
Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.
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The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.

"The structural dynamics of the CLARITY Act favor ETH for sharper upside potential," Google's Gemini stated.

Strategy's focus on STRC buyback over Bitcoin suggests a strategic shift, potentially boosting market confidence in STRC's future performance. Strategy buys back $139M of STRC, Bitcoin holdings unchanged.

The divergence in account abstraction standards may foster innovation but complicates development, impacting wallet design and cross-chain interoperability. Base and Ethereum collaboration on account abstraction breaks down, leaving two competing standards.

Strive has purchased 469 Bitcoin for about $36.6 million, raising its corporate treasury to exactly 25,000 BTC as of Sep. 11. According to Strive's Form 8-K filing with the U.S.

XRP rose 3.7% on the day and trades at $1.39, while its trading volume surged 153% to $2.7 billion. Analyst Ali Martinez notes that a sustained close above $1.38 would confirm the descending triangle breakout and open the path toward $1.60. Futures volume grew 93.

Tokenization's rise could redefine asset management, enhancing efficiency, transparency, and global competitiveness in financial markets. Plume Network general counsel outlines tokenization's benefits in Bitcoin Suisse wealth report.

The latest acquisition marks a slowdown from the prior week, when Strive purchased 1,375 BTC for approximately $109 million.

Bitmine expanded its Ethereum position by 27,180 tokens over the previous week, representing a market value of approximately $68 million based on Monday's ETH trading price just north of $2,500.
Bitmine Immersion Technologies (NYSE:BMNR) bought 27,180 Ethereum (CRYPTO: ETH) last week as Chairman Tom Lee flagged a new ETH/BTC uptrend breaking out for the first time since the COVID highs. What the Latest Purchase Shows According to the press release, Bitmine now holds 5.96 million ETH at current prices worth roughly $14.97 billion, representing 4.9% of Ethereum's 122 million token supply and putting the company 98% of the way to its 5% target.

Strategy has now gone three straight weeks since its last Bitcoin purchase, per the company's 8-K filing. Instead, the bought $139.3 million of its own STRC preferred stock, per the document sent to the SEC on September 14, covering the week before.

The Solana treasury company established a $300 million at-the-market offering for its CHAD perpetual preferred stock.

Bitcoin's derivatives market is doing something it has not done in a year. Derive data and Reuters reports that traders are paying more for upside than downside protection, even with bitcoin still nearly $50,000 below its October 2025 peak. Futures open interest sits at a hefty $52.64 billion, calls command 61.

Lubin's insights may boost institutional confidence in Ethereum, potentially influencing its market dynamics and adoption in financial sectors. Joseph Lubin to discuss institutional Ethereum staking at Lido Poolside call.

Strive acquired 1,375 bitcoin for approximately $109 million between August 31 and September 4, at an average price of $79,281 per unit, bringing its total holdings to 24,531 BTC. The transaction was reported in a filing with the U.S.