Bitcoin treasury company Strive disclosed an optional program to repurchase up to $500 million of its variable-rate perpetual preferred stock, traded as SATA, on Oct. 5. The program exceeds its reported $284.7 million cash balance and lets management weigh further Bitcoin purchases against retiring dividend-paying preferred shares. The SEC filing gives management discretion to repurchase
Brian Armstrong, CEO of Coinbase, recently congratulated the teams selected for Base Batch 004 in a tweet. He encouraged those who were not selected to continue building, reflecting on his own experiences with numerous startup ideas before the success of Coinbase. This statement emphasizes the importance of perseverance in the competitive startup ecosystem, especially in
Rising Treasury yields usually spell trouble for risk assets. Fundstrat’s Sean Farrell thinks this time they are setting up Bitcoin’s next big move, and he expects the price to climb back above $100,000 before the year is out. The call Farrell, head of digital asset strategy at Fundstrat, said that Bitcoin has already made a
The world’s largest digital asset manager, Grayscale Investments, is convinced that attempting to time the Bitcoin ($BTC) market is quite often a fruitless endeavour. In a recent publication titled “$BTC’s Hidden Risk: The “Out-of-Market” Opportunity,” the company noted that multi-year returns are highly dependent on a short window of high performance days. Timing Bitcoin is
U.S. President Donald Trump has promised to give every American $5,000 if the Republicans win both chambers of the Congress in upcoming midterm elections. From an economic perspective, this injection of cash into the economy could be yet another catalyst for a rise in the value of risky assets. According to the head of DWF
Strive CEO Matt Cole is pitching his company as the likeliest “fastest horse” among Bitcoin treasury firms in the next bull market, and he backed it with seven principles on competition posted on X. His broader argument, however, is that Strive and Strategy need each other to expand the market for Bitcoin-backed digital credit rather
SpaceX (NASDAQ: SPCX) stock rose by 6% to approximately $168.78 on Monday, which increased the company’s market cap to around $2.29 trillion, taking the stock beyond the $150 mark that made Elon Musk the world’s first trillionaire in June. The move comes after Morgan Stanley endorsed the company again, and Musk’s move to rename the
Bitcoin’s Spot market is recovering from its drop-off in July. However, the overall recovery is minimal enough to confirm stronger demand. Binance led the recovery, with September volume reaching $50 billion from $42 billion in July. Bybit followed at $19 billion versus $14 billion. Meanwhile, Kraken doubled its figures from $4 billion to $8 billion.
Bitcoin has gained support from a fall in October Federal Reserve rate-hike odds to roughly 23% from 64%, but a move toward $93,000 still depends on lower Treasury yields and stronger buying, according to Bitget Wallet’s research lead. Lacie Zhang, Research Lead at Bitget Wallet, told crypto.news that Bitcoin needs sustained purchases to turn the