Existing investors like ARK Invest and BlackRock will maintain their stakes, with additional investment from a $225 million PIPE financing round.
The Wall Street broker said Hut 8’s shift to energy infrastructure from bitcoin mining makes it a unique bet on AI, HPC and future power-hungry technologies.
The payments firm’s platform, developed with AvaCloud, aims to help banks, corporates issue and settle stablecoins and tokenized assets.
Crypto markets paused after Monday’s surge, with bitcoin steady near $114,500 and ether slipping slightly. Hedera’s HBAR led altcoin gains.
The move positions the company to scale its regulated platform across securities, real estate and digital assets as tokenization gains mainstream momentum.
A “cheap” valuation coupled with a tweet from a well-followed investor and a firming in the price of bitcoin set off the fireworks in the stock.
Bitcoin Cash (BCH) surged 12.7% and Aptos (APT) gained 6.5%, leading the index higher over the weekend.
The token has support in the $3.48-$3.485 zone and resistance at $3.60.
Crypto markets rallied Monday ahead of the Federal Reserve’s upcoming rate decision, with bitcoin and ether leading gains.
Sal Gilbertie says hundreds of millions of dollars arrived in about 16 weeks, credits the XRP Army for fast traction and forecasts a broad crypto ETF wave.
That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.
Gold, traditionally seen as an inflation hedge, also shows inconsistent and often negative correlations with inflation, the data shows.