Latest news with #River
Yahoo
8 hours ago
- Business
- Yahoo
More Americans Now Hold Bitcoin Than Gold, Report Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Americans may be leaning towards Bitcoin over gold, according to a report by Bitcoin investment firm River. River boiled down the U.S.'s Bitcoin leanings to access and culture. The U.S. leads on several other key Bitcoin metrics. A generational shift may be occurring in how Americans preserve their wealth. In recent years, several Bitcoin proponents have dubbed the asset 'digital gold,' arguing that it has the qualities to become an even better inflation and currency debasement hedge than the physical precious metal. While Bitcoin has yet to trade like a safe haven asset, Americans may be front-running the narrative, according to one recent report. According to a report by Bitcoin investment firm River on Tuesday, more Americans now hold Bitcoin than gold. The report said that 50 million Americans hold the leading cryptocurrency compared to about 37 million who hold the precious metal, citing data from Bitcoin education-focused entity The Nakamoto Project and Gold IRA Guide. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'America's story began with sound money. Hard-working Americans saved their wealth in gold-backed money. Today, Bitcoin carries that torch forward,' River said, sharing the data on X. River confirmed to Benzinga that the data on American Bitcoin ownership was based on a Q3 2024 study by The Nakamoto Project. The firm also said the findings aligned with new data from The Nakamoto Project that it was privy to. The Nakamoto Project teased a 2025 Bitcoin adoption report on Monday. The old study surveyed 3,538 adults across several demographics, finding that most American Bitcoin owners were young males. The yet-to-be-released 2025 report surveyed 3,345 respondents, The Nakamoto Project said on Monday. A teaser from the new report suggests that four in five Americans want some U.S. gold reserves converted to Bitcoin, with younger respondents wanting as much as 30% of the reserves converted. Trending: New to crypto? on Coinbase. This finding is significant as the Trump administration is exploring 'budget-neutral' strategies to fund the U.S.'s Bitcoin reserve. Among the most popular ideas that have been floated is revaluation of the nation's gold certificates. The U.S. holds 8,133 tons of gold that were valued at $42 per ounce in 1973. The country could theoretically unlock fresh liquidity by revaluating this stash at current rates of about $3,300 per ounce. But there are concerns that such a move could impact confidence in the dollar and the stability of the gold market. River in its report boiled down the U.S.'s Bitcoin leanings to access and culture, citing favorable regulatory conditions, little barrier to entry and the idealization of individual investing and financial freedom. Beyond the number of Americans holding Bitcoin, River reported that 40% of the cryptocurrency's supply is owned by Americans, the most of any country. The firm also said the U.S. had 94.8% of the market share of corporate Bitcoin holdings, 65.3% of the share of nation-state holdings, 70% of the share of venture funding, 79.2% of the share of Bitcoin ETFs and 36% of the share of the global hash rate. 'Americans are uniquely positioned to further their economic success and global leadership by embracing their current advantage in Bitcoin adoption,' River said. Read Next: A must-have for all crypto enthusiasts: . Hasbro, MGM, and Skechers trust this AI marketing firm — Image: Shutterstock Send To MSN: 0 This article More Americans Now Hold Bitcoin Than Gold, Report Says originally appeared on
Yahoo
a day ago
- Sport
- Yahoo
🔎 Attention at River, another European giant wants Mastantuono
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. The 17-year-old midfielder is "a priority" for Luis Campos, sporting director of Paris Saint-Germain, according to journalist Florian Mastantuono is one of the great gems of South American football and has started to attract interest from the most important clubs in Europe. At just 17 years old, the River Plate midfielder appears to be a top target for several of the best teams in the world. According to Florian Plettenberg, a Sky Sports journalist who specializes in transfers, Paris Saint-Germain has already started talks to sign Mastantuono, who is under contract with River until December 2026. "PSG has entered the race for the super talented Franco Mastantuono. Talks have already begun," Plettenberg wrote on his 'X' account. 🚨🔵🔴 EXCL | Paris Saint-Germain have entered the race for super talent Franco #Mastantuono!He's on #PSG's shortlist, and talks have already taken place. Luis Campos is a big admirer of 17-year-old midfielder is under contract at River Plate until 2026.