Michael Saylor's Strategy Raises $42 Billion for Bitcoin
Michael Saylor’s Strategy Inc. has announced a $42 billion capital raise to enhance its Bitcoin buying strategy, consisting of $21 billion in Class A common stock and $21 billion in Variable Rate Series A Perpetual Stretch Preferred Stock. The company plans to gradually sell these shares on the open market, utilizing a newly introduced $2.1 billion at-the-market program for its preferred stock. As of March 22, Strategy holds 762,099 bitcoins, having purchased an additional 1,031 coins last week.
Estée Lauder in talks to merge with Puig
Estée Lauder is in negotiations to merge with Puig, the Spanish owner of brands like Jean Paul Gaultier and Carolina Herrera, potentially creating a $40 billion beauty conglomerate. The deal would combine Estée Lauder's portfolio, which includes Clinique and Tom Ford, with Puig's offerings, as both companies seek to strengthen their position in a slowing global fragrance market. Following the announcement, Estée Lauder's shares fell approximately 8%, reflecting investor concerns amid ongoing challenges in consumer demand.
SK Hynix to invest $7.9 billion in ASML equipment
SK Hynix Inc. plans to invest approximately 11.95 trillion won ($7.9 billion) in advanced extreme ultraviolet lithography equipment from ASML Holding NV to bolster its production capabilities for next-generation memory. This acquisition, which represents 9.97% of the company's total assets as of the end of 2024, aims to address rising demand for AI memory and general-purpose DRAM, with the transaction expected to span two years through December 2027.
Hedge Funds Shift Focus to Europe, Short U.S. Stocks
Hedge funds have increased their bets against U.S. stocks while shifting focus to European markets, according to a Goldman Sachs report. Last week marked the largest net selling of global stocks since April 2025, with hedge funds shorting equities for the fifth consecutive week amid concerns over the U.S. economy and rising bond yields. The report noted that most global sectors were net sold, except for consumer staples and energy stocks, where hedge funds maintained long positions.
Nvidia and Emerald AI Partner with Energy Firms for AI Factories
Nvidia and Emerald AI have partnered with major U.S. energy companies, including AES, Constellation, Invenergy, NextEra Energy, and Vistra, to develop a new class of AI factories designed to operate as flexible energy assets that can adjust power consumption and connect to the grid more efficiently. These facilities will utilize Nvidia's Vera Rubin DSX AI Factory reference design and Emerald AI's Conductor platform to enhance grid responsiveness and support reliability, potentially unlocking up to 100 gigawatts of capacity across the U.S. power system.
TotalEnergies Abandons US Offshore Wind for Fossil Fuels
TotalEnergies has agreed to abandon its offshore wind projects in the United States, signing an agreement with the Trump administration worth nearly $1 billion to redirect its investment into fossil fuel initiatives. The deal, announced by US Interior Secretary Doug Burgum alongside TotalEnergies CEO Patrick Pouyanné, will see the company shift its $928 million investment from two wind farm leases off the coasts of North Carolina and New York towards the construction of a liquefied natural gas plant in Texas. This move reflects the Trump administration's ongoing opposition to renewable energy, particularly offshore wind.
Revolut posts record £1.7 billion pretax profit for 2025
Revolut reported a record pretax profit of £1.7 billion for 2025, a 57% increase from £1.09 billion in 2024, driven by a 46% rise in revenue to $6 billion. The fintech company, which now has 68.3 million retail customers following a 30% increase, attributed its growth to strong performance in card payments and interest income, each contributing $1.3 billion to total revenue. Cofounder and CEO Nik Storonsky stated that the company is transitioning into a global bank and is focused on further expansion.
