Latest news with #Strike
Yahoo
a day ago
- Yahoo
Sergeant dies from wounds sustained in training accident in Hungary
A 24-year-old Army sergeant died as a result of a training accident near Camp Croft, Hungary, on June 5. Sgt. Aaron Cox, of Mabank, Texas, was an infantryman with the 'Strike' 2nd Mobile Brigade Combat Team, 101st Airborne Division (Air Assault). The sergeant died from wounds sustained during a vehicle accident during preparations for the upcoming Exercise Saber Guardian 25. The accident is under investigation. 'The loss of Sgt. Cox is a tragedy for all of us on the Strike team,' said, Col. Duke Reim, commander, 2MBCT, 101st Airborne Division. 'He was a strong soldier and leader, who quickly rose through the ranks while serving. We are in direct contact with his family, for care and support that they need during this difficult time. We would like to thank our Hungarian Allies for their prompt response and support to our soldiers.' Cox enlisted in 2021 and graduated basic training at Fort Benning, Georgia, before being assigned to the 101st at Fort Campbell, Kentucky, in 2022. The sergeant was a graduate of the Army Basic Leader Course and Combat Lifesaver Course. He previously deployed to Poland. The Hungary deployment was his second deployment. His awards include the Army Achievement Medal with two oak leaf clusters, Army Good Conduct Medal, the National Defense Service Medal, the Global War on Terrorism Service Medal and the Expert Infantryman Badge and Air Assault Badge.
Scoop
6 days ago
- Business
- Scoop
Napier Lotto Player Wins $1 Million
4 June 2025 A lucky Lotto player from Napier will be toasting a special win after winning $1 million with Lotto First Division in tonight's live Lotto draw. The winning ticket was sold on MyLotto to a player from Napier. Powerball was not struck this evening and has rolled over to Saturday night, where the jackpot will be $15 million. Meanwhile, a lucky Strike player will also be celebrating after winning $200,000 with Strike Four. The winning Strike ticket was sold at Pak N Save Riccarton in Christchurch. Anyone who bought their ticket from any of the above stores should check their ticket as soon as possible in-store, on MyLotto, or through the MyLottoApp. Lotto NZ exists to return 100% of its profits to Kiwi communities through lottery grants programmes run by Te Puna Tahua NZ Lottery Grants Board.
Yahoo
30-05-2025
- Business
- Yahoo
MicroStrategy Rises 28% Year to Date: Buy, Sell or Hold the Stock?
MicroStrategy MSTR shares have appreciated 27.9% year to date (YTD), outperforming the Zacks Computer Software industry's rise of 5.9% and the broader Zacks Computer and Technology sector's fall of 1.7%.MicroStrategy is the world's largest Bitcoin treasury company holding 553.555 bitcoins as of April 27, 2025, representing 2.6% of all bitcoins in existence. As of April 28, more than 70 publicly listed companies, including the likes of Marathon Digital MARA, Semler Scientific SMLR and KULR Technology KULR hold 720,728 bitcoins worth $68.5 shares have outperformed Marathon Digital, Semler Scientific and KULR Technology shares, YTD. Marathon Digital, Semler Scientific and KULR Technology shares fell 12.9%, 25.8% and 67.9%, respectively, over the timeframe. Image Source: Zacks Investment Research The stock is currently trading above the 50-day and 200-day moving averages, indicating a bullish trend. Image Source: Zacks Investment Research However, bitcoin's volatility is a headwind for MSTR. Bitcoin is now trading above $105,891, much higher than the $76,000 it registered in early April. As of May 25, 2025, MSTR holds 580,250 bitcoins for a total purchase cost of $40.61 billion at an average price of roughly $69,979. The company benefits from the Trump administration's announcement of the establishment of a strategic Bitcoin reserve. Growing recognition of bitcoin as an asset class has attracted institutional interest, setting the stage for deeper integration of bitcoin into the U.S. financial system. These developments bode well for MicroStrategy's prospectsMSTR benefits from increasing bitcoin yield, 13.7% year to date (as of April 28, 2025), keeping the company on track to reach full year target of 15%, which is now raised to 25% and bitcoin dollar gain target to $15 billion (up from initial target of $10 billion). Bitcoin gains in dollar terms were $4.1 billion in the first quarter of 2025 and $5.8 billion as of April 28, 2025. The company's disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, $0.7 billion each through Strike and Strife).MicroStrategy has issued $20.9 billion in equities and $6.4 billion in fixed income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed income securities and $0.1 million under equities as part of the existing plan. MicroStrategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed income securities remaining to be issued. MicroStrategy is benefiting from growing software subscription revenues that surged 62% year over year to $37.1 million and accounted for 33% of first-quarter 2025 total revenues. Subscription billings grew 38% year over year to $24.5 million. The company benefits from continuing cloud demand with its flagship Strategy One that powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. MicroStrategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across rich partner base that includes the likes of Amazon Web Services, Microsoft, STACKIT, and Google is a growth driver. For second-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 12 cents per share over the past week. The company reported a loss of 76 cents in the year-ago quarter. MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote For 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 41 cents per share over the past week. The company reported a loss of $6.72 per share in 2024. MicroStrategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, MicroStrategy is trading at 3.06X compared with Marathon Digital's 1.38X and Semler Scientific's 2.38X, suggesting a premium valuation. Image Source: Zacks Investment Research Image Source: Zacks Investment Research MicroStrategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is a currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Strike CEO says proof of reserves lending is 'gonna change the world'
