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MicroStrategy Expands Crypto Strategy with $635 Million Preferred Stock Buybacks

MicroStrategy has allocated $635 million to buy back its preferred stock, signaling a major strategic maneuver in its corporate finance structure. The multi-million dollar repurchase program aligns with the firm’s broader focus on optimizing capital allocation while managing equity dilution. Market participants continue to monitor how these large-scale balance sheet maneuvers impact MicroStrategy’s ongoing bitcoin accumulation...

Breaking, Cryptocurrencies, News

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Robinhood Chain Hits $11.48M in Cumulative Fee Revenue, Annualizing at $60M Run Rate

Robinhood Chain has accumulated $11.48 million in fee revenue just two months after its official launch. The network is currently annualizing at a robust $60 million run rate, signaling strong early adoption and user engagement. More than $1 million of the generated revenue flows directly back into the Arbitrum ecosystem, highlighting mutual business benefits. Robinhood’s native layer-2 scaling network has quickly emerged as a major player...

Breaking, Cryptocurrencies, News

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Strategy Buys $370 Million of Bitcoin After Two-Month Pause, Treasury Hits 845,050 BTC

Strategy purchased 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318. Total holdings rose to 845,050 BTC, acquired for $63.73 billion at an average cost of $75,412 per coin. The buy was funded by $602.8 million in at-the-market sales of MSTR common stock. The company also spent $151.8 million repurchasing STRC preferred shares and reported 0.0% net leverage. The purchase is Strategy’s first...

Bitcoin, Cryptocurrencies, News, TradFi

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Tom Lee-Associated Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

Bitmine Immersion Technologies acquired 33,546 ETH valued at approximately $131 million, according to data highlighted in a CoinDesk report. The transaction represents the firm’s single largest Ethereum acquisition since June, further expanding its digital asset treasury. The aggressive accumulation strategy comes as institutional appetite for smart contract platforms continues to show resilience. Bitmine Immersion Technologies, a firm...

Breaking, Cryptocurrencies, News

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MicroStrategy Resumes Bitcoin Purchases With $370 Million Acquisition

MicroStrategy acquired approximately $370 million worth of Bitcoin, returning to the market for the first time since June. The latest purchase was confirmed via an official announcement by executive chairman Michael Saylor on X. The company continues to solidify its position as the largest corporate holder of the leading cryptocurrency. MicroStrategy is back on the acquisition trail, breaking a months-long buying pause by scooping up $370...

Breaking, Cryptocurrencies, News

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