@SkySportDE… — Florian Plettenberg (@Plettigoal) May 21, 2025 Luis Campos, sporting director of the Parisian club, who renewed his contract with the institution until 2030, is described as a "big admirer" of the River youngster, who has scored seven goals in 18 matches this season. Mastantuono has become River's top star. He made his debut under Martín Demichelis and has now established himself as one of the key players under Marcelo Gallardo. It is likely that Lionel Scaloni will soon call him up to Argentina's senior national team. There are reports that Real Madrid, Atlético de Madrid, and Manchester United have him on their radar, although none seem as intent on moving quickly as PSG to secure the signing. River Plate faces Universitario of Peru next Tuesday in the final match of the CONMEBOL Libertadores group stage and will play a fixture against San Martín de Tucumán for the Copa Argentina before traveling to the FIFA Club World Cup to be held in the United States. 📸 LUIS ROBAYO - AFP or licensors
Business Mayor
2 days ago
- Business
- Business Mayor
Bitcoin ownership surpasses gold in the US as 50M Americans hold BTC
50 million Americans now own Bitcoin, surpassing 37 million gold holders. US firms hold 94.8% of publicly traded companies' Bitcoin reserves. US leads globally with 40% of all Bitcoin companies headquartered domestically. Bitcoin has officially outpaced gold in US ownership, marking a significant pivot in the country's investment landscape. According to a new report released on 20 May by Bitcoin investment firm River, roughly 50 million Americans now own Bitcoin, compared to 37 million who own gold. This data underscores the rise of Bitcoin as a preferred store of value, reshaping traditional notions of economic security and reserve asset status. As Bitcoin ownership expands, it's increasingly seen not just as a speculative instrument, but as a fundamental part of US financial infrastructure. US leads in global Bitcoin adoption and infrastructure The River report notes that the United States is the global leader in Bitcoin adoption, with 40 percent of all Bitcoin-related companies headquartered in the country. American firms also hold 94.8 percent of all Bitcoin owned by publicly traded companies worldwide, reflecting significant institutional backing. This dominance is supported by a robust ecosystem comprising crypto-focused startups, spot ETF launches, and policies promoting digital asset development. Regulatory momentum in Washington has further strengthened Bitcoin's foundation in the financial system. Recent discussions around treating Bitcoin as a potential strategic reserve asset suggest growing political acceptance. Several politicians have floated the idea of the US government maintaining a Bitcoin reserve, signalling institutional confidence amid rising concerns over the US dollar's long-term stability. Strategic demand rises amid economic uncertainty The shift toward Bitcoin is occurring alongside broader macroeconomic concerns. Moody's recent downgrade of the US credit rating—ending over a century of top-tier ratings—has reinforced the appeal of decentralised alternatives. Read More INX Announces the Listing of $TRUMP, $MELANIA, and Solana (SOL) Investors increasingly view Bitcoin as a hedge against fiscal instability and inflation, particularly given its fixed supply and decentralised governance model. Bitcoin also offers practical advantages over gold in the digital age. The ease of storage, cross-border transfer, and liquidity make it an attractive option for both individual and institutional investors. This is particularly relevant in an era where digital finance is becoming the norm and where traditional safe-haven assets like gold face logistical and accessibility limitations. Rising ownership brings attention to volatility risks While Bitcoin is gaining legitimacy as a reserve asset, it remains a volatile asset class. Unlike gold, which has maintained relatively steady valuations over time, Bitcoin has experienced frequent price swings—something that may deter more risk-averse investors. Nonetheless, the market appears to be increasingly tolerant of this volatility, especially as long-term returns continue to outperform traditional assets. Institutional support also plays a key role in this shift. Major asset managers such as BlackRock are incorporating Bitcoin into their portfolios, further validating its status. Meanwhile, crypto ETFs and custodial services are helping to bridge the gap between traditional finance and the digital asset space, making it easier for Americans to gain exposure to Bitcoin without navigating complex self-custody solutions. As Bitcoin ownership grows, it reflects not just a shift in preference, but a broader transformation in how Americans perceive financial security and resilience. The trend is still developing, but the numbers now place Bitcoin squarely ahead of gold—at least in terms of how many Americans are betting on it.
