MicroStrategy IncorporatedMSTR
▲ PositiveCapitalrelevance
Strategy bought an additional 950 BTC for about $75.7 million, resuming its Bitcoin accumulation.
Impact on assets 2
Digital Finance & Tokenization
MicroStrategy IncorporatedOthers
BitcoinBTC-USD
▲ PositiveDemandrelevance
Strategy's purchase of 950 BTC adds corporate demand, lifting its holdings to 846,000 BTC.
Theme Impact 1
Off-coverage companies
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Japan▼
Metaplanet's Bitcoin income business revenue falls for third straight quarter
Metaplanet's Bitcoin income business revenue declined for a third consecutive quarter. Revenue for the business in the third quarter of 2026, covering July to September, came to 84.84 million yen, down about 51 percent from 174.73 million yen in the previous quarter, according to figures the company released on October 5. The business uses Bitcoin-related options to generate ongoing operating income and support the expansion of its Bitcoin holdings over the medium to long term. Quarterly revenue peaked at 424.18 million yen in the fourth quarter of 2025, then fell to 296.93 million yen in the first quarter of 2026, 174.73 million yen in the second quarter and 84.84 million yen in the third quarter, marking three straight quarters of decline. In its interim results released in August, the company said it shelved a third-party allotment of common shares in the second quarter because its mNAV stayed below 1 for an extended period. As a result, it said, the amount of funding raised fell short of initial expectations, and the collateral it could allocate to the Bitcoin income business did not expand as planned. The latest announcement gave no specific explanation for the revenue decline, saying only that while its full-year earnings forecast assumes progress in fundraising, the quantity of Bitcoin held, growth in BTC NAV and a corresponding expansion in the scale of operations for the Bitcoin income business, progress to date has fallen short of initial expectations.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies ▼Capital
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BTC · Demand · Negative Metaplanet's Bitcoin income business revenue fell for a third straight quarter, with funding shortfalls limiting collateral allocated to Bitcoin-related operations.
United States▲impact 4
Strive Buys 2,000 Bitcoin for $169M as SEC Clears 3X Crypto Funds
Strive purchased 2,000 bitcoin for approximately $169 million, nearly six times the 334 bitcoin that Strategy announced buying the previous day, bringing Strive's total holdings to 29,462 bitcoin at an average price of $84,422 per coin. CEO Matt Cole said SETA preferred stock sales accounted for 61.5% of the capital raised, with warrant exercises generating another $56.7 million, and Strive now carries roughly $1.29 billion of SETA preferred stock with about $168 million in annual dividend obligations. Separately, the SEC approved the CBOE's request to list the first US products delivering three times the daily returns of bitcoin and ether, to be operated by Volatility Shares using regulated bitcoin and ether futures rather than the tokens themselves, doubling the previous 2X cap on US crypto funds. The CFTC also floated a new federal framework for leveraged retail crypto trading, proposing a crypto asset market registration category with token listing standards, market surveillance and anti-manipulation rules, proof of reserves for pooled customer assets, capital requirements, segregation of customer assets, risk disclosures, and KYC and anti-money laundering controls, while stating it cannot require crypto to trade on its platforms without Congress. Treasury withdrew a 2020 self-hosted wallet rule and a 2023 crypto mixer reporting rule, citing concerns over a chilling effect on legitimate activity, and Rain filed an application with the OCC to establish Rain National Trust Bank, following similar moves by Modern Treasury as community banks sue the OCC over federal trust charters for crypto companies. Ondo Finance also launched Ondo private markets with tokenized pre-IPO AI exposure, beginning with an unnamed pre-IPO AI business, offering tokenized notes linked to the company's economic performance rather than actual shares.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies ▲Regulation
Digital Finance & Tokenization › Pure Bitcoin-Treasury Vehicles ▲Regulation
Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▲Regulation
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Regulation
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ASST · Capital · Positive Strive bought 2,000 bitcoin for ~$169M, funded largely by SETA preferred stock sales and warrant exercises, expanding its treasury holdings to 29,462 BTC.
BTC · Regulation · Positive SEC cleared CBOE to list first US 3X bitcoin/ether funds and CFTC floated a federal leveraged crypto framework, while Treasury withdrew restrictive wallet/mixer rules.
ETH · Regulation · Positive SEC approved the first US products delivering three times the daily returns of ether (alongside bitcoin), expanding regulated leveraged crypto exposure.
United States▲2
Strive Buys 2,000 Bitcoin for $169 Million, Nearly Six Times Strategy's Recent Purchase
Strive purchased 2,000 bitcoin for approximately $169 million, nearly six times the 334 bitcoin buy that Strategy announced a day earlier. The company now holds 29,462 bitcoin, putting it within roughly 6,000 bitcoin of Marathon, the next largest holder in the corporate treasury space, and it paid an average of $84,422 per bitcoin this week. According to CEO Matt Cole, sales of the company's Seta preferred stock accounted for 61.5% of the capital raised, while warrant exercises generated another $56.7 million for the purchases. Strive now carries approximately $1.29 billion of Seta preferred stock with about $168 million in annual dividend obligations, and while it remains debt-free, those preferred shareholders are paid ahead of common shareholders at a dividend above 12%.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies ▲Capital
Digital Finance & Tokenization › Pure Bitcoin-Treasury Vehicles ▲Capital
ASST · Capital · Positive Strive bought 2,000 bitcoin for ~$169M, funded largely by Seta preferred stock sales and warrant exercises, expanding its treasury.
