Live news: Bitcoin slips below $80,000 as Anthropic files for massive IPO

Live news: Bitcoin barely holding $80,000 ahead of Fed on Wednesday, tech earnings this week

liveUpdated 34 minutes ago

Brazilian stocks are expected to plunge at the open as President Luiz Inácio Lula da Silva unexpectedly secured a fourth term in office.

By James Van Straten|Edited by Oliver Knight

Share this post

Matt Cole’s Strive ASST remains one of the few bitcoin treasury companies adding sizable amounts of BTC to their balance sheets.

Following its more than $600 million IPO of preferred stock, SATS, Strive added 6,182 bitcoin last week for $511.4 million. That brought total holdings to 43,000 BTC, worth about $3.44 billion at bitcoin’s current price near $80,000.

Cash holdings rose to $504.4 million as the company built a promised reserve with which to pay dividends on the preferred stock.

ASST is lower by 2.9% pre-market alongside bitcoin’s weekend slide back to $80,000.


Share this post

Meta META Monday morning announced an offering of about $35 billion — roughly $22.5 billion in common stock and $12.5 billion of preferred shares.

In addition, the company plans to raise another $60 billion in an at-the-market offering of its new Class C common stock.

“AI is creating significant opportunities for Meta across its core business and new products and services,” said the company. “Meta’s AI investments are already generating tangible returns through increased engagement, improved advertising performance and increased monetization. Meta is also pursuing new opportunities across personal superintelligence, consumer and business agents, enterprise products, and AI glasses.”

Shares are higher by 2% pre-market.



Share this post

Brent crude is down more than 6% from Friday’s high, trading just below $110 a barrel as hopes of a deal between the US and Iran ease fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan and Turkey, following a visit by Qatari officials.

Brazil’s stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term in office. The iShares MSCI Brazil ETF is down 26% in pre-market trading.

Bitcoin is holding just above $80,000, while gold trades slightly above $4,000 an ounce. The Invesco QQQ Trust is flat in pre-market trading despite persistent concerns about the AI trade. The US Dollar Index remains firm just below 102, while the US 10-year Treasury yield sits just below 5%.

Microsoft and Amazon report quarterly earnings this week, alongside interest-rate decisions from the Federal Reserve, Bank of Japan and European Central Bank.


 

Leave a Reply

Your email address will not be published. Required fields are marked *