Business Upturn
3 days ago
- Entertainment
- Business Upturn
Is ‘Firefly' returning for season 3? Everything we know so far
By Aman Shukla Published on May 23, 2025, 18:30 IST Last updated May 23, 2025, 11:04 IST Firefly, the beloved sci-fi western series created by Joss Whedon, has maintained a dedicated fanbase since its single-season run on Fox in 2002. Despite its cancellation after just 14 episodes, the show's cult status, bolstered by the 2005 film Serenity and various comics, keeps fans hopeful for a revival. With rumors of a potential reboot or continuation swirling, particularly after Disney's acquisition of 20th Century Fox in 2019, many are asking: Is Firefly Season 3 happening? Here's everything we know so far about the possibility of a new season. Is Firefly Season 3 Officially in Development? As of May 23, 2025, there is no official confirmation of Firefly Season 3 or a direct continuation of the original series. Potential Storylines for Firefly Season 3 If Firefly Season 3 or a reboot were to happen, several storylines could be explored: The Unification War : A prequel or flashbacks could delve into Mal's experiences during the war, a pivotal event shaping his distrust of the Alliance. River and Simon Tam : The siblings' conflict with the Alliance, particularly River's mysterious past, was only partially resolved in Serenity and could drive new stories. Life on the Fringe : The Firefly universe's gritty, western-inspired frontier offers endless possibilities for new characters or crews facing Alliance oppression. Kaylee and Simon's Future: Staite's idea of Kaylee as a mother could add emotional depth to a continuation. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
3 days ago
- Business
- Yahoo
Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2025 (Unaudited)
MANAGEMENT REPORT Real Estate Development Tallinn During the first quarter of 2025, construction of the final phase of the Kalaranna development (4 buildings, 146 units) reached substantial completion, although some minor finishing works continued into the second quarter. As of the publication of this report, 68 sold apartments have been handed over to buyers, and the overall sales rate has reached nearly 60%. In Kristiine City, we are actively engaged in the design and building permit application process for four different projects submitted to the Tallinn City Planning Department: - "Dunte" - awaiting the issuance of the building permit.- Sammu 2/4 / Sõjakooli 15 - building permit application was submitted in December 2024- Marsi 1 / Sõjakooli 13 - building permit application was submitted in February 2025.- Sammu 3 / Sõjakooli 17 – we are in the design phase and preparing a new concept, alongside an application for a change of use to allow 95% residential and 5% commercial functions. All the above listed projects will add ca 35.000 sqm of GBA with ca 350 units of predominantly residential function (95% residential/5% commercial) to our portfolio in a well-established neighbourhood in Kristiine City. As of Q1 2025, construction of the White Building (91 residential units) in the Uus-Kindrali project, located in Kristiine City at Talli Street 3 / Sammu Street 8, Tallinn, has progressed well. Work on internal partition walls is underway, and finishing works have begun on the lower floors. The project has reached a 57% sellout, with final completion expected in November–December 2025. At the end of Q1, we also started excavation and foundation works for another 7-story residential building with 90 units, located next to the White Building at Sammu Street 10 / Seebi Street 24a, Tallinn. With the initial launch of presales, approximately 11% of units were sold. Riga Following the successful completion of sales in River Breeze Residence at the end of 2024, with all units sold and only two parking spaces remaining, the Group initiated preparations for the next phase of development in Kliversala – the Blue Marine project (101 residential units). During Q1 2025, we took key steps toward launching this new stage. A new construction project manager was hired, and a tender was held among contractors. Based on the outcome, management decided to adopt the in-house construction management model already used in Estonia. Recruitment for the engineering team is ongoing, and groundbreaking is planned for July 2025. At the same time, we have started collecting interest from potential buyers. Vilnius During