Tom Lee’s Bitmine Acquires an Additional $47 Million in ETH, Increasing Its Share to 4.9% of Ethereum Supply
In brief Bitmine owns 6,001,302 ETH, valued around $16.2 billion, which is approximately 4.9% of the total circulating supply. Since June 30, 2025, the company has been purchasing Ethereum weekly, having acquired 17,362 tokens worth roughly $47 million just last week. Over five million of these tokens are currently staked, yielding an annualized rate of […]
Nvidia acquires AI company Hugging Face for an impressive $13 billion
Nvidia is set to purchase Hugging Face, a popular developer platform, for approximately $12.93 billion. This move comes as the tech giant looks to enhance its stake in the thriving market for open-source models, which can compete with those from OpenAI and Anthropic at more affordable prices. This acquisition represents one of Nvidia’s largest deals […]
Anonymous buyer acquires ‘Gus’ the T. rex for a historic $50 million
A Tyrannosaurus fossil, claimed to be among the largest and most complete ever found, was sold for a record $50.1 million on Tuesday. Sotheby’s reported that this 67-million-year-old fossil, named “Gus,” now holds the title for the most expensive dinosaur bones sold at auction, surpassing the nearly $45 million sale of a nearly complete Stegosaurus […]
Airbnb acquires its first office in NYC after years of conflict with local politicians who targeted the platform.
Airbnb Expands into New York City with Office Purchase Airbnb is making a notable move into New York City by acquiring its first office space, despite ongoing conflicts with local authorities regarding short-term rental laws. The company, based in San Francisco, has spent $81.5 million on a historic property located at 281 S. Park Avenue […]
Canada Acquires 12 New Submarines from Germany for Navy Upgrade
Canada Selects ThyssenKrupp Marine Systems for Submarine Project Canada has chosen the German maritime defense company ThyssenKrupp Marine Systems (TKMS) to construct a new fleet of 12 submarines, as announced by Prime Minister Mark Carney on Monday. This contract marks what is said to be the largest defense procurement in Canadian history. It follows a […]
Rocket Lab acquires satellite leader Iridium for $8 billion, preparing for competition with SpaceX.
Rocket Lab is set to acquire Iridium Communications in a deal valued at $8 billion, which combines cash and stock. This acquisition will provide Rocket Lab with a global satellite network and the necessary radio spectrum to better compete against SpaceX, founded by Elon Musk. This transaction is part of a broader trend in the […]
Trump acquires a significant interest in a well-known conveyor sushi restaurant in Los Angeles
President Donald Trump has made a surprising addition to his investment portfolio. He recently acquired shares in Kura Sushi USA, a sushi chain based in Irvine that is known for its conveyor belt dining and robot servers. Financial disclosures released this week indicate that Trump purchased between $1 million and $5 million in stock earlier […]
James Murdoch acquires New York magazine and Vox podcast network
James Murdoch’s Lupa Systems Acquires New York Magazine and Vox Media’s Podcast Network On Wednesday, James Murdoch’s Lupa Systems announced it has finalized a deal to purchase New York Magazine along with Vox Media’s podcast network and the news site Vox.com. Details regarding the sale, which encompasses roughly half of Vox Media, have not been […]
Pershing Square Stock Sees Recovery After Ackman Acquires Shares
(Bloomberg) — Bill Ackman’s new $5 billion exchange-traded fund and his asset management company saw a rebound in their shares the day after their IPO. This happened after Ackman disclosed he invested more of his own finances into the deal. Ackman mentioned on the X platform early Thursday that he purchased 500,000 shares of the […]
Amazon acquires satellite company Globalstar for $11 billion to compete with Elon Musk’s Starlink.
Amazon Acquires Globalstar for $11.57 Billion Amazon revealed on Tuesday that it plans to purchase Globalstar in a deal worth $11.57 billion. This move aims to enhance its growing satellite business and better compete with Elon Musk’s Starlink. Tech companies are directing substantial investments towards the lucrative field of satellite connectivity. However, rival companies are […]