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Technique Buys $82M in Bitcoin however Spends $188M on Most well-liked Share Buybacks
Strategy’s Bitcoin purchase came alongside $188M of STRC repurchases. We examine the financing choices, cash reserves and implications for MSTR holders. Strategy’s Bitcoin purchase came with a bigger transaction hiding in plain sight. Michael Saylor’s company bought about $82 million of BTC last week while spending approximately $188 million repurchasing its STRC preferred shares. The…
Bybit Says $17.3B Proof of Reserves Covers 50 Property, however the Audit Has Limits
TL;DR: Bybit says the latest snapshot of its proof-of-reserves system covered $17.3 billion in customer assets across 50 cryptocurrencies. The exchange's November 3 announcement describes its 41st report, with figures independently checked by security firm Hacken against an October 27 snapshot. Bybit says the latest snapshot of its proof-of-reserves system covered $17.3 billion in customer…
Re Protocol Tops $400M in Deposits as Onchain Reinsurance Yield Attracts Capital
TL;DR: Re Protocol says deposits across its reUSD and reUSDe products have exceeded $400 million, putting a relatively unfamiliar type of real-world asset exposure into the spotlight: insurance and reinsurance. Its November 4 announcement says the latest $100 million arrived in 40 days, about 80% faster than the previous comparable step. Re Protocol says deposits…
American Bitcoin Says Q3 Internet Revenue Reached $126M as BTC Reserve Grew
TL;DR: American Bitcoin reported approximately $126 million in third-quarter net income and said its Bitcoin reserve increased through mining rather than new spot purchases during the period. The November 4 release also cites about $221 million in adjusted EBITDA and an approximately 5% increase in satoshis per share. American Bitcoin reported approximately $126 million in…
Nvidia Shares Slide as Jensen Huang Probe Places the AI Commerce on Edge
Nvidia shares fell as the Jensen Huang investigation raised governance questions. What the board has said, what remains unproven and what comes next. Nvidia shares fell more than 4% on Monday as the Jensen Huang investigation gave investors a company-specific problem during a wider rebound in AI stocks. The question is no longer simply what…