Market Signal Briefing

Leading corporate Bitcoin holder Strategy has kicked off 2026 with another massive BTC purchase despite recent volatility in the company’s MSTR stock. 

Executive chairman Michael Saylor announced today that the company acquired an additional 13,627 BTC for roughly $1.25 billion, paying an average price of about $91,519 per coin.

The latest purchase brings Strategy’s total Bitcoin holdings to a staggering 687,410 BTC, accumulated at a combined cost basis of approximately $51.80 billion. This equates to an average of $75,353 per coin. 

Strategy’s latest buy also marks one of the firm’s largest single acquisitions since July 2025. Back then, the company bought 21,021 BTC for approximately $2.465 billion, according to Strategy’s website.   

A Bigger Bet at a Higher PriceToday’s announcement of another Bitcoin buy comes after Saylor had teased the buy on X just 24 hours earlier. In a post yesterday, the executive chairman shared a screenshot of the SaylorTracker chart with the caption “₿ig Orange.”

Historically, posts with the SaylorTracker chart on Sundays have almost always been followed by announcements of new Bitcoin purchases from the firm. 

The company has repeatedly framed BTC as both its primary treasury reserve asset and a long-term inflation hedge. This strategy has largely paid off as Bitcoin surged through 2024 and 2025, attracting institutional inflows from Wall Street, sovereign wealth funds, and corporate treasuries.

But the timing of this latest purchase is notable. Bitcoin has hovered between $90,000 and $92,000 in early 2026 trading. Since Strategy’s acquisition price for the latest purchase is around $91,519, the current Bitcoin price of around $90,696 means that the company is already standing on an unrealized loss.

Despite the short-term paper loss linked to the latest buy, Strategy is still sitting on an unrealized gain of more than 20%, or over $10.42 billion, when including all of the purchases since 2020, data from SaylorTracker shows. 

The market response to the news was mixed. Prior to the announcement, Strategy’s stock had dropped more than 5% during the latest trading session.

Following Saylor’s disclosure, shares edged up slightly in pre-market trading today, recovering a fraction of a percentage point. Despite the small gain, MSTR is still down over 65% on the 6-month time frame.

A Corporate Bitcoin TitanStrategy’s wager on Bitcoin has transformed the company from a traditional business-intelligence software firm into a pioneering, and sometimes polarizing, symbol of corporate crypto adoption. 

With more than 687,000 BTC, the firm now controls more than 3% of Bitcoin’s circulating supply, dwarfing the holdings of any public company, ETF, or sovereign entity.

The strategy has delivered significant mark-to-market gains: with Bitcoin trading above $90,000, the company’s holdings are valued at more than $62 billion. This is far above the company’s aggregate cost basis. 

Still, critics warn that such concentration creates exposure to sudden swings in BTC price, something that investors experienced firsthand during the sharp corrections in 2022 and late 2025.

Ethereum (ETH) joined Solana (SOL) as a top performer, rising 0.9% over the weekend.

ETF wall of cash reshapes risk as SPY bleeds and gold, silver and XRP ETFs surge.

Summary

ETFs pull in $46 billion in six days, overwhelming SPY’s usual January outflows and extending 2025’s record momentum.​ Gold and silver rip to fresh records while investors crowd into cash‑adjacent and bond‑heavy ETFs for yield and liquidity.​ XRP ETFs rapidly accumulate assets and supply, turning regulated wrappers into a core pillar of the crypto bull case. ETFs are pulling in an unusually large wall of money to start 2026, and the pattern looks less like a speculative blow‑off and more like investors quietly rewiring how they hold risk.​

Core story: abnormal flows, weak SPY Bloomberg ETF analyst Eric Balchunas flagged that “ETFs have taken in $46b in first 6 days of year, which is abnormally high to start year, on pace for $158b for month, about 4x the norm.” Typically, January is “a weak month” because the flagship SPDR S&P 500 ETF Trust, or SPY, “sees a lot of tax loss harvest money leave… that came in in Dec,” but this year, he noted, “the industry is booming so much the other ETFs have easily overwhelmed the SPY deficit.”

ETFs have taken in $46b in first 6 days of year, which is abnormally high to start year, on pace for $158b for month, about 4x the norm. Typically Jan is weak month bc $SPY sees a lot of tax loss harvest money leave (and it is -8b) that came in in Dec, but the industry is booming… pic.twitter.com/2QVOposBMf

— Eric Balchunas (@EricBalchunas) January 12, 2026 The context matters: US‑listed ETFs already ended 2025 with record momentum, taking in roughly two hundred billion dollars of net inflows in December alone, pushing total ETF assets toward the mid‑teens trillion range. In that light, a $46 billion surge in less than a week is less an isolated anomaly than an extension of a structural wave into low‑cost, listed vehicles.​

How pros read the flows Market participants watching the tape are not treating this as a simple “risk‑on” spasm. As Troy, an investor posting under the handle le Troy | Following Capital, put it, the pattern “feels less like speculative risk‑on and more like structural allocation behavior,” where “broad beta, cash‑adjacent ETFs, and liquidity preference” are “dominating — not a chase, but positioning.” ​ In his view, “those flows usually stick until a real constraint snaps,” a reminder that what looks like passive rebalancing today can become a transmission channel when funding stress arrives. ​

Others framed it as rotation, not retreat. “$46B into ETFs in just days while $SPY bleeds tells us capital isn’t leaving risk, it’s rotating,” wrote COINVIEWS, summarising how investors appear to be shifting out of legacy mega‑funds and into more specialised, often cheaper, mandates rather than de‑risking outright. For OGAudit, which focuses on digital‑asset transparency, the bottom line was narrative: “Flows like this change narrative, not your usual Jan.”​

Cross‑currents: gold, silver, and crypto The flows also land in a macro backdrop that hardly looks tranquil. Over the weekend, The Kobeissi Letter highlighted that “gold prices surge above a record $4,600/oz and Silver prices surge above a record $84/oz amid elevated levels of uncertainty,” arguing bluntly that “asset owners are winning.” That kind of move in classic hedges underscores why “cash‑adjacent ETFs” and bond‑heavy products are drawing demand alongside equity beta: investors are reaching for yield and liquidity while keeping an eye on tail risk.​

In crypto, ETF dynamics are beginning to rhyme with this shift. XRP products, for example, have quietly crossed the billion‑dollar asset mark within weeks of launch, with one analysis noting that if December’s pace holds, ETF wrappers could sequester several percent of circulating supply over 2026 and turn regulated funds into a primary marginal buyer. Combined with renewed speculation over future filings across major tokens, structural ETF demand is becoming a core pillar of the digital‑asset bull case rather than a side show.​

Why it matters beyond January Taken together, the opening week of 2026 reads less like a seasonal quirk and more like a regime shift in how portfolios are built. Structural allocation into ETFs across equities, fixed income, commodities and now crypto suggests that investors are willing to stay in the market, but on their own terms: cheaper, more targeted, and more liquid exposure.​

Whether that proves stabilising or amplifying will only be clear when “a real constraint snaps,” as Troy warned. For now, though, the signal is hard to ignore: even as SPY bleeds and gold screams to fresh highs, ETF wrappers remain the preferred vessel for a world that wants risk, but also wants an exit.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Binance exchange recently made a massive Ethereum (ETH) movement, sparking discussions within the crypto community. Whale Alert, an on-chain platform that reports large crypto transactions, spotlighted the huge Ethereum transfer from Binance.

