Bitcoin price traded around $93,000 on Monday after Strategy disclosed it acquired 8,178 BTC for approximately $835.6 million over the past week, its largest buy since mid-summer.

According to an SEC filing and a Michael Saylor post on X, the purchases were made at an average price of $102,171 per bitcoin. The company now holds 649,870 BTC acquired for roughly $48.37 billion at an average cost of $74,433 per coin. Strategy said its bitcoin yield has reached 27.8% year-to-date.

At the time of the announcement, Bitcoin was trading near $94,000 and Strategy’s stock ($MSTR) was trading down 2% at $195.86 in premarket trading. 

The acquisition was funded primarily through…

Read more on BitcoinMagazine

Michael Saylor’s company Strategy (MSTR) has shocked crypto markets with a major return to large-scale bitcoin accumulation. The firm purchased 8,178 BTC last week for $835.6 million, paying an average of $102,171 per coin. This marks the company’s biggest buy in months after a long stretch of smaller, incremental additions.
Most of the purchase was powered by Strategy’s newly issued preferred offering, STRE, known as Steam, which drew strong interest from European investors and raised roughly $715 million earlier this month. An additional $131.4 million came from its STRC, or Stretch, preferred series, according to a Monday filing.
Strategy now holds 649,870 BTC worth $48.37 billion at an average cost of $74,433 each. The company had avoided large common-share offerings recently due to a steep 56% drop in its stock price over the past four months. This latest move signals renewed confidence from Saylor’s team and brings fresh momentum to the pro-crypto narrative.

When it comes to pensions and retirement, we have a clear pensions adequacy issue in much of the world given that the population is living longer and many individuals have inadequate savings for a comfortable retirement. Bitcoin fixes this – in part – by offering a form of savings which can’t be debased and should hold its value into the long term. Lowering our collective time preference as a society also wouldn’t hurt, as we’d prioritise our later years more than we do so at present.

It’s sometimes remarked though that Bitcoin doesn’t solve all the problems in the world, only half of them, and there is one huge aspect Bitcoin cannot help with in terms of retirement…

Read more on BitcoinMagazine

Harvard University is making headlines after dramatically boosting its Bitcoin exposure through spot ETFs, signaling growing confidence in digital assets. New SEC filings show the university now holds over 6.8 million shares of BlackRock’s IBIT, worth about $442.8 million, marking a sharp 257% jump from the previous quarter. The move positions Harvard among the largest institutional holders of Bitcoin ETFs and reflects a strong vote of confidence in crypto’s long-term potential.

Harvard also expanded its alternative-asset strategy by nearly doubling its gold holdings through the GLD ETF, now valued at $235 million. Market analysts see these parallel investments as a strategic hedge amid ongoing monetary policy uncertainty. The shift is especially notable for an endowment long known for its conservative approach and carries weight due to Harvard’s global influence in institutional finance.

Bitcoin ETFs continue to attract massive inflows, with BlackRock’s IBIT leading the sector and surpassing $19.4 billion in assets. Other institutions, including Brown University, are following suit, underscoring accelerating adoption of crypto across traditional finance.

SEC Filings

Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month. 

By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October’s $126,296 all-time high, according to Bitcoin Magazine Pro data.

At the time of writing, the bitcoin price is at $94,850 but it bounced off of levels at $94,000.

The drop caps off a chaotic week across global markets, where risk assets, from tech giants to crypto stocks, have tumbled amid collapsing expectations for a Federal…

Read more on BitcoinMagazine

American Bitcoin (NASDAQ: ABTC), the cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., reported a strong third quarter.

American Bitcoin posted revenue of $64.2 million, a 453% year-over-year increase, while net income soared to $3.47 million, reversing a $576,000 loss in the same period last year. 

The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations. 

During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3 joules per terahash… Read more on BitcoinMagazine

Amid a wave of panic in crypto markets, rumors surfaced Friday that Strategy (MSTR) was selling its bitcoin holdings as both BTC and MSTR stock tumbled. 

Executive Chairman Michael Saylor quickly dismissed the chatter, telling CNBC, “We are buying bitcoin,” and promising that the company’s next purchases will be reported Monday. He added that Strategy is “accelerating [its] purchases” and suggested investors could be “pleasantly surprised” by recent activity.

The rumors stemmed from on-chain movements showing BTC leaving company-controlled wallets, coinciding with a brief drop in bitcoin below $95,000, its lowest level in roughly six months. 

Saylor, however,…

Read more on BitcoinMagazine