16h ago
Strive keeps SATA preferred dividend at 13%, raising risk it may sell Bitcoin to fund cash payouts
Strive has maintained the variable dividend rate on its SATA perpetual preferred shares at 13%, implying about $101.8 million in annualized dividends based on the June 30 share count. The company reported $154.9 million of cash and cash equivalents as of Aug. 7, leaving limited cash-only coverage at that dividend run rate. If cash needs persist, Strive could be pressured to sell Bitcoin to close a funding gap. Any dividend-rate change or Bitcoin sale remains conditional and has not been finalized.
BTC
BTC-0.40%
16h ago
16h ago
Hanwha shifts U.S. shipbuilding push south and west with proposed $1+ billion Austal USA deal
Hanwha Group, which bought Hanwha Philly Shipyard for $100 million in 2024, is shifting its U.S. investment focus toward the South and West. The company has proposed paying more than $1 billion for Austal USA’s shipyard in Mobile, Alabama, nearby nuclear-submarine fabrication sites, and a ship-repair facility in San Diego. Hanwha had pledged $5 billion to expand its Philadelphia facilities, but it has said it has lost money on a $1.7 billion program that began in 2021.
16h ago
16h ago
UK businessman Bobby Zhou bought $100 million in tokens from Trump family crypto project World Liberty Financial: report
UK businessman Guren “Bobby” Zhou, previously investigated for money laundering, bought $100 million worth of tokens from the Trump family’s crypto project, World Liberty Financial, through a new firm called Aqua 1, The New York Times reported. Zhou said in an audio stream on X that he was “very proud” to be a major participant in the venture. Under World Liberty’s policy, as much as $75 million of the funds was distributed to a company controlled by President Trump and his three sons.
16h ago
17h ago
Trump Media’s Bitcoin holdings reach 14,139 BTC as 2,077.34 BTC backs options and $1 billion notes face Nov. 30 put
Trump Media reported a second-quarter net loss of $238.1 million and a first-half loss of $644 million, including $360.6 million tied to digital assets as Bitcoin and Cronos fell. Despite the downturn, the company sold about $159.6 million of Bitcoin-related securities and used the proceeds to buy Bitcoin, lifting its holdings to 14,139 BTC worth $890.5 million as of July 31. It also pledged 2,077.34 BTC worth $122.1 million to a counterparty for a Bitcoin options strategy.
BTC
BTC-0.40%
17h ago
17h ago
Backpack Securities issues tokenized stock $NBIS on Solana, redeemable 1:1 for Nebius shares
Backpack Securities has issued tokenized stock $NBIS on the Solana blockchain, backed by Sunrise. The token is redeemable 1:1 for Nebius shares, can be transferred to traditional brokerages, and is tradable across Solana and Nasdaq. Nebius is set to report second-quarter earnings tomorrow before the market opens, with attention on AI infrastructure demand, capital spending and its 2026 outlook.
SOL
SOL+0.38%
17h ago
17h ago
Bitcoin, Ether ETFs draw $1.08B in a week, best since April, while BTC rises 0.26% and ETH gains 0.35%
During Aug 3-7, BTC ETFs posted $847.0M of net inflows and ETH ETFs took in $229.7M, lifting combined inflows to $1.08B, the strongest weekly showing since April. Price reaction was limited, with BTC up 0.26% and ETH up 0.35%. After five consecutive inflow sessions, BTC saw a $91.0M outflow on Monday, while ETH remained positive with an additional $5.3M inflow. On-chain data show BTC spot CVD at $142.8M and futures CVD at $1.61B, alongside long-term holders distributing 14,526 BTC (about $929M), while ETH spot CVD was -$63.1M and futures CVD was +$717.1M.
BTC
BTC-0.40%
17h ago
17h ago
MoneyGram launches Ramps on Solana, bringing 60M+ customers across 170+ countries via a single API
MoneyGram said its Ramps service is now live on the Solana blockchain. The single-API integration connects MoneyGram’s payments network to the Solana ecosystem, spanning 170+ countries, 60M+ customers and nearly 500,000 retail locations. The service is designed to support easier exchange between fiat currency and crypto assets. Solana developers can use it as a gateway to MoneyGram’s traditional finance reach.
SOL
SOL+0.38%
17h ago
18h ago
Vodafone Idea secures first Rs 6,400 crore tranche from SBI-led bank consortium
Vodafone Idea has secured a first tranche of Rs 6,400 crore from a bank consortium led by State Bank of India, as it works to strengthen its funding position. The funding includes Rs 1,183 crore raised through warrant proceeds, along with debt funding and non-funded facilities. In the first quarter of FY27, the company reported a net loss of Rs 3,754 crore, narrower than Rs 6,608 crore a year earlier. The stock rose 3% intraday to Rs 13.30 from a prior close of Rs 12.91 on the BSE.
18h ago