Now, this modest uptick might be attributed to the Solana [SOL] launchpad Bonk.fun, which has announced that a whopping 51% of the fees will be used to buy back BONK, up from the previous 10%. Jolly good show, but will it be enough to save the day? 🤔
The SEC filing, a document as dry as the Sahara yet as consequential as a psalm, revealed that Harvey Partners had increased its Gentherm stake during the third quarter. By September 30, the fund held 1 million shares, valued at $34.9 million. One might ask: what madness drives a man to purchase stocks in a sinking ship? Or perhaps, what madness drives a man to believe the ship can still sail?
ПОДПИСАТЬСЯ НА КАНАЛ
Artificial intelligence (AI) tokens-the crypto world’s attempt to marry blockchain with sentient machines-are currently performing like a breakup playlist at a wedding. 🤖💔 Every major project’s numbers look like my bank account after Black Friday: down, down, and down some more. Sure, bitcoin crawled back to $91K like a cocky ex who thinks they’re still welcome, but the AI crew? Still licking their wounds in the red zone.
Consider the First Trust Rising Dividend Achievers ETF (RDVY). It’s not flashy. It doesn’t wear a cape or scream “I’m the future!” Instead, it hums along like a well-oiled dividend machine. At twelve years old, this ETF has aged like a fine wine-assuming the wine was a bit more conservative and less prone to corking disasters. Still, the numbers don’t lie. $18.21 billion under management. A track record that outpaces many of its peers. Not bad for a fund that refuses to play dress-up in the AI ballroom.
On November 14, Newtyn bled out its 3.5% position in MRP, 807,135 shares. The math said $23 million. The silence after the trade was louder than a forgotten tomb.
Buffett, the enigmatic figure at the helm of Berkshire Hathaway, has engaged in a systematic, unrelenting sale of equities for twelve consecutive quarters, a maneuver that defies precedent and signals an unsettling undercurrent in the financial cosmos. This is not a mere fluctuation but a calculated withdrawal, a retreat into the unknown, as if the very act of selling were a ritual to ward off some indistinct, encroaching malady.
Now, the U.S. Securities and Exchange Commission, that grand keeper of ledgers, scribbled this tale into its books on November 14. Tensile, with $800.4 million in U.S. equity chips stacked on the table, plunked down a fresh wager on Champion Homes-a company that builds houses faster than a barn-raiser’s hammer flies. Their 2.9% stake, valued at $23.5 million as of September’s end, sits nestled among heavier hitters like Verisk Analytics and Dick’s Sporting Goods. A curious bedfellow for a retailer of shotguns and fishing gear, don’t you think?
Not surprisingly, the company’s social media team is now in the hot seat, trying to explain that they’re just mindlessly typing away and not secretly orchestrating a meme coin empire. Because that would be so like a big, kind-hearted crypto giant to just randomly inspire a bunch of small-time scammers.
Imagine the scene: a modest office, papers strewn about as the world’s wealth accumulates on invisible digital sheets. Tensile Capital has made its move-an addition to its portfolio that constitutes a mere 2.2% of its reported U.S. equity AUM as of September 30. A trifling amount, perhaps, but in the world of finance, every detail counts. They now hold this share in the company with all the gravity of a minor bureaucratic victory. And yet, one cannot ignore the deeper implications of this action.