Q1 we continued the construction of the final stage of Šaltinių Namai Attico with city villas and a commercial building. We are currently at 35% sellout in the villas and 10% in the commercial building while achieving record prices in Vilnius RE market. Regarding construction we are on schedule to achieve substantial completion by the end of 2025. Our latest investment on Naugarduko Street in Vilnius involves transforming a former school into a high-end residential complex. Located on a hill with breathtaking views of Vilnius' Old Town, the development will feature approximately 50 luxury apartments. An architectural competition was carried out for the purpose, and the winning studio has been in the process of designing and carrying out the building permit process with the city. Subject to the issuance of the permit, we plan to start renovation works at the end of 2025. Hotel operations Hotel performance in the first quarter was slightly below last year's level, primarily due to a general decline in individual demand, particularly in February. However, we expect to fully recover this shortfall in the coming period, supported by increasing demand from the MICE segment and a visible rebound in individual travel in the second quarter. We are confident that the property will maintain the positive trends of performance shown in the past years. Other operations The Group holds a majority stake in Preatoni Nuda Proprietà (PNP) and its subsidiary Preatoni Intermediazioni Immobiliari (PII), which continue to strengthen their presence in the Italian real estate market, focusing on bare ownership transactions. Despite the market slowdown in 2024, caused by rising interest rates, confidence in the real estate sector has been gradually recovering, with full market normalization expected by the end of 2025. As in previous years, PII's business activity started slowly in Q1, but since April we have seen a clear increase in momentum, culminating in a historic sales record during the month. A significant brokerage deal is also expected to close in May, which could result in exceeding last year's revenue already by the end of Q2 2025. As for PNP, the company did not engage in any proprietary property trading during the first quarter, however we are currently evaluating new acquisition opportunities to resume trading activities. Conclusion The first quarter of 2025 has marked a solid start across our geographies, despite continued bureaucratic delays and seasonal slowdowns in some areas of our operations. In Tallinn, we made tangible progress both in terms of construction milestones and in expanding our development pipeline within the promising Kristiine City area. Riga has seen renewed momentum with the preparation of the Blue Marine project, where we are applying the successful in-house construction model used in Estonia. In Vilnius, we are achieving record pricing in our flagship project and laying the groundwork for a high-end transformation in Naugarduko Street. Outside the Baltic region, Preatoni Nuda Proprietà and PII are entering 2025 with renewed strength. After a quiet Q1 in Italy, April marked a turning point with historic sales figures, and May promises to exceed last year's total revenue thanks to high-profile deals. Although hotel operations were slightly impacted in February, the outlook for the coming quarters remains positive, supported by rising MICE and individual demand. Overall, the Group remains focused on disciplined execution, strategic development, and value creation. We are well positioned to capitalize on the improving macroeconomic sentiment and deliver strong results throughout the rest of the year. Edoardo PreatoniCEO Key financials The total revenue of the Group in the first quarter of 2025 was 12.5 million euros compared to 3.1 million euros in the first quarter of 2024. The real estate sales revenues are recorded at the point of time when legal title is transferred to the buyer. Therefore, the revenues from sales of real estate depend on the construction cycle and the completion of the residential developments. Revenue from the sale of real estate increased compared to the previous year, as we continued handing over completed apartments in the Kalaranna District, Tallinn, following the initial deliveries that began in December 2024. The lower revenue in the first quarter of 2024 reflects the development cycle, as construction was ongoing and only a limited