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Yahoo
22-07-2025
- Business
- Yahoo
Cathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play
ARK Invest, led by Cathie Wood, has made a major equity investment in BitMine Immersion Technologies Inc. (AMEX:BMNR), acquiring nearly 4.8 million shares valued at $182 million across multiple ARK funds. BitMine confirmed that the net proceeds of $177 million from this transaction will be used exclusively to buy Ethereum (ETH), as the firm pursues its goal of acquiring 5% of the circulating ETH supply. Thomas 'Tom' Lee, Chairman of BitMine's Board of Directors and Head of Research at Fundstrat, lauded Cathie Wood's ARK Invest for taking a substantial stake in BitMine. Also Read: He highlighted her reputation as an early backer of breakthrough investments such as Tesla Inc. (NASDAQ:TSLA) and Bitcoin (CRYPTO: BTC/USD). Wood recently anchored her support behind Circle's (NYSE:CRCL) high-profile IPO under the ticker CRCL. Other major names backing BitMine's Ethereum strategy include Founders Fund, Pantera Capital, Galaxy Digital, Kraken, Digital Currency Group, and the pseudonymous MOZAYYX. Their collective support points to renewed institutional interest in Ethereum as the crypto market gears up for what some believe could be the next bull cycle. The move also reflects what many are calling the 'Peter Thiel effect,' referring to the wave of capital entering Ethereum-related projects following strong signals from influential tech investors. BitMine's decision to allocate its latest raise to Ethereum is a bold signal of confidence in the asset's long-term trajectory. As competition among crypto-focused firms intensifies, strategic backing from high-profile investors like Wood could shape the future of digital asset accumulation. Related ETFs include Grayscale Ethereum Trust (OTCQX:ETHE) and Bitwise Crypto Industry Innovators ETF (NYSE:BITQ). Price Action: BMNR shares are trading higher by 4.08% to $41.19 at last check Tuesday. Read Next:Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Cathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
The Star
21-07-2025
- Business
- The Star
Block jumps after S&P 500 inclusion in new milestone for fintech
FILE PHOTO: A futures-options trader works on the floor at the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York City, U.S., July 17, 2025. REUTERS/Brendan McDermid/File photo (Reuters) -Tech billionaire Jack Dorsey-led Block's shares rose nearly 10% before the bell on Monday after the payments firm was added to the benchmark S&P 500, marking a milestone for the fintech sector. The inclusion cements Block's status as one of the most valuable and influential players in the fintech space, and shows how digital payments and financial apps have moved into the mainstream and disrupted traditional banking models in the U.S. Block -- with a market value of about $44.8 billion -- will replace Hess Corp, following its $55 billion merger with oil major Chevron. The change takes effect before trading begins on Wednesday, S&P Dow Jones Indices said. Shares of a company often rise after being added to the S&P 500 as index-tracking funds are required to add them to their portfolio, boosting demand for the stock. J.P. Morgan estimates that Block's inclusion should drive net indexer demand of 54.2 million shares of the company. "We believe XYZ (Block) deserves a higher multiple given recent momentum around product velocity and marketing efforts, and joining S&P 500 helps." The inclusion boosts Block's profile among institutional investors and signals its growing influence in the U.S. financial sector. Co-founded by Jack Dorsey in 2009 as Square, the company rebranded to Block in 2021 to reflect its broader focus on blockchain technology. Block sits at the intersection of traditional payments and digital assets, with products spanning from point-of-sale systems, peer-to-peer transfers and bitcoin services. Crypto payments have also gained momentum this year and are expected to grow further after U.S. President Donald Trump signed a law on Friday establishing a regulatory framework for dollar-pegged stablecoins, a milestone that could help make digital assets a routine way to pay and transfer money. Block's shares have fallen about 14% so far this year through the previous close, underperforming the S&P 500's roughly 7% gain. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)
Yahoo
11-07-2025
- Business
- Yahoo
Boqii Holding Limited Announces Effectiveness of Substitution Listing and 1-for-160 Reverse Split
