Strategy CEO Phong Le expects Bitcoin dominance to keep increasing

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.

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%.

Nasdaq-listed Solana treasury company DeFi Development Corp. announced that its Solana holdings have reached 2.56 million SOL, with net asset value per share expected to rise by more than 100%. The company added roughly 26,203 SOL since September 28, expanding its holdings of SOL and equivalents to about $302 million, an increase of roughly 11% since its August 12 earnings update. In September the company established a $300 million at-the-market program for its CHAD preferred stock, with proceeds mainly earmarked for SOL purchases. The new CHAD preferred shares paid their first dividend on October 1, at an annual rate of 13% on a $10 par value, equivalent to about $1.30 per share per year. According to CoinGecko's Solana treasury tracker, 23 entities hold a combined 19.61 million SOL, worth about $2.36 billion, with DFDV ranking second behind Forward Industries at 2.49 million SOL. The company's figures as of September 30 are preliminary, and final quarterly results may differ from current estimates.

US-listed Stripe announced on the 5th that it purchased 2,000 BTC of Bitcoin for 169 million dollars, equivalent to about 26.6 billion yen, raising its total holdings to 29,462 BTC. CEO Matt Cole revealed this in a post on X that evening, and according to a special report filed with the US Securities and Exchange Commission on the 5th, the purchase period ran from September 28 to October 2, with an average purchase price of 84,422 dollars per BTC. Of the funds used for the purchase, 61.5% of the amount raised came from the sale of the preferred stock SATA, while 56.7 million dollars was raised through the exercise of stock options, Cole said. In preliminary third-quarter figures, the company bought 8,137 BTC during the quarter at an average of 78,885 dollars, and as of September 30 it held nearly 285 million dollars in cash and cash equivalents. This holding ranks 5th globally, with a gap of 14,538 BTC from second-place Metaplanet and a gap of 818,538 BTC from first-place Strategy, and Stripe continues to buy Bitcoin every week.