Market Signal Briefing

FORT LAUDERDALE, Fla., March 25, 2026 (GLOBE NEWSWIRE) -- EdgeMode, Inc. (OTC: EDGM), a global energy and AI data center infrastructure company, today announced an enhancement to its strategic Joint Venture Agreement with Blackberry AIF, S.L. (BAIF) significantly accelerating the Company’s AI infrastructure development pipeline and strengthening its long-term strategic partnership.

Following the execution of the agreement, EdgeMode now has approximately 4.35 gigawatts (GW) of AI data center capacity under development in Spain, positioning the Company as the largest AI infrastructure development portfolio in Europe.

The updated agreement reflects a rapid acceleration in development capacity, bringing the total capacity under development in Spain to 4,350MW. 

Rapid Expansion of AI Infrastructure Pipeline

The expansion represents an increase in the active development pipeline and further strengthens EdgeMode’s position as a leading developer of power-secured AI infrastructure in Europe.

This rapid acceleration reflects:

Strong demand for AI-ready data center capacity

Continued expansion of development opportunities

Optimization and scaling of existing projects

Deepening collaboration between EdgeMode and Blackberry AIF

The expanded 4.35GW portfolio represents one of the most significant concentrations of AI infrastructure capacity currently under development in Europe.

Strengthened Strategic Partnership with Blackberry AIF

As part of the Addendum, EdgeMode and Blackberry AIF reaffirmed their intention to continue expanding their strategic relationship and jointly develop additional AI data center and Energy infrastructure projects.

The agreement confirms:

Continued collaboration on future AI infrastructure developments

Expansion of the existing pipeline

Long-term strategic alignment between the parties

This reinforces the joint venture as a scalable development platform capable of delivering multi-gigawatt AI infrastructure across Spain and broader European market.

Positioned to Capture AI Infrastructure Demand

The rapid growth of EdgeMode’s pipeline comes at a time of accelerating global demand for AI infrastructure, where power availability, speed of deployment, and scale are the primary constraints.

EdgeMode’s development model focuses on:

Power-secured AI campuses

Rapid progression to Ready-to-Build (RTB)

Capital-efficient development strategy

Strategic partnerships with local execution teams

With 4.35GW now under development, EdgeMode is uniquely positioned to support hyperscalers, AI operators, and infrastructure investors seeking scalable, power-secure deployments which are independent of Grid connections and reduce time to power.

Leadership Commentary

Charlie Faulkner, CEO of EdgeMode, commented:

“This agreement represents a major milestone for EdgeMode. Expanding our development pipeline to 4.35GW and strengthening our partnership with Blackberry AIF positions us as the largest AI infrastructure developer in Europe.

“The scale of this pipeline, speed of execution, combined with our power-first development strategy, places EdgeMode at the center of the accelerating AI infrastructure build-out across Europe.

“We are building a long-term platform designed to deliver AI infrastructure at speed and scale, and this agreement significantly accelerates that vision and our clients time to power.”

About EdgeMode:
EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure across strategic global markets. The company focuses on power-secured developments aligned to accelerating AI and high-performance compute demand.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EdgeMode’s plans, objectives, goals, strategies, future events, future financial performance, expected market growth, construction timelines, and expansion potential. These statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause such differences include, but are not limited to, risks related to integration of acquired assets, construction delays or cost overruns, challenges in client acquisition, changes in demand for AI and HPC infrastructure, regulatory changes, availability and cost of power, and general economic and market conditions. EdgeMode undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.

Company Contact:
Charlie Faulkner
Chief Executive Officer
EdgeMode Inc.
[email protected]

Cognyte Software Ltd. (CGNT - Free Report) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +900.00%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of +250%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Cognyte Software, which belongs to the Zacks Internet - Software industry, posted revenues of $106.24 million for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $94.5 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Cognyte Software shares have lost about 16.2% since the beginning of the year versus the S&P 500's decline of 4.2%.

What's Next for Cognyte Software?While Cognyte Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Cognyte Software was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $104 million in revenues for the coming quarter and $0.25 on $440.1 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Figma, Inc. (FIG - Free Report) , is yet to report results for the quarter ended March 2026.

This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Figma, Inc.'s revenues are expected to be $316.14 million, up 38.5% from the year-ago quarter.

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") announces initial drilling results from the second drill station on the D-Level of the IMA Mine, Lemhi County, Idaho. Significant tungsten-silver intercepts in all drillholes demonstrate continuity of the polymetallic vein system along strike to the northwest and up-dip from areas of historical mining.

Drill Result Highlights:

28.3 ft grading 0.39% WO3 and 1.08 oz/t Ag in hole AT25-08, including 5.5 ft of 0.82% WO3;26.2 ft grading 0.33% WO3 and 1.62 oz/t Ag in hole AT25-09, including 3.2 ft of 1.03% WO3; and10 ft grading 0.80% WO3 and 1.91 oz/t Ag in hole AT25-10."The results from the second drill station on the D-Level further reinforce the continuity and scale of the tungsten-silver vein system at the IMA Mine," said Ali Haji, CEO of American Tungsten Corp. "The consistent mineralization widths encountered across all drillholes support our understanding of the vein geometry and its extension up-dip and along strike from historical workings. These results provide continued confidence as we systematically advance drilling to define a modern, mineable resource."

Recent drilling results include initial assays from the second underground drill station on the D-level of the IMA Mine, as well as the bottom interval of hole 7, the top of which was reported on February 24th, 2026. This drilling is being conducted from a new exploration drift in the footwall of the vein system to confirm historical mineral reserves and extend limits of mineralization up-dip and along strike. Hole AT26-08 was drilled as an infill hole targeting the vein system up-dip of AT25-01. Hole AT26-09 targeted historical reserves blocked out in the No 5 and No 7 veins. Hole AT26-10 was fanned to the northeast to assess the up-dip extent of the vein system and to twin mineralization intersected in historical surficial drillhole ID-9 drilled by Inspiration Development Company.

New drillhole results are reported in Table 1 below. Assays for additional completed drillholes are pending.

Table 1: Summary Drillhole Assay Results From Ima Tungsten Project

Hole IDAzimDipDepthFrom
(ft)To (ft)Length (ft)WO3_%MoS2_%Ag optCu %Pb %Zn %AT26-07*6560476.51525101.100.010.690.050.090.04and*115118.83.80.470.022.280.180.190.20and*155172171.280.063.530.270.340.09and*26727250.240.040.690.220.090.08and277.3298.521.20.200.090.820.010.110.00including277.32824.70.350.090.740.020.080.00AT26-081407038260.288.528.30.390.041.080.050.150.02including677580.510.051.410.060.200.01including8388.55.50.820.051.520.090.200.04and208.8211.52.70.660.191.340.040.200.03and220.8243.422.60.300.060.760.070.110.03including220.8225.850.730.060.640.040.120.01including239243.44.40.400.141.660.110.360.07AT26-092654036145.46317.60.360.062.850.050.240.02including45.450.55.10.970.047.550.080.610.02and12813350.760.000.080.020.010.02and188214.226.20.330.041.620.180.150.10including193.62006.40.430.041.590.290.150.15including208.82123.21.030.055.890.530.510.31AT26-1065474623343100.470.021.600.190.160.09including384350.730.022.220.260.280.13and12813350.390.020.130.040.050.02and163173100.800.131.910.260.370.19including16817351.120.111.400.330.250.29and216223.67.60.610.021.120.010.090.00including21622150.880.011.000.010.100.00and367374.57.50.170.060.890.010.160.01and386.441023.60.270.050.760.050.100.02including396.13981.90.500.060.650.020.160.01* Intercept Previously Reported
1) Intercepts for AT26-09 are estimated to be approximately true width. True width of veins are estimated to be 60% of composite length for AT26-07,
70% of composite length for AT26-08, and 60% of composite length for AT26-07
2) WO3 and MoS2 % values are calculated from ppm analyses based on stoichiometry factors of 1.2611 and 1.668,
silver is reported in troy ounces per ton
3) Composites are generated using a 0.1% WO3 cut off grade or 0.5oz/t Ag grade and may include internal waste below cut off grade.

American Tungsten has completed 15 drillholes on the D-level and 8 drillholes on the Zero level, totaling approximately 7800 feet. Drilling on the D-level is being conducted in a series of upward inclined fan holes from new drill stations in the footwall of the No.5 and No.7 vein systems. Mineralization in the principal veins consists of variable assemblages of hubnerite, scheelite, tetrahedrite, galena, sphalerite, and chalcopyrite, plus fluorite and rhodochrosite. Additional mineralization is associated with minor veins and stockworks within intervening metasedimentary host rocks.

Figure: Vertical Section Looking N20W showing significant intercepts and vein system interpretation, 200 ft view corridor.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/289872_502c031dc4957aaa_001full.jpg

Figure: Plan map of the D-level showing completed and planned drillholes.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11701/289872_502c031dc4957aaa_002full.jpg

Phase 1 Drill Program

Drilling operations are ongoing from the second D-level drill station and excavation of the drift to the third drill station is underway. Currently, at least four additional holes totaling approximately 2800 feet are planned from on the D-level and more holes may be added to the program based on results. Drilling and mine rehabilitation operations are also being conducted on the Zero level including construction of the second drill station, located approximately 900 feet from the portal. Drilling on the Zero level will include up to 20 holes totaling approximately 10,000 feet from three locations.

About the IMA Mine

The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010. American Tungsten Corp is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine.

Sampling Methodology

Drillholes were completed using Hagby 1000 or Sandvik 130 drill rigs with NQ sized rods. Drill core was transferred to American Tungsten geologists under chain of custody and stored in a secure facility. Drill core was logged for lithology, alteration, mineralization, and structure prior to sampling. Sample number tags were affixed to core boxes and core marked for sawing. Core was sawn in half, with one half submitted for analysis and the remaining half retained for reference. Samples were collected at approximate 5 foot intervals in wall rock and shorter intervals within vein mineralization, with sample lengths adjusted to geological boundaries where appropriate. Samples were submitted for assay to ALS Global in Twin Falls, Idaho.

QA/QC and Sample Analysis

American Tungsten Corp's Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions.

Samples were submitted to ALS Global laboratory in Twin Falls, Idaho, for preparation. Samples were crushed to 70% passing 2 mm screen, rotary splitting 250g and pulverized to 85% passing a 75 μm screen. Samples were analyzed by ALS Minerals in the Vancouver, BC, Canada. Samples were analyzed by four acid digest with ICP-MS finish. Samples exceeding 200 ppm W were analyzed by XRF with lithium borate fusion preparation. Samples exceeding 50ppm Ag were analyzed by fire assay with gravimetric finish.

Qualified Person

Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.

About American Tungsten Corp.

American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.

For further updates, visit www.americantungstencorp.com or investor relations, Joanna Longo at [email protected].

Social media links:
LinkedIn: https://www.linkedin.com/company/americantungstencorp/ 
X: https://x.com/amtungsten
Facebook: https://www.facebook.com/americantungstencorp/ 
Instagram: https://www.instagram.com/americantungstencorp/ 
YouTube: https://www.youtube.com/@americantungstencorp

(CSE: TUNG) 
(OTCQB: TUNGF)
(FSE: RK90)

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to anticipated results of future drilling, recommencement of mining or production, pending analyses, future work plans and all the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Statements concerning historical mineral resources, historical reserves, production, and exploration results on the property have been obtained through both public and private sources, and are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Historical resource estimates and reserves pre-date the implementation of NI 43-101 and do not use categories stipulated by CIM. Prior operators assigned confidence categories which differ from those stipulated by CIM, as they may not have demonstrated economic viability. The estimates should not be relied upon until they have been verified. Neither American Tungsten Corp., or its Qualified Person, has done sufficient work to classify the historical estimates as current mineral resources or reserves or to verify historical information regarding past production, sampling or drilling. American Tungsten Corp. is not treating the historical estimates as current mineral resources or mineral reserves. Exploration Targets discussed are conceptual in nature; it is uncertain whether a mineral resource will be delineated based on potential exploration.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289872

Source: American Tungsten Corp.

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Shares of Micron (NASDAQ:MU | MU Price Prediction) finally ran into a ceiling, and it was after the company clocked in some spectacular quarterly earnings results. Undoubtedly, it’s the amazing quarterly earnings that are usually the major culprit for sparking a bit of a reversal in the high-flying stocks leading the AI trade.

