strategy

Bitcoin Treasuries posted on platform X that Mirae Asset Financial Group, with a scale of 1 trillion USD, has increased its holdings in Bitcoin reserve company Strategy (MSTR) by 24%, bringing the total number of shares to 168,634, valued at 21.8 million USD.Mirae Asset Financial Group is the largest asset management company in South Korea, and this time it has increased its Bitcoin exposure through the Bitcoin reserve company.

According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve the proposal for daily dividends on STRC preferred shares, with preliminary results showing that 99.3% of votes supported the proposal. STRC is expected to change from bi-monthly dividends to daily dividends starting November 1, with the first cash dividend to be credited on November 2; the other three preferred shares under Strategy, STRF, STRK, and STRD, are expected to follow suit in January 2027.This move by Strategy aims to reduce price volatility caused by ex-dividend dates. The company's CEO Phong Le stated that previously, when STRC paid monthly dividends, the average price dropped about 49 basis points around the ex-dividend date, which decreased to about 36 basis points after switching to bi-monthly dividends. The company expects that daily dividends will further disperse selling pressure and enhance price stability.This model is not unique to Strategy. Bitcoin treasury company Strive switched its SATA preferred shares to daily dividends in June this year and launched a subordinate preferred share SATS with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.

Bitcoin Treasury Company Strategy stated in its third-quarter earnings call that it plans to finance its continued acquisition of Bitcoin through the issuance of preferred stock. Executive Chairman Michael Saylor mentioned that the company could create up to $30 billion in digital credit using its existing balance sheet, without the need for additional issuance of common stock or relying on further increases in Bitcoin prices.Strategy's Chief Executive Officer Phong Le indicated that issuing digital credit will be the primary means of acquiring Bitcoin. If the company raises between $1 billion and $2 billion monthly through preferred stock like STRC, part of the funds will go into dollar reserves, while the remainder will be used to purchase Bitcoin. This move marks a shift in the company's financing method from convertible bonds and common stock sales to preferred stock.The earnings report showed that Strategy's net profit for the third quarter was $19.53 billion, primarily driven by an increase in the value of digital assets by $20.91 billion. As of October 25, the company held 848,517 Bitcoins, representing a year-to-date increase of 26%. Saylor emphasized that the $30 billion represents a potential limit, not an announced financing target.

Bitcoin Reserve Company Strategy announced its third-quarter performance, with operating profit reaching 20.9 billion dollars driven by the rise in Bitcoin prices.The company also disclosed that as of October 25, it has spent 2.04 billion dollars to repurchase STRC, with a total preferred stock dividend of 419.6 million dollars for the quarter.

Bitcoin News posted on the X platform stating that according to the Strategy document, the company holds 848,500 bitcoins, with an average purchase price of $75,446. Bitcoin is close to $80,300, approximately 6% higher than its average purchase price, corresponding to a paper profit of about $4 billion; Strategy has spent a total of $64 billion for this.As of that week, Strategy did not purchase bitcoins but instead spent $204.9 million to repurchase STRC preferred shares. The company's document estimates that bitcoin-related earnings for the third quarter will be $20.91 billion, with the bitcoin price around $83,500 on September 30. Strategy will announce its performance after the close of the U.S. stock market that day and will hold a webinar at 5 PM Eastern Time; Coinbase will also announce its performance after the close.

Analyst Darkfost pointed out that the price of Bitcoin has risen above the cost line of Strategy 2026, but the buying operations since 2025 are still at a loss. Strategy currently holds 848,517 Bitcoins, with an overall average cost of about $75,446. Bitcoin today has reached the cost line of Strategy 2026 at $78,900.If all purchases since 2025 are considered, along with the sales near this summer's low point, the comprehensive cost is still about $90,600, and the current price is still in a state of unrealized loss. After a pause of several weeks, Strategy has resumed buying, with no new additions last week. The company's 1-year return rate is about 27.6%, and the 10-year return rate is about 60.3%.

According to Bitcoin News, the UAE company Standard Asset Company (abbreviated as SAC) has established its headquarters in Abu Dhabi and announced a $1.5 billion investment strategy in Bitcoin and real estate.The company plans to acquire income-generating real estate in the UAE while establishing a Bitcoin reserve exclusively managed by Coinbase Asset Management. This strategy aims to generate income through real estate and obtain additional returns from the managed Bitcoin holdings.

Strategy founder and chairman Michael Saylor posted that MSTR shareholders have approved the daily dividend amendment, with preliminary results showing 99.3% voting in favor. This amendment allows the four preferred stocks STRF, STRC, STRK, and STRD to accrue dividends on a daily basis.After the new regulations are implemented, every calendar day will be a dividend record date, and dividends will be paid on the next business day. The first record date and payment date for STRC are November 1 and November 2, respectively. The first record date and payment date for STRF, STRK, and STRD are January 1 and January 4 of next year, respectively.

