BLK News & Events

The close of the first quarter brought a wave of institutional expansion and corporate rebranding, as major infrastructure operators and global brokers moved to solidify their presence in the digital asset market. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITFARMS ACHIEVES RECORD SEVENTY TWO PERCENT REVENUE GROWTH AHEAD OF REBRAND:Digital asset infrastructure operators are reporting strong fiscal performance as they transition to new corporate identities. Bitfarms. The company is currently advancing its strategic plan to rebrand the entire organization as Keel Infrastructure, with the change effective April 1. This maturation of the infrastructure sector is being reflected in broader regulatory filings, with firms likeandalso finalizing their annual reports to close the quarter.AMERICAN BITCOIN CROSSES SEVEN THOUSAND COIN MILESTONE AS CORPORATE TREASURIES EXPAND:Corporate balance sheets continue to aggressively accumulate digital commodities despite broader market volatility. American Bitcoin, announcing it has surpassed the 7,000 bitcoinmilestone, nearly tripling its reserves since its Nasdaq debut. Other firms are also disclosing significant holdings; Ton Strategyit now holds 219.7M toncoinwith a fair value of $356.8M,out of Hyperscale Datamaintains a treasury of 633.86 coins that, combined with its cash position, significantly exceeds its current market cap.INTERACTIVE BROKERS AND GALAXY DIGITAL EXPAND GLOBAL ACCESS AS BLACKROCK SHIFTS HOLDINGS:Service providers are aggressively broadening their reach to meet global demand for digital assets. Interactive Brokers, offering access to 11 tokens including solana, XRP, dogecoin, and cardano. Domestically, Galaxy Digital, offering estimated rewards of 6.50%. This expansion occurs as institutional giants rebalance their underlying holdings; Lookonchain detected that BlackRockinto Coinbase Primefor custody rebalancing.PRICE ACTION:As of time of writing, bitcoin was trading at $67,130.17, while ether was trading at $2,071.93,.

A Morgan Stanley (MS) broker for U.S. Secretary of Defense Pete Hegseth tried to make a major investment in big defense names in the weeks leading up to the U.S.-Israeli attack on Iran, the Financial Times' Paul Murphy, Harriet Agnew, Joshua Franklin, and James Politi report, citing three people familiar with the matter. The broker reached out to BlackRock (BLK) in February about investing millions of dollars in the asset manager's Defense Industrials Active ETF shortly before the U.S. launched strikes in Iran, the authors say. The inquiry on behalf of Hegseth was flagged internally at BlackRock, the authors note, citing people familiar with the matter. The aforementioned ETF's largest holdings include RTX (RTX), Lockheed Martin (LMT), and Northrop Grumman (NOC), all of which count the U.S. government as their biggest customers, as well as Palantir (PLTR), according to FT.

The major averages were broadly higher near noon to start the week following last week's declines. Amid continued conflict in the Middle East and rising energy prices, President Trump said the U.S. is in "serious discussions" with Iran to end its military operations. However, he added that if a peace deal is not reached "shortly" and the Strait of Hormuz is not reopened, the U.S. will "conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'" Following the comments, oil prices are rising once again past the $100 per barrel mark.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SyscoJetro Restaurant Depot for a total enterprise value of $29.1BUberglobal chauffeur service leader BlacklaneAuriniaKezar Life Sciencesfor $6.955 per share in cash plus a non-transferable contingent value rightSpirewill sell itsto Boardwalk Pipelines for $215M in cashTJX'sboard raised itsand said it plans $2.5B-$2.75B of share repurchases for FY272. WALL STREET CALLS:CrowdStriketo Outperform from Peer Perform at Wolfe ResearchExpediato Buy from Hold at JefferiesInstacartto Buy from Hold at JefferiesDole, Nomad Foodsto Hold at Deutsche BankStarbuckswith an Underperform at BNP Paribas3. AROUND THE WEB:In a recently published report, Morpheus Research says that MakeMyTrip, a $3.5B online travel agency that is sometimes referred to as the "Booking.com of India" with 50% of the Indian OTA market, "openly defies regulators, scams customers, and pads profits through accounting tricksBanks led by JPMorganare dealing with pushback related to the terms of a $7.2B debt deal to fund Clayton, Dubilier & Rice's takeover of Sealed Air, Bloomberg reportsYouTubeemployees have admitted their goal was "viewer addiction" and shut down proposed safety tools for kids since they did not provide a sufficient return on investment, NY Post saysIQM Quantum Computers has secured $57.64M in venture financing from funds managed by BlackRockto accelerate growth, Reuters saysAn analysis of billions of anonymized credit card transactions by consumer transaction analysis company Indagari indicates that Claude is seeing record growth in paid subscribers, with subscriptions more than doubling this year according to Anthropic, TechCrunch says4. MOVERS:Compass Diversifiedincreases after announcing it willbusiness to Archer for $292.5MiQiyigains in New York afteron HKEXViridiandeclines after announcing results from its REVEAL-1 phase 3Fermilower afterBoston Scientificfalls after Raymond Jamesits rating on the stock to Outperform from Strong Buy5. EARNINGS/GUIDANCE:Alaska AirUSA Rare Earth, with CEO Barbara Humpton commenting, "2025 was the year that USA Rare Earth set the foundation to execute our integrated rare earth growth strategy"Spirefor FY27Neumora Therapeutics, with EPS missing consensusCBAK Energy Technology, with revenue higher year-over-yearINDEXES:Near midday, the Dow was up 0.88%, or 395.42, to 45,562.06, the Nasdaq was up 0.29%, or 60.40, to 21,008.76, and the S&P 500 was up 0.48%, or 30.52, to 6,399.37.