Of course, it may not seem to make a whole lot of sense, especially when you consider the magnitude of Micron’s latest beat. Still, that’s how it is when it comes to the companies that continue sprinting on the expectations treadmill. Sometimes, it takes not only a beat or a blowout but a shocker of an upside surprise as well as a forecast of some sort that’s off the charts.

Whenever you raise the bar that high, it becomes difficult, even for the best-positioned company on Earth, to keep getting those big rounds of applause from investors. Eventually, the crowd grows tired of clapping their hands, and it takes more to actually impress. Of course, the big question for the memory juggernaut is what will be up next as the firm moves after landing a home run that was met with pin-drop silence from the crowd.

Undoubtedly, the CapEx bug seems to have bitten even the great Micron, a firm that has been more magnificent than the Mag Seven in recent months. The CapEx guide came in starting at $25 billion. Now, that’s a far cry away from the magnitude of cash (think hundreds of billions of dollars) that the hyperscalers are sinking into AI CapEx. Still, it seems like any kind of spending is the perfect formula for a negative reaction.

The terrain could get bumpier in the near term That’s just the type of market climate we seem to be in right now. Of course, you cannot blame profit-takers for booking gains after a gain of more than 300% in a year. That’s just being smart. However, when it comes to letting winners continue to win, though, I do think that there’s also a pretty strong case for hanging on or even buying into the latest slide in shares of Micron as the winning streak turns into a losing streak, with Micron stock falling into the red for four straight sessions.

While the latest downtrend might not be so quick to reverse, with the stock now off over 14% from its all-time high just north of $460 per share, and a potential triple-top technical pattern that could be in the works, I do think that it could make a lot of sense to look at the $295-300 range as a potential entry point. Of course, many of the bulls on Wall Street aren’t looking at such depth. And there’s a good chance that dip-buyers might not have a shot to buy at those depths unless things really get nasty across the AI waters.

Of course, if the correction in the Nasdaq turns into a bear market, we could easily see such levels be retested. But, in the meantime, I think the bull camp has a stronger case for buying right here at just under $400 instead of timing some sort of floor. Micron is sold out for the year, and as we progress through 2026, we could soon see it being sold out for the early innings of next year.

Micron’s CapEx guide is a positive Even with the $25 billion in CapEx to boost capacity, demand still looks unprecedented as the AI boom heads into high gear and memory demands stay off the charts. Personally, I’m completely comfortable with Micron spending tens of billions. In fact, I’d be more concerned if it weren’t aggressively building fabs and next-generation machinery.

In any case, I think Micron is pretty misunderstood right here. And many of the bulls seem to be in the same camp, with Barclays actually looking for the stock to hit $675.00 per share. That’s a 70% gain from here and would make the latest post-earnings plunge nothing short of a gift to investors.

Maybe it is a “structural” shift, as the firm believes, that is in the cards for Micron. I think the “undersupply” might be severe enough that the firm’s latest CapEx might need to be a bit higher than the low range of the forecast. Either way, my bet is that such investments are bound for a decent return. The same can’t be said for the more aggressive hyperscalers.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) today published its 2025 Annual Report, highlighting resilient financial performance, continued execution of Vision 2030, and significant progress in building a scalable, enterprise-wide innovation engine. “2025 marked a year of meaningful progress against our Vision 2030 strategy along with solid results in a challenging environment,” said Chris Koch, Chair, President and Chief Executive Officer. “We delivered $5.0.

March 25, 2026 09:25 ET  | Source: SEALSQ

Geneva, Switzerland , March 25, 2026 (GLOBE NEWSWIRE) --

With over $530 million in cash and no debt, SEALSQ is uniquely positioned to accelerate its investment strategy and capitalize on emerging opportunities in the quantum technology sector.

SEALSQ today announced the expansion of its Quantum Fund, SEALQUANTUM.COM, to $200 million, reinforcing its long-term commitment to building a secure and sovereign quantum technology ecosystem. To date, the Fund has already deployed over $30 million, with a target to close an additional $100 million of investments through to the end of 2027.  The Company has identified several opportunities to make strategic investments in companies that we believe have compatible, critical technologies and these are currently at various stages of discussion and negotiation.

The SEALSQ Quantum Fund is a strategic investment initiative of SEALSQ designed to accelerate the development of a fully integrated Quantum Vertical Sovereign Stack—a comprehensive, end-to-end “Root-to-Qubit” ecosystem aimed at ensuring technological independence, cybersecurity resilience, and trust in the emerging quantum era.

The Fund focuses on investing in and consolidating critical technologies across the entire quantum value chain, including:

Post-quantum semiconductors and secure hardwareQuantum-resistant cryptographic infrastructureSecure communications and digital identity management systemsEdge computing and embedded artificial intelligence technologiesSatellite and space-based infrastructure Proven Execution: Key Investments Already Deployed

Through its SEALQuantum.com initiative and broader Quantum Fund strategy, SEALSQ has already executed a series of strategic investments and partnerships across Europe and the United States, including:

EeroQ – Strategic investment supporting scalable quantum computing architectures and strengthening SEALSQ’s “Quantum Made in USA” strategyIC’ALPS – Acquisition to reinforce semiconductor design capabilities critical to post-quantum hardwareColibriTD – Partnership to develop quantum-as-a-service (QaaS) solutionsWISeSat.Space – Investment supporting secure space-based communications and infrastructureWecan Group – Investment in quantum-resilient compliance and identity platformsQuobly – a partnership supporting the development of secure and scalable quantum computing technologiesMiraex – Currently completing due diligence for a full acquisition following signature of a Letter of Intent, aimed at strengthening SEALSQ’s position in advanced quantum communication and photonics technologiesQuantix Edge Security – Joint venture focused on delivering post-quantum cybersecurity solutions, integrating secure semiconductors, AI, and encryption technologies for critical infrastructure and sovereign deployments.  The Joint venture is also focused on establishing a Post-Quantum Semiconductor Personalization Center (Spain) to develop secure semiconductor manufacturing and testing capabilities These investments demonstrate SEALSQ’s ability to execute across the full quantum value chain—from semiconductors and cryptography to cloud, AI, and space infrastructure—while building a geographically diversified and sovereign ecosystem.

Building the Future of Sovereign Quantum Infrastructure

Together, the Quantum Vertical Sovereign Stack and the Quantum Spatial Orbital Cloud aim to form a unified architecture to safeguard digital ecosystems against emerging quantum threats, while enabling a new generation of secure applications for governments, enterprises, and critical industries.

Through this expanded investment initiative, SEALSQ intends to strengthen its position at the forefront of the transition toward quantum-secure, sovereign digital infrastructure, with a goal to ensure that nations and organizations maintain control, trust, and resilience in an increasingly complex and rapidly evolving technological landscape.

Quantum Spatial Orbital Cloud (QSOC): Extending Security Beyond Earth

A cornerstone of SEALSQ’s strategy is the planned development of the Quantum Spatial Orbital Cloud (QSOC), a next-generation, space-based infrastructure designed to extend quantum-secure capabilities beyond terrestrial limitations.

Leveraging advanced satellite constellations, the QSOC aims to enable:

Quantum-resilient global communications using QKD and post-quantum cryptographySecure key generation and distribution from orbit powered by QRNG technologyTrusted, sovereign digital infrastructure independent of ground-based vulnerabilitiesLow-latency, high-integrity connectivity for mission-critical systems worldwide About SEALSQ:

SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
[email protected]        

SEALSQ Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611
[email protected]

Key Takeaways Trump hints at Iran deal progress, easing fears over Strait of Hormuz disruption. Oil plunges as diplomacy hopes rise, boosting risk-on sentiment across equities. Beaten-down ETFs like SPY, QQQ, CPER may rebound if Middle East tensions cool. President Donald Trump indicated that Iran had offered a “present” as a gesture of goodwill amid ongoing negotiations to end the 25-day conflict that has rattled global markets, per Bloomberg, as quoted on Yahoo Finance.

While he declined to provide specifics, Trump described the offer as “worth a tremendous amount of money” and confirmed it was tied to energy flows through the Strait of Hormuz. Meanwhile, Iranian media reported that a Thai vessel successfully passed through the crucial route on March 24, 2026, the same Bloomberg article reported.

Oil markets reacted sharply to signs of possible de-escalation. Brent crude fell as much as 7% to around $97 per barrel while West Texas Intermediate dropped to near $87.

Nuclear Issue Remains CentralTrump reiterated that a key U.S. condition for any agreement is preventing Iran from acquiring nuclear weapons. Reports suggest the U.S. has proposed a 15-point plan aimed at ending the conflict, with Iran reportedly agreeing to some initial parameters.

Time to Buy These Beaten-Down ETFs?Over the past one-month, global markets have remained topsy-turvy. Oil shocks and inflationary fears have massively upset global stock exchanges. Apart from oil and energy stocks, hardly any assets have been able to stay afloat. Against this backdrop, we highlight below a few beaten-down ETFs that can be tapped amid ceasefire talks (read: 4 Reasons to Stay Cautious and Play ETFs Strategically).

ETFs in Focus State Street SPDR S&P 500 ETF Trust (SPY - Free Report) – Down 5.8% past month (as of March 24, 2026)

The underlying S&P 500 Index is composed of five hundred selected stocks, all of which are listed on national stock exchanges and span over 25 separate industry groups. Although JPMorgan strategists have lowered their year-end target for the S&P 500 Index, warning that geopolitical risks are limiting upside for equities, we believe that any resolution to the crisis may lead to a risk-on rally in the S&P 500.

A team led by Fabio Bassi reduced the forecast to 7,200 from 7,500, citing a potential oil supply shock linked to disruptions in the Strait of Hormuz, per Bloomberg, as quoted on Yahoo Finance. Despite the downgrade, JPMorgan’s revised target still suggests good upside from current levels by year-end.

Invesco QQQ Trust, Series 1 (QQQ - Free Report) – Down 5.3% past month (as of march 24, 2026)

The underlying Nasdaq-100 Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.

Disruptive technologies—like Artificial intelligence (AI)—are likely to create entirely new markets, allowing early investors to capture outsized long-term returns. These technologies are still in an early stage, leaving immense value yet untapped.

WisdomTree Japan Hedged Equity Fund (DXJ - Free Report) – Down 8.2% past month (as of march 24, 2026)

Japan’s headline inflation rate eased for the fourth successive month in February due to stabilizing food prices and falling energy costs ( thanks to government measures). The consumer price index fell to 1.3% last month. The CPI reading came in at the lowest since March 2022 and below the central bank’s 2% target, down from 1.5% in January, as quoted on CNBC.

The core inflation rate moderated to 1.6%. The Bank of Japan (BoJ) has pegged its forecast for core inflation for fiscal 2026, starting April 1, at 1.9%. Since inflation is under control, we can expect the BoJ to not hike rates in the near term, which should favor Japanese companies and stocks.

Agreed, the inflation print is pre-war, and the reading for March, which includes the phase of the Iran war, may see a solid shoot-up. But if the war eases soon, Japanese inflation may cool down fast as well.

Having said that we would like to note that Abhijit Surya of Capital Economics noted that price pressures in Japan are more deep-rooted than the headline data suggests and expects core inflation to remain above the central bank’s target for the foreseeable future, as quoted on the same CNBC source.

 United States Copper Index Fund (CPER - Free Report) – Down 9.3% past month

The ETF CPER is down 4.7% this year. Copper’s potential rally can be driven by long-term fundamentals. Growing demand for electrification — from AI data centers to renewable-energy infrastructure — is expected to outpace supply in the coming years.

Note that even amid the Iran crisis, copper’s decline was less pronounced than gold (down about 14% past month) and silver (down about 21% past month). This highlights the importance of holding copper now to bet big on the AI boom (read: Will 2026 Be a Year of Silver & Copper ETFs?).

iShares MSCI South Korea ETF (EWY - Free Report) – Down 13.5% past month

South Korea ETFs have lately emerged as quiet beneficiaries of the global AI boom, driven by strong semiconductor demand and rising export momentum. Gains were supported by chip giants Samsung Electronics and SK Hynix. With sustained earnings growth, EWY should continue to reflect strong investor confidence in Korea’s AI-powered market outlook. All investors need is a pause in the Iran war to make the most of the South Korea ETF’s potential. The Iran war hit the fund hard as South Korea imports around 70% of its crude oil and 20% of its liquefied natural gas from the Middle East, as quoted on CNBC.

