Tag: Stock

How Much Bitcoin Can Michael Saylor Buy via Strategy’s STRC Stock?

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Michael Saylor’s Strategy may purchase more Bitcoin (BTC) in the coming weeks through the proceeds from its STRC stock sales. Key takeaways: What is STRC stock? Michael Saylor’s Strategy (MSTR) owns about $50 billion in Bitcoin, the highest by any public company on record. Stretch (STRC) is Strategy’s income-focused preferred stock launched in July 2025 to raise capital for its Bitcoin accumulation strategy. In its IPO, the company raised about $2.521 billion gross and $2.474 billion net. It then used those proceeds to acquire 21,021 BTC at an average price…

Kraken rolls out xChange engine to power tokenized stock markets

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Kraken’s tokenized equities platform xStocks has launched xChange, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks. According to the company, the system supports trading of more than 70 tokenized equities backed 1:1 by underlying shares held in custody, with prices intended to track the corresponding public market stocks. The launch adds new trading infrastructure for tokenized equities, part of the broader tokenized real-world asset market that aims to bring traditional financial instruments such as stocks onto blockchain-based trading systems. Kraken launched…

Berkshire Hathaway resumes buybacks for first time since 2024 as CEO Greg Abel also buys stock

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Berkshire Hathaway has resumed repurchasing its own shares for the first time since the second quarter of 2024, according to a new regulatory filing that signals the conglomerate again sees its stock trading below intrinsic value. The company disclosed it began buying back Class A and Class B shares on March 4 under its long standing repurchase policy, which allows Berkshire to buy stock whenever management believes the market price is below its conservatively estimated intrinsic value. The move comes as Berkshire sits on roughly $373.3 billion in cash and…

NYSE Owner ICE Invests In OKX At $25B To Expand Tokenized Stock Trading

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Intercontinental Exchange will take a board seat at OKX and plans to bring NYSE-listed tokenized stocks and derivatives to the crypto exchange’s users in 2026. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has invested in crypto exchange OKX at a $25 billion valuation and will take a seat on the company’s board, according to a Thursday announcement. ICE has invested an undisclosed amount in OKX as part of its push into blockchain technology and tokenized stocks, the announcement states. OKX will provide ICE with a…

Korean stock market plunges 12% in historic one-day crash

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South Korea’s KOSPI plunged 12% on Wednesday in its largest single-day drop on record, wiping out roughly $625 billion in market value as geopolitical tensions and margin calls triggered a broad market selloff. The benchmark index, which tracks major companies listed on the Korea Exchange, closed near 5,093.54 points after trading was halted for 20 minutes when circuit breakers were triggered at the 8% decline threshold. Major technology companies led the losses. Samsung Electronics fell 11.7%, while memory chipmaker SK Hynix dropped 9.6% during the session. The sharp decline capped…

MEXC Expands Tokenized Stock Listings Through Ondo Finance Partnership

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Crypto exchange MEXC has expanded its tokenized equities offering through its partnership with Ondo Finance, listing new onchain representations of US stocks that trade against Tether on its platform. According to company announcements this week, the expansion includes 17 newly listed tokenized stock pairs and seven additional tokens tied to US defense and energy companies. The tokens are issued as ERC-20 assets on Ethereum and trade against Tether (USDT) pairs on the exchange. The underlying shares are held in regulated trust accounts and subject to quarterly third-party audits, with the…

ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

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ARK Invest, Cathie Wood’s investment firm focused on disruptive technology sectors, acquired 158,587 shares of Robinhood (HOOD) on Tuesday ahead of the brokerage’s “Take Flight” event scheduled to take place tomorrow at 7:30 PM ET. Apart from HOOD, ARK Invest also accumulated shares of Coinbase, CoreWeave, Tesla, and Alibaba. Take Flight is Robinhood’s flagship event, concentrated on the company’s next phase of growth and product expansion. It will be held live at the TWA Hotel at JFK Airport and feature keynotes from Robinhood CEO Vlad Tenev as well as other…

Adobe stock gains on rumors ‘Big Short’ Michael Burry goes long

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Adobe shares rose 3% in intraday trading on Tuesday following unconfirmed reports that Michael Burry, the investor who famously predicted the 2008 housing collapse, had taken long positions in the software company. The stock climbed as high as $270 after the opening bell before retreating to around $268. per Yahoo Finance. Year-to-date, shares of the San Jose-based firm have fallen roughly 23%. The reported move would mark a departure from Burry’s recent bearish stance on artificial intelligence equities. By late 2025, put options against Nvidia and Palantir accounted for nearly…

Revenue Beats, Earnings Per Share Miss, Stock Falls

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Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb. For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared with $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, compared to zero a year earlier. Analysts polled by Yahoo Finance expected earnings…

Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings

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Jack Dorsey said Block will cut nearly half of its workforce, reducing headcount from more than 10,000 employees to just under 6,000, a move affecting over 4,000 workers. The announcement was shared in a note posted by the Block CEO on X and released alongside the company’s latest earnings report. Block said it is not making the cuts due to financial distress, pointing to improving profitability and continued gross profit growth. Dorsey wrote that advances in intelligence tools and flatter teams are fundamentally changing how the company operates, prompting a…