
Strategy Buys $21.5M in Bitcoin, Repurchases $192.4M Preferred Stock
Strategy bought 250 BTC for $21.5 million last week, marking four straight weeks of accumulation, while also repurchasing $192.4 million in preferred stock.
The latest in digital assets, markets and regulation.

Strategy bought 250 BTC for $21.5 million last week, marking four straight weeks of accumulation, while also repurchasing $192.4 million in preferred stock.

Bitcoin fell 2.2% to below $84,254 as Ukraine-Russia energy conflicts and Strait of Hormuz incidents drove oil prices to one-month highs ahead of US inflation data.

Ripple-backed Evernorth listed on Nasdaq with a $677 million XRP treasury, far below its $1 billion target, after 80% of SPAC shareholders redeemed their stakes.

Tempo reports that a proposed FASB rule allowing stablecoins to be classified as cash equivalents could drive corporate adoption, provided companies hold direct redemption rights with issuers.

DeFi Development Corp increased its SOL treasury to 2.58 million tokens while its CHAD preferred stock hit record highs, though its market cap remains below its asset value.

Bitcoin fell 2% to trade near $82,423, defying historical 'Uptober' gains, though analysts cite a 365-day moving average crossover as a potential exit from the bear market.

SWI Group raised $900 million to expand AI data centers, integrating former FTX mining asset Genesis Digital Assets into its network across Europe and the US.

Build Asset Management CIO Matt Dines claims rising dollar and Bitcoin prices signal a bullish shift toward a new U.S.-led financial order, citing geopolitical disruptions and European bond stresses.

Bitcoin developer Paul Sztorc alleges that over 80% of Lightning Network payments rely on custodial services, calling the promotion of the technology a "fraud" akin to Theranos.

Anthropic warns self-replicating AI worms could soon infect IoT devices, while separate reports highlight risks to Bitcoin and Ethereum cryptography from advancing AI capabilities.

Bitcoin rose 2.24% to $83,591.79 on Oct. 13, holding above key support despite $386.3 million in monthly ETF outflows and neutral sentiment readings.

FBI arrested OpenAI engineer Abdulrahman Alfozan for allegedly bugging a San Francisco conference room, with the company stating its AI models helped identify him.