Strategic JV Accelerates Spain’s Largest AI Infrastructure Platform with Scalable, Power-Secured Growth

FORT LAUDERDALE, Fla., March 25, 2026 – PRISM MediaWire(Press Release Service – Press Release Distribution) – EdgeMode, Inc. (OTC: EDGM), a global energy and AI data center infrastructure company, today announced an enhancement to its strategic Joint Venture Agreement with Blackberry AIF, S.L. (BAIF) significantly accelerating the Company’s AI infrastructure development pipeline and strengthening its long-term strategic partnership.

Following the execution of the agreement, EdgeMode now has approximately 4.35 gigawatts (GW) of AI data center capacity under development in Spain, positioning the Company as the largest AI infrastructure development portfolio in Europe.

The updated agreement reflects a rapid acceleration in development capacity, bringing the total capacity under development in Spain to 4,350MW. 

Rapid Expansion of AI Infrastructure Pipeline

The expansion represents an increase in the active development pipeline and further strengthens EdgeMode’s position as a leading developer of power-secured AI infrastructure in Europe.

This rapid acceleration reflects:

Strong demand for AI-ready data center capacity

Continued expansion of development opportunities

Optimization and scaling of existing projects

Deepening collaboration between EdgeMode and Blackberry AIF

The expanded 4.35GW portfolio represents one of the most significant concentrations of AI infrastructure capacity currently under development in Europe.

Strengthened Strategic Partnership with Blackberry AIF

As part of the Addendum, EdgeMode and Blackberry AIF reaffirmed their intention to continue expanding their strategic relationship and jointly develop additional AI data center and Energy infrastructure projects.

The agreement confirms:

Continued collaboration on future AI infrastructure developments

Expansion of the existing pipeline

Long-term strategic alignment between the parties

This reinforces the joint venture as a scalable development platform capable of delivering multi-gigawatt AI infrastructure across Spain and broader European market.

Positioned to Capture AI Infrastructure Demand

The rapid growth of EdgeMode’s pipeline comes at a time of accelerating global demand for AI infrastructure, where power availability, speed of deployment, and scale are the primary constraints.

EdgeMode’s development model focuses on:

Power-secured AI campuses

Rapid progression to Ready-to-Build (RTB)

Capital-efficient development strategy

Strategic partnerships with local execution teams

With 4.35GW now under development, EdgeMode is uniquely positioned to support hyperscalers, AI operators, and infrastructure investors seeking scalable, power-secure deployments which are independent of Grid connections and reduce time to power.

Leadership Commentary

Charlie Faulkner, CEO of EdgeMode, commented:

“This agreement represents a major milestone for EdgeMode. Expanding our development pipeline to 4.35GW and strengthening our partnership with Blackberry AIF positions us as the largest AI infrastructure developer in Europe.

“The scale of this pipeline, speed of execution, combined with our power-first development strategy, places EdgeMode at the center of the accelerating AI infrastructure build-out across Europe.

“We are building a long-term platform designed to deliver AI infrastructure at speed and scale, and this agreement significantly accelerates that vision and our clients time to power.”

About EdgeMode:
EdgeMode develops scalable AI-ready data center campuses and integrated energy infrastructure across strategic global markets. The company focuses on power-secured developments aligned to accelerating AI and high-performance compute demand.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EdgeMode’s plans, objectives, goals, strategies, future events, future financial performance, expected market growth, construction timelines, and expansion potential. These statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause such differences include, but are not limited to, risks related to integration of acquired assets, construction delays or cost overruns, challenges in client acquisition, changes in demand for AI and HPC infrastructure, regulatory changes, availability and cost of power, and general economic and market conditions. EdgeMode undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.

Company Contact:
Charlie Faulkner
Chief Executive Officer
EdgeMode Inc.
[email protected]

Source: EdgeMode, Inc.

The latest news and updates relating to $EDGM are available in the company’s newsroom at:https://tinyurl.com/edgmnewsroom

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ROCHESTER, N.Y., March 25, 2026 (GLOBE NEWSWIRE) -- Green Rain Energy Holdings Inc. (OTC: GREH) (“Green Rain” or the “Company”) today announced that its previously approved shareholder dividend has been strategically increased by 300%, prompting a revised implementation timeline as management finalizes regulatory submissions.

The Company has increased the dividend from 1% (one share per 100 shares held) to 3% (three shares per 100 shares held), reflecting management’s continued confidence in Green Rain’s operational progress and long-term growth trajectory.

As a result of this enhancement, the dividend will now have a record date of May 1, 2026, allowing sufficient time to complete all necessary regulatory and administrative processes.

Updated Dividend Details

Dividend Ratio: Three (3) shares of restricted common stock for every 100 shares of common stock held

Record Date: May 1, 2026

Shareholder Action Required: None — no action or vote is required

Regulatory Status: Subject to customary approval from FINRA

Fractional Shares: Rounded up to the nearest whole share

Tax Treatment: Intended to qualify as tax-free for U.S. federal income tax purposes

The Company’s legal counsel is currently finalizing required filings and expects to submit all documentation to FINRA in the coming days.

Strategic Rationale for Dividend Increase

Management’s decision to significantly increase the dividend reflects:

Confidence in accelerating revenue-generating operationsCommitment to enhancing shareholder value and long-term alignmentStrengthening of the Company’s capital structure and market positioning
As the EV infrastructure sector continues to expand rapidly, Green Rain is positioning itself to capitalize on strong macroeconomic tailwinds.

Industry data indicates:

The global EV charging market is projected to grow at a CAGR exceeding 25% through 2030. U.S. federal and state incentives continue to accelerate the deployment of charging infrastructure. Commercial and hospitality-based charging solutions are emerging as high-margin, recurring revenue opportunities.

Green Rain’s expanding footprint in this sector directly aligns with these trends, supporting management’s decision to reward shareholders while continuing to scale operations.

Operational Progress & Project Updates

The Company is pleased to provide the following updates on its EV infrastructure rollout:

Rochester, NY – 1600 Ridge Road

Final inspection scheduled this weekSite expected to be fully operational and charging vehicles by end of next weekKey infrastructure completed:Switchgear installationNew utility pole and upgraded transformer
Green Rain extends its appreciation to:

Wallace Energy for project executionChronicle Energy for utility rebate structuring, system design, and civil work San Diego, CA – Driftwood Hospitality (Element Hotel)

The City of San Diego has approved the final project design.

San Diego Gas & Electric has completed:

New electrical serviceMeter installationSite is now fully prepared for installation, with construction scheduled to begin April 1, 2026
This project represents Green Rain’s entry into the high-growth hospitality EV charging segment, creating opportunities for:

Recurring charging revenueStrategic partnerships with national hotel operatorsScalable deployment across similar properties
Why Green Rain?

Green Rain is rapidly emerging as a vertically integrated EV infrastructure platform, combining:

Site acquisition and developmentUtility coordination and incentives optimizationInstallation and operational management
With multiple projects progressing simultaneously and new partnerships forming, the Company is building a scalable network of revenue-generating charging assets.

The enhanced dividend underscores management’s belief that Green Rain is transitioning from the development stage to revenue-generating operations, positioning shareholders to participate in both near-term execution and long-term growth.

Forward Outlook

Management expects to provide additional updates as:

New locations are secured and deployedStrategic partnerships are formalizedAdditional revenue streams are activated
Green Rain remains committed to disciplined growth, shareholder alignment, and execution in one of the fastest-growing sectors of the global energy transition.

About Green Rain Energy Holdings Inc.

Green Rain Energy Holdings Inc. (OTCID: GREH) is a holding company focused on opportunities in renewable energy and related sustainable technologies. The Company seeks to identify, acquire, and develop assets that align with long-term trends in clean energy and environmental responsibility.

Visit: https://greenrainenergy.com/

Investor Relations: https://greenrainenergy.com/investor-relations/

Follow us on X (Twitter): https://x.com/GreenRainEnergy

Follow us on Facebook: https://www.facebook.com/profile.php?id=61580025893268&mibextid=wwXIfr

Follow us on Instagram: https://www.instagram.com/green.rain.energy/?igsh=MW9jY3g0MmZiaG5pNg%3D%3D&utm_source=qr#

Follow us on YouTube: https://www.youtube.com/@GreenRainEnergy

Forward Looking Statements:

This release contains forward-looking statements under Sections 27A and 21E of U.S. securities laws, subject to safe harbor provisions. These statements involve risks and uncertainties that could cause actual results to differ materially, including technical, permitting, or other challenges. Green Rain Energy assumes no obligation to update forward-looking statements except as required by law.

Press inquiries:

Michael Cimino – [email protected]

SAN FRANCISCO, March 25, 2026 (GLOBE NEWSWIRE) -- ControlUp, a leader in Digital Employee Experience (DEX) management, today announced a strategic collaboration with Intel that integrates Intel Device IQ into the ControlUp for Desktops and validation of ControlUp ONE as an Intel vPro Certified Application. Together, these milestones enable silicon-level telemetry, AI-driven on-device intelligence, and real-time DEX analytics to help organizations detect, contextualize, and remediate endpoint performance issues before they disrupt employee productivity.

With distributed and hybrid work now the norm, many performance issues that originate at the hardware level, like thermal stress or power inefficiencies, are hidden from traditional endpoint tools until user experience degrades. By combining Intel Device IQ on-device intelligence with ControlUp’s real-time DEX analytics and automation, organizations gain end-to-end visibility and shift from reactive troubleshooting to proactive detection, contextual insight, and automated remediation of endpoint issues.

“Autonomous Endpoint Management starts with complete visibility and intelligent action,” said Bob Johnson, Senior Vice President of Global Alliances and Partnerships, ControlUp. “With Intel Device IQ integrated into ControlUp for Desktops and our validation as an Intel vPro Certified Application, we extend our insight all the way to the silicon layer while ensuring optimized performance on Intel vPro-based PCs. This partnership helps customers eliminate blind spots, reduce support tickets, and protect productivity at scale.”

“Employee experience is closely tied to device performance and reliability,” said Carla Rodríguez, VP of Client Software Ecosystem at Intel. “By integrating Intel Device IQ with ControlUp’s real-time DEX telemetry and validating ControlUp as an Intel vPro Certified Application, enterprises gain deeper insight into device health—including performance, responsiveness, and battery life. Together, we’re enabling IT teams to take a more proactive approach to managing endpoints and delivering better employee experiences.”

Closing the IT Visibility Gap with Real-time Silicon-Level Intelligence
Intel Device IQ provides continuous, non-intrusive telemetry and AI-driven analysis directly at the silicon layer to detect early indicators of performance degradation. ControlUp surfaces these signals, correlating hardware-level data with real user experience metrics including CPU, memory, battery, thermal, and network health.

This unified approach enables:
●       Real-time detection of performance and power anomalies
●       Correlation of hardware signals with user experience impact
●       Automated, policy-driven remediation
●       Active session protection during meetings and focused work

The result is more consistent device performance, fewer disruptions during critical work moments, and reduced support burden across enterprise fleets.

Intel vPro Certified Application Validation
As an Intel vPro Certified Application, ControlUp ONE has completed validation to help ensure efficient operation on Intel vPro platform-based PCs. This certification reinforces that the ControlUp solution is optimized for enterprise performance, enabling power efficiency and system responsiveness. Organizations benefit from improved battery life and power efficiency, lower CPU utilization and optimized background processing, better coordination with hybrid CPU architectures, and reduced system interruptions.

When combined with ControlUp’s real-time experience monitoring, which collects key performance metrics every few seconds, IT teams gain immediate visibility into how device behavior affects productivity and can take action before users open support tickets.

To learn more about how Intel Device IQ and ControlUp for Desktops work together, visit controlup.com/solutions/intel.