Why huge Ethereum movement?According to Whale Alert, Binance transferred 80,000 ETH to a Binance Beacon Deposit address. The 80,000 ETH were valued at more than $249,000,000 at the time of transfer.

The Beacon Deposit is tied to Ethereum's proof-of-stake (PoS) system. Binance operates its own staking service for Ethereum users. 

Typically, when ETH is sent to a Binance Beacon Deposit address, it means the funds are being moved to stake on the Ethereum network.

Staking locks up ETH to help secure and validate the blockchain, earning rewards. For Binance specifically, this often supports their staked ETH products. The exchange allows users to stake their coins and still use them for derivatives of the assets.

Considering this, many market participants think the 80,000 ETH transfer is not a user withdrawal or sale. Rather, they argue it is internal rebalancing or cold storage moves.

Binance periodically transfers ETH from its exchange wallets to staking deposit addresses. The goal is to participate in Ethereum staking for yield or fulfill user staking requests on their platform.

The exchange also commits capital long term, reducing the circulating supply temporarily.

Notably, the $249 million ETH transfer from Binance coincides with a spike in staking interest among investors. Last week, entrepreneur and investor Ted Pillows disclosed that the Ethereum entry queue surged 237 times higher than the exit queue.

Additionally, the ETH treasury firm BitMine has increased staking of the altcoin over the past few weeks. In just two days, Bitmine staked 342,560 ETH, valued at about $1 billion, according to on-chain data.

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Bullish for Ethereum price?Note that locking or staking large amounts of ETH reduces available supply for trading. It shows confidence in Ethereum's long-term ecosystem and price trajectory.

If demand for ETH increases, and supply remains low, the price could easily climb to higher levels. 

Still, the Binance transfer does not necessarily mean a sudden market shift unless part of a bigger pattern. At the moment, the ETH price looks ready for a big move as the coin has already increased slightly by 0.1% over the previous day.

Besides, investors have shown interest in accumulating the coin, as indicated by the surging trading volume. This metric increased by more than 165% to $17.37 billion over the past day.

Gold and silver climbed to fresh all-time highs this week as the U.S. dollar weakened amid rising tensions between Jerome Powell and Donald Trump. The dispute has raised concerns over the Federal Reserve’s independence, pushing investors toward traditional safety assets. Gold traded near $4,600 per ounce, while silver jumped more than 5% to above $84 per ounce, both record levels.

Bitcoin fails to hold early gainsWhile metals rallied, Bitcoin moved lower. The price rose above $92,000 but slipped below $91,000 and drifted closer to $90,000. The pullback came alongside weaker equity markets, as investors reduced exposure to risk assets.

Big Bitcoin buy fails to lift pricesBitcoin’s decline comes despite a major purchase by Strategy, led by executive chairman Michael Saylor. The company bought $1.25 billion worth of Bitcoin, one of its largest purchases and its first since recent index-related clarity. Strategy now holds about 687,410 Bitcoin, acquired for roughly $51.8 billion, at an average price near $75,353 per coin.

Risk assets under pressureBitcoin continued to move in line with broader risk markets. Technology stocks weakened, with the Nasdaq-linked QQQ ETF down about 1% in pre-market trading, reinforcing Bitcoin’s correlation with equities rather than safe-haven assets.

Metals dominate the safety tradeAnalyst Michael van de Poppe said the crypto market is entering an important phase. He said that both gold and silver have hit new all-time highs, showing strong momentum in traditional safe assets.

However, he warned that this strength needs to continue. If the breakout loses speed, markets could slide lower and bearish signals may take over. Van de Poppe said this is an important moment for Bitcoin, which now needs to show strength and step up.

Gold and silver remain strongly supported as investors favor assets traditionally used during periods of political and monetary uncertainty. As markets look toward 2026, the contrast between surging metals and a struggling Bitcoin shows how differently investors are positioning for risk and stability.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Strategy added to its bitcoin treasury for a third straight week, acquiring 13,627 BTC for roughly $1.25 billion at an average price of $91,519 per coin, according to an SEC filing dated January 12.

The purchases were made between January 5 and January 11 and funded through the company’s at-the-market offering program, which included sales of Class A common stock (MSTR) and its 10.00% Series A perpetual preferred stock, Stretch (STRC). 

The sales generated about $1.2 billion in net proceeds, with $1.1 billion coming from common stock and $119 million from preferred equity.

The latest buy brings Strategy’s total bitcoin holdings to 687,410 BTC, acquired for an aggregate cost of $51.8 billion at an average purchase price of $75,353 per bitcoin. 

At current prices, the stash is worth roughly $62 billion.

Last week, Strategy disclosed another sizable bitcoin purchase, acquiring 1,286 BTC for about $116 million in a filing with the U.S. Securities and Exchange Commission.

The buys, made between late December and early January, lifted the company’s total holdings to 673,783 BTC at the time, funded through Class A share sales under its at-the-market program.

Strategy also increased its U.S. dollar reserves last week to $2.25 billion to support preferred dividends and debt obligations, while reporting an average bitcoin cost basis of roughly $75,000 per coin.

Despite bitcoin rebounding above $90,000 to start 2026, the firm recorded a $17.44 billion unrealized loss in the fourth quarter of 2025 after prices fell sharply from October highs.

Strategy’s recent MSCI drama  Over the past several months, Strategy has been at the center of attention tied to its inclusion in MSCI’s global equity indexes due to its massive Bitcoin treasury strategy. 

MSCI — one of the world’s most influential index providers — launched a review in late 2025 to consider whether companies with more than ~50 % of assets in digital assets (so-called Digital Asset Treasury Companies, or DATCOs) should remain in major benchmarks like the MSCI World and MSCI USA indexes.

If excluded, passive funds tracking these indexes could be forced to sell billions of dollars of MSTR shares, with estimates suggesting up to ~$2.8 billion in outflows from MSCI-linked funds alone and even more if other providers followed suit. Analysts from JPMorgan and TD Cowen estimated that exclusion from these indices could threaten billions in additional market value on top of that.

Strategy’s stock endured some declines and heightened risk-off sentiment as markets priced in the threat of index exclusion, with its share price dropping sharply in late 2025 amid these concerns. 

Company leadership, including Michael Saylor, publicly defended its positioning as a legitimate operating company rather than a passive fund, engaging with MSCI during the consultation and stressing its enterprise operations alongside Bitcoin holdings.

In a statement on X, Saylor said that the company is “not a fund, not a trust, and not a holding company.” He described the firm as a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.

In early January 2026, MSCI announced it would not implement proposed exclusions of DATCOs from its indexes at this time, effectively postponing any removal for the upcoming February 2026 review. This decision was widely interpreted as short-term relief for Strategy — lifting some selling pressure and leading to a 4 %–6 % rise in MSTR stock as investors welcomed the reprieve.

However, MSCI also signaled a broader consultation on how to classify non-operating companies, indicating that similar debates could resurface later in 2026. 

Despite all this buying, the price of bitcoin has been little-changed over the last couple of months. Bitcoin has bounced around the $90,000 range and is currently trading at $90,555.  

