Billionaire Bill Ackman’s hedge fund has allocated nearly half of the firm’s $11.9 billion portfolio into just three assets. SEC filings reveal …
Invests
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Analysis
Ark Invest’s Cathie Wood dumps $110M more Circle shares amid valuation surge flipping Robinhood
by shayaanby shayaanCathie Wood’s ARK Invest sold around $110 million worth of Circle (CRCL) shares on June 23, continuing a wave of profit-taking just …
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The investment was made through SBI Ven Capital’s joint fund with Sygnum Bank and Azimut Group, which aims to accelerate the rollout …
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Analysis
Leading Stablecoin Issuer Tether Invests $89,000,000 Into Precious Metals Royalty Company To Deepen Exposure to Gold
by shayaanby shayaanThe issuer of the largest stablecoin by market cap just acquired significant holdings with a gold-focused royalty company listed in Canada. In …
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Ripple partner SBI Holdings and its affiliate SBI Shinsei Bank announced a multi-million-dollar investment in Circle, the issuer of USDC, following Circle’s …
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Analysis
ARK Invest’s Cathie Wood Unveils Massive Price Target for Tesla (TSLA) in Five Years Fueled by Robotaxi Platform
by shayaanby shayaanARK Invest chief executive Cathie Wood believes the electric vehicle giant Tesla (TSLA) can hit an astronomical valuation by 2030. In an …
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In a lucrative initial public offering (IPO) on the New York Stock Exchange on Thursday and Friday, Circle Internet Group stock soared, …
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Finance
Nasdaq-listed MicroCloud Hologram invests $200m in Bitcoin-linked derivatives
by shayaanby shayaanNasdaq-listed MicroCloud Hologram has invested up to $200 million in Bitcoin and cryptocurrency-related derivatives. According to a June 3 press release, the …
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Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. …
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Adoption
Tether invests $5 billion profit into US companies while holding $120 billion in US debt
by shayaanby shayaanTether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into …