Strategy has conditionally declared daily STRC dividends at a 12% rate for November, if common stockholders approve an amendment on October 28. Either way the November total is $1.00 a share, so the vote moves the payment calendar and nothing else.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 28%
- Investor
- Investor 67%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+12
- Incentives68
- Confidence74
Strive priced 7 million shares of 15% SATS preferred at $90 against a $100 stated amount, raising about $630 million at a 16.7% effective yield. Strive has described Bitcoin as its hurdle rate, so the coin has to beat that yield for the raise to pay.
Reality
- Evidence66
- Adoption
- Not scored
- Hype gap+20
- Incentives70
- Confidence75
Strategy and Strive's 197,000 BTC of 2026 additions exceed the net gain for all businesses
Strategy and Strive added 197,000 BTC in 2026, more than the 193,000 BTC net gain River reports for all businesses. Strive held 32,773 BTC on Oct. 9, so Strategy's share is at least 164,000 BTC, or 83%.
Reality
- Evidence68
- Adoption30
- Hype gap+8
- Incentives
- Not scored
- Confidence66
Coinbase, which says it custodies roughly 5% of all bitcoin, argues a new signature algorithm will not make the network quantum-resistant. Its list adds dormant coins, block space, MPC custody and full-node validation, and it wants work to start now.
Reality
- Evidence50
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence72
Strive is offering five million SATS preferred shares at $100 each, a $500 million raise with a fixed 15% dividend. CryptoSlate reported the model buys about 4,700 bitcoin while total preferred dividends could reach $257.4 million a year.
Reality
- Evidence62
- Adoption35
- Hype gap+30
- Incentives70
- Confidence66
Strive bought 2,822 bitcoin at about $83,266 each, lifting its treasury to 35,595 BTC, 18 more than MARA's 35,577. At $82,000 that margin is worth about $1.5 million, and Strategy still holds roughly 24 times as much.
Reality
- Evidence66
- Adoption
- Not scored
- Hype gap+22
- Incentives58
- Confidence68
Metaplanet's 52 billion yen convertible could issue about twice the shares it just bought back
Metaplanet spent about 19.31 billion yen on 73,981,400 of its own shares on October 14 while arranging a 52 billion yen convertible. Full conversion would issue about 153 million shares, roughly twice the count retired.
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap−10
- Incentives
- Not scored
- Confidence65
Strive added 3,311 BTC in a week to reach 32,773 BTC, CEO Matt Cole said on October 13. He also reported about $208 million of warrant exercises, or roughly 7.7 million shares at the $27 strike if that is cash.
Perspective Coverage
6 publishers
- Builder
- Builder 5%
- Operator
- Operator 23%
- Investor
- Investor 72%
Reality
- Evidence72
- Adoption34
- Hype gap+22
- Incentives58
- Confidence74
Saylor ties Strategy's next credit issuance to a bull market he says has begun
Strategy's Michael Saylor told Bloomberg on October 13 that the crypto bear market is over and bitcoin will return above $100,000. Bitcoin was near $83,000, and he expects Strategy to buy more and issue more credit to pay for it.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 23%
- Investor
- Investor 70%
Reality
- Evidence52
- Adoption
- Not scored
- Hype gap+35
- Incentives78
- Confidence66
BTSE's Jeff Mei says Bitcoin could fall below $80,000 on a hot CPI print Wednesday or rebound to $86,000 or higher on a soft one. ViaBTC's Jeff Ko calls the print largely priced in and says his constructive view needs spot ETF flows to recover.
Perspective Coverage
4 publishers
- Builder
- Builder 3%
- Operator
- Operator 20%
- Investor
- Investor 77%
Reality
- Evidence42
- Adoption
- Not scored
- Hype gap+18
- Incentives
- Not scored
- Confidence55
Strategy bought 250 bitcoin for $21.5 million to reach 848,250 BTC and spent $192.4 million repurchasing STRC preferred stock. The buyback is 3.5% of the $5.52 billion it held in dollar reserves and cash on October 11.
Perspective Coverage
8 publishers
- Builder
- Builder 7%
- Operator
- Operator 36%
- Investor
- Investor 57%
Reality
- Evidence84
- Adoption
- Not scored
- Hype gap+8
- Incentives60
- Confidence82
Bitmine bought another 12,532 ETH last week, lifting its holdings to 6,028,946 ETH, or 4.9% of supply. Chairman Tom Lee says purchases end at 5%, 76,000 to 100,000 ETH away, so the position is close to its final size.
Perspective Coverage
5 publishers
- Builder
- Builder 5%
- Operator
- Operator 16%
- Investor
- Investor 79%
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+30
- Incentives70
- Confidence72
Proving it would sell its Bitcoin cost Metaplanet about ¥11.57 billion
Metaplanet sold 10,000 Bitcoin and bought back 11,000 at a 9.3% higher price, paying about ¥11.57 billion extra on the coins it replaced. The sale was meant to show prospective lenders, as the company pursues a credit rating, that it will turn coins into cash.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+12
- Incentives68
- Confidence58
The company put $75.7 million into 950 coins last week and $174 million into discounted STRC shares, and the two programs are now drawing on cash balances that fell in the same filing.
