcoin holdings account for roughly 4% of the total supply cap, with $3.9 billion in paper gains.
Business
Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares
Related
Business
The $2 Trillion AI Giant: Inside Anthropic’s Massive IPO Filing
Anthropic's operating loss for the first half was $693 million. Most of the remaining loss came from marking its convertible notes to a rising valuation.
Business
Strategy Skips Bitcoin Buy, Spends $205M Repurchasing STRC Instead
Michael Saylor’s Strategy paused its bitcoin accumulation last week, instead spending nearly $205 million repurchasing its preferred shares as the company continues to reshape its capital structure. Strategy Stockpiles More STRC Strategy (…
Business
Anthropic Makes IPO Filing Public, Plans Nasdaq Listing Under ‘ANT’
The S-1 shows revenue up from $1.2 billion a year earlier, and a share structure that leaves a trust and the co-founders in control.
Business
The excitement around Moderna’s cancer vaccine is cooling. Here’s why.
Investors had “incredibly high” expectations around the Phase 3 data for the drugmaker’s experimental cancer treatment.