The offering supports AI investment as the Google parent plans $180 billion to $190 billion in capital expenditures this year.
The figure is for Binance spot trading.
Its Ethereum vault had supplied about $704,000 to the pool before the move, with roughly $640,000 remaining afterward.
The trust had about $62 billion in net assets as of Oct. 30. Coinbase is its main Bitcoin custodian, with Anchorage Digital as an additional
The rating moved from Strong Buy after Intel’s third-quarter results and a weaker-than-expected fourth-quarter outlook.
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