Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects
Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 ...
Tag: Billion
GameStop plans $1.4 billion stock swap as Bitcoin collateral risk emerges
GameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that would retire about one-third ...
Tether Posts $1.5 Billion Q2 Operating Profit as Treasury Holdings Drive Earnings
Tether, the issuer of the world’s largest stablecoin USDT, reported $1.5 billion in net operating profit for the second quarter ...
New York Sues Kalshi, Calls Prediction Market an ‘Illegal Gambling Operation,’ Seeks $36 Billion
New York has filed a sweeping lawsuit against prediction market platform Kalshi, accusing the company of operating an illegal gambling ...
Strategy Posts $8.2 Billion Q2 Net Loss as Bitcoin Slump Cuts Holdings Value
Strategy (NASDAQ: MSTR) reported an $8.22 billion net loss for the second quarter of 2026 after a decline in Bitcoin ...
Bitcoin Treasury Strategy Posts $8.2 Billion Loss
Bitcoin treasury company Strategy reported a loss of $8.22 billion for the second quarter of 2026 thanks to the falling ...
Telegram Plans Native Gram Wallet Rollout for 1 Billion Users This Summer Telegram Plans Native Gram Wallet Rollout for 1 Billion Users This Summer
Pavel Durov announced on July 21 that Telegram will roll out a native non-custodial Gram wallet across its entire application ...
Zuckerberg Fears His Teams Are Too Slow for a $145 Billion AI Push
Key TakeawaysMeta targets up to $145B in AI by 2026 after 8,000 layoffs and a major workforce reshuffle.Zuckerberg wants Meta ...
Strategy Says Bitcoin Reserve Provides 31 Years of Dividend Coverage as Cash Buffer Reaches $3.2 Billion
Key TakeawaysStrategy says its bitcoin reserve provides 31 years of dividend coverage under management’s calculation.Its U.S. dollar reserve adds 1.8 ...
Bitcoin Miner Hut 8 Shares Jump On $9.8 Billion AI Data Center Deal
Bitcoin miner Hut 8’s shares rose Monday after the Toronto Stock Exchange- and Nasdaq-listed firm said it had signed a ...
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