Perspective Coverage
5 publishers
- Builder
- Builder 0%
- Operator
- Operator 21%
- Investor
- Investor 79%
Reality
- Evidence80
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence78
Strive's 1,800 coins and Strategy's 4,603 put balance-sheet demand back on the tape, though the pioneer still holds 2,313 fewer bitcoin than it did in June and the newer bid is funded by a preferred paying 13 percent.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 27%
- Investor
- Investor 68%
Reality
- Evidence70
- Adoption55
- Hype gap+20
- Incentives65
- Confidence70
Justin Sun says Tron is ready to bring quantum resistance to mainnet at any time, now that post-quantum signatures run on its Nile testnet. Mainnet still needs separate governance approval, Crypto Briefing reported, and the opt-in design reaches only holders who adopt it.
Reality
- Evidence55
- Adoption10
- Hype gap+35
- Incentives65
- Confidence55
Strive's SATA preferred raised an estimated $55M for bitcoin, almost all in two sessions above par
Strive's SATA preferred stock raised an estimated $55 million this week through its at-the-market program, enough for about 638 bitcoin. Nearly all of it came on the two days the shares held their $100 par, because issuance stops below that price.
Reality
- Evidence55
- Adoption40
- Hype gap+20
- Incentives45
- Confidence50
Strategy shares fall 1.7 times as far as Bitcoin after the 848,000 BTC filing
Strategy shares closed at $151.47 on October 8, about 11% below their weekly high, as Bitcoin fell 6.3% from its peak. The stock moved about 1.7 times as much as Bitcoin both that week and across September, short of the more-than-double swing The Crypto Times calls typical.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+20
- Incentives
- Not scored
- Confidence55
CleanSpark and MARA shares fell much further than bitcoin in the first days of October. Strategy and the iShares Bitcoin Trust each lost 1% on October 8 as CleanSpark lost 7%, 24/7 Wall St. reported, so the weak stand-ins for the coin are the miners.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+20
- Incentives35
- Confidence50
STRC's trading depth depends on a $100 price that Strategy's buybacks helped support
Strategy's own buybacks made up over 20% of weekly STRC trading in most of September, Keyrock found. For holders the larger exposure is the price, since Keyrock found STRC four to eight times less liquid once it drifts more than 1% from its $100 par.
Reality
- Evidence50
- Adoption55
- Hype gap+15
- Incentives65
- Confidence55
Earlier coverage
- Robinhood puts $25 million of company capital into bitcoin, about 0.025% of its market value
Invest · October 7, 2026 · Confirmed5 publishers
- Nine September days brought in half of Bitcoin ETFs' $6.34 billion third-quarter inflow
Invest · October 1, 2026 · Confirmed3 publishers
- Strategy asks only common shareholders to approve daily dividends on its STRC preferred
Invest · September 27, 2026 · Confirmed3 publishers
- Bitmine has staked ether equal to 4.15% of Ethereum's supply
Invest · October 5, 2026 · Confirmed4 publishers
- Strive buys 2,000 more bitcoin with its Sept. 30 stack about $117 million below cost
Invest · October 5, 2026 · Confirmed2 publishers
- Strategy puts six times as much cash into STRC buybacks as into bitcoin
Invest · October 5, 2026 · Confirmed6 publishers
- Metaplanet spends $73 million proving to creditors it will sell its bitcoin
Invest · October 5, 2026 · Confirmed6 publishers
- Strategy put more cash into preferred buybacks than Bitcoin in its latest disclosed week
Invest · October 4, 2026 · Confirmed2 publishers
- Evernorth takes a $1 billion XRP treasury to Nasdaq with about $300 million of it in cash
Invest · October 1, 2026 · Confirmed5 publishers
- MSCI's own simulation drops Strategy and Metaplanet as non-operating companies
Invest · September 30, 2026 · Confirmed2 publishers
- Bitcoin's two-week range pits $3 billion of ETF buying against the highest Treasury yields since 2007
Invest · September 30, 2026 · Confirmed2 publishers
- Strategy put more money into buying back STRC preferred than into bitcoin last week
Invest · September 28, 2026 · Confirmed3 publishers
- Strive's $81.5M Bitcoin buy grew the pile 5.5% and each share by 1.4%
Invest · August 24, 2026 · Confirmed4 publishers
- Strategy resumes buying on a cash pile equal to half its unrealised bitcoin gain
Invest · August 30, 2026 · Confirmed6 publishers
- Capital B bought 376 coins a quarter below its own average cost
Invest · September 7, 2026 · Confirmed2 publishers
- Strategy's $139 million preferred buyback captured about $2.7 million of discount to par
Invest · September 14, 2026 · Confirmed3 publishers
- Strive funds 469 bitcoin with preferred stock costing $11,170 per coin a year
Invest · September 14, 2026 · Confirmed3 publishers
- Four more weeks at this pace takes Bitmine to 5% of Ethereum's supply
Invest · September 21, 2026 · Confirmed3 publishers
- Bitcoin's squeeze high stopped $409 short of the average ETF buyer's cost
Invest · September 21, 2026 · Confirmed7 publishers