Bitmine Hits $10.7B Treasury; Booz Allen Expands Defense Tech
A wave of corporate restructuring and capital raises defines the day's activity across financial and healthcare sectors.
Bitmine Immersion Technologies (BMNR) has grown its total crypto and cash holdings to $10.7 billion, including 5.67 million ETH tokens. The company now owns 4.7% of the total ETH supply and holds $104 million of Eightco to provide indirect exposure to OpenAI.
Other financial shifts include LendingClub Corp (LC), which has officially rebranded as Happen Bank and begun trading under the ticker HAPN. Meanwhile, Reinsurance Group of America Inc (RGA) appointed Laura Cockrill as Chief Financial Officer, effective immediately, to succeed Axel André.
Healthcare firms are prioritizing liquidity through debt offerings. Adaptive Biotechnologies Corp (ADPT) priced an upsized $300 million offering of 0% convertible senior notes due 2031 to repay the OrbiMed Purchase Agreement and repurchase $25 million of common stock. Ligand Pharmaceuticals Inc (LGND) announced a proposed $550 million offering of convertible senior notes due 2031 to enhance financial flexibility. In clinical developments, uniQure N.V. (QURE) reported that three of six patients in a low-dose cohort for its AMT-260 gene therapy achieved seizure reductions between 79% and 100%.
Booz Allen Hamilton Holding Corp (BAH) is expanding its national security portfolio through the $720 million acquisition of Ultra I&C Mission Solutions, a specialist in encryption and edge-compute products. Middleby Corp (MIDD) is narrowing its focus via the spin-off of Midera Food Processing, with shares expected to be distributed to stockholders on July 6. Primoris Services Corp (PRIM) flagged additional cost overruns and delays within its Renewables business and announced the departure of its Chief Operating Officer.
Domino’s Pizza Inc (DPZ) is initiating a leadership transition, naming current COO Joe Jordan as CEO effective October 1, 2026, as Russell Weiner prepares to retire from the role.