About ControlUp

ControlUp is a leader in DEX, bringing together digital employee experience management and agentic AI in a single platform that evolves IT operations from reactive work toward Autonomous Endpoint Management (AEM). By integrating real‑time signals with guided decision‑making and automated remediation, ControlUp helps IT resolve issues before they impact employees, reduce operational complexity, and consolidate fragmented toolsets. Organizations advance to a self‑healing environment that operates more autonomously at scale. With ControlUp, IT works smarter, employees stay productive, and the digital workspace runs itself. Learn more at

www.controlup.com.Press Contacts:
ControlUp PR
[email protected]

©Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide the first batch of assay results from its Phase 3 diamond drill program at its 100% owned Berenguela silver-copper-manganese deposit located in the Department of Puno in southern Peru.

Results are included for 17 holes totalling 1,061.6m from the initial 45-hole (3,000m) program of diamond core drilling which the company opted to increase to 90 holes totalling 6,000m due to positive geological results, drill rig availability, and ease of access for the smaller diamond drill rig. The original 2,000m RC program was replaced by diamond drilling at a similar cost but with improved opportunity to obtain geological data and geotechnical logging. The reported holes are primarily in fill drilling along a 225m strike length within the limits of the existing resource, aimed a delineating high-grade mineralization, close to surface, suitable for mining as a starter pit in the planned future mining operations. Drill plans, sections and summary drill logs are available on Aftermath's website here. (https://aftermathsilver.com/projects/berenguela/plans-and-sections/)

Highlights of the current drilling include:

AFD152 returned 48.5m @ 438 g/t Ag + 2.22% Cu + 24.9% Mn from 26.5m downhole;AFD155 returned 70.0m @ 230 g/t Ag + 1.81% Cu + 10.9% Mn from surface;AFD160 returned 45.8m @ 528 g/t Ag + 1.48% Cu + 15.7% Mn from surfaceincluding 29.5m @ 737 g/t Ag + 1.71% Cu + 20.0% Mn from 18.4m downhole;

AFD162 returned 11.4m @ 1,042 g/t Ag + 2.05% Cu + 7.3% Mn from 11.8m downhole;Ralph Rushton, President and CEO, commented, "Our third phase of drilling was planned with the Berenguela prefeasilbity study in mind. We are infilling and delineating near-surface, high-grade silver-copper mineralization in the western part of the mineral resource where future open pit mining may begin. These are some of the best drill intercepts we've seen to date in our 3 phases of drilling and we are particularly pleased with the strong copper association that accompanies our silver."

Full results are given for 17 holes in that the table below and a table of collar coordinates and hole azimuths is appended at the end of this release. Drill collar plans and cross sections are available at this link: https://aftermathsilver.com/projects/berenguela/plans-and-sections/.

Table 1. Assay results holes AFD146-162

HoleFromToWidth1 (m)Ag g/tCu %Mn %Zn %Recovery (%)Voids*
AFD1460.0015.1515.151091.332.000.1492.30AFD147No significant mineralizationAFD1480.004.104.101420.6710.510.4565.90and19.3031.3010.002602.3224.960.45100.02.0AFD14921.7025.103.404202.6616.450.43100.00AFD1500.0049.8045.302022.3112.590.3495.94.5Inc.24.6036.9010.804273.2820.760.39100.01.5AFD1510.0035.4030.902401.2313.510.6986.14.5Inc.18.4025.757.355762.0927.111.1996.60AFD1520.009.659.652311.808.860.47100.00and26.5079.5048.504382.2224.880.5793.74.5AFD1530.0023.2021.702182.068.800.3797.31.5AFD1540.005.105.102232.1012.550.5988.30and11.9039.9023.001181.776.480.1988.35.0AFD1550.0078.8070.002301.8110.910.4297.78.8Inc.5.7028.6019.101462.787.190.28100.03.8Inc.28.6044.6014.005701.8623.450.71100.02.0AFD1560.0015.5513.551802.1113.030.5987.12.0and25.4549.5024.05472.306.100.24100.00and54.9060.805.90121.114.290.1394.40AFD1570.0038.7537.253712.2619.710.9692.81.5Inc.16.0536.6020.555452.5020.231.1494.90AFD1580.008.008.00771.9013.100.6382.50and12.4025.1010.70531.746.800.3384.22.0AFD1590.0055.2046.903121.6014.700.5793.28.3Inc.22.3049.6023.504981.4920.460.6997.23.8AFD1600.0054.7045.805281.4815.720.6794.18.9Inc.18.4053.8029.507371.7119.960.8191.95.9AFD1612.7015.1010.401210.658.250.51100.02.0and23.8074.7550.951741.4710.490.35100.00Inc.45.9056.1010.203132.3715.760.34100.00and80.90103.1522.251900.493.190.13100.00AFD1620.0039.1035.803711.688.060.4293.63.3Inc.11.8025.0011.401,0422.057.310.3993.11.8Inc.30.9039.108.20162.809.280.2893.90*Reported intersection widths are shorter than total widths drilled where voids due to historic underground mining activity were encountered during drilling. Voids were measured and discounted from the intersection width with no dilution of the reported grades. In AFD148 a void of 2.0m was encountered in an area of near-surface workings resulting in an intersection width of 10.00m. In AFD150 voids 3.0m and 1.5m were encountered in an area of workings resulting in an intersection width of 49.80m. In AFD151 a void of 1.5m was encountered in an area of near-surface workings "glory hole"and 3.0m at depth resulting in an intersection width of 35.40m. In AFD152 voids of 3.5m and 1.0m were encountered in an area of sub-surface workings resulting in an intersection width of 48.50m. In AFD153 a void of 1.5m was encountered in an area of near-surface workings resulting in an intersection width of 21.70m. In AFD154 a void of 5.0m was encountered in area of cross-cutting sub-surface workings resulting in an intersection width of 23.00m. In AFD155 voids of 1.8m and 3.80m were encountered in an area of near-surface workings "glory holes", and voids of 2.0m and 1.20m at depth, resulting in an intersection width of 70.00m. In AFD156 a void of 2.0m was encountered in an area of near-surface workings resulting in an intersection width of 13.55m. In AFD157 a void of 1.5m was encountered in an area of near-surface workings "glory hole" resulting in an intersection width of 37.25m. In AFD158 a void of 2.0m was encountered in an area of sub-surface workings resulting in an intersection width of 10.70m. In AFD159 a void of 1.0m was encountered in an area of near-surface workings, 2.0m and 1.80m under open pit, and 3.0m in main Berenguela drive, resulting in an intersection width of 46.90m. In AFD160 a void of 2.0m was encountered in an area of near-surface workings "glory hole", 2.50m, 2.0m, and 1.70m at depth resulting in an intersection width of 45.80m. In AFD161 a void of 2.0m was encountered in an area of near-surface workings "glory hole" resulting in an intersection width of 10.40m. In AFD162 voids of 1.8m and 1.5m were encountered in an area of sub-surface workings resulting in an intersection width of 35.80m.
Berenguela mining: from 1913 until 1965 approximately 500,000 tons was mined from 17,700m of underground workings and open pit operations which equates to roughly 1.0% of the 2025 M&I resource inventory. Aftermath obtained complete plans of underground workings which were incorporated into resource modelling where practical and appropriate underground mining depletion was subtracted from the mineral resource. All open pits have been surveyed in detail as part of the general site layout that defines topography and surface mining depletion.
1 The drilling was carried out at a high angle to the stratigraphically controlled mineralization and intersections can be assumed to equate approximately to true thickness. Where, in this release, drilling was drilled 20 degrees north of the main Berenguela strike direction, massive mineralisation was observed consistent with surface outcrops and the historic surface mining in open pits - see details below.

Drillhole recoveries in the mineralized intersections returned a weighted average of 95%. Some lower recoveries were returned close to surface (0 to 5m) in initial drilling runs, and around some underground workings. Drilling was generally carried out at a high angle to mineralization controls, except where noted in drill log descriptions, and intersections are assumed to approximately equate to true thicknesses due to the massive nature of the mineralisation and synformal configuration. Holes drilled at roughly 20 degrees north of the main Berenguela strike direction returned consistent intersections backed up by surface geology demonstrating the massive replacement nature of the mineralisation in Domain 1 adjacent to the main structures.

For example, holes AFD159, AFD160, AFD161, and AFD162 were drilled from the same drill pad with azimuths 90 degrees apart and all returned significant widths and grades of mineralisation confirming the massive nature of the mineralisation in the western part of Berenguela (western limit of Domain 1). The area is characterised by multiple old near surface workings in the form of open pits or shallow "glory holes", and underground mining voids were intersected as noted in the results table. The voids were as expected from old mining plans and, for example, the main Berenguela drive was intersected in its projected position in AFD148 and AFD149. During resource calculations a three-dimensional model of the mining voids is subtracted from resources. Drill sections and summary logs for each hole are available on Aftermath's website (www.aftermathsilver.com) or by clicking here.

Objectives of drilling

The original drill program consisted of 4,000m of diamond drilling and 2,000m of RC drilling. This has now been converted, at similar cost estimates between methods, to 6,000m of diamond drilling to take advantage of rig availability and the more agile diamond rig and associated equipment in the Andean summer rainy season at Berenguela. The diamond drilling to date, (results this release), are principally from a 225m strike length of mineralisation in the northern part of Domain 1 (see map) close to the small historical western and eastern open pits. The large diameter PQ drilling is designed to convert indicated to measured resources in an area where mining will likely begin, and to obtain metallurgical samples of higher-grade ores to optimise the metallurgical recovery process for this material.

The rest of the drill program is designed to obtain similar higher-grade material from Domain 2, drill the SW Intrusive and the Copper East targets, and carry out geotechnical drilling around the mining area for studies.

Geology

The host stratigraphy at Berenguela comprises folded thickly bedded, light grey limestones and dolomitized limestones. Several large bodies of black massive, patchy, and fracture-controlled manganese oxide replacement mineralization with associated silver, copper, and zinc enrichment, occur in the folded limestones. Mineralization largely follows stratigraphy and is typically conserved as eroded synform or antiform remnants, usually exposed at surface and with fold axes trending 105-120 degrees. Generally, the limestone is underlain by a transitional arenite unit overlying evaporites in footwall formations. In the area covered by this release, the eastern margin of mineralization, the arenites and evaporites were not generally encountered suggesting the limestone sequence is thickening eastward and downfaulted in blocks.

Historical mapping and resource modelling shows mineralization to extend for roughly 1,300m along strike. The recent drilling has extended the strike length to at least 1,550m with a maximum width of 400m in the central part, 250m in the western part, and 50m in the faulted section between the western and central parts. This includes a previous 100m gap or discontinuity now closed by drilling. The drilling was carried out at a high angle to the stratigraphically controlled mineralization, including fold axes, and intersections are approximately true thickness. The geology of each hole is summarized here.

QA/QC

Sample preparation and assaying was carried out in Peru by ALS Peru S.A ("ALS"). ALS preparation facilities in Arequipa and assaying facilities in Lima both carry ISO/IEC 17205 accreditation. Logging and sampling were carried out by Aftermath geological staff at the Limon Verde camp in Santa Lucia. Samples were transported to Arequipa and delivered to ALS for preparation and subsequent assaying of pulps in Lima.

During the preparation stage, quartz-washing was performed after each sample to prevent carry-over contamination. Initial assaying was done using a four-acid digestion and ICP-AES multielement analysis for 31 elements. Over limit samples (Ag > 100 g/t, Mn>8,000 ppm, Cu/Zn >10,000ppm) were reanalysed using 4 acid-digestion and ore-grade ICP-AES analysis. Any Ag samples reporting >1,500 g/t Ag are further analysed using fire assay with gravimetric finish. Any Ag samples reporting >10,000 g/t are further analysed using concentrate assay methods.

A selection of pulps will be submitted to an umpire laboratory to perform check analyses and verify QA/QC implemented in the project. Every batch of 20 samples submitted for assay contained 1 certified reference material (CRM), 1 coarse blank, 1 pulp blank and 1 duplicate core sample, OR 2 CRMs, 1 coarse blank, 1 duplicate core sample. Aftermath commissioned OREAS to prepare 3 different CRMs made from samples of Berenguela mineralization, so they are compositionally matched to the mineralized core. In the assays performed for this news release, 77 CRMs and 55 coarse blanks were inserted and 4 elements checked (Ag/Cu/Mn/Zn) - a total of 528 checks in total.

