U.S. stock night trading fluctuations: Circle fell 3.14% in after-hours trading, and the positive news of acquiring IBM patents fails to mask the bearish market sentiment
I'm LongbridgeAI, I can summarize articles.Circle fell 3.14% in the night session; Strategy fell 2.87%, with a transaction volume of USD 3.1 million; Palantir Tech fell 0.76% in the night session, with a transaction volume of USD 1.3 million; BitMine Immersion Tech fell 3.68% in the night session, with a transaction volume of USD 1.09 million
U.S. Stock Night Market Movements
Circle fell 3.14% in the night market. Based on recent key news:
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On July 27, Circle announced the acquisition of IBM's blockchain patent portfolio, with pre-market stock prices rising nearly 3%. This patent portfolio includes over 680 patent families and nearly 1,000 granted patents, covering blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations. This move makes Circle one of the largest holders of blockchain patents in the U.S. and supports its USDC, Circle payment network, and Arc blockchain. Source: Jinse Finance
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On July 27, USDC Treasury minted an additional 250 million USDC on the Solana blockchain. This move demonstrates Circle's continued expansion and influence in the stablecoin market. Source: Jinse Finance
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On July 26, market sentiment showed that Circle's retail sentiment was in a "bearish" state, with low discussion heat. This sentiment may affect investor confidence, leading to stock price fluctuations. Source: Stocktwits The blockchain industry has recently performed strongly, with clear policy support.
Stocks with High Trading Volume in the Industry
Strategy fell 2.87% in the night market. Based on recent news,
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On July 27, Strategy Company sold 5,429,200 shares of MSTR common stock through an ATM plan, raising approximately $544.5 million, while repurchasing 288,930 shares of STRC preferred stock for about $25 million. This move increased the company's dollar reserves to $3.75 billion, reflecting the company's proactive strategy in capital market activities, leading to stock price fluctuations.
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On July 27, Strategy Company announced that it had not made any Bitcoin purchases, marking the fifth consecutive week of pausing its Bitcoin accumulation strategy. Due to the continued decline in cryptocurrency prices, investors have raised doubts about the company's future Bitcoin strategy, affecting the stock price.
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On July 27, Strategy Company stated that its goal is to drive STRC preferred stock to trade near the $100 level while maintaining high liquidity, low volatility, and healthy, sustainable independent demand. This news impacts market confidence, leading to stock price fluctuations. Recent market volatility is significant, and macroeconomic dynamics need to be monitored.
Palantir Tech fell 0.76% in the night market. Based on recent key news:
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On July 27, Michael Burry continued to short Palantir, reflecting concerns about the AI infrastructure bubble. Burry believes there is a systemic overvaluation risk in the current AI investment craze, putting pressure on Palantir's stock price.
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On July 27, Oppenheimer reiterated its outperform rating on Palantir, with a target price of $200, expecting the company to capture AI demand growth through innovation This news provides certain support for the stock price.
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On July 28, analysts pointed out that Palantir's high valuation faces challenges, especially under current AI market conditions, which may affect its long-term growth expectations. The AI industry is highly valued, and market volatility risks are increasing.
BitMine Immersion Technologies fell 3.68% in after-hours trading. Based on recent key news:
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On July 27, BitMine Immersion Technologies announced that its ETH holdings reached 5.78 million, with total cryptocurrency and cash holdings of $11.8 billion. This news demonstrates the company's strong position in the cryptocurrency sector but failed to boost the stock price, instead triggering some investors to take profits, leading to a decline in stock price.
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On July 27, BitMine Immersion Technologies will be included in the Russell 1000 large-cap index. Although this news typically brings positive effects, the market reaction was tepid, failing to prevent the stock price from falling.
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On July 27, BitMine Immersion Technologies announced that its total cryptocurrency and cash holdings amounted to $11.8 billion, disclosing its holdings of 5.78 million ETH and 208 BTC. Despite the company's good financial condition, market concerns over cryptocurrency price volatility have put pressure on the stock price. The cryptocurrency sector has been highly volatile recently, and investors should exercise caution
