Digital credit is an emerging asset class that transforms corporate Bitcoin balance sheets into income producing securities. Strategy pioneered the market with five perpetual preferred equity instruments: STRK, STRF, STRD, STRC, and STRE (the first four are listed in the U.S.). Strive subsequently introduced SATA and SATS, bringing the category to six U.S. instruments across two issuers.

These securities offer investors preferred equity (read: credit-like) exposure to companies whose balance sheets are dominated by Bitcoin. Their perpetual structure means investors principally rely on recurring dividends and the continued financial strength of the issuer. Unlike term debt, there is…

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The DOJ said Thursday it has court authority to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance, part of a freeze of more than $2.7 billion that officials said halted about half of North Korea’s October exchange heist.

In a Thursday announcement, the department said that on or about Oct. 29, members of the North Korean military, referred to by the FBI as TraderTraitor, stole more than $6 billion worth of virtual assets from Binance. That is below the $6.34 billion figure Binance has covered since the attack.

Binance said it had completed coverage of the assets hit in the breach, replacing the tokens from company funds rather than by recovering…

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Bitcoin price traded near $71,200 on Thursday evening, after slipping to a fresh session low near $71,000, according to Bitcoin Magazine Pro data. U.S. stocks closed modestly lower and the 10-year Treasury yield held above 5% after Nvidia said CEO Jensen Huang had resigned.

The decline started in the morning. Bitcoin price fell below $72,000 before the opening bell and dropped to about $71,150 shortly after 10 a.m. Eastern. A bounce later faded, and the bitcoin price printed a new session low near $71,000 around 6:23 p.m., its weakest level since Aug. 20. It now stands roughly $30,400 below where it closed one year ago.

Stocks close lower as yields keep pressure on the bitcoin… Read more on BitcoinMagazine

Jane Street Group raised its Strategy (MSTR) stake 53.8% in the third quarter, to 4,119,097 shares, a Form 13F filed Thursday shows, a position dated to Sept. 30 that does not capture any trades the firm may have made since then.

Those caveats matter as much as the increase. Jane Street is a trading firm, and one of the largest market makers in stocks, ETFs, and options, and the same filing lists call options covering 13,573,000 Strategy shares and put options covering 13,991,800 shares, each more than three times the size of the common stake. Some of that stock is likely a hedge for the options and market-making book rather than a straight bet on the company. The 13F does not say…

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The Justice Department and Europol said Thursday that Operation TorNado has produced 354 arrests and the seizure of more than $234 million in cash and virtual currencies, in what the FBI called the largest takedown yet of dark web drug vendors and buyers.

The announcement came from the department’s Joint Criminal Opioid and Darknet Enforcement team, or JCODE, an FBI-led group created in 2018. Officials said Operation TorNado is the sixth, and most extensive, internationally coordinated action since then, and that it builds on last year’s Operation RapTor. The sweep ran from May 2025 to October 2026.

Europol, which coordinated work with agencies in 14 countries, published a…

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Binance said Thursday it has completed coverage of the $6.34 billion Oct. 29 hack from company funds, two weeks after the largest crypto theft on record, even as withdrawals continue to reopen in phases.

In a Thursday announcement, the exchange wrote that it “has completed coverage of assets impacted in the security incident” and published a new proof-of-reserves snapshot. It repeated the same message on X.

That wording matters. Coverage means Binance has replaced the affected tokens from its own books, not that it has recovered the stolen coins from the attackers. The exchange said it committed more than $6.34 billion in company funds and bought the affected tokens through…

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Israel Discount Bank said Wednesday that from Nov. 26 it will let eligible customers buy, hold and sell bitcoin and ether in the bank’s mobile app, a launch that would beat larger rival Bank Leumi if it stays on schedule.

The Tel Aviv-listed lender described the service as a first for Israel’s banking system in a Nov. 11 statement. Customers will be able to trade the two assets alongside stocks and bonds, without opening an account at an outside exchange or managing a separate digital wallet.

The offer is limited to private, not corporate, customers who are Israeli residents, 18 or older, and whose accounts are already set up for securities trading, subject to the bank’s…

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JPMorgan Chase raised its Strategy (MSTR) stake 36% in the third quarter, a Form 13F filed Thursday shows, lifting the position to 848,932 shares worth $131.3 million at Sept. 30, weeks before an MSCI index exit.

That is up 224,545 shares from the 624,387 JPMorgan reported at June 30, when the same holding was valued at $57.87 million. Part of the dollar jump is the stock. Strategy’s implied price on the two filings rose from $92.68 at June 30 to $154.67 at Sept. 30, so the disclosed stake more than doubled in value even though the share count rose 36%.

The same filing shows a much larger bitcoin ETF line. JPMorgan held 11,408,930 shares of BlackRock’s iShares Bitcoin Trust…

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Gemini Space Station has sold its already shuttered U.K. and European operations to Singapore stablecoin payments firm KAST for less than $10 million, according to CoinDesk reporting, as the exchange prepares to report third-quarter results after Thursday’s close.

Gemini declined to comment. A spokesperson for KAST would not discuss the transaction, but said the company is actively looking at acquisitions as its revenue and footprint grow. Neither firm has issued a public confirmation of a sale, and no regulator has announced a change-of-control approval.

The disposal, if confirmed, would close a retreat Gemini laid out in February. On Feb. 4, the Nasdaq-listed company, known…

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Bank of New York Mellon (BNY) raised its stake in Strive (ASST) by 28% in the third quarter, a Form 13F filed Nov. 5 shows, lifting the position to 237,100 shares worth $6.97 million at Sept. 30 prices.

That is up 51,544 shares from the 185,556 BNY reported at June 30, when the same holding was valued at about $2.02 million. Most of the dollar jump is the stock. ASST’s implied price on the two filings rose from $10.91 at June 30 to $29.41 at Sept. 30, so the disclosed stake more than tripled in value even though the share count rose 28%.

A 13F is a snapshot, not a trading diary. BNY filed a combination report that folds in holdings across its group, so the Strive line can…

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