SHANGHAI, July 11, 2025 /PRNewswire/ -- As Boqii Holding Limited ("Boqii" or the "Company") (NYSE American: BQ) previously announced, the Company ceased the listing of the American Depositary Shares (the "ADSs") representing its Class A ordinary shares of par value US$0.001 each on the NYSE American LLC ("AMEX") and listed its Class A ordinary shares of a par value of US$0.16 each on a post-reverse stock split basis for trading on AMEX in substitution for the ADSs (the "Substitution Listing"), effective on July 11, 2025 (the "Effective Date"). Immediately following the termination of the ADS Facility and on the Effective Date, the Company implemented a reverse stock split (the "Reverse Split"), pursuant to which every 160 Class A ordinary shares of a par value of US$0.001 each (the "Ordinary Shares") consolidated into one new ordinary share of a par value of US$0.16 each (each, a "New Ordinary Share"). As a result, on the Effective Date, each holder of the Company's Ordinary Shares received one (1) New Ordinary Share, with a par value of US$0.16 each, for every 160 existing Ordinary Shares previously held. Outstanding ADSs were automatically cancelled and exchanged for the corresponding number of New Ordinary Shares at a rate 15/16, or 0.9375 of a New Ordinary Share for each ADS cancelled (the "Mandatory Exchange"). All resulting fractional shares were rounded up to the nearest whole number of shares on the participant level. The New Ordinary Shares commenced trading on AMEX on a post- Reverse Split basis and after the Mandatory Exchange under the symbol "BQ" on July 11, 2025. The new CUSIP number for the New Ordinary Shares is G1311F119. About Boqii Holding Limited Boqii Holding Limited (NYSE American: BQ) is a leading pet-focused platform in China. It is the leading online destination for pet products and supplies in China with a broad selection of high-quality products including global leading brands, local emerging brands, and its own private label, Yoken, Mocare and D-cat, offered at competitive prices. Boqii's online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Its Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission ("SEC"), in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Further information regarding such risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. For investor inquiries, please contact:Boqii Holding LimitedInvestor RelationsTel: +86-21-6882-6051Email: ir@ View original content: SOURCE Boqii Holding Limited
Associated Press
16-06-2025
- Business
- Associated Press
Beyond The Slopes: Perfect Moment's Bold Expansion Moves In Global Luxury
By JE Insights, Benzinga DETROIT, MICHIGAN - June 16, 2025 ( NEWMEDIAWIRE ) - Despite broader economic concerns dominating business headlines, one sector seems to have proven relatively resilient: high-end skiwear and luxury apparel. Driven by robust sentiment among affluent consumers and an expanding demand profile - especially among emerging markets - luxury brands have navigated tricky waters better than many of their more austere competitors. Making strategic moves to capitalize on this trend is luxury ski and activewear brand Perfect Moment Ltd. (AMEX: PMNT). The functional fashion firm is executing an aggressive global expansion plan, primarily through exclusive retail openings and key wholesale partnerships. Fundamentally, the idea is to tap into pockets of growth within a complex ecosystem. As Grand View Research points out, the North American ski apparel market may reach a valuation of $3.06 billion by 2030, implying a compound annual growth rate of 5.3% from 2025. Furthermore, it's not just one region that experts believe will see expansion. According to the same resource, the global ski equipment and gear market size reached $15.9 billion in value in 2023. This industry may expand by a CAGR of 5.4% from 2024 to 2030, potentially culminating in total revenue of $22.9 billion. According to Grand View Research, one global catalyst for the interest in ski-related equipment and apparel is the proliferation of resorts, slopes and related facilities. Stated differently, Perfect Moment isn't just aiming to deliver a better product; rather, it's moving in on burgeoning consumer dynamics. To address behavioral pivots in the market, the company is implementing three growth strategies: retail expansion in elite ski destinations, global wholesale partnerships and a shift toward year-round luxury outerwear. This has been paired with the largest shareholder, founder and Chairman Max Gottschalk buying additional shares in the open market, demonstrating his confidence in the company. Elevating The Luxury Experience Through Destination Retail In December last year, Perfect Moment announced the opening of its first European seasonal store at Kitzbühel, a popular ski resort