Strategy posted the largest operating income in its history on Thursday, booking $20.91 billion for the third quarter of 2026. Most of that total came from a paper gain on the company’s bitcoin stack. 

Net income reached $19.53 billion, or $44.75 per diluted share, up from $2.79 billion a year earlier. 

Chief Financial Officer Andrew Kang, who announced his departure in the same release, framed the result plainly: “Q3 operating income of $21 billion was the largest ever in Strategy’s history.”

Strategy marks its bitcoin to market each quarter, so every price move flows into earnings. Bitcoin rallied during the period. The company’s 848,517 bitcoin were worth $68.9…

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Bitcoin dropped below $79,000 on Thursday as reports of a suspected multibillion-dollar hack at Binance, the world’s largest crypto exchange, rippled through markets. 

The selloff followed reports of heavy outflows from Binance-linked wallets. Some social media reports cited suspicious outflows of up to $5.8 billion, citing onchain data that shows about $3.55 billion in incoming transfers to an unlabeled wallet. 

Conor Grogan, a senior director at Coinbase, put the figure at $5.8 billion.

Stablecoin issuers moved to freeze funds. Tether CEO Paolo Ardoino said the company froze more than 1.567 billion USDT. Circle froze about $823 million in USDC, according to former…

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A miner operating through FutureBit’s Apollo Solo setup found Bitcoin block 973,262 earlier this week, collecting the full reward of 3.154 BTC plus fees from 2,477 transactions. Multiple explorers, including mempool.space, list the finder as “FutureBit Apollo Solo,” and the coinbase transaction includes text referencing FutureBit and Apollo.

FutureBit posted about the find on X: “Gradually, then suddenly. We (the people) hit a Bitcoin block today. Bitcoin belongs in the hands of sovereign individuals. And we’re building to keep it there.” The company stated that an Apollo device or Solo Node running its built-in solo pool assembled the block template, served the work,…

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Two Nasdaq-listed funds route dividends from large U.S. companies into a bitcoin sleeve that grows with every payment.

Franklin Templeton has officially launched two exchange-traded funds that convert stock dividends into bitcoin. The Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT) will trade on Nasdaq. 

The launch completes the last regulatory step after Franklin filed registration papers with the Securities and Exchange Commission on October 22. The filings for both funds arrived in June without tickers or fees. Four months after that filing, the details are in. 

How the funds work

FBEQ tracks the…

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The National Association of Securities Market Participants, known as NAUFOR, has won self-regulatory organization status for digital depositories and crypto exchanges. The Central Bank of Russia made the decision on October 29, according to Interfax.

The move turns a law into a working system. Russia’s framework, “On Digital Currency and Digital Rights,” passed the State Duma in July. It requires exchange operators and depositories to sit in central bank registries, and it requires them to join an SRO. 

Interfax reports that the registry lists 23 crypto exchanges and eight digital depositories, including VTB, Sberbank, and units of T-Technologies, the holding company…

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The U.S. Treasury Department on Tuesday sanctioned ten individuals and one company, accusing them of helping North Korea collect wages from foreign employers, many of them American, through fake identities and forged paperwork.

The workers are typically placed at legitimate firms under invented personas, sometimes with AI-generated resumes, doctored photos, or deepfake video during interviews. 

Most of their pay goes back to the regime, which Treasury says uses the money to fund its weapons of mass destruction and ballistic missile programs. Some of these workers have also gained access to corporate networks, where they have planted malware and taken proprietary data.

The… Read more on BitcoinMagazine

Justin Sun’s HTX has agreed to leave the United Kingdom, closing the Financial Conduct Authority’s first enforcement case against a crypto firm over financial promotions. The regulator announced the settlement today, ending a High Court action that began in October 2025, according to Financial Times reporting. 

Under the court undertakings, Huobi Global S.A., the Panama-registered company behind the HTX brand, has promised not to communicate financial promotions that breach UK law across its website, apps and social media channels. 

The FCA says the exchange is no longer active in Britain. UK customers cannot deposit funds, and new users cannot register. Existing customers…

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Bitcoin per share is one of the most important metrics for evaluating a Bitcoin treasury company. It measures how much bitcoin is attributable to each common share. However, there are several ways to calculate this figure, and each method provides different information about the economics of owning the common stock.

Understanding these differences is essential for evaluating a company’s capital structure, measuring accretion, and determining the value attributable to common shareholders.

Raw Bitcoin Per Share

The simplest metric is raw Bitcoin Per Share (BPS).

BPS = Total Bitcoin Holdings / Common Shares Outstanding

This calculation divides the company’s bitcoin holdings by its…

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A mosaic is an artwork assembled from fragments. From ancient Roman floors to Byzantine churches, artists have used pieces of stone, glass, and ceramic to construct images that have endured for centuries.

For the generative artist known as BitArt, those fragments are satoshis (or sats), the smallest units of bitcoin.

In Mosaic, a continuously evolving artwork developed through the Bitcoin Art Society (BAS), the numerical properties of satoshis are translated into color and spatial coordinates. Each contribution adds to an expanding composition of pixels resembling digital textiles, early computer graphics, or abstract paintings.

Rather than illustrating bitcoin through…

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Senator Bill Hagerty says the only answer some in Congress have is a central bank digital currency, and that’s “absolutely not consistent with freedom and liberty.” In this in-studio interview, he explains how uncertainty let former SEC chair Gary Gensler attack the industry, why a light government touch helps innovation thrive, and what Congress can realistically get done before the new session in January.

Chapters:00:00 Senator Bill Hagerty on What’s Next for the Clarity Act01:38 Democrats, Ethics Provisions and the Stablecoin Rewards Debate03:04 How the SEC and CFTC Are Regulating Crypto Without Congress04:43 How the GENIUS Act Will Change Payments and Settlement07:08…

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