Core Scientific Stock Rises 15% After Key Appointments Robinhood Acquires WonderFi for 41% Premium Strategy Incorporated Adds 7,390 BTC to Holdings

Core Scientific (CORZ) has seen a rise in its stock value following the appointment of Elizabeth Crain to its Board of Directors. Crain, with over thirty years of experience in investment banking and private equity, co-founded Moelis & Company and held senior roles at UBS. Her appointment, along with Jordan Levy being named Chairman, marks a significant moment for the company as it enhances its leadership team amid a broader transition in business focus and operations. Crain will also Chair the Audit Committee, a key position as Core Scientific continues its strategic shift toward AI-related infrastructure.

Robinhood Markets (HOOD) has officially announced its $250 million CAD acquisition of Toronto-based WonderFi, signaling a major step in its Canadian expansion strategy. The deal, which offers a 41% premium over WonderFi’s last closing price, will bring WonderFi’s 115-person team and established crypto brands—Bitbuy, Coinsquare, and SmartPay—under Robinhood Crypto’s umbrella. The acquisition is set to close in the second half of 2025 and is expected to significantly bolster Robinhood’s crypto presence in Canada. Robinhood Crypto executive Johann Kerbrat recently emphasized the company’s focus on tokenization and financial accessibility, highlighting how fractionalized assets like real estate can open up previously inaccessible markets to everyday investors. The company submitted a 42-page proposal to the SEC seeking a federal framework for tokenized real-world assets. It aims to bring traditional financial markets on-chain with legally recognized asset-token equivalence.

Strategy Incorporated (MSTR) has added another 7,390 BTC to its corporate treasury, spending approximately $765 million as Bitcoin traded above $100,000. This latest accumulation brings its total holdings to 576,230 BTC—acquired for $40.2 billion—now valued at over $59.2 billion, reflecting an unrealized gain of roughly $19.2 billion. However, the aggressive Bitcoin strategy continues to attract scrutiny. The company and its executives, including Executive Chairman Michael Saylor, have been hit with a class-action lawsuit alleging they misrepresented the risks tied to their Bitcoin-centric investment approach. Despite legal pressure, Strategy remains the largest corporate holder of Bitcoin, and its Bitcoin-first approach has inspired similar treasury strategies in Asia and the Middle East.

Summary: Core Scientific (CORZ) has appointed Elizabeth Crain to its Board of Directors, reinforcing its shift toward AI infrastructure. Robinhood Markets (HOOD) has acquired WonderFi for $250 million CAD, expanding its presence in Canada. Strategy Incorporated (MSTR) has added 7,390 BTC to its holdings, facing a class-action lawsuit over its Bitcoin strategy.

Analysis: The appointments and acquisitions by these companies indicate a strategic shift toward AI and crypto expansion. Core Scientific's focus on AI infrastructure, Robinhood's acquisition of WonderFi, and Strategy's continued investment in Bitcoin reflect a broader trend in the tech and finance sectors. However, Strategy's aggressive Bitcoin strategy has attracted legal scrutiny, which could impact its future operations. Overall, these moves suggest a growing interest in AI and crypto technologies, with companies looking to capitalize on these emerging markets.