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Bitcoin Surges On Treasury Game-Changer; Strategy Raises $2 Bil
Investor's Business Daily27d agobullish
Bitcoin Surges On Treasury Game-Changer; Strategy Raises $2 Bil

The bitcoin price continued its recent surge on Monday, touching a two-month high on news that the Treasury Department might conduct its own version of quantitative easing using its nearly $1 trillion general account. The rally got cooking with a burst of short-covering last Wednesday, when Treasury announced that it would at least double buybacks of long-term government bonds to stem a big rise in 10- and 30-year Treasury yields. The moves by Treasury Secretary Scott Bessent are both part of an effort to rein in government borrowing costs and the economic fallout of high rates.

Strategy earmarks $1.6 billion cash pool for treasury operations, buybacks
Reuters27d agobullish
Strategy earmarks $1.6 billion cash pool for treasury operations, buybacks

Michael Saylor's Strategy set aside about $1.6 billion in cash to fund future treasury operations, ‌including potential bitcoin purchases and share buybacks, the ‌company disclosed in a regulatory filing on Monday. The world's largest corporate buyer ​of bitcoin dubbed the liquidity pool "USD Cash," which will be different from a reserve it set up earlier to fund dividends on its preferred stock and interest on its ‌outstanding debt. The new cash ⁠pool will have more flexible uses and could be used for bitcoin purchases, share buybacks ⁠and other corporate events.

Investing.com27d agobullish
Strategy sets up $1.59 billion cash pool to buy Bitcoin

Investing.com -- Strategy Inc. announced Monday it established a new cash pool of $1.59 billion that can be used to purchase Bitcoin, pay preferred stock dividends and debt obligations, repurchase securities, or meet other corporate needs.

nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings
Reuters27d agobullish
nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings

nVent Electric said on Monday it would acquire data center equipment ‌maker Maverick Power for $1.75 billion as ‌it looks to expand its presence in a booming ​AI infrastructure market. Electrical equipment and systems suppliers like nVent have benefited as companies ramp up investment to support the rapid expansion of AI ‌computing capacity, with ⁠CEO Beth Wozniak saying the Maverick acquisition will add power distribution capabilities ⁠and strengthen its offerings to data center customers. The deal also includes a potential additional ​consideration of ​up to $550 million ​in cash if Maverick ‌achieves certain performance targets in 2027 and 2028, nVent said.

Investing.com27d agobullish
PDD Holdings gains on second quarter earnings beat

Investing.com -- PDD Holdings Inc. (NASDAQ: PDD) reported second-quarter results that exceeded earnings expectations, though revenue came in slightly below analyst estimates. Shares have risen 1% premarket.

How Olipop is beating big soda at its own game: Fmr CEO
Yahoo Finance Video27d agobullishVIDEO
How Olipop is beating big soda at its own game: Fmr CEO

Yahoo Finance Executive Editor Brian Sozzi sits down with Olipop co-founder and former CEO Ben Goodwin to discuss why traditional full-calorie soda might be a thing of the past, and how Olipop reclaimed the top spot in the category after PepsiCo's acquisition of rival Poppi. Ben Goodwin was still CEO of Olipop at the time of filming.