The CRMs generally performed well, and 10 CRM fails were observed in total. 3 fails were reported for low range Ag, and 6 for low range Mn. Mid-range Cu, Mn and Ag CRMs reported to specification limits. 1 fail was reported for mid-range Mn. High grade Cu and Ag CRMs reported to specification limits. No fails were reported for Cu. All pulp blanks and coarse blanks reported to specification limits. 47 duplicate samples were submitted and >80% reported repeat assays with a difference <25% to original assay.

Qualified person

Michael Parker, a fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and has approved the information provided in this news release and the form and context in which it appears.

About Aftermath Silver Ltd.

Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver and critical metals which aims to deliver shareholder value through the discovery, acquisition and development of quality silver and critical metal projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.

Berenguela Silver-Copper-Manganese project. The Company owns a 100% interest in the Berenguela Ag-Cu-Mn project located in the Department of Puno, in southern central Peru. A current NI 43-101 mineral resource estimate was published on December 4, 2025.

Challacollo Silver-Gold project. The Company completed the acquisition of a 100% interest in the Challacollo silver-gold project from Mandalay Resources; see Company news release dated August 11, 2022. A NI 43-101 mineral resource was released on December 15, 2020 (available on SEDAR and the Company's web page).

Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to interpretation of exploration programs and drill results, predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; differing results and recommendations in the Feasibility Study; and general economic, market or business conditions. In addition, forward‐looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at www.sedarplus.ca.

There is no certainty that any forward‐looking statement will come to pass, and investors should not place undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the forward‐looking statements in this release, except as required by law.

Cautionary Note to US Investors - Mineral Resources
This News Release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'') and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies.

Table 2. Collar locations, depths, azimuth and dips.

HoleWGS84 XWGS84 YWGS ZDEPTH (m)AZDIPSection 1075E

AFD1633314668268357418937.97-60Section 1125E

AFD1593315098268354420518.445-45AFD1603315098268354420530.9315-45AFD161331509826835442051.6225-45AFD1623315098268354420514.8135-45Section 1175E

AFD1563315548268317421611.4315-45AFD1573315548268317421618.8225-45AFD1583315548268317421622.6135-45Section 1225E

AFD15133160482683384222745-45AFD1523316048268338422231315-45AFD1533316048268338422227225-45AFD1543316048268338422231.2135-45Section 1250E

AFD1503316348268318421616.47-90AFD155331554826831742161945-70Section 1300E

AFD1483316888268329421052.5187-45AFD1493316888268329421044.8220-50Section 1450E

AFD1463318278268278424340.37-60

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289836

Source: Aftermath Silver Ltd.

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Valero Energy (NYSE:VLO) has been one of the energy sector’s standout performers and the Street’s consensus price target sits at just $214.22, but Raymond James is making a far bolder call.

Raymond James raised its price target on Valero to $290 from $215, maintaining a Strong Buy rating. With the stock trading near $241.75, that target sits well above the current trading price and sits well above analyst consensus. But can VLO realistically reach $290 by end of 2026? Raymond James

Raymond James’s $290 VLO Prediction Raymond James acknowledges that consensus estimates for Q1 may have risen sharply due to oil market and Middle East conflict-driven margin spikes, but short-term refiners may struggle to fully capture these “spiky” margins. The conviction is in what comes next: forward strip margins suggest considerably higher earnings potential, with medium-term upside likely to dominate market focus as elevated refining margins persist well after the conflict subsides. That structural thesis is grounded in real operational data. Valero posted Q4 2025 EPS of $3.82, beating estimates of $3.27, while Q3 2025 refining margins reached $13.14 per barrel versus $9.09 a year earlier.

Key Drivers of VLO Stock Performance Structural sour crude advantage: Valero’s Gulf Coast coker infrastructure gives it a durable edge processing discounted heavy crude. Management noted on the Q4 earnings call that Venezuelan crude processing capability is now “substantially north” of the historical 240,000 barrels per day following the 2023 Port Arthur coker expansion, creating a lasting feedstock cost advantage that compounds returns through the cycle. Record operational efficiency: CEO Lane Riggs called 2025 “our best year for mechanical availability, personnel safety, and environmental performance,” with record throughput of 3.1 million barrels per day at 98% capacity utilization. That reliability directly converts to cash flow. Shareholder returns with dividend growth: Valero raised its quarterly dividend 6% to $1.20 per share in January 2026, extending 38 consecutive years of dividend payments. With FY2025 operating cash flow of $5.826 billion and a commitment to return a minimum of 40-50% of adjusted operating cash flow to shareholders through the cycle, the income stream is well-supported. What Will It Take for VLO to Reach $290? At a $290 target and 298.95 million shares outstanding, Valero would carry a substantially higher market cap, approaching roughly $86.7 billion, compared to its current $72.27 billion $72.29 billion. Getting there requires three things: refining margins holding at elevated levels into Q2 and beyond as Raymond James projects; continued execution on the $230 million St. Charles FCC unit optimization project expected online in H2 2026; and the market re-rating the stock as investors recognize the margin cycle has structural, not purely geopolitical, underpinnings.

The primary risk is a faster-than-expected normalization of refining margins if geopolitical tensions ease sharply and global refinery utilization rebounds simultaneously. Raymond James’s conviction rests on the forward strip, not the current spike, making $290 a target grounded in where earnings are heading rather than where they are today. That target implies roughly 20% additional upside and sits well above analyst consensus.

Key Takeaways Hologic's buyout of up to $79 per share offers just 0.6% upside from recent levels.Align Technology hit $4B revenues in 2025, with aligner volumes rising 6.7% globally.DSO growth and digital tools adoption are boosting Align Technology's long-term expansion. Hologic (HOLX - Free Report) and Align Technology (ALGN - Free Report) are two well-established players in the medical technology (MedTech) market, each with distinct niche. Hologic develops diagnostics, surgical, and medical imaging technologies to advance women’s health. In the last five years, a series of tactical acquisitions helped expand the company’s existing businesses.

Align Technology designs and sells Invisalign clear aligners for the treatment of malocclusions, iTero intraoral scanners, and exocad computer-aided design and computer-aided manufacturing (“CAD/CAM”) software for dental laboratories and practitioners. The company also invests in clinical support, product improvements, technological innovations, clinical education and advertising to supplement growth.

With the global MedTech market projected to reach $666.25 billion, per Statista, investors are closely tracking opportunities in this sector to enhance their portfolio. Here’s a closer look at how the two companies currently stack up.

The Case for HOLXHologic’s Diagnostics division is largely driven by sales of the Molecular Diagnostics assays. Performance wise, the unit’s revenues fell 3.5% in the first quarter of 2026, mainly due to lower sales of COVID-19 tests and legacy assays for sexually transmitted infections (STIs). The decline was partially offset by stronger sales of BV CV/TV and Panther Fusion assays.

Last year, Hologic’s new Panther Fusion Gastrointestinal (GI) Bacterial and Expanded Bacterial Assays secured the FDA’s 510(k) clearance and CE-IVDR approval in the European Union.  In addition, Biotheranostics is seeing strong adoption of Breast Cancer Index (BCI), a test that determines the benefit of extended endocrine therapy.

Within Breast Health, the acquisition of Endomagnetics in 2024 enhanced the Interventional business with cutting-edge products and R&D capabilities, contributing to the 1.8% revenue growth in the first quarter. Hologic is set to commercially launch the Envision Mammography Platform this year, offering patients a high-speed 3D mammogram with an industry-leading 2.5-second scan time.

The GYN Surgical division held momentum, with first-quarter sales up 8.7% year over year, driven by the Gynesonics acquisition and higher sales volume of MyoSure devices and Fluent Fluid Management products.

Hologic’s $18.3 billion take-private deal is edging toward completion, with 99.8% shareholder approval secured at the Feb. 5 special meeting. Under the terms, Blackstone and TPG will acquire all outstanding Hologic shares for $76 per share in cash, plus a non-tradable contingent value right (CVR) tied to certain global Breast Health revenue goals in fiscal 2026 and 2027. The aggregate purchase price of up to $79 per share represents a 46% premium to the May 23 closing price. With the stock closing yesterday’s session at $75.54, the cash offer implies a mere 0.6% upside.        

The Case for ALGNAlign Technology’s total revenues reached a record $4 billion in 2025. In the fourth quarter, clear aligner volumes increased 6.7% year over year, driven by strong performance in EMEA, Latin America and APAC, along with stability in North America, and supported by growth among adult, teen and pediatric patients, as well as across GP and orthodontic channels.

A major strategic growth channel for Align Technology is the Dental service and orthodontic service organizations, DSOs or OSOs, which are growing faster than the traditional practices globally. Their scale, operational discipline, and need for consistent, tech-enabled workflows are driving rapid adoption of the company’s Invisalign system, iTero scanners and fully digital workflows across large networks of general dentists and orthodontists.

Align Technology’s portfolio strategy, including products with lower upfront cost options, is expanding access for doctors while supporting margins. Products such as Invisalign First, the Invisalign palate expander and Mandibular Advancement with Occlusal Blocks (MAOB) continues to fuel year-over-year growth across all regions. As of December 2025, more than 296,000 active Invisalign-trained doctors have treated more than 22 million people worldwide, including over 6.5 million teens.

The company’s expanding suite of digital diagnostic tools, including Align Oral Health Suite and Align X-ray Insights, supports earlier diagnosis and more informed treatment planning. When combined with the restorative capabilities of exocad and the visualization strength of iTero, these tools connect straightening, function and restorative care with a unified digital platform.

As of 2025 end, the company’s cash and cash equivalents totaled $1.09 billion with zero debt on its balance sheet. 

EPS Projections for HOLX & ALGNThe Zacks Consensus Estimate for Hologic’s fiscal 2026 earnings indicates 5.4% year-over-year growth to $4.49. In the past 60 days, the estimate has moved downward. 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Align Technology’s 2026 EPS indicate 6.7% year-over-year growth to $11.21. The estimate has been revised upward in the past 60 days.

Image Source: Zacks Investment Research

HOLX vs. ALGN: Price Performance & ValuationIn the past three months, Hologic shares have climbed 1.5%, whereas Align Technology surged 13.2%. 

Image Source: Zacks Investment Research

Hologic currently trades at a forward, two-year, price-to-sales (P/S) of 3.86X, slightly higher than its median. Align Technology’s 3.02X P/S sits below its median. 

Image Source: Zacks Investment Research

End NoteWhile Hologic carries strong underlying fundamentals, lower COVID testing and legacy STI test sales have weighed on its recent Diagnostics performance. With its buyout deal progressing, the small spread between the cash offer price and current levels suggests limited upside. Hence, it seems wise for current shareholders to consider exiting their position.

On the other hand, Align Technology is driving record Clear Aligner volume growth and continues to make strong progress with DSOs, its strategic growth channel. Analyst sentiment remains positive, reflected in the company’s rising earnings estimates. Given its attractive valuation, existing investors may want to retain their stock position for long-term gains. 

ALGN carries a Zacks Rank #3 (Hold), while HOLX has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shiba Inu reaches 1,558,200 holders with up to 12,000 new wallets added monthly. Long-term holders surge 78%, burn rate spikes 633%, and exchange supply drops to 80.9 trillion SHIB as large holders withdraw from trading platforms.

The Shiba Inu ecosystem is showing strong momentum across multiple fronts. On-chain data published by @Shibizens, the official X account managed by Shibarium admins and moderators, reveals notable growth in wallet numbers, long-term holding behavior, and token burns. The latest update paints a picture of an expanding retail base combined with tightening supply dynamics.

Holder Count Crosses 1.55 Million With Steady Monthly GrowthAs of March 25, the total number of SHIB holders stands at 1,558,200. The network has been adding between 8,500 and 12,000 new wallets each month. The @Shibizens report describes this as "steady growth," noting that wallet activity is "slightly up" and that wallets are "not idle." This signals that new participants are not simply accumulating and disappearing. They are engaging with the token.

The retail sector is clearly driving this expansion. Consistent monthly inflows of new wallets suggest that grassroots interest in SHIB remains intact, even amid broader market uncertainty. This level of organic growth is a key indicator for any asset looking to build lasting community support.

The concentration of supply at the top level deserves attention. The top ten SHIB wallets collectively hold 62.65% of the circulating supply. The largest single holder is the burn wallet, which contains 410,433,152,500,723 SHIB, equivalent to 41.04% of the total supply. The remaining concentration sits with major exchanges including Bybit, Robinhood, Binance, and Crypto.com, alongside prominent crypto whales.

