--- title: "USD 172.5M Raised and Massive Ethereum Buys: Broad US Equities Accelerate Capital Shifts" type: "News" locale: "en" url: "https://longbridge.com/en/news/292142638.md" description: "Multiple US firms are executing aggressive capital reallocations. SpyGlass Pharma secured a USD 172.5M IPO, while Bit Digital pivoted hard into Ethereum staking and AI infrastructure. Concurrently, distressed players like Scorpius Holdings are offloading assets to survive. Q1 disclosures indicate a sector-wide urgency to restructure." datetime: "2026-07-09T03:32:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292142638.md) - [en](https://longbridge.com/en/news/292142638.md) - [zh-HK](https://longbridge.com/zh-HK/news/292142638.md) --- # USD 172.5M Raised and Massive Ethereum Buys: Broad US Equities Accelerate Capital Shifts Broad US equities are seeing a wave of capital restructuring and strategic pivots, with companies across biotechnology, cybersecurity, and digital assets reporting major balance sheet adjustments in their Q1 2026 filings, according to regulatory disclosures and industry data. ### Virtus Investment Partners (VRTS.US) Virtus Investment Partners (VRTS.US) reported **USD 5.8B** in total sales for Q1 2026, with assets under management landing at **USD 149B**. Adjusted EPS came in at **USD 5.38**. The company is targeting further growth through its newly launched small-mid cap growth and real estate income ETFs. According to people familiar with the matter, recent minority stake investments are expected to bolster its non-affiliated manager network later this year, keeping its recent market performance robust against peers. ### OneSpan (OSPN.US) OneSpan (OSPN.US) posted strong Q1 2026 results, with annualized recurring revenue (ARR) climbing **14%** year-over-year to **USD 192.1M**. The cybersecurity firm saw its subscription revenue rise **8%** to **USD 52.7M**. Following its acquisition of Nok Nok Labs, the company is nearing a broader rollout of its passwordless authentication solutions. Management is targeting improved full-year profitability as subscription margins expand. ### Bit Digital (BTBT.US) Bit Digital (BTBT.US) is aggressively pivoting away from legacy Bitcoin mining toward Ethereum staking and high-performance computing (HPC). The firm purchased **USD 20M** worth of Ethereum in May 2026, bringing its total holdings to over **155,000 ETH** by the end of Q1. First-quarter total revenue was **USD 27.9M**. The CEO noted that capital is being rapidly reallocated to higher-return AI infrastructure segments. ### CASI Pharmaceuticals (CASI.US) CASI Pharmaceuticals (CASI.US) has shifted its primary focus to organ transplant therapies. In early 2026, China's NMPA cleared its lead monoclonal antibody, CID-103, for Phase 1/2 trials. While Q1 2025 revenue surged **82%** to **USD 6.2M**, the company is actively working to resolve a Nasdaq delisting notice related to its minimum market cap requirements. ### Scorpius Holdings (SCPX.US) Scorpius Holdings (SCPX.US) completed a massive asset divestiture, selling substantially all personal property to Velocity Bioworks for **USD 16.3M**. The firm reported a mere **USD 900K** in Q3 2024 revenue and recently received a delisting notice from the NYSE American. The company is currently undergoing an intensive internal restructuring process to preserve remaining value. ### SpyGlass Pharma (SGP.US) SpyGlass Pharma (SGP.US) is well-capitalized for its Phase 3 trials following a highly successful **USD 172.5M** IPO in February 2026. Cash reserves expanded to **USD 251M** by mid-May. The firm recently secured a new Category III CPT code for its BIM-IOL drug delivery system, marking a crucial regulatory milestone as it targets a commercial launch in the glaucoma market. ### Battalion Oil (BATL.US) Battalion Oil (BATL.US) announced a comprehensive refinancing effort in July 2026, signing an amended and restated credit agreement. The energy producer is targeting an accelerated drilling program in the Monument Draw area, signing a joint development pact for up to **eight** wells. This follows earlier asset sales as the firm focuses on core Delaware Basin operations. ### Karman Holdings (KRMN.US) Karman Holdings (KRMN.US) has remained largely quiet on the strategic front amidst broader market reshuffling. The holding entity is yet to announce its next major capital deployment, with its market action tracking closely with general sector trends in recent sessions. ### Apollo Global Management (APO-A.US) Apollo Global Management 6.75% CONV PFD STK SER A (APO-A.US) continues to serve as a yield anchor for institutional investors navigating current volatility. The instrument has seen steady demand as funds seek downside protection against fluctuating benchmark rates. ### Metalpha Technology (MATH.US) As digital asset strategies evolve, Metalpha Technology (MATH.US) is recalibrating its crypto wealth management and derivatives offerings. The firm is closely monitoring institutional capital flows, facing a landscape where competitors are increasingly shifting resources into direct staking and AI computing verticals. _This article does not constitute investment advice._ ### Related Stocks - [VRTS.US](https://longbridge.com/en/quote/VRTS.US.md) - [OSPN.US](https://longbridge.com/en/quote/OSPN.US.md) - [BTBT.US](https://longbridge.com/en/quote/BTBT.US.md) - [CASI.US](https://longbridge.com/en/quote/CASI.US.md) - [SCPX.US](https://longbridge.com/en/quote/SCPX.US.md) - [SGP.US](https://longbridge.com/en/quote/SGP.US.md) - [BATL.US](https://longbridge.com/en/quote/BATL.US.md) - [KRMN.US](https://longbridge.com/en/quote/KRMN.US.md) - [APO-A.US](https://longbridge.com/en/quote/APO-A.US.md) ## Related News & Research - [Virtus Investment Partners (VRTS) Projected to Announce Earnings on Thursday](https://longbridge.com/en/news/293562615.md) - [Analyst Maintains Buy on Karman, Viewing Share Pullback as Technical and Backed by Long-Term Space and Defense Growth](https://longbridge.com/en/news/288121397.md) - [Top OneSpan Executive Makes Eye‑Catching Move With Company Shares](https://longbridge.com/en/news/289988628.md) - [Earnings Outlook For Virtus Inv](https://longbridge.com/en/news/275003334.md) - [Onespan (OSPN) to Release Quarterly Earnings on Thursday](https://longbridge.com/en/news/283790062.md)