Latest news with #AustinKing
Business Wire
5 days ago
- Business
- Business Wire
Steel River Soars to #366 on the 2025 Inc. 5000 List
MODESTO, Calif.--(BUSINESS WIRE)--Steel River is proud to announce its remarkable ascent to #366 on the 2025 Inc. 5000 list, recognizing America's fastest-growing private companies. This dramatic jump from last year's ranking of #1,049 reflects Steel River's long-term vision of building a world-class team dedicated to safety, excellence, and customer service. At the core of Steel River's growth is its 'technician-first' mentality. Steel River's top priority is the safety, support, and development of its team. With over 400 employees across more than 30 offices serving customers nationwide, Steel River fosters a culture where employee empowerment and operational excellence drive performance. 'Recognition like this is a testament to the hard work and contributions from our amazing team, and that our focus on safety, people, and our customers, is the right path,' said Eric Factor, CEO of Steel River. 'As we say internally, we are not in the crane business – we are in the people business. We're building for the long haul, and our goal is to be the best crane company, not the biggest. And that starts with having the best safety culture, and the best team.' Over the past year, Steel River has expanded into new markets including Pennsylvania, Michigan, Kansas, Arkansas, and West Texas, while strengthening its service capabilities and manufacturing operations. These investments enable faster response times, superior service delivery, and a stronger nationwide presence — all while keeping the safety and well-being of employees at the forefront. 'Earning a place on the Inc. 5000 list two years in a row — and moving up nearly 700 spots — is proof that when you invest in your people and focus relentlessly on your customers, growth follows naturally,' said Austin King, Executive Chairman of Steel River. 'Our mission remains clear: be the best, not the biggest.' About Steel River Steel River is the parent brand of CraneTech and the North American Crane Bureau, industry leaders in the crane maintenance, manufacturing, and training industries. Steel River is driving innovation and positive change in the crane industry and surrounding communities. Focused on supporting America's critical infrastructure, Steel River aims to provide a world-class home for skilled workers and set a new standard in industrial services. To learn more about Steel River, visit About CraneTech CraneTech Inc. is a leading provider of crane and lifting solutions, offering a comprehensive range of services including inspections, maintenance, repairs, equipment sales, and training for clients across the United States. Since 2004, CraneTech has built a reputation for safety, technical excellence, and reliability, serving customers in diverse industries with over 30 offices nationwide. By combining expert technical knowledge with a customer-centric approach, CraneTech empowers clients to maximize productivity, maintain compliance, and operate safely. Its dedication to employee training, innovative solutions, and superior service has catapulted CraneTech onto the national stage.
Forbes
21-05-2025
- Business
- Forbes
Bitcoin Hits Record After ‘Three Structural Tailwinds' Converge
Bitcoin prices notched their latest record high today. Bitcoin prices shot higher today, climbing to a fresh, all-time high close to $110,000 after 'three structural tailwinds' came together to drive the digital currency higher, stated analyst Austin King. The cryptocurrency reached almost $109,900 today, according to Coinbase data from TradingView. 'Bitcoin's push through the $109K mark isn't a speculative blip—it's the culmination of three structural tailwinds converging at once,' King, the cofounder of Omni Network, stated via email. 'First, record-setting demand from U.S. spot ETFs is absorbing supply faster than miners can create it after last year's halving, with BlackRock's IBIT logging a 20-day inflow streak and total ETF inflows topping $3B in May alone,' he noted. 'Second, policymakers are shifting from hostility to embrace: the Senate's bipartisan GENIUS stablecoin bill and Texas' move toward a state-level Strategic Bitcoin Reserve both widen the regulatory aperture and give institutions the confidence to allocate,' King continued. 'Third, a renewed bid for inflation hedges is pulling in large allocators—Blackstone just made its first ETF purchase—while everyday investors look for protection against sticky price pressures,' the market observer indicated, providing the third structural tailwind. King was certainly not alone when highlighting the intense desire that investors have had for bitcoin as of late, as Julio Moreno, head of research for CryptoQuant, provided hard evidence of this demand. 'I would say that Prices reached a fresh all-time high amid the ongoing growth in spot Bitcoin demand by US investors. This is evident in the positive Coinbase Bitcoin price premium,' he stated via Telegram. The chart below illustrates how this indicator has risen in recent weeks: Bitcoin's Coinbase Premium Index over the last few weeks Moreno provided additional data, stating that 'the total balance of large Bitcoin investors/holders (whales) has climbed to 3.57 million Bitcoin, approaching the record high of 3.75 million reached in February 2021," defining a whale as an investor with at least 1,000 units of bitcoin. 'This also indicates that there's growing demand from large investors.' The chart below illustrates how this figure (the total bitcoin held by these investors) has pushed higher over the last year or so: Total number of so-called whales (investors with at least 1,000 units of bitcoin). Speaking of whales, Ben Kurland, CEO at crypto research platform DYOR, weighed in on how institutional investors are becoming increasingly involved in the space. 'Bitcoin just printed a new all-time high, and it didn't ask for permission. This is what institutional adoption looks like: steady, relentless, and inevitable,' he said via email. 'The market is no longer driven by hype alone; it's being driven by conviction and deep pockets. But this isn't just a price milestone. It's a credibility milestone," Kurland added. Elaborating on this last point, he noted that 'Hitting a new all time high (especially in the wake of decoupling from the traditional markets) shows Bitcoin has earned its place as a credible part of the global financial system.' Kurland elaborated on what all this means for the world's most prominent digital asset. 'Bitcoin has now weathered more than a decade of volatility, regulation, and skepticism, and emerged stronger each time. The narrative is shifting from speculation to staying power, and that shift is exactly what's fueling this breakout."
