Latest news with #Shkreli
Hypebeast
23-07-2025
- Entertainment
- Hypebeast
Sale Price of Wu-Tang Clan's 'Once Upon a Time in Shaolin' Revealed
Summary Bloombergjournalist Jason Leopold has revealed the sale price ofWu-Tang Clan's elusiveOnce Upon a Time in Shaolinfollowing a Freedom of Information Act (FOIA) request in 2021. The album, previously owned byMartin Shkreliprior to his securities fraud conviction, was sold by the US Attorney's office in July 2021 to cover the forfeiture of his assets. However, the government did not divulge the buyer's name and price as part of 'confidentiality provision.' In October of the same year, the digital art and crypto collectivePleasrDAOannounced that they had acquiredOnce Upon a Time in Shaolinfor about $4 million USD in crypto. Leopold went through years of back and forth with the US government, who provided him with unseen images of the album and redacted documents due to 'trade secrets.' The journalist explained, 'The reason it took so long is that the DOJ still had to hand over other documents I requested, and I couldn't challenge the trade secrets and privacy exemptions until the agency finished its production.' Finally, Leopold received an unredacted copy of the album's bill of sale and purchase agreement. As it turns out,Once Upon a Time in Shaolinwas sold to WTC Endeavors for $2,238,482.30 USD — the exact amount Shkreli owed. WTC Endeavors was incorporated in Hong Kong in May 2020 but dissolved in March 2023. In June 2024, PleasrDAO filed a lawsuit against Shkreli claiming thathe had created and distributed copiesof Once Upon a Time in Shaolin. He was then ordered by a federal judge to turn over all the copies he made, as well as the names of any person that received a copy. While PleasrDAO is required to follow the same rules as Shkreli did when he owned the album (no streaming or distributing the album until 2103), the collective was able to turnOnce Upon a Time in Shaolininto an NFT. For $1 USD, interested fans can listen to five minutes of the record. As Leopold notes, each sale 'will speed up the release of the album by 88 seconds.'
Yahoo
13-06-2025
- Business
- Yahoo
IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: 'Only Two Companies Seriously Investing,' Says Martin Shkreli
Many big tech companies, including startups, are foraying into the emerging field of quantum computing. Out of the 300 quantum computing patents issued in 2025, two companies have received the most. What Happened: International Business Machines Corp. and Alphabet Inc.'s (NASDAQ:GOOGL) Google appear to have made significant investments in the quantum computing space on a year-to-date basis. According to the data shared by Martin Shkreli, there was a steep drop-off in issued patents after IBM and Google, suggesting that other companies are either smaller players or not prioritizing quantum computing as heavily. IonQ Inc., D-Wave Quantum Inc., PsiQuantum, Quantinuum, and Intel Corp., followed the first two firms. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Furthermore, he highlighted that Wells Fargo & Co. (NYSE:WFC), Bank of America Corp. (NYSE:BAC), and JPMorgan Chase & Co. (NYSE:JPM) also hold quantum patents, which he describes as 'big company spend.' Large corporations often invest in emerging technologies like quantum computing to hedge against future disruptions, even if they're not leading the field. Shkreli also notes that companies like Cisco Systems Inc. (NASDAQ:CSCO) are working on Quantum Key Distribution (QKD) and quantum networking patents. QKD uses quantum mechanics to secure communications, offering theoretically unbreakable encryption. Lastly, Shkreli suggests that Microsoft Corp.'s patent output doesn't match its spending or public statements, implying they may be focusing more on development or partnerships rather than patenting their work. Why It Matters: The evolving quantum computing space relies on qubits, which, unlike classical bits in traditional computers, can superpose and entangle 0 and 1 to solve complex problems. While still in the development stage, many publicly listed firms are involved in their research and development. Here's a list of a few companies and an exchange-traded fund that tracks such YTD Performance One Year Performance International Business Machines Corp. (NYSE:IBM) 28.00% 66.58% Alphabet Inc. (NASDAQ:GOOG) -6.21% -0.43% Intel Corp. (NASDAQ:INTC) 2.27% -32.77% Cisco Systems Inc. (NASDAQ:CSCO) 8.61% 40.71% Microsoft Corp. (NASDAQ:MSFT) 12.91% 7.16% IonQ Inc (NYSE:IONQ) -7.89% 399.37% D-Wave Quantum Inc (NYSE:QBTS) 72.01% 1325.00% Rigetti Computing Inc (NASDAQ:RGTI) -37.40% 1127.45% Quantum Computing Inc (NASDAQ:QUBT) 1.12% 2864.06% Defiance Quantum ETF (NASDAQ:QTUM) 8.24% 38.92% The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to Benzinga Pro data. The futures of the S&P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: JHVEPhoto / Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article IBM, Google Emerge As Top Investors In Quantum Computing With Most Patents Issued In 2025: 'Only Two Companies Seriously Investing,' Says Martin Shkreli originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