BTC · Demand · Positive Strive's 2,000 bitcoin purchase adds corporate treasury demand for bitcoin.
MSTR · Capital · Neutral Mentioned only as comparison: its 334 bitcoin purchase was nearly six times smaller than Strive's.
JapanMetaplanet Unveils Net Interest Income Strategy to Buy More Bitcoin After Shares Fall 26%
Metaplanet, the Japanese investment and Bitcoin treasury company, unveiled a net interest income strategy on Monday, aiming to invest in income-generating assets and use the net interest to accumulate Bitcoin and pay dividends. Under a revised capital allocation policy, 10% to 15% of assets can be shifted into strategic investments, including mergers and acquisitions and interest-bearing assets, while Bitcoin remains the primary treasury reserve asset, accounting for 85% to 90% of total assets. The move comes amid shareholder concerns over governance, after Metaplanet filed five amended documents on Friday to clarify that CEO Simon Gerovich does not hold a majority voting interest in MMX Ventures, and after pseudonymous shareholder Bitcoin Pharaoh called for disclosure of the owners of MMX Ventures, including the 23.8% stake said to be held indirectly by Gerovich, and the names of two executives who exercised options for 18.8 million shares from the Series 10 pool. Earlier, on September 11, the company cut its share pool by 41%, reducing potential shares by 131.3 million, from 319.464 million to 188.19 million, which cancelled more than 220 million dollars in warrant value and increased fully diluted Bitcoin per share by about 8.8%. Metaplanet's share price rose more than 5.6% over the past five trading days but is still down 26% since the start of the year, while its mNAV ratio stood at 0.80 times Bitcoin NAV at Monday's close in Tokyo.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies Capital
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United States▼
Strategy Shifts Budget to STRC Buybacks, Overtaking Bitcoin Purchases, Touts Daily Dividend Plan
Michael Saylor's Strategy spent more than six times its weekly Bitcoin budget buying back roughly 1.77 million STRC preferred shares worth 176.3 million dollars in the Monday-to-Sunday period, while purchasing only 334 BTC worth 28.7 million dollars. That left total holdings at 848,000 BTC, according to an 8-K filing with the U.S. Securities and Exchange Commission on Monday. Strategy also filed a separate proxy statement seeking shareholder approval for regular dividends every business day on its STRC, STRF, STRK and STRD shares, replacing the existing schedule under which STRC pays twice a month and the other three pay quarterly. Shareholders will vote at a special meeting on October 28. If approved, the daily payout schedule for STRC would begin in November, with STRF, STRK and STRD following in January. Strategy's Bitcoin holdings rose just 0.2% in the third quarter, reflecting purchases of 7,218 BTC and sales of 5,553 BTC, leaving 847,666 BTC at the end of February versus 846,000 BTC at the end of June, a sharp slowdown from the second quarter's nearly 11% increase from 762,099 BTC. The company reported preliminary gross gains of 20.91 billion dollars from digital assets in the quarter. MSTR shares rose 2.9% in premarket trading on Monday to 164.60 dollars, while STRC traded at 99.45 dollars, near its 100 dollar stated value.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies Capital
Digital Finance & Tokenization › Pure Bitcoin-Treasury Vehicles ▼Capital
MSTR · Capital · Positive Strategy is redirecting its budget to buy back 1.77 million STRC preferred shares and seeking approval for daily dividends on its preferred shares.
BTC · Demand · Negative Strategy's Bitcoin purchases slowed sharply, buying only 334 BTC this period and just 7,218 BTC in Q3 versus nearly 11% holdings growth in Q2.
Japan3
Metaplanet Revises Capital Allocation Policy, Earmarks 10-15% of Total Assets for M&A and Investment
Metaplanet announced on October 5 that it has revised its capital allocation policy, setting a new guideline of allocating roughly 10-15% of total assets to a "strategic investment pool" for M&A and investments. The remaining roughly 85-90% will be held in Bitcoin. The company also announced the same day that it acquired a net 1,000 BTC in the third quarter of the fiscal year ending December 2026, bringing its holdings to 44,000 BTC. The NADA Bitcoin Index stood at about 13.55 million yen per BTC on October 5, which puts the market value of its Bitcoin holdings at roughly 596 billion yen, meaning the 10-15% strategic investment pool equates to about 66 billion to 105 billion yen. The strategic investment pool will be used for three purposes: M&A to build the foundation of a financial business, investment in overseas Bitcoin-related preferred securities, and investment funds for an asset management business, with Metaplanet Securities and SLE cited as M&A examples. Funding will in principle come from means that do not dilute common shares, including corporate bonds, borrowings, credit facilities secured by Bitcoin, and perpetual preferred stock. The guideline set out in the March policy, which called for keeping the outstanding balance of credit facility borrowings to generally less than 10% of Bitcoin's net asset value, will now apply only to borrowings for acquiring and holding Bitcoin, with strategic investment pool funding managed separately and excluded from that limit.
About megatrends
Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies Capital
Digital Finance & Tokenization › Pure Bitcoin-Treasury Vehicles Capital