Strategy’s Equity Shift Is No Retreat From Bitcoin Strategy, Benchmark Says

Strategy’s (MSTR) recent share-price weakness has drawn criticism from retail investors who accuse executive Executive Chairman Michael Saylor of undermining discipline by loosening a self-imposed rule against issuing equity when the company’s premium to its bitcoin holdings (mNAV) fell below 2.5x. That criticism, however, misreads the situation, Benchmark analyst Mark Palmer said in a research … Read more

BitMine Immersion Boosts Ether Holdings to $8.1B, With $623M in Cash for More Purchases

BitMine Immersion Technologies (BMMR), the Nasdaq-listed digital asset treasury firm led by Fundstrat’s Tom Lee, continued to accumulate tokens as crypto prices fell. The firm added over 150,000 ETH through last week, according to a Tuesday press release. The purchase brought the company’s total holdings to 1,866,974 tokens, worth roughly $8.1 billion at current prices, … Read more

Samsung’s trifold might be launching pretty soon

This concept trifold was previously shown off by Samsung Display. We know officially that Samsung is planning to launch its first trifold phone this year, and recent rumors suggest that might mean either this month or next. Just don’t expect it to appear at this week’s Unpacked event, which promises products ranging from “premium AI … Read more

BONK Holds Firm Amid $30M Corporate Deal and Token Unlocks

BONK navigated sharp swings over the last 24 hours, fluctuating between $0.00001991 and $0.00002123, a 45% trading spread that underscored heightened volatility. Selling pressure intensified late on Tuesday amid a scheduled $11.41 million token unlock, with the token dropping from $0.00002102 to a low of $0.00001991 at 21:00 UTC. This move was accompanied by a … Read more

Strategy Added Another 4,408 Bitcoin for $450M Last Week

Strategy (MSTR) continued its relentless bitcoin (BTC) purchases, acquiring another 4,048 coins last week and bringing company holdings to 636,505 coins. Last week’s buys were made for just under $450 million, or an average cost of $110,981 each. They were funded mostly through sales of common stock, with sales of the company’s various preferred shares … Read more

Kite Raises $18M to Bridge Stablecoin Payments and Autonomous Agents

EMB: Sept. 2, 12:30 UTC Artificial intelligence (AI) company Kite raised $18 million to expand its platform for enabling autonomous agents to transact with stablecoins. The round, co-led by General Catalyst and PayPal Ventures, brings the San Francisco-based startup’s cumulative funding to $33 million, according to an emailed announcement on Tuesday. Formerly known as Zettablock, … Read more

ICP Advances 2.8% as Buying Interest Revives

Internet Computer Protocol (ICP) displayed resilience during the last 24 hours, rising 2.8 percent while the broader CoinDesk 20 index added just 1.9 percent. The token fluctuated across a $0.24 band, equal to a 5% swing, moving between $4.60 and $4.84, according to CoinDesk Research’s technical analysis data model. The most severe decline occurred between … Read more