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

21Shares has secured approval to launch a spot Dogecoin ETF DOGE price shows mixed signals, despite rising trading activity 21Shares has officially entered the spot Dogecoin ETF race, announcing its product with the US Securities and Exchange Commission. As it follows an automatic approval to list on the Nasdaq stock market under the ticker TDOG.

As per the 21Shares filing to the U.S. SEC, it has submitted its final prospectus to launch its Dogecoin ETF, which clearly shows the progress toward its launch this week.​

This  ETF joins the expanding list of Dogecoin-focused investment instruments, which secures the third spot Dogecoin ETF to launch after Grayscale Dogecoin ETF (GDOG) and Bitwise Dogecoin ETF (BWOW) launched in November. With that,  the broadening ETF market could boost market interest and support price gains for DOGE.​

As the Exchange-Traded Funds are passive funds designed to track the price of Dogecoin alongside other cryptocurrencies, gaining mainstream investment exposure,  while the 21Shares spot Dogecoin ETF is designed to track the CF Dogecoin–Dollar US Settlement Price Index, where the custody services are provided by Coinbase Custody, Anchorage Digital Bank, and BitGo Bank & Trust.

DOGE Price Shows Mixed Signals While the article is being written, Dogecoin price is trading at $0.136,  down about 2.06% from its intraday high, which was around $0.14237.  But the market interest was raised, as the daily trading volume increased by more than 150% to $1.23 billion, despite the increased trading activity surges, DOGE’s price movement is mixed. 

​With that, analysing the 1-day chart of (DOGE/USDT), the Relative Strength Index (RSI) sits near 48, sitting in the neutral territory, neither overbought nor oversold region, which puts it right in the middle ground, not showing any extreme buying or selling pressure.​

Meanwhile, the Moving Average Divergence and Convergence (MACD) is still in positive territory but has started to settle down. So, the immediate support is located between $0.13 and $0.125, while resistance remains near the $0.145–$0.15 range; a strong break above this is needed to confirm the next direction.

Highlighted Crypto News:

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Mon, 12/01/2026 - 14:39

Anonymous whale just pulled 48.53 billion SHIB from Coinbase, instantly becoming a Shiba Inu billionaire, and possibly setting the stage for the next big meme coin breakout.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A Coinbase whale just minted itself a Shiba Inu (SHIB) billionaire — at least on-chain. In a big move tracked by Arkham, a mysterious address got 48.53 billion SHIB from Coinbase's hot wallet, worth about $422,700 at the time of transfer.

The transaction, which happened just eight hours ago, is one of the biggest single SHIB withdrawals in the last few days.

The recipient wallet is not new to Ethereum, as it has the "Ethereum First Funder" tag, showing it has been around for a while — but its recent activity shows a clear shift. With a portfolio worth $2.54 million, the address holds 410 ETH, but SHIB has suddenly jumped to second place, with over $408,000.

HOT Stories

Source: ArkhamWhile the SHIB market as a whole dropped by 2.8% today to $0.00000839, the whale's entry suggests that they are building up their position at a price they think is too low for the meme coin. SHIB recently tried to break above $0.00000900 but could not hold, trading just above key local support levels now.

Potential profit of this Shiba Inu (SHIB) playTechnical traders are watching the $0.00000699 line as a possible safety net, with targets of around $0.00001102 and $0.00001203 — the next areas of resistance where the Shiba Inu coin has previously encountered pushback. 

If the whale's timing is right, that next leg up could lift their position by $160,000 to $200,000.

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Arkham's balance history shows the impact. The wallet portfolio shot up from under $500,000 to over $2.5 million in less than two months, with the SHIB move being the latest catalyst.

It is not clear if this is strategic anticipation of an exchange relisting, meme coin rotation or a more fundamental bet on SHIB's next cycle, but one thing is clear: this address did not hesitate while retail holders were unsure.

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Solana is one of the largest cryptocurrencies in the world.

Solana (SOL +1.08%) is one of the largest cryptocurrencies in the world and has delivered superb returns for investors over the years. The cryptocurrency has increased by over 4,113% in the past five years, outperforming most assets during a strong period for the market.

Solana operates on one of the most technically sound networks in the entire sector. The system operates on an energy-efficient proof-of-stake (PoS) consensus mechanism, where investors stake their tokens in exchange for the opportunity to validate transactions and earn rewards in the process.

Image source: Getty Images.

A few networks operate on PoS, but Solana's network takes it a step further and also runs a proof-of-history (PoH) consensus mechanism that essentially time-stamps transactions. This removes a key inefficiency that has proven to be a bottleneck in many other blockchain networks, as validators must agree on the order of transactions. This is one factor that gives Solana the potential to process tens, if not hundreds, of thousands of transactions per second (TPS).

While Solana has already performed well, here's one reason to consider buying it before 2030.

Significant real-world utility Due to its technical prowess, Solana has tremendous real-world utility. Recently, Western Union tapped the network to run its U.S. dollar stablecoin on. The goal is to provide more options for key stakeholders to move money while also enhancing Western Union's treasury management capabilities.

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JPMorgan Chase, the largest bank by assets in the U.S., also recently conducted a U.S. commercial paper debt issuance on Solana, one of the first debt issuances ever conducted on a public blockchain.

I expect Solana's network to be utilized in many more real-world scenarios, which should drive long-term demand for the token and ultimately increase its price.

JPMorgan Chase is an advertising partner of Motley Fool Money. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Solana. The Motley Fool has a disclosure policy.

As crypto markets gain momentum in early 2026, comparisons to the 2021 bull cycle are everywhere. Traders point to familiar chart patterns and fractals, expecting history to repeat itself.

But while price action may rhyme, the broader market structure tells a very different story. From Bitcoin dominance and deeply discounted altcoins to macro-driven volatility and regulatory developments, this cycle is shaping up unlike any before.

So the real question isn’t whether this looks like 2021 — but whether it should be traded like it.

Why Comparing This Cycle to 2021 Can Be MisleadingFractals focus on price patterns, not on conditions. And conditions have changed dramatically.

Just as the 2021 cycle differed from 2017, the current crypto cycle is evolving under a new set of drivers — macro policy, regulation, and capital concentration — that didn’t dominate previous bull markets.

Relying solely on chart similarities ignores these structural shifts.

Bitcoin Dominance Signals a Different Market PhaseOne of the clearest differences is Bitcoin dominance:

2021 peak: ~40% BTC dominance

Current cycle: ~60% BTC dominance

This indicates that capital remains heavily concentrated in Bitcoin. In past cycles, major altcoin rallies typically occurred after Bitcoin dominance broke down sharply. That rotation has not happened yet.

For now, Bitcoin remains the primary beneficiary of liquidity.

Altcoins Are Entering This Cycle Already OversoldIn 2021:

Altcoins were trading near all-time highsAlts/BTC and Alts/USD ratios peaked alongside BitcoinIn the current cycle:

Many altcoins are already down 80–90%Valuations are compressed, not euphoricThis changes the timing and structure of any potential altseason. Instead of topping with Bitcoin, altcoins are starting from deeply discounted levels — which could delay or fragment capital rotation.

Macro Conditions Have Completely FlippedThe macro backdrop is arguably the biggest divergence from 2021.

Last cycle:

Federal Reserve was hiking ratesQuantitative tightening dominated marketsThis cycle:

Rate cuts are being debatedPolitical pressure on the Fed is risingInflation data drives daily volatilityKey events shaping the current outlook include:

US CPI releasesSupreme Court tariff rulingsSenate votes on crypto-related legislation such as the Clarity ActCrypto is no longer insulated from macro. It is reacting to it in real time.

