A weak September jobs report may have taken a rate hike off the table, but bitcoin is still stuck below $87,000, with FOMC minutes due Wednesday.
Strive ·, the bitcoin treasury company led by Matt Cole, added another 2,000 bitcoin last week for $169 million, bringing total holdings to 29,462 valued at nearly $2.5 billion.
Funds for the purchase were raised via warrant exercises on the common stock as well as sales of the company’s high-yielding preferred stock SATA, which has continued to trade at its par value of $100.
Strategy · made a modest addition to its bitcoin holdings last week, acquiring 334 coins for $28.7 million. That brought total holdings to 848,000 BTC with an average purchase price of $75,441 each.
The company raised $15.7 million last week via the sale of common stock and also repurchased about $175 million of its high-yielding preferred stock STRC, which continued to trade just a few cents below its $100 par value.
Last week included the end of the third quarter, and Strategy reported a $20.91 billion gain on its bitcoin holdings as well as $1.88 billion in deferred tax expense.
Decentralized liquidity protocol Aave wants to create a member less Cayman Islands entity, Aave Foundation, that will hold Aave's trademark and IP for the DAO under the Aave Will Win framework.
This proposal represents Phase 1 of establishing the legal entity and appointing its initial independent director and supervisor. Subsequent phases will focus on transferring the trademark, domains, and codebase IP, as well as defining the operational scope.
Source link
