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Jinse Finance reported that event-driven investment firm Pentwater Capital has acquired an 8.5% stake in a certain publicly listed mining company, becoming one of the major hedge fund shareholders of this bitcoin mining and data center operator. According to the latest filing submitted on Friday, Pentwater reported holding 26 million shares of the listed mining company, accounting for 8.5%. The company's stock price has pulled back 35% since reaching an all-time high last month. Based on the current share price of around $15, this position is valued at approximately $400 million. Pentwater manages about $18 billion in assets and was previously one of Twitter's top ten shareholders before Elon Musk's acquisition. This disclosure follows a similar increase by another AI-themed hedge fund, Situational Awareness, which last month raised its stake in the company to 9.5%. Last month, the company's shareholders rejected a merger proposal from Core Weave, while the company continues to focus on its dual business lines: bitcoin mining and high-performance computing infrastructure.

According to a report by Jinse Finance, the latest data from SaylorTracker shows that the market value of bitcoin holdings by the bitcoin treasury company Strategy has dropped significantly to $56.11 billions, with an mNAV of 1.01. The unrealized profit on its current holdings of 649,870 bitcoins has fallen below $10 billions, now down to $7.738 billions, and the overall yield has dropped to 16%. Strategy's average purchase price for bitcoin is now $74,433, and the current market price is only about $11,000 below this level.