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Assets

BTCUSD

Macro analyst Jim Bianco warns that Bitcoin ETFs are not driving new adoption, with holders facing $2.2 billion in unrealized losses. Despite initial inflows, the total assets in Bitcoin ETFs have declined, and most investments come from existing market participants rather than new ones.

Portfolio Pulse from Khyathi Dalal

September 09, 2024 | 1:30 pm

AMN

CLS

NVDA

SRTS

Friday's market action saw a significant downturn, affecting both momentum and value stocks. Stocks with high valuation ratings, such as Sensus Healthcare, Celestica, and AMN Healthcare, experienced double-digit drops. The concept of 'margin of safety' was challenged, as even stocks perceived as undervalued suffered losses. Nvidia was highlighted with hedging strategies to mitigate potential losses.

Portfolio Pulse from David Pinsen

September 09, 2024 | 1:27 pm

SBLK

Star Bulk Carriers Corp. has announced the sale of its Capesize vessel, m/v Star Triumph, for $20 million. Additionally, the company has initiated a share repurchase program, buying back approximately 791,015 shares at $20.58 per share, totaling around $16.3 million.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:01 pm

AGRO

Tether has invested $100 million to acquire a 9.8% stake in Adecoagro, marking its first venture into the agricultural sector. This move diversifies Tether's portfolio beyond its existing investments in AI, Bitcoin mining, and digital education. Tether remains a dominant player in the stablecoin market with a market cap over $118 billion.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 12:52 pm

BNRG

Brenmiller Energy has raised $2M through an ATM offering, totaling $10.8M for 2024, and signed a $1.05M private placement deal at a 52% premium. The company plans to avoid ATM sales below $3/share and focus on funding HaaS projects through third-party finance, with a potential $500M pipeline.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:37 pm

KEY

KeyCorp has initiated a strategic repositioning of its available-for-sale investment securities portfolio by selling approximately $7 billion of low-yielding investment securities. This move is expected to result in an after-tax loss of about $700 million in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:26 pm

SLNH

Soluna Holdings, Inc. has entered into a $25 million Standby Equity Purchase Agreement with Yorkville Advisors Global. The initial $10 million draw will be used to repay convertible notes and fund data center projects.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:18 pm

XXII

22nd Century Group has announced an agreement to fund all intellectual property, licensing, and sponsored research payments to Carolina State University through 2025 using equity. This move is likely to impact the company's financials and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:13 pm

VSAT

Viasat, Inc. (NASDAQ:VSAT) plans a private placement of $1.25 billion in Senior Secured Notes due 2029 through its subsidiaries. The proceeds will be used to redeem part of the existing 6.750% Senior Secured Notes due 2026.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:52 am

PBA

Pembina Gas Infrastructure, a joint venture between Pembina Pipeline and KKR, is acquiring midstream assets from Veren Inc. for C$400 million. The acquisition includes oil batteries in the Gold Creek and Karr areas, enhancing PGI's processing capacity.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:13 am