MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing

James G. Cole

MicroStrategy, the largest institutional Bitcoin (BTC) buyer, entered an agreement with two agents — Cowen and Company and BTIG — to sell its aggregated class A common stock worth $500,000,000, reveals United States Securities and Exchange Commission (SEC) filing. MicroStrategy, co-founded by Bitcoin bull Michael Saylor, amassed approximately 129,699 BTC […]

Danfoss Raises Outlook After +50% Sales Growth

James G. Cole

Sales grew 50% including the 2021 acquisition of Eaton’s hydraulics business, reaching EUR 4.9 billion. Organic growth was 13%. Operating profits (EBITA) increased by 27%. Growth momentum continued despite high inflation, ongoing supply chain disruptions, exit from Russia, and COVID-19 lockdowns in China. Semikron Danfoss transaction closed in August, building […]