Bitget, in collaboration with Reality and Keyring, has released a research report exploring the synergy mechanisms of tokenized stocks, perpetual contracts, and decentralized lending, and evaluating the potential returns and risks of related strategies through simulation calculations. The report points out that the application of tokenized stocks is extending from traditional stock trading to more scenarios such as collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and on-chain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the annualized net return of the strategy index is approximately 7% and 4% for in-sample and out-of-sample, respectively, with a gross funding cost rate premium of about 11% to 14%. The report also notes that financing costs, transaction execution fees, market liquidity, and risk management are key factors affecting the actual returns of the strategy.It is reported that Bitget and Keyring plan to jointly develop a stock basis index and build an on-chain lending market based on Reality's rToken. Among them, Reality provides exposure to tokenized stock assets, while Keyring is responsible for developing the index methodology and constructing the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with corresponding stock perpetual contract hedging positions, providing new strategic pathways for the application of tokenized stocks in on-chain financial scenarios.

According to Bitcoin.com News, shareholders of the Bitcoin holding company Strategy will vote on October 28 to decide whether to adjust the terms of STRC, STRF, STRK, and STRD, allowing for the daily setting of dividend record dates. The proposal requires majority support from all issued common stock voting rights, with abstentions and broker non-votes counted as opposition; preferred shareholders do not have voting rights.Michael Saylor currently holds 32.9% of the total voting rights, and the proposal needs approximately 17 percentage points of support from other shareholders. If approved, STRC holders can receive daily dividends from November 1 to 30, totaling $1 per share, with an annualized rate of 12%; if not approved, daily dividends will not be implemented.Strategy will announce its third-quarter performance on October 29. As of October 25, the company holds 848,517 bitcoins and $5.1 billion in assets.

Michael Saylor posted on the X platform that Strategy has repurchased 205 million dollars of STRC.As of October 25, 2026, Strategy holds 848,500 BTC and 5.1 billion dollars in assets.

According to data from the Strategy official website, Strategy did not purchase Bitcoin last week, and the Bitcoin holdings remain at 848,517 coins.During the same period, the circulating face value of its STRC preferred stock decreased from approximately $8.598 billion to approximately $8.391 billion, a reduction of about $207 million; the annualized total preferred stock dividend decreased from approximately $1.534 billion to approximately $1.509 billion.

On October 25, according to official news, the ninth phase of the decentralized stablecoin USDD's collaboration with Binance Wallet for the Strategy event will go live on October 27 at 8:00 AM (Singapore time) and will last until December 16 at 07:59. This phase will offer a reward pool equivalent to a total of $700,000 in USDD. Users can participate by depositing at least 100 USDT in the Binance Wallet Strategy section and will automatically qualify for the reward distribution.It is reported that current participants do not need to take any additional actions to automatically join the ninth phase of the event. The entry point for the event is the Binance Wallet Strategy page. For more details, please visit: https://usdd.io.

Strategy, Strive, and other Bitcoin treasury companies support the purchase of 135,979 Bitcoins through preferred stock financing, accounting for over 0.5% of the maximum Bitcoin supply; the related preferred stock market size is approximately $12 billion. Perpetual preferred stock has no fixed maturity date, which can alleviate refinancing pressure and attract income-oriented investors who are unwilling to hold Bitcoin directly; however, an increase in issuance size will also raise dividend expenses.Continuous financing for Bitcoin purchases relies on preferred stock trading at or near par value. If the price falls below par, the attractiveness of new issuances may decline, and the company may also turn to buybacks. CoinShares Research Director James Butterfill stated that Strategy's latest weekly report shows the company spent $193 million to repurchase STRC, while simultaneously buying 267 Bitcoins and increasing the preferred stock buyback authorization limit to $3 billion. Buybacks can reduce future dividend costs but may also compete for funds with Bitcoin purchases.Bitwise Research Director Ryan Rasmussen expects that ETFs will remain a larger source of Bitcoin demand in the long term, while perpetual preferred stock covers different groups of income-oriented investors, providing another source of demand support for the market. Butterfill believes that preferred stock may amplify market cycles: when financing conditions are favorable, it supports Bitcoin purchases, but when market sentiment weakens, this support may diminish.

The hedge fund Bridgewater's China business department informed investors that the institution's bullish stance on gold has decreased and that it holds a cautiously optimistic view on the domestic Chinese stock market. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight position in gold.Bridgewater China noted that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. The institution also expressed optimism about Chinese assets, believing that the current stock market valuation is not high, the policy direction is favorable for long-term capital formation, and that there may be more funds flowing into the stock market in the future against a backdrop of lower bond yields.

Bitcoin News posted on platform X that Strategy spent $22.1 million to purchase Bitcoin last week and spent $193.1 million to repurchase its own STRC preferred shares.From October 12 to 18, Strategy added 267 Bitcoins, with an average purchase price of $82,900; this round of funding came from the sale of 140,872 common shares, increasing its Bitcoin holdings to 848,517 coins. The Strategy board also raised the authorized amount for digital credit repurchases from $2 billion to $3 billion.