Alpha Modus Holdings Says Texas Federal Court Denied MNTN's Motion To Dismiss Its Patent Infringement Suit

Nasdaq Surges 200 Points; Nvidia Posts Upbeat Q2 Results

US stocks traded higher with Nasdaq up 200 points. Dow down 0.01%, Nasdaq up 0.77%, and S&P 500 up 0.27%. Tech shares rose 2.2% while consumer staples fell 1.1%. Nvidia reported strong earnings. Propanc Biopharma up 211%, VolitionRX up 86%, Mint Incorporation up 74%, Alpha Modus down 25%, Change Agents down 29%, and Xiao-I down 21%.

Alpha Modus Advances Transaction to Add More Than $200 Million in Bitcoin Assets to Its Balance Sheet

Alpha Modus Holdings announced a strategic transaction to acquire 3,170 Bitcoin (valued at $71,000 per BTC) worth over $200 million to strengthen its balance sheet and address Nasdaq listing deficiency. Management believes the timing is optimal compared to a similar opportunity considered in May 2025 when Bitcoin prices were at record highs. The company will continue its AI, IP, and fintech operations while leveraging the strengthened balance sheet.

Alpha Modus Says It Is Advancing Transaction Expected To Add 3,170 Bitcoin, More Than $200M In Assets, To Balance Sheet; Says It Would Address Nasdaq Shareholder Equity Deficiency

Citigroup Maintains Buy on MNTN, Lowers Price Target to $16

Citigroup analyst Ronald Josey maintains MNTN (NYSE:MNTN) with a Buy and lowers the price target from $17 to $16.

Tigress Financial Maintains Strong Buy on MNTN, Lowers Price Target to $22

Tigress Financial analyst Ivan Feinseth maintains MNTN (NYSE:MNTN) with a Strong Buy and lowers the price target from $26 to $22.

Evercore ISI Group Maintains Outperform on MNTN, Lowers Price Target to $22

Evercore ISI Group analyst Mark Mahaney maintains MNTN (NYSE:MNTN) with a Outperform and lowers the price target from $27 to $22.