Bank of America raised its price target for Coinbase (COIN) stock to $203 from $174 while maintaining a Buy rating. The bank also raised its 2027 and 2028 earnings estimates, expecting higher revenue from USDC reserves after the Federal Reserve’s September rate hike. Coinbase’s near-term outlook…
Shares of Armada Acquisition Corp. II, the shell company taking XRP treasury firm Evernorth public, rose about 273% last week ahead of the expected Oct. 7 merger closing.
Metaplanet bought 1,000 BTC on a net basis in Q3, taking its total holdings to 44,000 BTC as of Sept. 30. The Tokyo-listed firm sold 10,000 BTC and later bought 11,000 BTC to show it could convert Bitcoin into cash when needed. The move was aimed at strengthening its credit position and access to…
Strategy bought 334 BTC for $28.7 million between Oct. 1 and 4, raising its total holdings to 848,000 BTC. The company paid an average of $85,839 per bitcoin, bringing its total investment to about $63.97 billion. Strategy also spent $176.3 million buying back STRC shares between Sept. 28 and Oct…
Macro uncertainty and political turmoil have failed to deter Strategy from continuing its recent bitcoin accumulation spree, with the company adding another 334 units for $28.7 million.
