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Industry
Mara bitcoin miner pursues purchase of Texas power site to accelerate AI expansion
Mara Holdings shares rose about 15 percent early after it announced plans to buy a Texas power site to expand digital infrastructure for AI computing and bitcoin mining. The site is a 1,200-acre tract in Matagorda County with access rights of up to 2 gigawatts, with an initial 1 gigawatt expected by October 2027. Mara said the project is early-stage and subject to regulatory approvals, with phased construction over several years.
Crypto
Strive buys 759 more bitcoin, taking holdings to 19,864 BTC
Asset manager Strive bought an additional 759 bitcoin for $50 million, taking its total holdings to 19,864 BTC. The company bought the coins from June 15 to 21 at an average of $65,850 each, as confirmed in a Form 8-K disclosed on June 22. Strive funds purchases through perpetual preferred shares called SATA, which pay daily dividends at an annual rate of about 13 percent.
Crypto
SpaceX joins race as U.S. listed firms net buy 43,557 bitcoin in May
A competition among listed companies to hold bitcoin on their balance sheets continued in May, with firms sustaining large purchases despite bitcoin trading about 42 percent below its record high. Based on a BitcoinTreasuries.net corporate adoption report, listed firms added or newly disclosed 51,045 BTC in May, with net growth of 43,557 BTC after sales. The value was about $3.2 billion at the May 31 close. Strategy bought the most, while SpaceX drew attention by disclosing 18,712 BTC ahead of a planned IPO on June 12.
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Crypto
Strive says it could buy 175,000 more bitcoin, funding pace is key
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Crypto
Strive buys 444 more bitcoin, holdings top 15,000
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Crypto
European companies\' bitcoin treasury strategies take local approach, making Strategy model hard to copy
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Crypto
Bitfarms to sell all bitcoin holdings as it shifts to AI business