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Mobility

KIDZ AI weighs procuring 500 Tesla robotaxis, but actual adoption unclear

Nasdaq-listed KIDZ AI, whose shares have fallen more than 90 percent over the past year, is reviewing the possibility of adopting 500 Tesla robotaxis, but it is at the stage of an initial procurement inquiry rather than a formal purchase contract. The company said the inquiry is not a binding order or a vehicle allocation and that its business is in the planning and evaluation stage. It said it may drop the plan if it lacks economic viability.

Crypto

Capital B bitcoin holdings up 12 percent but per-share value stalls

French bitcoin treasury company Capital B increased its bitcoin holdings by 12 percent in three weeks, but its diluted satoshis per share were virtually unchanged as its share count expanded by a similar rate. The company raised funds through shares with attached warrants and also uses bitcoin-linked convertible bonds. A 10-for-1 reverse split effective Sept. 8 could further distort per-share metrics. Capital B adopted a bitcoin strategy in November 2024 and reported losses tied largely to bitcoin impairments.

Crypto

Strategy raises $2.01 billion by selling MSTR shares, launches USD Cash for bitcoin treasury

Strategy sold 18.26 million MSTR shares to raise $2.01 billion and created a separate dollar liquidity account, USD Cash, for bitcoin treasury operations. It did not buy or sell bitcoin during the period. The company said USD Cash can be used for bitcoin purchases, preferred dividends and interest, redemptions, and debt repayments. It held 844,407 bitcoin as of Aug. 23, with a book value affected by bitcoin’s price recovery.