Bitcoin’s Best Week Since 2024
chamath.substack.com · 1,045 words · saved by 1 readers
A summary of the interesting content that I consumed this past week…
Caught My Eye… 1) Humanoid Company Surges 460% in Record-Breaking $50B IPO Unitree makes four-legged and human-shaped robots. On August 19, it became the first humanoid-robot company listed on mainland China’s Shanghai STAR Market, a general equivalent to the Nasdaq that focuses on high-tech, science, and engineering startups. Unitree sold shares for 150.80 yuan (~$22.44) each and raised 6.1 billion yuan (~$904 million). It was oversubscribed more than 8,000 times, a market record, with 9.8 million retail accounts chasing shares. The stock closed at 845 yuan, up 460% on the first day,…
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