During a May 13, 2025 podcast with Natalie Brunell, Strike CEO Jack Mallers introduced the company's new Bitcoin-backed loan product. Strike, Arch, and Nexo are among the companies now offering Bitcoin-backed loans with nearly instant approval. Secured by Bitcoin holdings, these loans reduce lender risk and give borrowers access to cash without a credit check or extensive personal disclosures. This type of lending appeals to Bitcoin holders who are hesitant to sell because they believe in its long-term value or want to avoid triggering a taxable event. Borrowers can use the funds for a variety of purposes, including a home purchase, medical expenses, starting a business, or even acquiring more Bitcoin. It's especially attractive to those who want to keep exposure to Bitcoin while unlocking liquidity. It functions similarly to a home equity loan, in which holders borrow against the value of their Bitcoin without selling it. To get started, users deposit their Bitcoin with the platform or a trusted third-party custodian. Once approved, funds are typically available within minutes and can be used however the borrower chooses. Strike and its competitors partner with capital providers to fund loans, ensuring smooth access to cash backed by digital assets. The loan amount is based on the value of the Bitcoin provided as collateral. Most platforms start with a loan-to-value (LTV) ratio of around 50%, meaning a borrower with $200,000 in Bitcoin could access up to $100,000 in cash. Some lenders offer loans as small as $1,000. Others have no maximum cap, making this an appealing option for both individuals and corporate borrowers. Credit cards typically come with adjustable APRs, fewer flexible terms and limits. Bitcoin-backed lenders offer fixed APRs on 12- to 24-month terms, allowing for predictable repayment plans. As the market matures, borrowers can expect longer terms and lower interest rates. By borrowing against their holdings, users can quickly unlock cash while retaining growth potential, which has historically exceeded the loan's APR. Collateralized Bitcoin lending offers a compelling alternative to traditional credit products. Strike and similar platforms allow Bitcoin holders to unlock liquidity without selling and sacrificing long-term gains. Strike CEO says proof of reserves lending is 'gonna change the world' first appeared on TheStreet on May 29, 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
Scotsman
29-05-2025
- Entertainment
- Scotsman
JK Rowling: New Cormoran Strike novel under Robert Galbraith announced - including release date, plot details
The eighth novel in the Cormoran Strike series, written by JK Rowling under the pseudonym Robert Galbraith, will be published later this year. Sign up to our Arts and Culture newsletter, get the latest news and reviews from our specialist arts writers Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The release date of JK Rowling's new novel in the Cormoran Strike series has been revealed, with the lead characters set to investigate the discovery of a corpse in Freemasons' Hall. Penned under the byline of Robert Galbraith, the eighth book in the Strike series, entitled The Hallmarked Man, will be published on September 2. Advertisement Hide Ad Advertisement Hide Ad Author JK Rowling | Getty Images In the latest novel, detectives Cormoran Strike and Robin Ellacott will be on the case after a dismembered corpse is discovered in the vault of a silver shop. A synopsis of the initial plot details revealed by publisher Sphere Books said: 'The police initially believe it [the body] to be that of a convicted armed robber – but not everyone agrees with that theory. 'One of them is Decima Mullins, who calls on the help of private detective Cormoran Strike as she is certain the body in the silver vault was that of her boyfriend – the father of her newborn baby – who suddenly and mysteriously disappeared. Advertisement Hide Ad Advertisement Hide Ad 'The more Strike and his business partner Robin delve into the case, the more labyrinthine it gets. The silver shop is no ordinary one: it is located beside Freemasons' Hall and specialises in Masonic silverware. And in addition to the armed robber and Decima's boyfriend, it becomes clear that there are other missing men who could fit the profile of the body in the vault. 'As the case becomes ever more complicated and dangerous, Strike faces another quandary. Robin seems increasingly committed to her boyfriend, policeman Ryan Murphy, but the impulse to declare his own feelings for her is becoming stronger than ever.' Galbraith is the pseudonym for Ms Rowling - the author of the hugely-popular Harry Potter Series. Tom Burke and Holliday Grainger star as Cormoran Strike and Robin Ellacott respectively in the Strike TV series Seven books have previously been published in the Strike series, including The Cuckoo's Calling and The Silkworm. The series has been adapted for television, produced by Brontë Film & TV, starring Tom Burke and Holliday Grainger in the leading roles. The series is broadcast by the BBC in the UK.
