Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm … Read more
Crypto, like the early days of the internet boom, is still in a “1996” phase with more room to grow, Jefferies analysts told large institutional investors in a client Q&A report. The investment bank, which launched full coverage of the digital assets sector in September, said it is getting strong and diverse interest from its … Read more
Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana SOL$198.37 digital asset treasury field raising $300 million to accumulate the token. Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood’s ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity … Read more
Nvidia (NVDA), the world’s largest public company by market cap, said it will invest $5 billion in Intel (INTC) and work with the chipmaker on developing custom data-center and PC products as artificial intelligence becomes more pervasive. AI crypto tokens rose on the news. The Santa Clara, California-based maker of the graphic processing units (GPUs) … Read more
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech … Read more
Tether, the issuer of world’s largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday. The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks. Tether CEO Paolo … Read more
Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure. The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 … Read more
Ark Invest said it bought more than 2.5 million shares of crypto platform Bullish (BLSH) on the day of the company’s explosive debut on the New York Stock Exchange, securing a stake valued at more than $170 million by the end of the day. Shares of the company, which owns CoinDesk, surged to as high … Read more
President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion (roughly Rs. 8,77,315 crore) in the United States, a move that could help it sidestep potential tariffs on iPhones. The new pledge raises Apple’s total domestic investment commitment in the US to $600 billion (roughly Rs. 52,63,952 crore) over the next four years. Earlier this … Read more
ARK Invest increased its investment in ether treasury company BitMine Immersion Technologies for a second straight day, buying $15.3 million worth of the shares on Tuesday. Cathie Wood's investment management firm added 477,498 BMNR shares across its Innovation (ARKK), Next Generations Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed update. … Read more