Long-Term Holders Surge 78% as Exchange Supply ContractsOne of the more striking data points in the @Shibizens report is the 78% increase in long-term holders over the past year. This shift reflects a maturing investor base. Holders are choosing to retain their SHIB rather than trade it short-term. That behavioral change typically reduces selling pressure and tightens available supply over time.

Reinforcing this trend, the amount of SHIB held on crypto exchanges has dropped to approximately 80.9 trillion tokens. The report attributes this decline to large holders withdrawing significant quantities of SHIB from trading platforms. When supply moves off exchanges and into private wallets, it generally signals reduced intent to sell. This is a bullish on-chain signal widely followed by crypto analysts.

The SHIB burn rate recorded a sharp spike over the past hour. According to data from the Shibburn portal, the burn rate surged 633.37%. A total of 16,234,914 SHIB was removed from the circulating supply during this period.

At the time of writing, Shiba Inu trades at around $0.00000619, up 1.31% in the last 24 hours.

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The Ethereum Foundation has introduced a new platform, pq.ethereum.org, bringing all its post-quantum (PQ) research into one place. This marks a major step in preparing Ethereum for future risks from quantum computing.

8+ Years of Research Comes TogetherThis effort didn’t start recently. It goes back to 2018, when early research began on new cryptographic methods. Over time, multiple teams worked together to build a long-term plan for securing Ethereum.

The Foundation says the goal is not just to replace old systems, but to make the network stronger, simpler, and more decentralized for the long run.

What the New Platform ShowsThe website explains how quantum technology could impact different parts of Ethereum, including execution, consensus, and data layers. It also shares a clear roadmap for how the network can slowly move to quantum-resistant systems.

Current estimates suggest that major Layer 1 upgrades could be ready by 2029, while full changes may take more time due to the scale of the network.

Moreover, Post-quantum security is part of Ethereum’s bigger plan, called the “strawmap.” This includes goals like faster transactions, better scaling, and improved privacy.

Notably, the roadmap outlines several upgrades expected over the next few years, with regular improvements planned. However, faster research progress could shorten these timelines.

Open Resources and Growing ParticipationThe platform includes open tools like research papers, technical specs, and FAQs to help developers understand the changes. It also features interviews in collaboration with Zero Knowledge FM.

More than 10 teams are already testing solutions, showing growing interest in post-quantum upgrades. The Foundation is also planning a research event in Cambridge in October 2026 to bring more experts together.

With this launch, the Ethereum Foundation is making its long-term security plans more open and easier to follow. It shows that Ethereum is preparing early for future challenges while continuing to improve its overall network.

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Bhutan just sold off another big chunk of Bitcoin. The kingdom moved 519 Bitcoin from its government wallet this week, worth roughly $37 million at current prices.

The sale marks the latest step in what’s becoming a pretty clear pattern for the small Himalayan nation. Bhutan has been steadily reducing its Bitcoin stash throughout March, with this transaction bringing their holdings way down from where they sat in 2024. Officials haven’t said why they’re selling, but the moves suggest something’s changed in their thinking about crypto. The Royal Monetary Authority of Bhutan, which handles the country’s financial assets, hasn’t released any statements or documentation about these Bitcoin sales. Market watchers are left guessing about what’s driving the decisions.

Government Wallet Activity The 519 Bitcoin went straight from Bhutan’s state-linked wallet to a major crypto exchange. That’s a lot of money moving around for a country with Bhutan’s economic profile. And it’s not the first big transfer this year – the kingdom has been active in moving Bitcoin throughout 2026.

Bitcoin’s price has been all over the place lately, bouncing between $20,000 and $30,000 over recent months. The timing of Bhutan’s latest sale is interesting – Bitcoin was trading around $29,000 on March 22, up from earlier in the month. Maybe they’re trying to catch these price bumps when they can.

Crypto analysts at CryptoQuant noticed the transaction volume coming out of Bhutan’s wallet. They said it’s a big change from previous years when the country was way more quiet about large transfers. The data shows Bhutan’s been much more active lately.

Market Reaction The Bitcoin market didn’t really flinch at Bhutan’s sale. Too small to move the needle much. But institutional investors are definitely paying attention to what this might mean for sovereign crypto strategies going forward.

Some traders think Bhutan’s moves could signal broader economic pressures. Others figure it’s just smart portfolio management – taking profits when Bitcoin’s up, diversifying assets. Without any official word from the government, everyone’s basically guessing.

International finance circles are watching closely. Bhutan’s actions could influence how other small nations think about holding crypto reserves. The lack of transparency from Bhutan’s financial authorities just adds more mystery to their digital asset strategy. Industry observers have noted parallels with Bitcoin falls below ,000 despite geopolitical in recent weeks.

The cryptocurrency community is buzzing with theories. Some believe external economic pressures are forcing Bhutan’s hand. Others think it’s simply asset reallocation to optimize their financial portfolio. The Royal Monetary Authority hasn’t provided any clarity on their long-term crypto plans.

Market analysts are trying to piece together Bhutan’s strategy from the limited data available. Previous reports from 2024 showed Bhutan held significantly more Bitcoin, making these recent sales a notable shift in their financial approach. The exact reasons for this change remain unclear.

What’s Next Unclear Nobody knows what Bhutan plans to do with their remaining Bitcoin holdings. The government hasn’t outlined any comprehensive strategy for future crypto dealings. That leaves market participants guessing about possible future moves and their potential impact.

No comments from Bhutanese authorities about the recent transaction. Further actions by Bhutan in the crypto space remain to be seen. The silence from officials is pretty typical for the kingdom, but it’s frustrating for analysts trying to understand their moves.

As of March 25, no official comment has been made by the Bhutanese government. The financial community is left to interpret the limited data that’s publicly available. Reached for comment, the Royal Monetary Authority didn’t respond to requests for clarification on their Bitcoin strategy. Analysts have drawn connections to Strategy Plans Billion Equity Sale amid evolving conditions.

The movement of 519 Bitcoin coincides with heightened activity in global cryptocurrency markets. Bhutan might have capitalized on Bitcoin’s recent price level for this latest sale, but that’s just speculation without official confirmation from the government.

Bhutan’s Bitcoin activities trace back to the country’s unique approach to cryptocurrency mining. The kingdom has been quietly mining Bitcoin since around 2017, leveraging its abundant hydroelectric power resources to fuel energy-intensive mining operations. This gave them a substantial Bitcoin treasury that peaked at over 600 coins in early 2024.

The recent sales pattern suggests Bhutan might be responding to domestic economic needs or international financial obligations. Several small nations have faced pressure to liquidate digital assets amid global economic uncertainty. El Salvador, which adopted Bitcoin as legal tender, has faced similar scrutiny over its crypto holdings during volatile market periods.

Frequently Asked QuestionsHow much Bitcoin did Bhutan sell recently?Bhutan sold 519 Bitcoin worth approximately $37 million at current market prices.

Why is Bhutan selling its Bitcoin holdings?The Royal Monetary Authority of Bhutan hasn’t disclosed the reasons behind the Bitcoin sales, leaving motivations unclear.

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Hyperliquid launches PURR options with the aim of making it easier for investors to trade shares and manage risk. HYPE token climbs 5% in 24 hours, which maintains a positive trend even in crypto market pressures Hyperliquid Strategies is deepening its footprint in crypto-linked equities with the launch of options trading for its PURR stock on the Nashdaq options market, which is mainly to enhance liquidity, price discovery, and risk management for investors.

The official statement released on March 24, says that the launch is expected to make it easier to buy and sell PURR shares and help set a fair market price. These shares give investors a cost-efficient way to gain exposure to Hyperliquid’s native token, HYPE. 

The company mainly focuses on collecting HYPE tokens and increasing their value through methods like staking, earning rewards, and actively participating in its ecosystem.

According to CEO David Schamis, the new PURR options give investors an easier way to handle risks while getting involved in the company’s fast-growing ecosystem.

Further, Schamis said that the launch comes as Hyperliquid sees record activity on its platform. 

While trading in tokenized assets like oil futures has been booming, and the company’s new HIP-3 markets, which let users trade futures tied to real-world assets that have already reached $1.74 billion in open positions just six months after starting.

HYPE Surges While PURR Stock Holds Steady While writing, HYPE is trading at $40.23 and it surges more than 5% in the last 24 hours. Even in the prolonged downturn of crypto market and geopolitical tensions, HYPE is nearly 49% up over the past month, as per CoinMarketCap.

Meanwhile, the 24-hour trading volume is low over 24%. Also, the HYPE token is trading 32% down from its last all-time high of $59.39 in September 2025.

According to Google Finance data, Hyperliquid Strategies Inc’s stock PURR is currently priced at $5.29, with no change during the regular trading day. Earlier, it reached $5.49, up by 3.78%.

Highlighted Crypto News:

Larry Fink Says Tokenization Will Transform Markets in 2026 Investor Letter

Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.

03/25 update below. This post was originally published on March 24

Bitcoin and crypto have exploded onto Wall Street since BlackRock led the campaign to get a long-awaited, fully-fledged bitcoin exchange-traded fund (ETF) approved (fueling wild predictions bitcoin could eventually replace the U.S. dollar).

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The bitcoin price has bounced back from the depths of a crash that’s wiped more than $2 trillion worth of value from the combined crypto market since October last year, adding 20% to climb above $71,000 per bitcoin, though some fear a fresh bitcoin price crash could be about to hit.

Now, as traders brace for an imminent Elon Musk crypto game-changer, the chief executive of BlackRock has predicted bitcoin and crypto could become a $500 million revenue generator for the company by 2030.

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ForbesWhite House Quietly Confirms A ‘Major’ Crypto Milestone As Bitcoin Braces For A Huge Price EarthquakeBy Billy Bambrough

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BlackRock chief executive Larry Fink has predicted bitcoin and crypto could be making the company $500 million per year by 2030 even as the bitcoin price struggles to recover from a bitcoin price crash.

Copyright 2026 The Associated Press. All rights reserved

In his annual 2026 shareholders’ letter, BlackRock chief executive Larry Fink, one of the most bullish bitcoin and crypto supporters on Wall Street, predicted that crypto, along with BlackRock’s other high-growth markets, could become $500 million revenue generators "in the next five years."

BlackRock, which manages almost 800,000 bitcoin worth $55 billion on behalf of clients via its market-leading spot bitcoin ETF, currently makes around an estimated $250 million in annual fees from its iShares Bitcoin Trust ETF, according to a November Coindesk report.

03/25 update: BlackRock’s head of digital assets, Robbie Mitchnick, has branded most of crypto market “nonsense," revealing institutional investors are increasingly concentrating on bitcoin and ethereum.

The combined crypto market is made up of thousands of smaller cryptocurrencies that are valued at around $1 trillion, with bitcoin’s $1.4 trillion market capitalization followed by ethereum’s $265 billion.

Mitchnick, speaking at the Digital Asset Summit in New York in comments reported by Coindesk, told attendees that “the majority of that is nonsense,” revealing that BlackRock’s clients aren’t interested in crypto beyond bitcoin and ethereum.

In 2024, BlackRock followed up the launch of its game-changing spot bitcoin exchange-traded fund (ETF) with a similar ethereum fund and has this year launched an ethereum staked ETF, offering yield to investors.

Mitchnick went on to predict bitcoin could act as diversifier during periods of technological upheaval, such as the artificial intelligence revolution, playing a role similar to gold’s traditional safe haven from geopolitical uncertainty.

“There are intersection points that are relevant… there’s clearly an advantage and an opportunity to play a role in the AI economy,” Mitchnick said.

“AI agents are very unlikely to use, you know, Fedwire and SWIFT. What is crypto? Crypto is computer-native money… AI is computer-native data and intelligence. And so there’s a natural symbiosis there.”

Meanwhile, BlackRock’s USD Institutional Digital Liquidity Fund (Buidl) has become the world’s largest tokenized fund, last year topping $2 billion in assets under management.

“BlackRock has already established early leadership in bringing institutional-quality products to the digital markets at scale, with nearly $150 billion in assets under management connected to digital assets,” Fink wrote.

