Michael Saylor’s Strategy made a fresh $472.5 million investment in Bitcoin to see total holdings cross 600,000 BTC as the cryptocurrency surged past new highs. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the past week as BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from about $108,000 on July 7 to $118,000 by the end of the week, according to CoinGecko. Read more
Montecristo Retail RO SRL, which operates the Kenvelo, Lee Cooper and Timeout store chain in Romania, has gone insolvent, as decided by the Ilfov Court of Law.
“When our boats are stranded onshore, our kitchens remain empty,” says Lateefa Nasir. “My children haven’t been to school for a month and we live on loans now.” Nasir is a member and beneficiary of the Ormara Cooperative Society, a local NGO advocating for the improvement of fishers’ livelihoods and welfare. She and her family live in Ormara, a town in Gwadar district, along the coast of Pakistan’s south-western Balochistan province. Her husband is a fisher and like many fishing households in the area they are in crisis due to the Iran-Israel conflict. The war has led Pakistan to close its border with Iran, disrupting both the inflow of fuel and the export of fish. This double blow has crippled fishing communities already suffering from the impacts of climate change and overfishing. Balochistan boasts an approximately 770-kilometre coastline along the Arabian Sea which plays a significant role in the country’s fisheries. Allaudin Kakkar, a senior official from the Balochistan Fisheries and Coastal Development...