number of remaining inventory units were available for sale in Riga and Vilnius. The gross profit for the first three months of 2025 increased to 4.2 million euros compared to 0.9 million euros in the same period of 2024. The operating result in the first quarter of 2025 was 2.5 million euros profit comparing to 0.7 million euros loss during the same period in 2024. The net result for the first three months of 2025 was 1.9 million euros profit, comparing to 1.7 million euros loss in the reference period. Cash generated in operating activities during first three months of 2025 was 1.3 million euros comparing to 1.7 million euros used during the same period in 2024. Net assets per share on 31 March 2025 totalled to 0.94 euros compared to 0.95 euros on 31 March 2024. Key performance indicators 2025 3M 2024 3M 2024 12M Revenue, th, EUR 12 450 3 054 18 158 Gross profit, th. EUR 4 207 888 5 423 Gross profit, % 34% 29% 30% Operating result, th. EUR 2 542 -659 123 Operating result, % 20% -22% 1% Net result, th. EUR 1 890 -1 700 -3 875 Net result, % 15% -56% -21% 31.03.2025 31.03.2024 31.12.2024 Total Assets, th. EUR 121 074 105 855 118 758 Total Liabilities, th. EUR 67 963 52 027 67 537 Total Equity, th. EUR 53 111 53 828 51 221 Debt/ Equity * 1,28 0,97 1,32 Return on Assets, % ** 1,7% -1,6% -3,4% Return on Equity, % *** 3,5% -3,1% -7,0% Net asset value per share, EUR **** 0,94 0,95 0,89 *debt / equity = total debt / total equity**return on assets = net profit/loss / total average assets***return on equity = net profit/loss / total average equity ****net asset value per share = net equity / number of shares CONSOLIDATED FINANCIAL STATEMENTS Consolidated interim statement of financial position in thousands of euros 31.03.2025 31.03.2024 31.12.2024 ASSETS Current assets Cash 3 949 8 897 4 344 Current receivables 3 578 1 688 822 Prepaid expenses 0 434 422 Inventories 57 634 39 980 56 951 Total current assets 65 161 50 999 62 539 Non-current assets Non-current receivables 315 22 317 Property, plant and equipment 7 520 7 712 7 595 Right-of-use-assets 449 551 513 Investment property 44 335 40 378 44 210 Goodwill 863 204 863 Intangible assets 2 431 3 654 2 721 Total non-current assets 55 913 52 521 56 219 Assets held for sale 0 2 335 0 Total assets helt for sale 0 2 335 0 TOTAL ASSETS 121 074 105 855 118 758 LIABILITIES AND EQUITY Current liabilities Current debt 17 354 1 733 21 893 Customer advances 8 616 5 602 9 618 Trade and other payables 7 202 6 303 5 600 Tax liabilities 1 171 208 833 Short-term provisions 5 8 24 Total current liabilities 34 348 13 854 37 968 Non-current liabilities Non-current debt 31 466 36 903 27 350 Other long term liabilities 6 2 6 Deferred income tax liabilities 1 950 1 140 2 031 Long-term provisions 193 128 182 Total non-current liabilities 33 615 38 173 29 569 TOTAL LIABILITIES 67 963 52 027 67 537 Equity Share capital in nominal value 11 338 11 338 11 338 Share premium 5 661 5 661 5 661 Statutory reserve 1 134 1 134 1 134 Revaluation reserve 1 977 2 092 1 977 Retained earnings 32 518 32 498 30 523 Total equity attributable to owners of the Company 52 628 52 723 50 633 Non-controlling interest 483 1 105 588 TOTAL EQUITY 53 111 53 828 51 221 TOTAL LIABILITIES AND EQUITY 121 074 105 855 118 758 Consolidated interim statements of comprehensive income in thousands of euros 2025 3M 2024 3M 2024 12M CONTINUING OPERATIONS Operating income Revenue 12 450 3 054 18 158 Cost of goods sold -8 243 -2 166 -12 735 Gross profit 4 207 888 5 423 Marketing expenses -286 -222 -1 136 Administrative expenses -1 326 -1 325 -5 293 Other operating income 12 2 1 164 Other operating expenses -65 -2 -35 Operating profit 2 542 -659 123 Finance income 13 42 123 Finance cost -745 -1 073 -4 276 Profit/ loss before income tax 1 810 -1 690 -4 030 Income tax 80 -10 155 Profit/ loss for the period 1 890 -1 700 -3 875 Attributable to: Equity holders of the parent 1 995 -1 700 -3 675 Non-controlling interest -105 0 -200 Total other comprehensive income Net change in asset revaluation reserve 0 0 -115 Total comprehensive income for the period 1 890 -1 700 -3 990 Attributable to: Equity holders of the parent 1 995 -1 700 -3 790 Non-controlling interest -105 0 -200 Earnings per share (Basic) € 0,04 -0,03 -0,06 The full report can be found in the file attached. Ann-Kristin KuusikCFO+372 614 4920prokapital@ Attachment PKG_Q1_2025_ENGError 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
