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As bitcoin breaches $100K, MicroStrategy holdings, Saylor’s wealth surge
MicroStrategy, the Tysons-based tech company chaired by bitcoin whale Michael Saylor, has pursued bitcoin as an investment strategy since 2020. Now, it appears to have paid off as bitcoin breached the $100,000 threshold. Bitcoin rose above $100,000 per coin Wednesday night, after previously breaching $99,000 on Nov. 21. At 11:45[...]
FAA certification clears way for DroneUp to scale up
Virginia Beach-based drone delivery company DroneUp has received a Federal Aviation Administration certificate that will allow it to grow its delivery operations. On Tuesday, the company announcedi t received an FAA Part 119 air carrier certificate under Part 135. The certificate allows DroneUp to carry third-party property as a[...]
100 People to Meet in 2025
In our sixth annual list of 100 Virginians you’ll want to meet in the new year, you’ll encounter interesting people of many ages and occupations — from a doctor in his 80s who built the Chesapeake Care Clinic to a 10-year-old CEO who started his own popcorn business and whose parents are his employees. In […]
Unanet acquires D.C. AI firm
Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for governme[...]
Carolina Structural Systems to establish Greensville plant
Carolina Structural Systems, a company that manufactures custom wood trusses and other structural products, will invest $5.5 million and create an estimated 58 jobs in Greensville County, Gov. Glenn Youngkin announced Monday. Based in North Carolina, Carolina Structural Systems plans to construct a 40,000-square-foot manufacturi[...]
Defense/public safety tech manufacturer moving to SWVA
Wrap Technologies, an Arizona-based public safety and defense technology company, is locating its manufacturing and distribution base in Norton’s Project Intersection industrial park, Gov. Glenn Youngkin announced Friday. The company will occupy a new, 20,000-square-foot building at Project Intersection, where U.S. Route 2[...]
Owens & Minor sues Anthem, accusing insurer of mishandling claims
Mechanicsville-based Fortune 500 health care logistics and supply company Owens & Minor filed a federal lawsuit against Anthem Blue Cross and Blue Shield this week, claiming that the Henrico County insurer mismanaged funds for Owens & Minor’s employee health insurance plan and allegedly violated the Employee Retire[...]
UPDATE: Botanical garden workers vote to unionize
Updated Nov. 22 RICHMOND, Va. – Lewis Ginter Botanical Garden workers voted 37-13 in favor of unionization on Nov. 21. The workers filed for union representation last month amid employee-voiced workplace concerns, which ranged from lack of equipment to safety policies. This is the first group of botanical garden workers to be [...]
AeroVironment to acquire BlueHalo for $4.1B
AeroVironment, an Arlington County defense contractor, announced this week it will purchase aerospace and defense tech firm BlueHalo for approximately $4.1 billion in an all-stock transaction. Also based in Arlington, BlueHalo is owned by private equity firm Arlington Capital Partners and works in space technologies, counter-unc[...]
Armada Hoffler’s next CEO to assume role Jan. 1
Shawn Tibbetts, Armada Hoffler Properties’ president, chief operating officer and CEO designate, will become CEO on Jan. 1, 2025, earlier than previously announced. The Virginia Beach-based real estate investment trust announced in February that it expected to name Tibbetts as CEO in spring 2025, upon current CEO Louis Haddad�[...]
Volkswagen’s U.S. subsidiary names new president and CEO
Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in [...]
Miyares declares run for 2nd term as Va. AG
Virginia Attorney General Jason Miyares declared Monday he will run for a second term in 2025, leaving Lt. Gov. Winsome Earle-Sears a clear path to the Republican nomination for governor. Gov. Glenn Youngkin, who is prohibited by state law from serving consecutive terms as governor, endorsed both candidates following MiyaresR[...]
