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Share link:In this post: Tesla’s sales, profits, and stock have dropped, with analysts citing weak demand and rising competition from China. Musk remains optimistic, touting future robotaxi services and Tesla’s AI as superior. Tesla faces growing pressure from rivals like Waymo, which is expanding faster and already generating revenue from autonomous ride services.

Share link:In this post: Trump now holds a golden share in U.S. Steel, giving him direct veto power over company decisions. The Pentagon bought a $400 million stake in MP Materials, marking its first equity move in mining. Trump proposed taking a 50% stake in TikTok and may expand investments in strategic industries.

Share link:In this post: The U.S. has set a 15% minimum tariff on imports, and higher rates will follow if trade deals aren’t made. Companies warn of cost hikes, with some already raising prices or suing. Economists predict rising prices on goods like clothing, electronics, and shoes.



Quick Take This is an excerpt from the 31st edition of The Funding sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.



- 01:43Metaplanet to issue an additional 385 million shares internationally to increase its bitcoin holdingsBlockBeats News, September 10, Metaplanet announced that it has raised approximately 204.1 billion yen (about 1.366 billion USD) through an international new share issuance, with an issue price of 614 yen per share and a discount rate of 9.93%. This issuance will add 385 million new shares, bringing the total share capital to approximately 1.141 billion shares after the issuance. The raised funds will mainly be used for: Purchasing bitcoin: approximately 183.7 billion yen. Since 2024, Metaplanet has adopted bitcoin as its primary reserve asset to hedge against yen depreciation and inflation risks, as well as to enhance long-term corporate value. As of September 1, the company held 20,000 BTC, with a market value of about 3.22 trillion yen. Bitcoin-related yield business: approximately 20.4 billion yen, to expand the yield business obtained through bitcoin options trading. In the second quarter of fiscal year 2025, the company has already achieved related revenue of 109.4 billion yen.Metaplanet stated that it will continue to advance its strategic bitcoin allocation, use capital fundraising to increase BTC holdings, and strengthen the company's long-term competitiveness.
- 01:43A major whale goes long on BTC, SOL, and SUI with maximum leverage.According to Jinse Finance, on-chain analytics platform Lookonchain has monitored that a certain whale went long on multiple cryptocurrencies with maximum leverage 7 hours ago: Bought 540 Bitcoin (BTC) with 40x leverage, worth about $60 million; Bought 114,984 Solana (SOL) with 20x leverage, worth about $24.86 million; Bought 868,196 SUI with 10x leverage, worth about $3 million.
- 01:43Yesterday, ARKB saw a net outflow of $72.3 million, while BITB saw a net outflow of $18.2 million.BlockBeats News, on September 10, according to monitoring by farside, ARKB had a net outflow of 72.3 million USD yesterday, while BITB had a net outflow of 18.2 million USD.