located in the Austrian Alps. Renowned for its world-class skiing experiences, it draws athletes and enthusiasts from across the globe. Situated at the center of the resort, the Perfect-branded store will offer customers an exclusive luxury ski shopping experience, including special in-store events designed for connecting with the local community, the company said. Company co-founder and creative director Jane Gottschalk expressed the strategic importance of the retail launch, 'The opening of our new store in this awe-inspiring location follows our success in other high-end retail markets. It furthers our exploration of establishing physical retail locations at select luxury destinations—particularly locations that embody our love for skiing and the alpine lifestyle.' In addition to the prime location, Perfect Moment also elevated the interior design of the store - an ode to the brand's core ethos of blending fashion with functionality. As the press release stated, '[s]leek, metallic surfaces evoke the winter season, while soft, textured and translucent elements create a harmonious balance.' As well, red accents punctuate the overall ambiance, reflecting the company's signature color. To be clear, Perfect Moment isn't just launching retail locations for its own sake. As Bain & Company discussed, high-end brands are increasingly investing in seasonal boutiques and curated shopping experiences, thereby fostering exclusivity. Moreover, the expansion into Austria aligns with the company's own successful New York SoHo seasonal store model. Global Expansion And Strategic Market Positioning In early January of this year, Perfect Moment announced that it had partnered with globally renowned sales agencies in a bid to boost brand awareness and expand its international footprint. Per the company's press release, the strategic partnerships may strengthen wholesale distribution across key regions, including Europe and Asia. Additionally, the agencies will seek to expand the company's presence in luxury retailers and exclusive boutiques while complementing Perfect Moment's direct-to-consumer (DTC) pivot. Although the fashion brand reports that it has witnessed significant growth in its e-commerce directive, the wholesale business remains a critical pillar for luxury-focused enterprises. As the industry source The Business of Fashion bluntly pointed out, '[t]he notion that there are wholesale brands and direct-to-consumer brands is dying.' To succeed, the most ambitious companies integrate both models. Fundamentally, as the publication noted, 'the idea of being either a DTC or wholesale brand is being supplanted by the understanding that each channel has its strengths and weaknesses, and that most brands need both to thrive.' Perfect Moment's leadership team understands this development, thereby front-running it by commanding a footprint in both avenues. As for the global expansion initiatives, Southern Europe represents a hub for luxury fashion. As noted in the company's press release, Italy, France and Spain are home to some of the world's most influential fashion retailers and luxury shoppers. Japan is also one of the world's biggest luxury markets, with consumers paying premiums for high-quality craftsmanship and exclusivity. Finally, Perfect is building momentum for the Winter Olympics, set to take place next year. The company is working nonstop on a special collection for the high-profile event, potentially positioning itself favorably. In the last edition of the Winter Olympics, the competition drew more than two billion viewers. Strengthening The Year-Round Luxury Outerwear Market In mid-January, Perfect Moment issued another statement reflecting its global ambitions, partnering with two internationally renowned sales agencies to elevate awareness and lift sales growth in key European markets. Specifically, the agencies will expand Perfect Moment's wholesale distribution to luxury retailers and exclusive boutiques, mirroring the company's concurrent global strategies. However, a key distinction in the announcement is the focus on perennial demand. As industry publication DC Fashion Week noted, designer jackets are no longer relegated to outerwear driven by seasonal necessity. Instead, such attire now represents statement pieces. Responding to this consumer pivot, some luxury brands have adapted to this trend, delivering expressive products that are also functional. Naturally, this behavioral shift aligns with Perfect Moment's form-meets-functionality ethos. Perfect Moment has zeroed in on the DACH countries (Germany, Austria and Switzerland) for its European expansion. Perfect Moment notes that these nations benefit from