Dollar Weakness and Bitcoin Strength Are Back in FocusRecent market behavior highlights a renewed inverse relationship:

The US dollar is weakeningBitcoin is pushing higher despite volatilityThis positions Bitcoin less as a speculative asset and more as a macro hedge, a role that was inconsistent during the 2021 bull market.

Gold at New All-Time Highs Changes the NarrativeGold reaching a new all-time high around $4,600 is a major macro signal.

It reflects:

Persistent inflation concernsDeclining confidence in fiat currenciesCapital rotation into hard assetsBitcoin moving higher alongside gold strengthens the case that BTC is increasingly viewed as digital hard money — not just a high-beta risk asset.

What to Expect From This Crypto CycleTaking all signals together, this cycle is likely to unfold differently:

Bitcoin may continue to outperform longer than in past cyclesAltcoin rallies could be delayed, selective, and rotation-basedMacro data and regulation will drive volatilityPolicy decisions may matter more than narrative hypeThe cycle could be longer, choppier, and more unevenRather than a rapid replay of 2021, the market appears to be transitioning into a macro-driven, Bitcoin-led cycle.

Final ThoughtsFractals may look familiar, but markets evolve.

Higher Bitcoin dominance, crushed altcoin valuations, macro sensitivity, regulatory influence, and weakening fiat confidence are reshaping how this cycle behaves. Expecting a carbon copy of 2021 risks missing what truly defines this phase of the market.

This cycle isn’t just about price patterns — it’s about liquidity, policy, and where capital seeks protection.

On-chain data shows the Network Growth indicator has continued to fall for Solana recently, a sign that adoption of the asset has remained weak.

Solana Network Growth Has Been Declining According to data from on-chain analytics firm Santiment, SOL’s recent price recovery has come despite a drop in the Network Growth. This metric measures the weekly total number of addresses that are coming online on the blockchain for the first time. A wallet comes “online” on the network when it participates in some kind of transfer activity. Thus, the wallets that the Network Growth is counting are the ones that are making their first transaction on the network.

When the value of the Network Growth is high, it means that a large number of addresses are being created on the blockchain. Such a trend can be a sign that an influx of users is occurring. On the other hand, the indicator being low suggests that there isn’t much new address generation taking place on the network, which can be a potential indication that the chain isn’t attracting fresh investors.

Now, here is the chart shared by Santiment that shows the trend in the Solana Network Growth over the last couple of years:

The value of the metric appears to have been falling recently | Source: Santiment on X As displayed in the above graph, the Solana Network Growth has witnessed a drawdown recently, despite the fact that the SOL price has made some recovery since its December low. This suggests that the bullish price action has been unable to bring fresh attention to the cryptocurrency.

Historically, rallies have generally needed the incoming of new investors to be sustainable, as it’s the increased trading activity that provides them with the fuel to go on.

In the chart, Santiment has highlighted the case of a rally where this requirement wasn’t met. The Network Growth was initially at a significant level, but as this price surge from 2025 played out, the metric’s value plummeted. This could be a potential factor behind the rally eventually running out of momentum.

In late 2024, the opposite conditions were present, as the Network Growth shot up alongside the Solana bull run, implying adoption backed the price appreciation. Considering these past cases, it’s possible that the indicator might have to reverse its trajectory if SOL’s recovery has to last.

The latest downward move in the Network Growth is also not the only development SOL is dealing with right now. From the graph, it’s visible that the indicator has gone through a long-term downtrend since its high in November 2024.

Back then, the metric had a value of 30.2 million, but today, the figure has dropped to just 7.3 million. It now remains to be seen whether the long decline in the adoption of Solana will continue or if a turnaround will appear.

SOL Price Solana recovered back to $144 on Sunday, but the coin has retraced to open the week as its price is back at $139.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView Featured image from Dall-E, Santiment.net, chart from TradingView.com

Bitcoin briefly joined a rally in gold and silver sparked by U.S. political tensions, but failed to hold its gains. Options activity and persistent selling pressure suggest traders are pushing bullish expectations further out. Political Tensions Spark Safe-Haven Bid as Bitcoin Lags Bitcoin, gold, and silver moved higher during early Asian trading as the U.S.

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Offered exclusively through banks and credit unions, Jack Henry Rapid Transfers addresses growing demand for speed and convenience in financial services by offering a capability that few institutions currently provide. As a feature of the cloud-native Jack Henry Platform™, Jack Henry Rapid Transfers helps banks and credit unions enhance their digital experience, attract new deposits, and increase accountholder loyalty.

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"We do a lot of lending in this area, so we are using Rapid Transfers to drive more membership and deposit growth," said Serio, noting the solution's ease of implementation and use. "Our members love it because of the convenience and instant nature of the transaction."

Rapid Transfers began rolling out in September and is live with 65 financial institutions with another 170 in various stages of implementation. It is fully integrated into the Banno Digital Platform™, Jack Henry's fast-growing digital banking solution that serves more than 1,000 financial institutions and over 15 million registered users as of November 30, 2025. This ensures a consistent and intuitive experience, particularly for users who rely on digital services for income and daily transactions.

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About Moov
Moov is a new kind of payment processor, built from scratch in the cloud to make payments easier for developers & businesses. With Moov, businesses accept, store, send, and spend money — all through one simple integration. Moov is driven by a give-first mindset and supports a thriving network of developers with open-source libraries and a growing community. Discover how Moov can transform your payment operations at moov.io.

About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com. 

Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

SOURCE Jack Henry & Associates, Inc.

NEW YORK, Jan. 12, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global ocean technology company, today announced the appointment of veteran entrepreneur and private equity investment specialist Shahryar Oveissi as its Chief Capital Markets Officer (CCMO), effective January 9, 2026. This appointment represents a key milestone in the execution of HTCO's 2026–2030 strategic plan, aimed at strengthening its capital markets capabilities to support the Company's transformation from traditional shipping to a fully integrated global maritime infrastructure platform.

MiniMed Go™ is the first and only smart MDI system that automatically integrates insulin dosing and glucose data in a single app to provide empowering insights for individuals on multiple daily injections

, /PRNewswire/ -- Medtronic (NYSE: MDT), a global leader in healthcare technology, today announced U.S. Food and Drug Administration (FDA) 510(k) clearance of its MiniMed Go™ app. The MiniMed Go™ Smart Multiple Daily Injection (MDI) system seamlessly integrates the InPen™ smart insulin pen with the Instinct sensor made by Abbott — all connected through the MiniMed Go™ app. This powerful combination delivers real-time, personalized insights and actionable guidance, including:

Ambar, 17, MiniMed Champion and InPen™ user since 2022+

Medtronic Diabetes announces FDA clearance for MiniMed Go™ Smart MDI system featuring Instinct sensor made by Abbott Missed dose alerts to help minimize glucose highs A dose calculator that simplifies dose decision-making Action-oriented guidance if a user misses or miscalculates a dose CareLink™ software reporting for easier provider collaboration The MiniMed Go™ system is cleared for individuals with insulin-requiring type 1 and type 2 diabetes aged 7 years and older, as well as for children ages 2 to 6 years under the supervision of an adult caregiver. Compatibility of the Simplera™ sensor with MiniMed Go™ is currently under FDA review.

