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Strive Raises $700M for Bitcoin, CRO Jeff Walton Explains Where Next Trillion Dollars for Bitcoin Comes From
Strive, a Bitcoin treasury company, has raised $700 million for Bitcoin through its $SATS preferred stock IPO, despite high-yield credit spreads widening. Chief Risk Officer Jeff Walton explained that this signals a growing market for Bitcoin-backed preferred equity and rated capital, which he believes will be the source of the next trillion dollars for Bitcoin.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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Oracle, Meta, and SpaceX credit default swaps (CDS) hit all-time highs, as the market anticipates a surge in AI-related bond issuance in Q4.
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Liu Jun, President of Industrial and Commercial Bank of China (ICBC): Commercial Banks Bear Heavier Financial and Legal Responsibilities Than Central Banks in AI Deployment
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Bain Survey: Chinese Consumers Prioritize Technology in Car Purchases, While Europeans and Americans Still Value Price; Western Automakers Face Dual Pressure
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Anthropic pitches AI safety bill that would require judge's permission to block models
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Anthropic reportedly faces a compute shortage as cloud giants view it as a competitor, plans November IPO.
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NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
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Media reports: Amazon Web Services (AWS) has billions of dollars worth of NVIDIA chips backlogged in its warehouses due to power shortages, leading to negative free cash flow.
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Hansoh Pharmaceutical inks up to $15B drug deal with Roche, China's innovative drug out-licensing hits $130B
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King Charles III of the UK praised Oman's peaceful efforts in reopening the Strait of Hormuz.
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U.S. equity index futures rose, boosted by strong earnings reports from AI-related companies.
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