Meta announced a roughly $35 billion public offering to fund artificial-intelligence infrastructure, comprising $22.5 billion of common stock and $12.5 billion of mandatory convertible preferred stock. The company also plans a roughly $60 billion at-the-market issuance program, according to BlockBeats.
TradingBeats tracks a whale short
TradingBeats reported that a whale added 4,213.37 META short contracts after the announcement, taking the short position to 10,818.06 contracts worth about $6.85 million. META perpetuals were quoted at $633.33, down about 1.06% over 24 hours, with roughly $98.63 million in volume and $103 million in open interest at publication.