31-05-2025
- Business
- Business Insider
‘Do Not Buy' SharpLink Gaming Stock (SBET) Warns Martin Shkreli
Investor Martin Shkreli has warned his followers on X, formerly Twitter, that SharpLink Gaming (SBET) isn't a stock worth buying. Specifically, the businessman said, 'may go to 500-1000 (i bought small, do not buy).' Confident Investing Starts Here: Shkreli highlighted SBET stock after the shares surged this week on news that it's creating an Ethereum (ETH) treasury. It has raised $425 million to do so through a private investment in public equity (PIPE). Investors will also keep in mind that Ethereum co-founder Joseph Lubin has joined SharpLink Gaming as its Chairman of the Board. Shkreli's comments on SharpLink Gaming stock carry a lot of weight. That's due to his history as an investor and the lack of analyst coverage for SBET. This has retail traders closely watching the advice of online investing personalities to get a read on SharpLink Gaming. SharpLink Gaming stock movement this week has been phenomenal. The shares have rocketed 2,639.93% over the last five days, largely thanks to its Ethereum treasury announcement. That rally continued on Friday, with SBET stock rising another 12.07%. Despite the huge interest in SBET stock, its daily active trading has hovered around 2 million shares. Shkreli shed light on this in his X post. He noted that the SharpLink Gaming float is less than 2 million shares. This is due to a registration rights agreement on the 69 million shares issued that won't be effective for months. This leaves it with a tradable market capitalization of roughly $130 million. Is SBET Stock a Buy, Sell, or Hold? While analyst coverage of SharpLink Gaming is lacking, TipRanks' AI analyst, Spark, has weighed in on the company. It offers an Underperform (40) rating for the shares and no price target. SBET stock may get more analyst coverage following its dive into Ethereum.
Fox News
20-02-2025
- Business
- Fox News
Man plans 'extended' travel after winning lottery by playing same numbers for years
A man in Wayne County, Michigan won over a million dollars in the lottery after playing the same numbers year after year — and said he now plans on taking an "extended family vacation." The man, 54, who did not reveal his identity, told the Michigan Lottery that his $1.3 million jackpot win was a "dream come true." His winning ticket was drawn on Jan. 8. He bought the winning Lotto 47 ticket at a liquor store in Taylor, Michigan, southwest of Detroit. "I have played this set of numbers for four years," the winner told the Michigan Lottery. "I scanned my ticket on the Lottery app and saw the confetti fly." His winning numbers were 04-08-17-28-36-43. He did not tell the Michigan Lottery how he came up with those numbers — or whether he plans to continue playing them now that he's won the jackpot. Winning, said the man, "is a great feeling and gives me and my family financial freedom." The winner chose to receive his jackpot winnings in the form of a lump sum of $901,000, said the Michigan Lottery. He plans on paying bills in addition to going on an "extended" vacation with his family. In 2024, eight players won the Lotto 47 jackpot, Michigan Lottery Commissioner Suzanna Shkreli said in a press release published by the Michigan Lottery. "It looks like that luck is continuing into 2025! Congratulations to the lucky player and his family on their big win," said Shkreli. The Lotto 47 game costs $1 per play. Winners are drawn on Wednesdays and Saturdays. For more Lifestyle articles, visit Each player selects six numbers from one to 47, said the Michigan Lottery's website. The jackpot begins at $1 million and grows until it is won. The Michigan Lottery began in 1972 and supports the state's public schools, said its website. Since its founding, more than $28 billion has gone to the School Aid Fund, said Michigan Lottery. "We are proud to support the education of Michigan's children, which is our primary mission," said the website.