Addressing a Significant Unmet Need 
There are more than 15 million people around the world with diabetes who rely on multiple daily injections. For these individuals, mealtimes can feel overwhelming and exhausting — and over time, this can lead to diabetes distress.1,2 This involves determining the amount of carbs in their meal and calculating the right insulin dose to inject before eating (bolus) to keep blood sugar levels in check to avoid dangerous spikes or dips.

Missed boluses can significantly impact diabetes management and glycemic outcomes. Even skipping just two doses a week can raise HbA1C by as much as 0.4%, increasing the risk of both short- and long-term complications.3 Remembering when and how much insulin to dose isn't just a math problem — it's a daily burden that adds stress and fatigue, making diabetes management feel overwhelming.

Real-world data demonstrates that users of the previous generation Medtronic Smart MDI system saw meaningful improvements in glycemic control when consistently responding to actionable alerts. Specifically, the data showed that Time in Range (TIR) increased from 55.7% to 67.2% when users addressed more than 75% of Missed Dose alerts within an hour, and to 71.5% when users addressed Correct High Glucose alerts with a bolus within an hour. These results underscore the power of timely, actionable insights in helping users achieve better glycemic outcomes.4 The new MiniMed Go™ Smart MDI System delivers real-time, personalized insights and actionable guidance to optimize outcomes for users.

"For too long, people using injections have carried the weight of diabetes management without access to the algorithms that make automated insulin delivery systems so powerful," said Que Dallara, EVP and president of Medtronic Diabetes and CEO-designate of MiniMed. "MiniMed Go™ is designed to change that — bringing the smarts of an AID system to individuals who prefer an insulin pen. The system helps take the guesswork out of MDI therapy, delivering simplicity and confidence in every dose. We're pleased to expand our full-stack insulin delivery solutions, making it seamless for our customers to find a therapy that works for them — no matter where they are in their journey."

We expect the commercial launch of the MiniMed Go™ system to begin in the U.S. this spring.  Learn more here about MiniMed Go™.  

Frequently Asked Questions
Q: What is the MiniMed Go™ system?
A: The MiniMed Go™ system is a smart diabetes management solution that connects the InPen™ smart insulin pen and the Instinct sensor made by Abbott through the MiniMed Go™ app. It provides real-time glucose data, dose calculations, missed dose alerts, and actionable guidance, making MDI therapy easier and more connected.

Q: What is InPen™? 
A: The InPen™ is a reusable smart insulin pen that uses Bluetooth® technology to send dose information to a mobile app. Offering dose calculations and tracking, InPen™ helps take some of the mental math out of diabetes management.

Q: What is the Instinct sensor and how is it different?
A: Instinct, made by Abbott, offers up to 15 days of wear and a slim, discreet design. It's the world's smallest5 and thinnest6 integrated CGM.6

About the Diabetes Business at Medtronic
Medtronic Diabetes is on a mission to make diabetes more predictable with the most advanced diabetes technology and always-on support when and how they need it. We've pioneered first-of-its-kind innovations for over 40 years and are committed to designing the future of diabetes management through next-generation sensors (CGM), intelligent dosing systems, and the power of data science and AI while always putting the customer experience at the forefront. 

About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Galway, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE: MDT), visit www.Medtronic.com and follow on LinkedIn. 

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

*Data was uploaded voluntarily from 22 October 2024 until 04 January 2025 in the CareLink™ Personal platform. Data aggregation and analysis was based on user consent and complied with local data privacy regulations.
+Sensor is water resistant up to 1 meter (3 feet) of water. Do not immerse longer than 30 minutes.
The sensor shape and appearance, Abbott, and Instinct are marks and/or designs of the Abbott group of companies in various territories and used under license.

Bergenstal RM, et al. Exploring the Burden of Mealtime Insulin Dosing in Adults and Children With Type 1 Diabetes. Diabetes Care. 2021; Published online. Monaghan M, Herbert LJ, Wang J, Holmes C, Cogen FR, Streisand R. Mealtime behavior and diabetes-specific parent functioning in young children with type 1 diabetes. Health Psychol. 2015 Aug;34(8):794-801. doi: 10.1037/hea0000204. Epub 2015 Feb 9. Published online. Randlov, J, Poulsen, JU. How Much Do Forgotten Insulin Injections Matter to Hemoglobin A1c in People with Diabetes, J Diabetes Sci Technol. 2008; 2(2):229-235. Laurenzi A, Edd SN, Adolfsson P, et al. Insights into the effective use of the Smart MDI system: Data from the first 1852 type 1 diabetes users. Diabet Med. 2025;42(12):e70161. doi:10.1111/dme.70161. Among patient-applied sensors. Data on file. Abbott Diabetes Care, Inc. Contacts:
Janet Cho
Global Communications
+1 (818) 403-7028

Ryan Weispfenning
Investor Relations
+1 (763) 505-4626 

SOURCE Medtronic plc

Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to provide an update on its plan to commence gold production this year on its wholly-owned Mon Property, Yellowknife, NWT.

Coquitlam, British Columbia--(Newsfile Corp. - January 12, 2026) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (the "Company or Captiva") announces that it will co-host a significant atmospheric water station ribbon cutting ceremony on January 30, 2026 in Florida. Further details on the other institutional co-hosts and the location will be made shortly.

The Company further announces that it has granted an aggregate of 5,000,000 incentive stock options (the "Options") (Brian Conlan, CEO as to 4 million options) and the balance to a consultant of the Company pursuant to the Company's previously approved Stock Option Plan.

The Options are exercisable at a price of $0.05 per share for a period of 3 years.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Information

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of Captiva's health and wellness platform.

Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280035

Source: Captiva Verde Wellness Corp.

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Key Takeaways Gold nears $4,600 as DOJ action vs. Fed and Iran protests boost safe-haven demand.Rate-cut expectations and central bank buying keep bullion's long-term bull case strong.Gold ETFs GLD, IAU, and IAUM gain as investors favor gold as a safe haven over lagging dollars and bonds. Gold hit a record high as escalating political tensions in the United States and worsening unrest in Iran led investors toward safe-haven assets, per Bloomberg, as quoted on Yahoo Finance. Bullion climbed to just below $4,600 an ounce on Jan. 12, 2026, reflecting heightened uncertainty across global markets.

Justice Department Move Raises Fed Independence FearsThe rally came after Federal Reserve Chair Jerome Powell said that the central bank was served with grand jury subpoenas from the U.S. Justice Department related to his June congressional testimony on renovations at the Fed’s headquarters. The move signaled President Donald Trump’s dispute with Powell, reigniting concerns about political interference and the independence of U.S. monetary policy.

Iran Protests Add to Haven DemandAt the same time, deadly protests in Iran intensified geopolitical risks. The prospect of political upheaval in the Islamic Republic injected fresh uncertainty into global geopolitics and oil markets, further boosting demand for precious metals.

Trump said on Sunday that he was considering potential actions on Iran, while again threatening to take Greenland and questioning the value of the NATO alliance — remarks that added to market unease.

Rate-Cut Expectations RiseLast week’s softer-than-expected U.S. jobs report reinforced bets that the Federal Reserve will continue cutting interest rates to support the economy. Markets are now pricing in at least two rate cuts this year, as mentioned in the above-said Bloomberg article. 

