Bitmine Eyes ETH Milestone; People Inc. Bids for MGM Resorts
Crypto treasury growth and strategic M&A headlines a mixed day of corporate updates across financial and software sectors.
Bitmine Immersion Technologies (BMNR) has grown its crypto and cash holdings to $11.6 billion, including 5.42 million ETH tokens. The company now owns 4.49% of the total ETH supply and holds $93 million of Eightco to gain indirect exposure to OpenAI. Stewart Information Services Corp (STC) declared a second-quarter cash dividend of $0.525 per share. Corvel Corp (CRVL) issued a cautionary update regarding its leadership transition and market leadership goals.
People Incorporated (IAC) has submitted a non-binding proposal to acquire MGM Resorts International (MGM) for $48.30 per share in cash. The bid represents a 24.1% premium to MGM's 30-day volume-weighted average price, with People Incorporated already owning 26.1% of the resort operator. Science Applications International Corp (SAIC) reported first-quarter revenues of $1.91 billion, a 2% increase, and raised its fiscal 2027 guidance for adjusted EBITDA and diluted EPS. Flutter Entertainment plc (FLUT) confirmed its total ordinary shares in issue stood at 173,400,475 as of May 31.
Sonida Senior Living (SNDA) appointed Anton Nikodemus as Chief Operating Officer to oversee operational performance and margin expansion. Teleflex Inc (TFX) launched a private offering of $500 million in senior notes due 2032 to redeem its outstanding 4.625% senior notes due 2027.
Astronics Corp (ATRO) announced a 20% Class B stock distribution, granting shareholders one Class B share for every five shares held. CECO Environmental completed its strategic acquisition of Thermon Group Holdings (THR), integrating the industrial process heating specialist into its engineered solutions portfolio.
Array Digital Infrastructure (AD) closed the sale of spectrum assets to Verizon for $1.0 billion and completed separate sales to T-Mobile totaling $168 million. The company declared a special cash dividend of $11.00 per share following these monetizations.
Celsius Holdings (CELH) provided updated definitions for its non-GAAP Adjusted EBITDA metrics.
Penguin Solutions (PENG) reaffirmed its full-year fiscal 2026 outlook for net sales and diluted EPS, citing demand driven by agentic AI. The company also announced that CFO Nate Olmstead will step down on July 8.
GigCapital7 Corp. (HDRN) reported total assets of $4.59 million as of March 31, 2026, with cash on hand totaling $2.13 million.