invests

Samsung Fire invests $570 million in Canopius

Samsung Fire & Marine Insurance, a subsidiary of Samsung Group, invested $570 million in Canopius Group to increase its stake in the international specialty insurer. File Photo by John Angelillo/UPI | License Photo

June 12 (UPI) — South Korea’s Samsung Fire & Marine Insurance has invested $570 million in Canopius Group to increase its stake in the international specialty insurer from 19% to 40%.

Canopius announced Wednesday that Samsung Fire had purchased the 21% stake from Fidentia Fortuna Holdings, which is owned by U.S. private equity company Centerbridge Partners.

It marked Samsung Fire’s third investment in Canopius. South Korea’s leading non-life insurance firm channeled funds in 2019 and 2020 to secure a 21% stake in London-based Canopius.

The transaction, which is expected to take place on Sept. 30 this year, is subject to customary closing conditions, including regulatory approvals.

“This additional investment goes beyond a financial stake — it represents a strategic milestone toward increased collaboration and shared value creation,” Samsung Fire CEO Lee Mun-hwa said in a statement.

“We remain committed to expanding our overseas footprint and driving innovation to evolve into a top-tier global insurer,” he added.

Established in 2003, Canopius has grown into a top-tier global underwriter, which has operations in more than 130 countries, including Bermuda, the Netherlands, Singapore, Switzerland, the United Kingdom, and the United States.

The company ranks as the fifth-largest syndicate in the Lloyd’s London market.

Samsung Fire has actively explored investment opportunities in overseas markets. It spent $19 million in 2017 to become the second-largest shareholder of Vietnamese insurer PJICO with a 20% interest.

In 2018, the Seoul-based company channeled $20 million to buy a roughly 5% shareholding in Indonesian non-life insurance company TPI.

Source link

Best Crypto to Buy as Strategy Invests Another $764M in Bitcoin

Strategy, already known for its massive Bitcoin stash, just went deeper – buying another 7,390 BTC for around $764 million. This latest investment happened even as they’re dealing with a class-action lawsuit over their Bitcoin investment talk.

When a company like Strategy continues to bet big, it tends to influence how investors feel. With that in mind, let’s dive into five of the best cryptos to buy that could benefit from Strategy’s latest move.

Why Big Companies Are Buying Bitcoin – And What It Means for Crypto     

Strategy’s Bitcoin shopping spree isn’t a one-off. They’re arguably the loudest and the proudest, but a growing number of corporations are parking their cash in Bitcoin, and it’s worth understanding why this has become a popular trend.

So, why do these firms, traditionally risk-averse with their treasury, decide to get into crypto? A key reason is Bitcoin’s perceived strength as a hedge against inflation. With a fixed supply capped at 21 million coins, it stands in stark contrast to fiat currencies that can be printed – meaning they can lose value over time.

Strategy, for instance, now holds an enormous 576,230 BTC, over 2.7% of all Bitcoin that will ever exist. But aside from that, companies also see it as a way to diversify their holdings, moving away from relying solely on cash and bonds, especially when the economic picture looks uncertain.

And it’s not just a few outliers; 82 public companies, including names like Block and Marathon Digital, now have Bitcoin on their books. This corporate appetite is generally seen as a huge positive for crypto as a whole.

When big companies invest, it adds legitimacy and validation to Bitcoin, encouraging other institutions to take a closer look. These purchases also create massive demand, often absorbing a large chunk of newly mined BTC. For example, in 2024, Strategy bought more Bitcoin than was even produced that year.

This demand can help stabilize prices and provide liquidity, especially during a market dip. Ultimately, it contributes to a network effect – the more companies that buy Bitcoin, the more attractive Bitcoin becomes to others.

What Are the Best Cryptos to Buy After Strategy’s Latest Investment?

Strategy’s Bitcoin moves tend to lead to more interest in crypto as a whole. And with Bitcoin still above $100,000, here are five hidden gems that could be about to take off.

1. Solaxy (SOLX)

Solaxy (SOLX) is one of the best cryptos to buy if you’re bullish on the Solana ecosystem. This new Layer-2 project, which also includes a bridge to Ethereum, has gone viral in 2025 – raising over $38 million in presale funding.

Most of the excitement is around how Solaxy plans to scale Solana. It will handle some transactions off-chain before sending them back to Solana for confirmation. Solaxy’s team already has a testnet block explorer live, showing their product is working.

SOLX powers the network, used for things like fees and staking. Early investors can now buy SOLX in presale for just $0.00173. But with the presale ending in less than 28 days, now is the last chance to get involved.

So, with Strategy investing in crypto again, pre-launch projects like Solaxy might be primed to benefit.

2. BTC Bull Token (BTCBULL)

BTC Bull Token (BTCBULL) could benefit massively from Strategy’s Bitcoin investments. This Bitcoin rewards coin has a unique setup – it dishes out real BTC to holders as Bitcoin’s price climbs. That means holders get paid simply for being bullish on BTC.

There will be three Bitcoin payouts in total, at $150K, $200K, and $250K. On top of these payouts, BTCBULL’s team will also burn some of the supply at intermediate milestones, making the remaining tokens scarcer (and potentially more valuable).

Everything has been audited by Coinsult and SolidProof to ensure safety. And given that BTC Bull Token has the backing of influencers like ClayBro, the future looks bright.

BTCBULL’s presale is ongoing and has raised $6 million so far – showing just how much early interest there is in this rewards token.

3. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is one of the best cryptos to buy if you’re looking for an established player. Designed for fast, low-cost transactions, BCH’s ultimate aim is to be a practical digital currency.

BCH is currently trading at $390 and is up 2% since yesterday – showing it has reacted positively to the Strategy news. And with a significant network upgrade enhancing smart contract capabilities in the works, Bitcoin Cash could be about to push even higher.

Although it might not have the size or first-mover advantage of Bitcoin, Bitcoin Cash is still one to consider as market sentiment improves. 

4. Aave (AAVE)

Strategy’s Bitcoin investments could also boost established DeFi protocols like Aave (AAVE). As a leading decentralized lending and borrowing platform, Aave is in a great spot to attract institutions.

It’s “Project Horizon,” announced in March, specifically targets traditional finance by offering compliant tools for real-world asset integration. Plus, rising crypto prices, fueled by corporate buying, increase collateral on Aave – boosting lending capacity.

Ultimately, its secure code and safety features make Aave another great option as institutional interest grows.

5. MIND of Pepe (MIND)

MIND of Pepe (MIND) taps into the AI crypto trend in an exciting way. Instead of just using buzzwords, this project has genuine utility, featuring an AI agent that can operate independently within the crypto market.

This agent scans social media feeds, checks on-chain data, and even analyzes investor sentiment. It then provides insights to MIND token holders on new market trends and finds under-the-radar tokens that might be about to explode.

The first version of MIND of Pepe’s agent is already live on X – and early community members are loving it. That has helped MIND of Pepe pass the $9.6 million mark in its presale before next month’s DEX listing.

So, with less than 11 days left before the presale wraps up, now might be the ideal time to invest in MIND of Pepe.

Conclusion

Strategy’s Bitcoin buying is excellent news for crypto as a whole. But it’s not just bullish for the big names – it also highlights the potential in lower-cap projects.

These projects, like Solaxy, BTC Bull Token, and MIND of Pepe, are all in a great spot to benefit from institutional demand. And as the market matures, we might just see them take off as more investors realize what they’re capable of.

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.



Source link