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On GPS: Bill Gates is giving away $200 billion over the next two decades

On GPS: Bill Gates is giving away $200 billion over the next two decades

CNN11-05-2025
This week billionaire Bill Gates announced he is giving away $200 billion through the Gates Foundation — including 99% of his own wealth — over the next 20 years. Why is he doing this? Fareed sits down with Gates to discuss this radical decision and how it will impact global aid over the next two decades.
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The Bitcoin Fund Announces Annual Redemption Payment Details
The Bitcoin Fund Announces Annual Redemption Payment Details

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The Bitcoin Fund Announces Annual Redemption Payment Details

Not for distribution to U.S. newswire services or for dissemination in the United States. This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO, July 4, 2025 /CNW/ -- 3iQ Corp. ("3iQ"), a global pioneer in digital asset investment solutions,, announced today that unitholders of The Bitcoin Fund (the "Fund") who had tendered their Fund units ("Units") for redemption, for cash, in connection with the annual redemption feature of the Fund will be entitled to receive US$109.4753 per Unit, the net asset value per Unit on the annual redemption date of June 16, 2025. Payments will be made on or before July 08, 2025. As previously announced, as of May 15, 2025, being the cut-off date relating to the annual redemption feature of the Fund: 853,854 Units representing 16.28% of the outstanding Units, were surrendered for cash redemption on June 16, 2025. About 3iQ Corp. Founded in 2012, 3iQ is one of the world's leading alternative digital asset managers, pioneering institutional-grade investments. 3iQ launched the world's first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution, offering innovative risk-managed investment solutions to gain exposure to digital assets. 3iQ was also the first to launch a Bitcoin and Ethereum ETP listed on a major global stock exchange, integrate staking into its Ethereum and Solana ETPs boosting investor returns, and offering other regulated ETPs. In 2024, Monex Group, a leading Japanese financial group, took a majority stake in 3iQ. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management. To learn more about 3iQ, visit Press Contact: Pascal St. Jean – President & CEO E: info@ P: +1 (416) 639-2130 Please read the prospectus before investing. Important information about The Bitcoin Fund is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The Funds' securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

This 1 Stock Could be the Future of Crypto and AI in Canada
This 1 Stock Could be the Future of Crypto and AI in Canada

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This 1 Stock Could be the Future of Crypto and AI in Canada

Written by Amy Legate-Wolfe at The Motley Fool Canada Looking for a Canadian stock sitting right at the crossroads of cryptocurrency and artificial intelligence (AI)? Then Hut 8 (TSX:HUT) is one of the most exciting names to watch. It's a Canadian stock that has evolved from a pure-play Bitcoin miner into something much more ambitious. In a market where both crypto and AI continue to dominate headlines, Hut 8 could be a major player. And with the stock trading below all-time highs, there may be a compelling opportunity here for long-term investors. Hut 8 made waves when it merged with U.S. Bitcoin to form a new cross-border mining and infrastructure firm. Now operating as a more diversified company, it's no longer just about mining Bitcoin. It also manages high-performance computing facilities and is investing heavily in powering AI infrastructure. This dual focus could give Hut 8 a unique edge, especially in a Canadian market where few other public companies are positioned in both crypto and AI. As of writing, the Canadian stock trades at around $24.50 per share, with a market cap of $2.6 billion. While it has had a volatile history, recent moves by the Canadian stock suggest it's aiming to become more stable and strategic. In its most recent quarterly earnings report for Q1 2025, Hut 8 posted revenue of US$21.8 million. However, the company also reported a net loss of US$134 million and an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of US$117.7 million. Those numbers may raise eyebrows, but much of the loss was tied to the company's aggressive expansion strategy. This expansion includes building up its power infrastructure to handle high-performance computing for artificial intelligence workloads. Hut 8 reported a 79% quarter-over-quarter increase in hashrate and a 37% improvement in fleet efficiency. It now controls 1,020 megawatts of power capacity and has identified a future pipeline of over 10,800 megawatts. That kind of power isn't just for mining crypto, it's increasingly being used to support AI model training and large-scale data processing. Hut 8 also made a key financial move by renegotiating its Bitcoin-backed credit facility with Coinbase, increasing it from US$65 million to US$130 million. The deal locks in a fixed 9% interest rate and extends the loan maturity to July 2026. It's a non-dilutive financing option that gives the Canadian stock breathing room and capital to continue scaling. The terms also include a no-rehypothecation clause, meaning the Bitcoin used as collateral is protected. That's a smart, strategic way to access cash without putting shareholders at risk of dilution. 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Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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