Articles by Sarah Chen
Bitcoin Slips Below $70K After Strategy's First-Ever BTC Sale
Bitcoin dropped under $70,000 after Strategy disclosed its first bitcoin sale, while U.S. spot bitcoin ETFs posted 11 straight days of redemptions totaling $3.45 billion.
Keel Infrastructure Surges on AI Data Center Lease Prospects
Keel Infrastructure shares soared 7.39% to $6.10 as the company pivots from bitcoin mining to AI data centers, despite a 23% Q1 revenue drop. Liquidity of $533M supports lease targets at three campuses.
SoFi Rises on Stablecoin Launch; Wall Street Eyes Credit Risks
SoFi Technologies shares rose 1.9% on Monday after launching its SoFiUSD stablecoin, though BTIG warned of rising loan-loss trends in the lending business.
Strategy Inc. Sells Bitcoin for First Time Since 2022 to Fund Dividends
Strategy Inc. sold 32 bitcoin for $2.5 million to fund preferred dividends, its first sale since 2022. Shares fell 5.9% as the market eyes the shift from pure accumulation.
POET Technologies Surges 17% Amid AI Orders, Lawsuit Deadline, and Marvell Impact
POET Technologies shares jumped 17% on heavy volume as law firms highlighted a June 29 lead-plaintiff deadline in a securities case. The rally follows a $50 million Lumilens order and $400 million financing, but legal and business risks persist.
Marvell Technology Surges 9% on New AI Switch Chip and Strong Outlook
Marvell Technology shares surged 9% to $223.36 after unveiling the Teralynx T100 switch chip for AI data centers. Fiscal Q1 revenue hit $2.418B, up 28%, with Q2 guidance of $2.70B.
