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Crypto

Strategy buys 1,665 bitcoins, taking holdings to 847,666 BTC

Strategy bought 1,665 more bitcoins last week, lifting total holdings to 847,666 BTC. The purchase was worth $142.7 million, Cointelegraph reported. In an 8-K filing to the U.S. Securities and Exchange Commission, the company said it bought the bitcoins at an average $85,681 each. Cumulative bitcoin purchases rose to $63.95 billion including fees and expenses, with an overall average cost of $75,437 per bitcoin.

Crypto

Strategy pushes daily dividends for four preferred stocks including STRC

Bitcoin-holding company Strategy is seeking to change the dividend system for four U.S.-listed preferred stocks, including STRC, to a daily basis. The plan does not increase dividend rates or total payouts, but breaks the record date into daily increments to accelerate payments. The board approved the proposal and shareholders will vote on it on Oct. 28. If approved, all calendar days become record dates, with payment on the next business day.

Crypto

Bitcoin edges lower as odds of October Fed rate hike jump to 75 percent

Bitcoin slips back to around $84,490 as markets factor in a greater chance of additional U.S. Federal Reserve rate hikes amid rising inflation concerns. CME FedWatch puts the probability of an October rate increase at about 75 percent and December at about 59 percent. The Fed raised its benchmark rate by 0.25 percentage point on Sept. 16 to a 3.75 to 4 percent target range. Most major cryptocurrencies move lower or flat, while derivatives liquidations total $348.33 million.