Articles by Sarah Chen
Strategy's STRC Preferred Stock Plunges, Signaling Bitcoin Funding Stress
Strategy's STRC preferred stock sank 26% to $73.68, far below its $100 par value, as a $13.4 billion unrealized bitcoin loss drove its effective yield to 15.6%, signaling investor concern over funding pressure.
Microsoft's Russell Index Shift Tests Value-Growth Dynamics Amid June Selloff
Microsoft fell 3.46% to a 52-week low ahead of the $150 billion Russell index reconstitution, which places the stock in both value and growth categories. EU regulations, Italian antitrust probe, and rising memory costs add pressure.
Apple Loses $263 Billion in Market Cap as Memory Costs Bite
Apple shares plunged 6.12%, wiping out $263 billion in market cap, as the company raised Mac and iPad prices amid soaring memory costs, sparking fears over iPhone pricing.
Polymarket Hack Exposes Frontend Risks Amid ICE's $2B Investment Plan
Polymarket will fully refund users after a third-party vendor hack drained nearly $3 million from fewer than 15 accounts, shifting security focus from smart contracts to frontend vulnerabilities as ICE plans a $2 billion investment.
Polymarket Hack Tests ICE-Backed Platform's Security
Polymarket will refund users after a $3M hack from a compromised third-party vendor, highlighting frontend security risks as ICE eyes a $2B investment.
Bitcoin Tests $59.5K Support as ETF Outflows Surge, Options Expiry Looms
Bitcoin slipped to $59,498 after hitting a low of $58,189, as U.S. spot bitcoin ETFs saw $469M in net outflows on June 24, led by IBIT and FBTC. A $10.2B options expiry on Deribit adds pressure.
Bitmine Stock Slides as Ether Decline Slashes Crypto Holdings Value
Bitmine (BMNR) shares fell 4.4% to $13.40 as ether's decline reduced its ETH holdings by $921M, trading 19% below adjusted asset value.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
MARA Holdings Slips on Dilution Concern Despite Bullish AI-Powered Outlook
MARA Holdings fell 3% after shareholders approved an 18 million share increase, raising dilution concerns. A bullish analyst target of $24 based on AI power demand couldn't offset the uncertainty.
Strategy's STRC Dividend Needs Shift Focus from Bitcoin Buys
Strategy (MSTR) stock fell 5.7% after raising $335.5M in new shares but using only $34.9M for bitcoin, as the market focused on its $1.4B cash reserve to cover STRC dividends.
Apple Raises Mac, iPad Prices Amid DRAM Cost Surge, iPhone Unchanged
Apple raised Mac and iPad prices by $100-$300 due to soaring memory costs, while iPhone prices stayed unchanged. Shares fell 4.8% as investors weighed margin pressure from rising DRAM prices.