Stocks

Harvard University Endowment Fund sold its entire $86.8 million position in BlackRock’s iShares Ethereum Trust (ETHA) in Q1, while cutting its BTC exposure by about 50% to around $117 million. ETH fund outflows extended beyond Q1, with ETHA showing $922 million in YTD redemptions and ETH trading near $2.1K after falling 12% from early May’s $2.4K high. Market sentiment readings slipped to 28, reflecting heightened fear around Ethereum-linked headlines and ongoing capital rotation.

Strategy chairman Michael Saylor said the firm could sell some Bitcoin between now and the end of 2026, marking a shift from his earlier "never sell" messaging. He said Strategy is running programmatic models and managing equity, credit, and cash with the aim of maximizing Bitcoin per share by 2033.

The U.S. Securities and Exchange Commission has delayed a plan that could have opened the door to trading tokenized versions of U.S. stocks. A Bloomberg report dated 22 May said internal concerns and industry pushback slowed the proposal, as the SEC continues weighing how crypto-based equity products fit within existing securities laws. Recent SEC guidance and remarks from Commissioner Hester Peirce indicate the sharper focus may be on synthetic stock-exposure products rather than tokenized equities tied directly to underlying shares.

IBM shares rose more than 14% since Thursday after the US Commerce Department outlined a $2 billion CHIPS and Science Act push to back US quantum computing manufacturers. The rally added about $26 billion to IBM’s market value, taking it to $237.8 billion, while the stock gained a further 2% on Friday. Under the plan, IBM is set to receive a $1 billion federal grant that it will match with $1 billion of its own capital to build a quantum chip foundry in Albany, New York.

IMAX shares rose roughly 14% Friday amid market speculation that the company may be exploring a sale, with the stock trading near $39 and a market value of about $2.1 billion. Analysts said interest could come from a wide set of buyers, while one source said discussions have been limited to preliminary talks via intermediaries and that IMAX has not made official pitches.

Strategy (NASDAQ: MSTR) drew fresh attention after insider transactions disclosed in May 19 SEC filings, including CFO Andrew Kang's sale of 5,597 shares priced between $163.98 and $166. Director Jarrod M. Patten also sold 5,250 shares at $165.87 to $167, following option exercises totaling $97,933 at $18.654 per share. MSTR was trading at $163 at the time of writing, after moving between $162.4 and $168.71 in the prior session.

A wallet associated with Trump Media & Technology Group transferred 2,650 BTC to Crypto.com on May 22, a move valued at about $204.93 million. The address reportedly still holds 6,889 BTC worth roughly $532.78 million, while the company has not explained whether the deposit reflects a sale, custody shift, or liquidity arrangement.

SanDisk rose 10.75% today with solid volume. Discover what SanDisk does, the drivers behind today’s move, the 2026 price outlook, and why traders are turning to BingX.

IBM surged 12.48% today following significant quantum funding announcements. Discover what IBM does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Arm Holdings (ARM) surged 16.16% today with massive volume. Discover what Arm does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.