Central Bank BuyingAnother key driver of the gold rally has been the surging central bank demand, especially from BRICS nations and emerging economies that are actively working to diversify away from the U.S. dollar. This global de-dollarization trend has resulted in record levels of sovereign gold purchases.

Gold to Hit $10,000 by 2030?Gold is coming off a record-setting year, thanks to Fed rate cuts and falling interest rates, trade tensions, and declining confidence in the U.S. dollar. The gold bullion-based exchange-traded fund (ETF) SPDR Gold Trust (GLD - Free Report) has gained 68.7% over the past year and is up 3.2% so far this year (as of Jan. 9, 2026). Gold may reach $10,000 an ounce by 2030, per market expert Ed Yardeni, as quoted on a Business Insider article issued in early October 2025.

Should You Follow Ray Dalio’s Suggestion?Early last October, Bridgewater Associates founder Ray Dalio advised investors to allocate up to 15% of their portfolios to gold, as quoted on CNBC. Dalio stressed gold’s unique role as a hedge against monetary debasement and geopolitical uncertainty.

Dalio compared today’s market environment to the early 1970s, which was a period of high inflation, heavy government spending, and growing debt, which hurt confidence in paper assets and government-issued money.

Is Gold the Best Safe-Haven Right Now?While Fed rate cuts may reduce the value of the greenback now, the strong supply of debt also makes debt instruments unappealing. This leaves gold as the only credible source of safe haven at present.

Unlike gold, other so-called safe-haven ETFs have offered muted performances this year. Invesco DB US Dollar Index Bullish Fund (UUP - Free Report) has declined about 8.4% over the past year. The UUP ETF has added only 0.9% so far this year, underperforming GLD. Over the past one-year period, iShares 7-10 Year Treasury Bond ETF (IEF - Free Report) has added about 5.6% (while it is up 0.01% year-to-date), and Invesco CurrencyShares Japanese Yen Trust (FXY - Free Report) has lost about 0.5% (as of Jan. 9, 2026) (it is down 0.7% so far this year).

Gold ETFs in FocusFor investors looking to capitalize on this long-term bullish trend, gold ETFs such as SPDR Gold Trust (GLD - Free Report) , iShares Gold Trust (IAU - Free Report) and SPDR Gold MiniShares Trust IAUM could prove to be great bets right now.

Any Caveat?The Bank for International Settlements indicated lately that gold is entering bubble territory, fueled by rising demand for gold from retail investors, and cautioned about “a sharp and swift correction,” as quoted on The Banker. Investors need to closely monitor the prognosis of the U.S. rate cuts and geopolitics before investing in gold materially.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Meta on Monday announced it has appointed Dina Powell McCormick as its president and vice chairman.

Powell McCormick joined Meta's board in April but resigned in December, according to a filing with the U.S. Securities and Exchange Commission.

"Dina's experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company's President and Vice Chairman," Meta CEO Mark Zuckerberg said in a statement.

This is breaking news. Please refresh for updates.

Kaybanc downgraded CrowdStrike (CRWD) ahead of the week's first trading session. Tom White turns to the weakness seen in CrowdStrike shares since November's record high and weighs if bulls can retake control of the stock.

Trios from 200 families who have lost a child to SUDC to be sequenced on PacBio’s Revio system with SPRQ-Nx chemistry, enabling increased diagnostic yield for grieving families January 12, 2026 09:05 ET  | Source: PacBio

MENLO PARK, Calif., Jan. 12, 2026 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), developer of the world's most advanced sequencing technologies, today announced that a UW Medicine and Seattle Children’s research effort led by Danny Miller, MD, PhD, and Alexandra Keefe, MD, PhD, will employ PacBio HiFi whole-genome sequencing as the first-line approach to investigate Sudden Unexplained Death in Childhood (SUDC). Backed by the SUDC Foundation and with in-kind support from PacBio, the project will sequence each child and their parents, prioritizing long-read HiFi data for comprehensive variant detection. Additionally, the University of Washington team will join the HiFi Solves Global Consortium, which brings together institutions around the world to study the value HiFi-based human genome sequencing may have in clinical research applications and to further our understanding of genetic diseases.

Applying HiFi sequencing as a first-tier assay is designed to consolidate and simplify the laboratory workflow especially in the context of post-mortem tissue and newborn dried blood spots as challenging sample inputs. The researchers hope to increase diagnostic yield by resolving complex variants like structural variants and tandem repeats and by including parents to elucidate de novo and inherited contributors to risk.

“Selecting HiFi sequencing as our first-line whole-genome assay allows us to search for answers with the accuracy and breadth these families deserve,” said Danny Miller, MD, PhD, Assistant Professor of Pediatrics and of Laboratory Medicine & Pathology at the University of Washington School of Medicine, and physician-scientist at Seattle Children’s. “By starting with long reads and incorporating parental data we can better resolve difficult variants, phase them accurately, and offer appropriate recommendations to families relevant to SUDC.”

“We’re honored to support this essential SUDC research,” said David Miller, Global Vice President of Marketing at PacBio. “Making highly accurate long-read whole genomes the starting point can accelerate discovery and, ultimately, the path to better answers for families.”

“The SUDC Foundation is proud to fund research that prioritizes actionable answers for families,” said Tina Yun Lee, CEO, SUDC Foundation. “Adopting HiFi sequencing as a first-line tool reflects a commitment to scientific rigor and compassion, two values that guide our mission to understand, predict, and one day prevent SUDC.”

For background on the award and team, see the SUDC Foundation announcement and UW Medicine newsroom posts.

About PacBio
PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies, which include our HiFi long-read sequencing, address solutions across a broad set of research applications including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit www.pacb.com and follow @PacBio.  

PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.   

Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including statements relating to: the uses, advantages, or quality or performance of, or benefits or expected benefits of using, PacBio products or technologies; certain researchers from UW Medicine and Seattle Children’s employing PacBio HiFi to investigate SUDC; the University of Washington joining the HiFi Solves Global Consortium; use of HiFi sequencing to consolidate and simplify laboratory workflow; increasing diagnostic yield; use of HiFi sequencing to increase sequencing accuracy and breadth; use of HiFi sequencing to resolve and phase difficult variants, and benefits related thereto; accelerating discovery; and other future events. You should not place undue reliance on forward-looking statements because they are subject to assumptions, risks, and uncertainties and could cause actual outcomes and results to differ materially from currently anticipated results, including, challenges inherent in sequencing a large number of genomes, the difficulty of generating discoveries in new areas of research; potential product performance and quality issues; third-party claims alleging infringement of patents and proprietary rights or seeking to invalidate PacBio's patents or proprietary rights, among others. Additional factors that could materially affect actual results can be found in PacBio's most recent filings with the Securities and Exchange Commission, including PacBio's most recent reports on Forms 8-K, 10-K, and 10-Q, and include those listed under the caption "Risk Factors." These forward-looking statements are based on current expectations and speak only as of the date hereof; except as required by law, PacBio disclaims any obligation to revise or update these forward-looking statements to reflect events or circumstances in the future, even if new information becomes available.

About SUDC
The SUDC Foundation is the only organization worldwide whose purpose is to raise awareness, fund research, and serve those affected by Sudden Unexplained Death in Childhood (SUDC). The SUDC Foundation provides all trauma informed services and supports at no cost to the people it serves. www.sudc.org.