“Our tokenized treasury fund has grown into the largest tokenized fund in the world, and we manage $65 billion of stablecoin reserves, alongside nearly $80 billion of digital asset exchange-traded products. We’ve built all of these franchises in just the last few years, and we’re studying opportunities to grow our position even further.”

Fink, who described capitalism as "working—just not for enough people,” has again predicted blockchain-based tokenisation—the idea that traditional assets like stocks, bonds, and real estate can be converted into onchain, crypto-based, tradable tokens—will fling open the doors to vast, untapped markets that crypto companies and banks are racing to reach first.

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Forbes‘We’re Doing Everything We Can To Destroy It’—Legendary Billionaire Predicts U.S. Dollar Collapse Amid Bitcoin Price RallyBy Billy Bambrough

The bitcoin price has bounced back from its recent lows, with continued support from the likes of Wall Street giant BlackRock helping to reassure traders.

Forbes Digital Assets

Fink said tokenization could “update the plumbing of the financial system” by making access to investments easier and comparing the adoption of blockchain-based tokenization to the rapid development of the internet in the 1990s.

“Half the world’s population carries a digital wallet on their phone,” Fink wrote, pointing to research from Juniper. “Imagine if that same digital wallet could also let you invest in a broad mix of companies for the long term—as easily as sending a payment.”

Last year, Fink, speaking alongside Coinbase chief executive Brian Armstrong and New York Times journalist Andrew Ross Sorkin at a DealBook event, warned that the U.S. risks falling behind other governments if it fails to embrace the trends of tokenization and artificial intelligence.

“If we don’t spend enough faster on digitization and tokenization, other countries will beat us,” Fink said, echoing a November warning from U.S. president Donald Trump that China is trying to take on the U.S. as the world’s “capital of crypto.”

Fink also dismissed the idea espoused by the likes of Warren Buffett that bitcoin is fundamentally worthless, calling it an "asset of fear" that falls when people are less “fearful.”

"You own bitcoin because you’re frightened of your physical security. You own it because you’re frightened of your financial security. The long-term fundamental reason you own it because the debasement of financial assets, because of deficits," Fink said.

Bitcoin traded within a defined range on Wednesday, reflecting consolidation following recent volatility, with price action hovering near the upper half of its intraday band. Market signals remained mixed across timeframes, with neutral oscillators offset by a broadly supportive moving average structure.

Bitcoin Chart Outlook on March 25 Price action on bitcoin‘s daily chart reflected a market lacking directional conviction but not surrendering structure. Bitcoin held within a 24-hour range of $68,969 to $72,026, maintaining a position above key psychological support near $70,000.

The absence of a decisive breakout or breakdown reinforces the interpretation of consolidation rather than reversal. Historical volume concentration below $70,000, extending toward $65,000, suggests underlying demand remains intact, acting as a buffer against sharper downside extensions.

BTC/USD 1-day chart via Bitstamp on March 25, 2026. On the four-hour bitcoin chart, the structure continued to lean constructive, albeit without acceleration. A recovery from lower levels established a sequence of higher lows, indicating buyers remain active on dips. However, price struggled to generate sustained momentum beyond the upper boundary near $71,600, reinforcing that resistance remains technically relevant. The lack of expansion in directional strength aligns with broader consolidation, suggesting the market is pausing rather than preparing for an immediate trend shift.

BTC/USD 4-hour chart via Bitstamp on March 25, 2026. The one-hour chart presented a more optimistic, albeit short-lived, narrative. Intraday price action showed a gradual upward progression, with incremental advances from $69,000 toward $71,000 levels. However, the move approached resistance without a notable surge in participation or volatility. Order book data reflected tightly clustered bids and asks between $70,539 and $70,578 per bitcoin, indicating short-term equilibrium. In plain terms: plenty of activity, but no one pressing hard enough to tip the balance.

BTC/USD 1-hour chart via Bitstamp on March 25, 2026. Oscillator readings reinforced the broader theme of indecision. The relative strength index ( RSI) printed at 53, the Stochastic oscillator remained at 42, and the commodity channel index (CCI) registered 37, all firmly within neutral territory. The average directional index (ADX) at 17 further confirmed weak trend strength, while the Awesome oscillator also failed to signal momentum expansion.

Momentum (10) leaned negative at −1,372, contrasting with the moving average convergence divergence ( MACD), which remained positive at 134. Collectively, these indicators depict a market that is neither overextended nor particularly inspired.

Moving averages, however, painted a more supportive picture beneath the surface. Shorter-term measures, including the exponential moving average (EMA) (10) at $70,562 and simple moving average (SMA) (10) at $71,012, aligned positively alongside the EMA (20) at $70,356 and SMA (20) at $70,281. The EMA (30) and SMA (30) also reinforced this bias.

That said, longer-term signals introduced friction, with the EMA (50) at $72,160 and higher-period averages such as the EMA (100) at $77,982 and EMA (200) at $86,228 trending above price, acting as overhead pressure. In effect, short-term structure supports stability, while longer-term averages quietly remind traders who is still in charge.

Bull Verdict: Bitcoin’s structure remains intact across timeframes, with higher lows on the four-hour chart and steady intraday progression on the one-hour chart signaling underlying demand. Short-term moving averages continue to support price action, and consolidation above $70,000 suggests accumulation rather than weakness; a sustained push through $71,640 would open the door for a retest of higher resistance zones.

Bear Verdict: Despite short-term support, bitcoin continues to stall below key resistance near $71,600, with longer-term moving averages positioned well above price, reinforcing overhead pressure. Neutral oscillators and a weak average directional index (ADX) reflect a lack of trend strength, and failure to hold the $68,970–$70,000 support zone would expose the market to deeper downside within the broader range.

FAQ 🔎 What is bitcoin’s price outlook on March 25, 2026?
Bitcoin is consolidating between $68,970 and $71,640 with no confirmed breakout or breakdown. Are bitcoin technical indicators bullish or bearish right now?
Indicators are mixed, with neutral oscillators and short-term moving averages showing support. What are the key support and resistance levels for bitcoin?
Support sits at $68,970–$70,000, while resistance is near $71,640. Is bitcoin trending or ranging in the current market?
Bitcoin is range-bound with weak trend strength and no clear directional momentum.

XRP may be setting up for a large upside liquidation event even as price action remains fragile in the short term, according to Cryptoinsightuk analyst Will Taylor, who argued in a March 24 video that leverage positioning, funding data, and broader market structure still point to a higher move later in the cycle.

Taylor’s core claim is not that XRP has bottomed cleanly or that downside risk has disappeared. It is that the balance of leverage, sentiment, and liquidity remains skewed in a way that could eventually force price higher, particularly if crypto gets a supportive macro or policy catalyst.

Bullish XRP Liquidity Builds Above A large part of that thesis rests on liquidation maps. Looking at XRP, Taylor said there is “quite significant liquidity” below current levels in the near term, especially around $1.25 to $1.21. But he stressed that the more important picture appears on the higher-timeframe view, where the density of liquidation liquidity is far greater above the market than below it.

“Significant upside liquidity,” he said. “Again, look at the difference between the denseness of all this liquidity on the right compared to the left. Now, yes, there’s liquidity down towards a dollar, down towards 94 cent, but all the way up to and even including $3.59, there’s substantial liquidity for XRP.”

He then put numbers on that imbalance. On the downside, Taylor pointed to roughly $20 million in short-term liquidity around $1.24. On the upside, he said the map shows around $300 million near $3.38 and another roughly $300 million near $3.60. That contrast, he argued, is one reason he continues to lean bullish despite the market’s weak tone.

“It’s so much liquidity to the right-hand side,” Taylor said. “And I think that’s something people need to watch for here.”

XRP long term (swing) liquidity | Source: X @Cryptoinsightuk Taylor tied that setup to derivatives sentiment. He said XRP has already gone through eight consecutive weeks of negative aggregated funding, with the current week potentially becoming a ninth if it were to close negative. According to him, the only comparable stretch came at the 2022 bear-market low.

“We’ve had eight weeks of negative funding,” he said. “The only other time we’ve had that was here, which was the bottom of the bear market in 2022. So, I do think that people are underestimating sentimentally and structurally where we could be in crypto right now.”

Still, Taylor did not present the case as a straight-line breakout. He repeatedly warned that XRP could continue compressing inside what he described as a descending wedge or bull-flag-type structure, and that a deeper flush remains possible before any larger move develops.

“It doesn’t mean we have to go up here and break straight out to the upside,” he said. “This is also possible to happen… You could just chill and go down like that. But all this is compression of volatility. And when that compression of volatility gets realized, the moves more if we do that, if we go down to say like $1 by June, the move to the upside will be even more explosive than it would be if we move now.”

He floated several possible catalysts, including progress on crypto legislation such as the Clarity Act, broader monetary easing from the Federal Reserve, or some other US policy move that could improve liquidity conditions. “I do think there’s going to be some sort of narrative that comes out that’s going to be quite positive for the markets,” he said. “I think the Clarity Act could be one of the things that we really start to lean on.”

At press time, XRP traded at $1.42.

XRP must break the 0.618 Fib now, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

13h05 ▪ 4 min read ▪ by Lydie M.

Summarize this article with:

Bitcoin net outflows from exchange platforms send a fairly clear signal: a portion of the market is still buying, then withdrawing their BTC instead of leaving them available for sale. This movement alone does not announce an immediate surge. However, it shows that the current phase looks more like patient accumulation than mere speculative agitation.

In brief Exchange outflows suggest real Bitcoin accumulation. The market remains range-bound, lacking strong enough demand. The signal is constructive, even without an immediate surge. Withdrawals that Speak Louder Than Market Noise Bitcoin outflows from exchanges are often among the most watched market signals. The logic is simple. When investors withdraw their BTC from a platform, these assets become less readily available for quick selling.

This is precisely what the latest reports shared by CryptoQuant highlight. Net flows remained negative for much of the month. In other words, more bitcoins left platforms than entered them.

This detail matters because an inflow to exchanges often precedes profit-taking or arbitrage. Conversely, persistent outflows generally indicate a different intent. The market is not yet shouting “new bull run,” but it is clearly whispering “I’m holding.”

Slow Accumulation, but More Credible Than Simple Speculation The interesting point lies elsewhere: this dynamic does not resemble a short-term frenzy. Several analysts see it as the behavior of investors positioning for the long term, without reacting to every price shake.

This also partly explains the range phase observed on Bitcoin. The market still lacks a strong enough catalyst to trigger a clear trend. However, in the background, part of the available supply seems to continue to scarce on centralized platforms.

This reading changes the market tone. When speculative capital dominates, movements are more jittery, sudden, and sensitive to daily headlines. Here, the picture looks different. There is less visible excitement but more silent conviction.

Why the Bitcoin Price Remains Stuck Despite This Positive Signal Accumulation does not always trigger an immediate bitcoin price rise. It is a common mistake to believe that a good on-chain signal mechanically results in a green candle. In reality, the market can absorb this type of flow for a long time without significantly breaking its structure.

For now, demand seems sufficient to support the price but not yet strong enough to launch a sustained impulse. This imbalance feeds the current oscillations within a tight range. The market is not really dropping, but it is not accelerating either.

This phase is often frustrating for impatient traders. It is much less so for investors who read the market over several months. In such sequences, the price seems still on the surface, while beneath, the distribution of coins continues to change.

Bitcoin Shows More Subtle Signs of Resistance Than It Appears Another element is worth noting: Bitcoin continues to form slightly higher highs and lows at times. This is not yet a dazzling show of strength. But neither is it the behavior of a totally weakened asset.

Glassnode also observes a slight improvement in net unrealized profits and losses. Market sentiment remains fragile, certainly, but unrealized losses are slowing. We are still far from euphoria. The improvement remains discreet, but that is sometimes how turnarounds begin.

Ultimately, what exchange outflows tell us is less about an imminent explosion and more about a change in attitude. Investors withdrawing their BTC show they are not just watching the next move. They are positioning on a broader thesis: that Bitcoin retains value even when the market hesitates.

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Lydie M.

Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Key Highlights Table of Contents

Key HighlightsFiscal 2025 Brings Revenue Acceleration and Profitability ImprovementsBottom-Line Results Present Complex Picture Amid Investment PhaseFourth Quarter Results Reinforce Positive Trajectory Heading Into 2026Get 3 Free Stock Ebooks Shares of Chewy decline 0.59% to close at $23.45 following fiscal 2025 earnings release Full-year revenue reaches $12.6B with notable margin improvements Adjusted EBITDA shows substantial growth while net income remains challenged Fourth quarter demonstrates consistent demand patterns and ongoing margin enhancement Investors respond cautiously despite robust customer base expansion and cash generation Shares of Chewy Inc. (CHWY) settled at $23.45, declining 0.59% in trading despite an initially positive session. The stock gave back early advances heading into the closing bell, even as the pet retailer unveiled strong fiscal 2025 financial performance. The company demonstrated consistent revenue advancement and profitability improvements, though the market’s reaction remained measured.

Chewy, Inc., CHWY

Fiscal 2025 Brings Revenue Acceleration and Profitability Improvements Chewy delivered full-year net sales totaling $12.60 billion, representing a 6.2% increase from the previous fiscal year. When adjusted for calendar differences, the normalized revenue growth rate accelerated to 8.3%, indicating robust underlying business momentum. The company sustained this performance through enhanced customer engagement and broadened merchandise selections.

The gross profit margin expanded to 29.8%, marking a 60-basis-point improvement over the prior year’s level. This margin enhancement stemmed from disciplined expense management and streamlined operational execution. Chewy demonstrated strengthening profitability fundamentals throughout its core business operations.

The company’s adjusted EBITDA climbed to $719.2 million, representing substantial year-over-year growth. The corresponding adjusted EBITDA margin widened to 5.7%, reinforcing the quality of earnings generation. Furthermore, adjusted net income totaled $540.5 million, underscoring stable operational execution.

Bottom-Line Results Present Complex Picture Amid Investment Phase Chewy generated net income of $222.8 million during fiscal 2025, accounting for share-based compensation expenses. The net profit margin registered at 1.8%, representing a 150-basis-point contraction from the year-ago period. This compression reflected elevated operating expenses and strategic investment initiatives.

Basic earnings per share totaled $0.54, with diluted earnings per share coming in at $0.52. Both metrics decreased by $0.39 versus the comparative period. However, adjusted profitability measures demonstrated advancement, suggesting improved core business economics.

Adjusted diluted earnings per share increased to $1.27, rising $0.23 year over year. This progression underscored operational efficiency improvements when extraordinary items were excluded. The adjusted figures offered enhanced transparency into Chewy’s fundamental business health.

Fourth Quarter Results Reinforce Positive Trajectory Heading Into 2026 Chewy posted fourth quarter net sales of $3.26 billion, advancing 0.5% from the year-earlier period. Normalizing for the 13-week comparison, revenue expanded 8.1%, demonstrating sustained customer demand. The company preserved growth momentum despite calendar-related distortions in the reported numbers.

The quarterly gross margin reached 29.4%, expanding 90 basis points compared to the prior-year quarter. Net income for the period totaled $39.2 million, while the net margin improved to 1.2%. These outcomes reflected progressive operational refinements throughout the quarter.

Quarterly adjusted EBITDA increased to $162.3 million, contributing to margin expansion reaching 5.0%. Adjusted net income experienced a modest decline to $114.8 million, impacted by cost headwinds. Chewy concluded the fiscal year serving more than 21 million active customers while generating healthy cash flows.

ETH sits at midpoint of its realized price band as market remains indecisive.

Ethereum steadied near $2,180 after modest daily gains, but remained down 6.3% on the week, as volatility eased even as conflicting claims of “productive” US talks and Iran’s outright denial added to geopolitical uncertainty.

With realized price acting as resistance, the leading crypto asset is struggling to break higher.

Realized Price Resistance Ethereum appears to be trading within a short-term range, according to analyst Darkfost. The current price sits close to the crypto asset’s average realized price of $2,300, which indicates that a large share of holders are near break-even. Using standard deviation bands, the projected upper bound of the realized price stands at $5,300, while the lower bound is estimated at $1,150.

Current positioning places Ethereum near the midpoint of this range. In the current market conditions, the realized price is acting as a resistance level, which essentially means that some investors may view it as an opportunity to exit at cost.

Adding to this, separate on-chain data shared by analyst Wise Crypto revealed that a developing tug-of-war between large holders and accumulating investors brought back important levels into focus. The $2,027 zone emerged as critical support, while the crypto asset broke above a former resistance of $2,148 on Wednesday. The analyst had previously stated that a break above this could revive upward momentum, whereas a drop below support may expose ETH to further downside toward $1,928.

Earlier this week, another analyst, Ali Martinez, found that Ethereum is in a prime accumulation zone between $2,000 and $1,800. Notably, its MVRV ratio also dropped below 0.8, a level historically associated with undervaluation and prior market bottoms. This is in line with a developing ascending triangle on the weekly chart, while a recent bullish flip in the Supertrend indicator pointed to early signs of a possible trend reversal after a long period of consolidation.

Staking Surges On the staking side of things, crypto staking provider Everstake stated that Ethereum may be entering a new phase. It was observed that the total amount of Ethereum staked has reached a record high. Around 38 million ETH is currently locked in staking, reducing the share of tokens available for trading in the market.

You may also like: Ethereum Tipping Point: Whales Selling Amid Fresh Accumulation (Analyst) Ethereum Enters Prime Accumulation Zone as On-Chain Signals Flash ‘Generational Buy’ Bitcoin and Ethereum Markets Rattled by Iran Tensions, Hot Inflation Data, and Fed Warning According to the firm, this decline in liquid supply, alongside continued demand, is creating conditions that could support a stronger price environment.

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Bhutan’s state-owned investment arm moved 519.7 BTC, roughly $36.75 million, to wallets linked to Singapore over-the-counter (OTC) desk QCP Capital early Wednesday morning, continuing a pattern of steady, low-profile bitcoin liquidations that has trimmed the kingdom’s holdings by an estimated 65% from peak.

Bhutan Sovereign Bitcoin Wallet Moves $36.75 Million to QCP Capital Onchain analytics account @Onchainlens flagged the transaction first, with Arkham Intelligence labeling the source wallet address 3QkQz739oPCen7HfNQzaNyV6DwDx4JB7iS as a known Bhutan government-controlled address. The funds were split across two new wallets in a single transaction, one of which carries a QCP Capital association consistent with prior moves.

Druk Holding and Investments (DHI), the royal government’s strategic development arm, oversees Bhutan’s bitcoin mining operations and the resulting treasury. The country began accumulating BTC around 2019–2020, using cheap hydropower to mine at a scale few anticipated from a landlocked Himalayan nation of roughly 800,000 people.

X account Onchain Lens flagging Bhutan’s transfer. At peak, Bhutan held an estimated 13,000 BTC — worth over $1.4 billion and equivalent to roughly 40% of the country’s GDP. That number has declined sharply. After a 973 BTC tranche moved last week (valued at approximately $72.3 million, partly routed through Binance-linked addresses), this week’s sale pushes Bhutan’s estimated year-to-date liquidations above $110 million.

Current holdings are estimated to be around 4,452.799 BTC, or roughly $319 million at current bitcoin prices. No meaningful inflows above $100,000 have been recorded in over a year.

The pattern points to reduced mining output following the April 2024 Bitcoin halving, which cut block rewards in half and compressed margins across the industry. Bhutan’s hydropower resources remain extensive, but competing domestic energy demands and higher operational costs have changed the economics.

DHI has not issued a public statement about the transfers. That silence is consistent with how the kingdom has handled its entire bitcoin program — quietly, methodically, and without fanfare.

Execution through QCP Capital‘s OTC desk is deliberate. Moving large BTC blocks off-exchange avoids direct order book impact and keeps price slippage low. Analysts tracking the wallet activity describe the sales as routine treasury management, not distressed liquidation.

Bitcoin was trading above $70,000 at the time of the latest transfer. The move did not trigger visible price volatility — a function of both the OTC routing and the clip size, which sits well within the range institutional desks handle daily.

Bhutan’s approach to bitcoin has drawn attention from sovereign wealth managers and nation-state observers. El Salvador made headlines for its public accumulation strategy. Bhutan took the opposite route: mine quietly, hold quietly, sell quietly.

What’s left of that treasury is still worth hundreds of millions. At the current drawdown pace, analysts watching onchain flows expect continued monthly sales in the $5–$30 million range through the remainder of 2026.

FAQ 🇧🇹 How much bitcoin does Bhutan currently hold? After the March 25 sale, Bhutan’s estimated remaining holdings are between 4,400 and 5,400 BTC, worth approximately $315–374 million. Why is Bhutan selling its bitcoin? DHI appears to be realizing liquidity from its treasury through steady OTC sales, consistent with post-halving mining economics and domestic hydropower demands. Who is QCP Capital and why does Bhutan use them? QCP Capital is a Singapore-based institutional crypto trading firm that facilitates OTC block trades, allowing Bhutan to sell large BTC amounts without directly impacting exchange markets. Has Bhutan made any official statement about its bitcoin sales? No — the Royal Government of Bhutan and DHI have not issued any public statements regarding these onchain transfers, consistent with their historically low-profile approach.

BitMine Immersion Technologies (NYSE: BMNR), the publicly traded firm chaired by veteran market strategist Tom Lee, has once again demonstrated its deep conviction in Ethereum. According to blockchain tracking data, the company recently channeled approximately $145 million into ETH purchases through major exchange wallets, including a notable transfer of over 67,000 tokens via Kraken.

This move lifts BitMine’s total holdings to roughly 4.66 million ETH—equivalent to nearly 3.86 percent of the circulating supply—and advances its self-styled “Alchemy of 5%” initiative aimed at commanding a meaningful slice of the network.

The timing is telling.

With Ethereum prices lingering near recent lows amid broader market hesitation, BitMine’s aggressive buying streak reflects a calculated bet that the asset is bottoming out.

Lee, whose bullish calls have shaped institutional sentiment for years, has repeatedly described the current environment as the tail end of a “mini-crypto winter.”

By steadily accumulating even as headlines swirl with geopolitical risks and macroeconomic uncertainty, the firm is positioning itself not merely as a holder but as one of the largest corporate treasuries dedicated to Ethereum.

Yet this enthusiasm invites a sharper look at Ethereum’s fundamental character compared with Bitcoin.

Many investors view BTC as the quintessential store of value—digital gold backed by an unalterable monetary policy.

Its fixed supply cap of 21 million coins, enforced by periodic halvings, creates a predictable scarcity that rewards long-term holders and insulates the asset from arbitrary inflation.

Bitcoin’s simplicity and reliability have cemented its reputation as a non-sovereign reserve asset, ideal for preserving wealth across cycles.

Ethereum, by design, operates under a more dynamic framework.

Its monetary policy has evolved through successive upgrades, including the shift to proof-of-stake and transaction-fee burns.

Depending on network usage, ETH supply can contract or expand in ways that remain difficult to forecast with precision.

While this flexibility supports innovation, it introduces an element of uncertainty that undermines ETH’s suitability as a pure store of value.

Holders cannot bank on the same ironclad scarcity that underpins Bitcoin’s appeal; instead, the asset’s economics remain tied to real-time activity on the blockchain.

Where Ethereum truly excels is utility. Smart contracts—the programmable backbone of the network—enable decentralized finance, NFT marketplaces, decentralized autonomous organizations, and a growing array of layer-2 solutions that scale global applications.

ETH functions less like a static reserve and more like the fuel powering an entire digital economy.

Developers and enterprises rely on its infrastructure to build and transact in ways Bitcoin simply cannot replicate at native scale.

This practical functionality gives Ethereum a distinct edge in adoption and long-term relevance, even if it sacrifices some of the monetary predictability that makes BTC such a compelling hedge.

BitMine’s latest purchase, therefore, highlights a nuanced investment thesis.

The company is seemingly not chasing Bitcoin-type scarcity; it is wagering on Ethereum’s role as the settlement layer for the decentralized internet.

With a significant portion of its ETH already staked for attractive yields and a robust cash buffer still intact, BitMine is structurally prepared for both volatility and growth.

As the broader market looks for potential signs of recovery, the firm’s actions underscore a key reality: Ethereum may never mirror Bitcoin’s role as pristine collateral, but its smart contract capabilities could drive far greater real-world impact in the years ahead. For institutions and retail participants, the distinction between these two leading crypto-assets has never been clearer—or more strategically important.