Latest news with #USSecuritiesandExchangeCommission
Bloomberg
6 hours ago
- Business
- Bloomberg
AI Infrastructure Firm Whitefiber Seeks $132.8 Million in IPO
Whitefiber Inc., an artificial intelligence infrastructure subsidiary of crypto treasury firm Bit Digital Inc., is seeking to raise as much as $132.8 million in an initial public offering. The New York-based company plans to market 7.8 million shares for $15 to $17 each, according to its filing Tuesday with the US Securities and Exchange Commission.
Time of India
10 hours ago
- Business
- Time of India
Nvidia CEO Jensen Huang sells 202,797 company shares under a pre-arranged ...
Nvidia CEO Jensen Huang has recently sold 202,797 shares of the company's stock worth approximately $39 million. According to the filings with the US Securities and Exchange Commission (SEC) the transactions were executed between July 24 to July 28. The shares were sold at prices ranging from $172.07 to $176.37, near Nvidia's 52-week high of $177. Despite this sale of stock, Huang still owns more than 73.8 million shares of the company. This recent sale of stock by Huang is part of a prearranged 10b5-1 trading plan which was adopted by the Nvidia CEO in March this year. The trading plan is created to allow company insiders to sell shares without facing any accusations of insider trading. The sale is said to be a part of a planned disinvestment strategy by Huang. However, the key to understanding these sales lies in the nature of a Rule 10b5-1 plan. Explained: What is is a rule 10b5-1 trading plan The rule 10b5-1 is a regulation created by the U.S. Securities and Exchange Commission (SEC). The rule enables the corporate insiders to sell company shares via a predefined trading plan. It also acts as an affirmative defense against the charges of insider trading. How the plan works - Pre-planned transitions: The plan enable the insiders to establish a written trading plan at a time when they are not in possession of material non-public information (MNPI) about their company. - Specific parameters: The plan must also reveal the amount, price and date of trades or include a formula for determining them. - No discretion: Once the plan is established, after the insider cannot exercise any influence over the trades. The transactions are they automatically executed as per the pre-set schedule. - Transparency: These trading plans are disclosed publicly via the SEC filings in order to provide transparency to the market. The main objective of the rule 10b5-1 trading plan is to enable insiders to diversify their portfolios, manage liquidity and meet personal financial obligations. So, in case of Nvidia CEO selling stocks under a Rule 10b5-1 plan suggest that these transactions were scheduled well in advance before the recent market developments or company-specific news. Nvidia CEO Jensen Huang sells $36.4 million in stock This is the second time in July that Nvidia CEO Jensen Huang sold the company stocks. Earlier in July, Huang sold 225,000 shares of company stock worth around $36.4 million. According to the recent filings with the US Securities and Exchange Commission (SEC), the transactions were executed between July 8 and July 10. This transaction made by Huang follows the previous batch of stock which he sold in June this year. Last month Huang offloaded 1,00,000 shares in the span of two days. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
7 days ago
- Business
- Economic Times
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
Michael Saylor's Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company's latest purchase of the original cryptocurrency. ADVERTISEMENT The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Strategy said separately Monday that it planned to offer 5 million of variable-rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 days ago
- Business
- Time of India
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
Michael Saylor's Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company 's latest purchase of the original cryptocurrency . The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Product Management Finance CXO Operations Management MCA Others Healthcare MBA others Management Technology Cybersecurity Data Science Digital Marketing Data Science Project Management Artificial Intelligence Public Policy Design Thinking Data Analytics Leadership PGDM Degree Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 15.58% Buy DeFi Tracker 11.00% Buy Crypto Blue Chip - 5 7.78% Buy AI Tracker 6.81% Buy Web3 Tracker 3.48% Buy TOP COINS (₹) BNB 68,682 ( 3.52% ) Buy Bitcoin 10,319,321 ( 1.58% ) Buy Tether 86 ( 0.11% ) Buy XRP 304 ( -0.87% ) Buy Ethereum 322,583 ( -1.33% ) Buy While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Strategy said separately Monday that it planned to offer 5 million of variable-rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. Live Events The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%.
AU Financial Review
22-07-2025
- Business
- AU Financial Review
Telix subpoenaed by US regulator over cancer therapy
Cancer diagnostic giant Telix Pharmaceuticals says the US Securities and Exchange Commission had issued it with a subpoena seeking information about disclosure related to the development of the company's prostate cancer therapies. Melbourne-based Telix said on Tuesday it had notified the Australian Securities and Investments Commission about the subpoena, which it called a 'fact-finding request'.