About UW Miller Lab
The Miller Lab at the University of Washington focuses on advancing genomics in clinical diagnostics, particularly in the context of rare diseases. The lab is committed to developing tools and resources that democratize access to cutting-edge genomic technologies.

Contacts (University of Washington Miller Lab)

Danny Miller
[email protected]

Contacts (SUDC Foundation)

Tina Yun Lee
[email protected]

Media: [email protected]

Contacts (PacBio)

Investors: [email protected]
Media: [email protected]

CARLSBAD, Calif.--(BUSINESS WIRE)--Alphatec Holdings, Inc. (Nasdaq: ATEC), a spine-focused provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today preliminary financial results for the fourth quarter and full-year ended December 31, 2025. The Company also provided a financial outlook for full-year 2026.

Preliminary, Unaudited Fourth Quarter and Full-Year 2025 Select Financial Results

Fourth Quarter Ended

December 31, 2025

Full Year Ended

December 31, 2025

Surgical Revenue

$189.3M to $190.0M

$686.3M to $687.0M

EOS Revenue

$22.9M to $23.2M

$77.1M to $77.4M

Total Revenue

$212.2M to $213.2M

$763.4M to $764.4M

Preliminary total revenue grew approximately 25% in the full year 2025. Strong surgeon adoption drove full-year 2025 surgical revenue growth of 26% with surgical volume growth of 24% and average revenue per procedure growth of 2%.

Strong revenue growth continues to drive leverage, and the Company re-affirms its full-year 2025 adjusted EBITDA guidance of $91 million. Cash balance as of December 31, 2025, approximated $161 million and the Company continues to expect fourth-quarter free cash flow in the range of $6 million to $8 million.

"I'm proud of the entire ATEC Family for delivering a very strong 2025," said Pat Miles, Chairman and Chief Executive Officer. "We are achieving results at scale that have not been seen in our industry. This shared success is no accident; we have amassed an unparalleled collection of spine know-how and clinical curiosity, and are relentlessly driven to improve surgery through a disciplined focus on procedural ecosystems, supported by data and informatics. We have many growth catalysts ahead, and with a scalable infrastructure already in place, ATEC is positioned to shape the future of spine care for years to come.”

Exclusive Distribution Rights for Next-Generation rhBMP-2 Biologic

The Company also announced the acquisition of exclusive U.S. distribution rights for Theradaptive’s OsteoAdapt®, a next-generation rhBMP-2 solution that expands the Company’s procedural offerings. Built on a proprietary re-engineered protein, OsteoAdapt is designed to deliver potent bone formation with greater precision at the fusion site, enabling lower doses, simpler handling, and an improved safety profile versus legacy biologics. The addition of OsteoAdapt is expected to address the long-standing challenge of market concentration of rhBMP-2. OsteoAdapt is currently in Phase II clinical trials for spinal fusion.

Financial Outlook for the Full Year 2026

The Company anticipates full-year 2026 total revenue of $890 million, reflecting growth of approximately 17% compared to the full year 2025. This includes expected surgical revenue of approximately $805 million and approximately $85 million of EOS revenue. The Company also expects adjusted EBITDA of approximately $130 million, which will contribute to an expected $20 million of free cash flow for the full year 2026.

Presentation at J.P. Morgan Healthcare Conference and Fourth Quarter and Full-Year Earnings Call

On Tuesday, January 13, 2026 at 3:45 p.m. PT / 6:45 p.m. ET, the Company will present at the 44th Annual J.P. Morgan Healthcare Conference in San Francisco. To access the live audio only webcast or a replay of the webcast, please visit the Investor Relations Section of ATEC’s Corporate Website.

The Company will report fourth quarter and full-year 2025 financial results on February 24, 2026, after the market close. The Company will host a live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. To access the live webcast or a replay of the webcast, please visit the Investor Relations Section of ATEC’s Corporate Website. To view the live webcast, please register at this link. Access details will be shared via email. Participant access numbers for listen-only dial-in: (888) 220-6125, Conference ID: 97241.

Inducement Awards Granted

As an inducement material to accepting employment with the Company, and in accordance with Nasdaq Listing Rule 5635(c)(4), ATEC today announced that the independent Compensation Committee of the Board of Directors has approved aggregate grants to 16 new employees (who are not executive officers) of, collectively, 67,643 restricted stock units (“RSUs”) under the Company’s 2016 Employment Inducement Award Plan. The RSUs will vest in equal annual installments on each of the first four anniversaries of the grant date, provided that the recipient remains continuously employed by ATEC as of such vesting date. In addition, the RSUs will vest fully upon a change of control of ATEC.

Preliminary Financial Information

The preliminary 2025 financial results announced today are based on the Company’s current expectations and are subject to adjustment upon completion of customary annual audit procedures.

Non-GAAP Financial Information

To supplement the Company’s financial statements presented in accordance with generally accepted accounting principles in the United States of America (GAAP), the Company reports certain non-GAAP financial measures listed below under “Non-GAAP Financial Measures.” The Company believes that these non-GAAP financial measures provide investors with an additional tool for evaluating the Company's core performance, which management uses in its own evaluation of continuing operating performance, and a baseline for assessing the Company’s future earnings potential. The Company’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company’s industry, as other companies in the industry may calculate non-GAAP financial measures differently, particularly related to non-recurring, unusual items. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Non-GAAP Financial Measures

Free cash flow: Calculated by subtracting capital expenditures from cash flow provided by or used in operating activities. Management uses free cash flow to measure progress on its capital efficiency and cash flow initiatives.

EBITDA and adjusted EBITDA: EBITDA represents earnings before non-operating income/expense, taxes, depreciation and amortization. Adjusted EBITDA consists of EBITDA with adjustments to exclude certain items described within the section below under "Non-GAAP Adjustments.”

Non-GAAP Adjustments

The Company's non-GAAP financial measures reflect the exclusion of the following items:

Litigation-related expenses: We are involved in various litigation matters that from time to time result in settlements. Litigation matters can vary in their characteristics, frequency and significance to our operating results and core business operations. We review litigation matters from both a qualitative and quantitative perspective to determine whether such matters are a normal and recurring part of our business. We include in our GAAP financial statements litigation fees and settlement expenses that we determine to be normal, recurring and routine to our business. When we determine that certain litigation matters are not normal and recurring to our core business operations, we believe excluding these expenses will provide our management and investors with useful incremental information. Litigation fees and settlement expenses excluded from our non-GAAP financial measures in the periods presented relate primarily to patent litigation and other litigation matters that relate directly to the business transformation that we started in 2018 and are discussed more fully in our periodic reports filed with the Securities and Exchange Commission.

Purchase accounting adjustments on acquisitions: Includes non-cash expenses incurred as a result of fair value step-ups associated with tangible assets acquired in business combinations or asset acquisitions.

Restructuring expenses: From time-to-time, in order to realign the Company’s operations or to realize synergies from acquisitions, the Company may eliminate roles or restructure its operations and footprint. In such cases the Company may incur one-time severance and personnel costs associated with workforce reductions, or costs associated with exiting and/or relocating facilities. We exclude these costs as we do not consider such amounts to be part of the ongoing operations.

