The full analyst Q&A from Strategy’s (MSTR) Q3 2026 earnings call. Phong Le and Michael Saylor take questions from BTIG’s Andrew Harte, Treasury’s Khing Oei, Galaxy’s Alex Thorn, Citi’s Pete Christiansen and Scott Melker on digital credit, Stretch (STRC) returning to par, the other preferreds, Bitcoin’s financialization and tokenization.

Chapters:00:00 Strategy’s Balance Sheet vs. the Last Bull Market02:38 You Need a Lot of Capital to Create a Lot of Credit04:30 When Does Strategy Turn the Equity ATM Back On?06:06 Why STRC Took Four Months to Return to Par08:24 What Happens to STRD, STRK and STRE?10:44 Why the Euro-Listed STRE Is a Challenge12:51 Is Strategy…

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The biggest crypto-related hack in history by dollar volume just hit Binance, with more than $6.3 billion in affected assets moving on-chain. About $3 billion was frozen through stablecoin operators, but $3.3 billion has not been recovered. Bitcoin Magazine TV breaks down what happened, what Binance has said, and why every day now feels like zero day for crypto security.

Chapters:00:00 Binance Sees $6.3 Billion Move On-Chain in Record Hack00:15 Binance Freezes $3 Billion as $3.3 Billion Stays Missing00:45 Polymarket Hack Drains $2.7 Million From User Wallets01:13 Why Every Day Is Zero Day for Crypto Security02:45 What the Multi-Chain Hit Reveals About Binance Custody03:21 TRM Labs…

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Bitcoin Magazine

Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run

Mike Flaum, CEO of Log Scale Investments, joins Bitcoin Magazine TV to talk Strategy’s Stretch, daily dividends, Strive’s SATS, Bitcoin-backed preferreds vs. Treasury bonds for retirees, mNAV and the four-year cycle. He explains why he separates risk from volatility and why he’s bullish long term.

Chapters:00:00 Mike Flaum on Strategy and Bitcoin Treasury Companies00:15 What Stretch Getting Back to Par Means for Strategy01:18 How Issuing Stretch at $100 Restarts Bitcoin Buying02:33 Strategy Shareholders Approve Daily Dividends03:34 Why Daily Dividends Work Like Bitcoin Perpetual…

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Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according to company filings. Subscription and services revenue did better, reaching $570 million. The company is still heavily tied to trading activity, but its recurring income is growing.

Monthly Transacting Users fell to 7.4 million, down from 9.3 million a year earlier. During its earnings call, Coinbase blamed overall market conditions. Its share of crypto trading volume did rise to 10.7%, the fourth straight quarter of gains, which suggests it is winning business even as the broader market quiets. 

Adjusted EBITDA was $332.9 million, extending a run of 15 straight…

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The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated companies with running a crypto investment fraud that used false federal filings to raise more than $130 million from tens of thousands of retail investors.

The defendants are BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. A complaint filed in the U.S. District Court for the Northern District of California alleges that from at least October 2025 through June 2026, the companies induced investors in more than 40 states and several U.S. territories to join a “wealth-sharing program.” 

Participants were promised risk-free returns generated by so-called signals for crypto asset… Read more on BitcoinMagazine

Blockchain analysis firms Chainalysis and TRM Labs have linked the $6.3 billion Binance hack yesterday to TraderTraitor, a unit associated with North Korea. If confirmed at this scale, the theft would be the largest crypto hack on record. 

Chainalysis puts the total at $6.4 billion in its own assessment. Chainalysis says funds began leaving Binance hot wallets across multiple blockchains around 4:20 p.m. Eastern Time on October 29. 

The firm said the attacker used an operational wallet funded through Tornado Cash to submit signed authorizations that allowed a Binance hot wallet to run attacker-deployed code. 

The attacker then swept assets into addresses under its control….

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Bitcoin has matured out of the bear market. So what’s next? Tyler Evans breaks down the Fed, the bond market, JPMorgan naming Bitcoin its best-performing asset class, ETF flows flipping to strong accumulation, and why the U.S. midterms could be pivotal heading into 2027. At the end of the day, he says, Bitcoin will just do its thing.

Chapters:00:00 Tyler Evans Joins Bitcoin Magazine TV00:11 Is Bitcoin’s Pause Before the Next Move Up?01:25 The Fed, Kevin Warsh and the Bond Market03:20 Institutions Buy as Bitcoin Flows Into the U.S.04:43 Bitcoin vs. the AI Trade06:09 VanEck’s All-in-One ETF and Bitcoin’s Allocation Problem07:55 AI Agents and Bitcoin09:01 Making Bitcoin as…

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What happens to reserve assets when you’re not allowed to sell them? Doomberg argues that U.S. pressure on allies to hold their Treasuries changes the math for central banks, and that in a crisis “you sell what you can sell, not what you want to sell.” That explains gold’s short-term weakness since February 28th, but in the long run he sees it as wildly bullish for gold and Bitcoin as neutral reserve assets. He also shares why younger, hyper-online generations are more likely to choose Bitcoin.

Chapters:00:00 Doomberg on the Fed, Kevin Warsh and the Midterm Elections01:21 Will Trump Restart the War in Iran After the Midterms?03:11 Houthi Refinery Strikes, $110 Brent and…

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Galaxy’s new research note opens with a blunt call: “We believe the bottom is in.” Alex Thorn breaks down the evidence, starting with the fact that regaining the 50-week moving average after 20+ weeks below it has never been followed by a new low. He explains why Bitcoin’s resilience around $80K matters and why he thinks it’s contrarian to say long Bitcoin right now.

Chapters:00:00 Bitcoin at $81K After the Fed: Is the Bottom In?00:38 Galaxy’s 50-Week Moving Average Signal02:10 Bitcoin’s Resilience Around $80K Amid AI Fears02:54 Light Positioning: “The Crowd Is Not Here”04:17 13F Filings: Hedge Funds Out, Sovereigns and Wealth Managers In06:15 Tokenization…

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Bitcoin traded in the $76,300 range on Thursday as Binance confirmed a security breach that the exchange estimates at $6.3 billion in total impact. The figure would place the incident among the largest cryptocurrency thefts on record. 

Earlier in the session, bitcoin reached a 24-hour high of $81,890 before the selloff, as millions in leveraged long positions were liquidated.

In a post on X, the exchange said its initial investigation suggests the incident may involve a compromised DevOps engineer’s laptop. The attacker reportedly gained access to a service container and submitted unauthorized withdrawal transactions. The exchange said it has found no evidence of a wallet…

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