a consumer base with a relatively high disposable income and strong winter sports cultures. Perfect Moment is also expanding into Benelux, a politico-economic union comprising Belgium, the Netherlands and Luxembourg. Similar to consumers in the DACH region, Benelux buyers have an affinity toward high-end, technical outerwear. With their higher-income base, Perfect Moment reports that the region's customers are fashion-forward, and are willing to pay a premium for quality, purpose-driven attire. Perfectly Timed: Expanding Luxury With Precision Perfect Moment is capitalizing on anticipated sustained strength in the luxury apparel market by executing a calculated expansion strategy across retail and wholesale channels. Through exclusive retail openings in premier ski destinations, the company is reinforcing its presence in high-profile luxury hubs while enhancing brand exclusivity. Simultaneously, Perfect Moment is broadening its international reach by securing key partnerships in Europe and Asia, ensuring that its designs are positioned within high-end retailers and boutiques that cater to affluent, fashion-conscious consumers. Beyond traditional ski apparel, the company is actively helping shape the evolving luxury outerwear market. With demand for premium jackets and performance-driven fashion rising beyond seasonal constraints, Perfect Moment is expanding into high-value regions where technical craftsmanship and statement fashion pieces resonate with discerning buyers. By balancing retail expansion with strategic wholesale partnerships, the brand is embedding itself deeper into the global luxury ecosystem, potentially strengthening its foothold in a competitive but lucrative industry. Featured image byCanvaonPixabay. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. This content was originallypublished on further disclosureshere. View the original release on
Yahoo
29-05-2025
- Business
- Yahoo
Will Uranium Energy Corporation (UEC) Benefit from Uranium Market Dynamics?
Maple Tree Capital, an investment management company, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. Q1 2025 saw a strong start but turned sour due to tariff concerns and macroeconomic fears, leading to a sharp market pullback, with the Nasdaq falling nearly 22% from its highs and the S&P 500 down 20%. Despite the challenges, the firm made significant progress this quarter by averaging in the top-conviction stocks, utilizing covered calls, and exercising patience. Maple's growth-oriented fund, Jonagold, has become a standout performer, greatly surpassing all major benchmarks since its launch in 2023. While Heartwood is still facing difficulties. Maple Tree Capital's Jonagold returned -13.64% in Q1 compared to the Nasdaq's -10.26% return and the Russel 2000's -9.48% return. Maple Tree Capital's Heartwood returned -18.04% in Q1 vs. the S&P 500's -4.27% and the Dow Jones' -0.87% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Maple Tree Capital highlighted stocks such as Uranium Energy Corp. (AMEX:UEC). Uranium Energy Corp. (AMEX:UEC) engages in the exploration and processing of uranium and titanium concentrates properties. The one-month return of Uranium Energy Corp. (AMEX:UEC) was 19.73%, and its shares lost 13.20% of their value over the past 52 weeks. On May 28, 2025, Uranium Energy Corp. (AMEX:UEC) closed at $6.31 per share, with a market capitalization of $2.71 billion. Maple Tree Capital stated the following regarding Uranium Energy Corp. (AMEX:UEC) in its Q1 2025 investor letter: "Uranium Energy Corp. (AMEX:UEC): As we write this, President Trump just signed an executive order suggesting the use of coal to power the energy needs of data centers. Just today - uranium imports from China were also restricted. UEC stands alone as the only American uranium energy company that has the potential to be a leader in powering the nuclear energy needs of America. UEC currently trades as a proxy to Uranium's spot price, but once a clear use case becomes more evident, the market should appreciate the infrastructure and pipelines they have developed." A mining worker in a hard hat and coveralls hammering away at the uranium rich walls of the mine. Uranium Energy Corp. (AMEX:UEC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Uranium Energy Corp. (AMEX:UEC) at the end of the first quarter, which was 34 in the previous quarter. While we acknowledge the potential of Uranium Energy Corp. (AMEX:UEC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Uranium Energy Corp. (AMEX:UEC) and shared the list of best growth stocks under $10 to buy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. 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