Stock-based compensation: Stock-based compensation is charged to cost of revenue and operating expenses. We exclude stock-based compensation from certain of our non-GAAP financial measures because we believe that excluding these non-cash expenses provides meaningful supplemental information regarding operational performance. Because of the variety of equity awards used by companies, the varying methodologies for determining stock-based compensation expense, the subjective assumptions involved in those determinations, and the volatility in valuations that can be driven by market conditions outside the Company’s control, the Company believes excluding stock-based compensation expense enhances the ability of management and investors to understand and assess the underlying performance of its business over time.

Transaction-related expenses: Represent one-time costs incurred in connection with business combinations, asset acquisitions, or debt financing and modification activities. These expenses may include, but are not limited to, legal and advisory fees, due diligence costs, contract termination charges, and other third-party expenses directly related to the planning or execution of these transactions. We exclude these costs because they can vary significantly from period to period and are not indicative of the underlying trends in our core business.

Other non-recurring expenses: These represent items that are unusual or infrequent in nature and that we believe are not indicative of our ongoing operating performance. Examples may include discrete costs associated with tax strategy implementation or one-time expenses related to customer restructuring or reorganization events. We evaluate such items based on their nature and significance and disclose material adjustments in our non-GAAP reconciliations.

About Alphatec Holdings, Inc.

ATEC, through its wholly owned subsidiaries, Alphatec Spine, Inc., EOS imaging S.A.S. and SafeOp Surgical, Inc., is a medical device company dedicated to revolutionizing the approach to spine surgery through clinical distinction. ATEC’s Organic Innovation MachineTM is focused on developing new approaches that integrate seamlessly with the Company’s expanding InformatiXTM platform to better inform surgery and more safely and reproducibly achieve the goals of spine surgery. ATEC’s vision is to be the Standard Bearer in Spine. For more information, visit us at www.atecspine.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company cautions investors that there can be no assurance that actual results will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors. Forward-looking statements include, but are not limited to: references to the Company’s revenue, balance sheet, growth, and financial outlook and commitments; planned product launches, timelines, introductions, regulatory submissions or clearances; and the Company's ability to compel surgeon adoption and drive procedural growth. Important factors that could cause actual operating results to differ significantly from those expressed or implied by such forward-looking statements include, but are not limited to: the uncertainty of success in developing new products or products currently in the pipeline; the uncertainties in the Company’s ability to execute upon its strategic operating plan; the uncertainties regarding the ability to successfully license or acquire new products, and the commercial success of such products; failure to achieve acceptance of the Company’s products by the surgeon community; failure to obtain FDA or other regulatory clearance or approval or unexpected or prolonged delays in the process; continuation of favorable third-party reimbursement; unanticipated expenses or liabilities or other adverse events affecting cash flow or the Company’s ability to achieve profitability; uncertainty of additional funding and the form of such funding; product liability exposure; an unsuccessful outcome in any litigation; patent infringement claims; claims related to the Company’s intellectual property; and the Company’s ability to meet its financial obligations. A further list and description of these and other factors, risks and uncertainties can be found in the Company's most recent annual report, and any subsequent quarterly and current reports, filed with the U.S. Securities and Exchange Commission. ATEC disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.

More News From Alphatec Holdings, Inc.

Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) announced that it has entered into a definitive agreement to acquire approximately $20 million of next-generation NVIDIA B300 graphics processing units from Super Micro Computer, as the company expands its AI-focused digital infrastructure operations.

The company said the GPU systems will be deployed within its Tier III AI data center infrastructure and offered through its NeoCloudz platform, a GPU-as-a-Service product. Initial customer availability for NeoCloudz is targeted for March 2026.

Digi Power X plans to integrate Supermicro’s AI-optimized server platforms into its modular data center environments to support deployment, availability and energy efficiency.

The company said the acquisition supports its strategy to generate recurring revenue from AI infrastructure by providing enterprise customers, AI startups and research institutions with on-demand access to advanced computing resources without requiring long-term capital investment.

Based on current demand, pricing assumptions and expected utilization, the company said it is targeting a positive return on invested capital within about 30 months of deployment, subject to adoption rates, operating performance and market conditions.

The NeoCloudz platform is designed to support a range of AI workloads, including large language model training and inference, generative AI, data analytics and enterprise applications.

Digi Power X said it expects to begin onboarding initial customers in the first half of 2026 following completion of infrastructure deployment.

"NeoCloudz was designed to deliver immediate access to next-generation AI compute while maintaining strong capital efficiency," said Alec Amar, Digi Power X president and NeoCloudz founder. 

"By deploying NVIDIA B300 GPUs through Supermicro's AI-optimized systems in a Tier III environment, we are creating a scalable GPU-as-a-Service platform designed to support enterprise and AI-native customers while targeting a return on invested capital of approximately 30 months."

Separately, Digi Power X said that it has settled a compensation dispute with H.C. Wainwright related to a July 2025 financing, agreeing to pay about US$840,000 in cash and issue warrants for 269,231 shares exercisable at US$2.85 over five years.

TL;DR

Market Reversal: Digital asset products saw $454m in outflows, driven by fading expectations of a March Federal Reserve rate cut and a $1.3bn four‑day outflow streak that nearly erased early‑year inflows. Regional Split: The U.S. recorded $569m in outflows, while Germany, Canada, and Switzerland posted inflows, showing contrasting global sentiment. Asset Divergence: Bitcoin and Ethereum faced heavy outflows, but XRP, Solana, and Sui attracted inflows, revealing selective investor confidence despite broader market caution.
Digital asset investment products faced a sharp reversal in sentiment last week as $454m in outflows erased most of the early momentum seen at the start of the year. The shift followed a four‑day $1.3bn outflow streak, nearly wiping out the $1.5bn in inflows recorded during the first two trading days. The downturn appears closely tied to investor concerns over fading expectations of a Federal Reserve interest rate cut in March after recent macroeconomic data signaled a less supportive environment.

Regional Divergence Highlights Shifting Market Sentiment The United States stood out as the only region showing negative sentiment, recording $569m in outflows, underscoring how strongly U.S. investors reacted to changing rate expectations. Other regions moved in the opposite direction. Germany posted $58.9m in inflows, while Canada added $24.5m and Switzerland brought in $21m, suggesting that international investors maintained a more constructive outlook despite global uncertainty.

Bitcoin Outflows Dominate Despite Mixed Market Signals Bitcoin absorbed the largest share of negative flows, with $405m in outflows last week. Interestingly, short‑bitcoin products also saw $9.2m in outflows, creating mixed signals around broader market sentiment. The simultaneous decline in both long and short products suggests investors may be stepping back from directional bets as macroeconomic uncertainty intensifies.

Ethereum and Multi‑Asset Products Extend the Downtrend Ethereum followed a similar trajectory, recording $116m in outflows, reinforcing the broader cooling across major digital assets. Multi‑asset investment products also saw $21m in outflows, while Binance and Aave products experienced smaller declines of $3.7m and $1.7m, respectively. The pattern reflects a cautious stance across diversified crypto exposure as investors reassess risk.

Altcoins Show Strength With Targeted Inflows Despite the broader downturn, several altcoins bucked the trend. XRP attracted $45.8m, Solana added $32.8m, and Sui brought in $7.6m, signaling pockets of resilience. These inflows highlight selective investor confidence in assets perceived to have strong ecosystem momentum or differentiated value propositions even amid macro‑driven volatility.