The final trading day of the quarter arrived with a structural shift in the digital asset landscape, as major corporate treasuries diverged in their accumulation tactics while mining operators accelerated a sector-wide defection to artificial intelligence infrastructure. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.CORPORATE TREASURIES DIVERGE AS STRATEGY PAUSES AND BITMINE ACCUMULATES ETHER:In a stark departure from its aggressive accumulation strategy, Strategythat it made zero bitcoinpurchases during the March 23–29 window, marking the first pause in its 13-week buying streak. The company currently sits on an unrealized paper loss of approximately $6.2B with its holdings remaining at 762,099 coins. This pause coincides with a broader institutional retreat, asshows that weekly spot fund outflows reached a three-week high of $464M, led by a $201.5M single-day withdrawal from the iShares Bitcoin Trust managed by BlackRock.While other treasuries retreated, Bitmine Immersion Technologiesannouncedthat it purchased 71,179 etherlast week, worth roughly $143M. The firm has now accelerated its buying pace for four consecutive weeks, bringing its total holdings to 4.73M ether, equivalent to approximately 3.92% of the total circulating supply. Bitmine expects its treasury to generate $177M in annualized staking revenue and maintains a $102M stake in Eightco Holdings. In other tactical treasury moves, Nakamoto, and Empery Digital.MINERS DEFECT TO ARTIFICIAL INTELLIGENCE INFRASTRUCTURE TO ESCAPE MARGIN SQUEEZE:Mining operators are currently facing an existential margin deficit, losing an estimated $19,000 for every bitcoin produced as all-in production costs have ballooned to $80,000., this pressure is forcing a rapid pivot toward artificial intelligence and high-performance computing contracts. Bitdeer Technologies Groupto convert its Tydal site in Norway into a 180 megawatt AI data center powered by Nvidiaarchitecture. Simultaneously, Soluna Holdingsthat its power development pipeline has expanded to 4.3 gigawatts to host AI workloads, even as revenue fell to $29.7M. This infrastructure reorientation is also being seen at MARA Holdings, Riot Platforms, Core Scientific, TeraWulf, and IREN, all of whom are being modeled increasingly as data center operators like Equinix.TRUMP CEASEFIRE COMMENTS TRIGGER SHORT SQUEEZE AMID MACRO VOLATILITY:The broader crypto complex staged a recovery on Monday following astating that the U.S. is in "serious discussions" for a ceasefire in Iran. The news triggered $9.3M in short liquidations in a single hour, lifting assets like solana, XRP, and BNB. Despite the relief rally,, which could trigger a massive carry trade unwind. Amidst this volatility, analysts at Bernstein maintained Outperform ratings on Coinbase, Robinhood, and Figure, arguing these stocks may mark a cycle bottom.PRICE ACTION:As of time of writing, bitcoin was trading at $67,632.68, while ether was trading at $2,068.92,.