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Strategy halts Bitcoin buys, invests $176M in preferred stock; Strive adds $109M in Bitcoin, doubling buyback plan.

Market News
08 Sep 2026
Coinpaper
View Source
Neutral
Strategy halts Bitcoin buys, invests $176M in preferred stock; Strive adds $109M in Bitcoin, doubling buyback plan.

Michael Saylor's Strategy did not buy or sell any Bitcoin from Aug. 31 to Sept. 7 but repurchased $176.3 million in preferred stock and doubled its buyback program to $2 billion. Meanwhile, Strive bought 1,375 BTC for about $109 million, increasing its Bitcoin holdings to 24,531 BTC. This shows a clear difference in capital allocation: Strategy focuses on managing its securities and treasury, while Strive continues expanding its Bitcoin reserves. Bitcoin prices fell below Strive's latest purchase price, reflecting cautious investor sentiment ahead of the Federal Reserve's upcoming decision.

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SkyAI launches $201M tender offer at $3 per share, rejecting Forward Industries' undervalued bid

SkyAI launches $201M tender offer at $3 per share, rejecting Forward Industries' undervalued bid

SkyAI, Inc. announced a cash tender offer to buy up to 95% of its common stock and warrants at $3.00 per share, representing a 65% premium over its recent closing price. The offer, expected to start around October 15, 2026, aims to provide liquidity ...

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U.S. spot Ether ETFs saw $542M outflows last week, led by Blackrock's ETHA with $477M withdrawals.

U.S. spot Ether ETFs saw $542M outflows last week, led by Blackrock's ETHA with $477M withdrawals.

U.S. spot Ether ETFs experienced significant net outflows totaling $542 million last week, primarily driven by Blackrock's ETHA fund, which alone saw $477 million withdrawn. Grayscale's ETHE also faced notable outflows of nearly $32 million. Despite ...

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Wormhole token surges 66%, large trader profits $937K on leveraged long position

Wormhole token surges 66%, large trader profits $937K on leveraged long position

A large trader held a leveraged long position in Wormhole (W) tokens worth about $1.86 million after the token's price jumped 66.3% in 24 hours. The trader initially invested around $201,300 on Sept. 29 and added more tokens on Oct. 10, holding 63.41...

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Pendle Finance's real-world asset value locked tops $1B, expanding with new markets and partnerships.

Pendle Finance's real-world asset value locked tops $1B, expanding with new markets and partnerships.

Pendle Finance has surpassed $1 billion in total value locked (TVL) in real-world assets (RWAs), reflecting growing interest in tokenized physical assets. This year, Pendle launched 94 RWA markets, including products linked to Treasury bill dollars a...

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Solana spot ETFs saw $24.81M net outflows in early October, reversing recent inflows.

Solana spot ETFs saw $24.81M net outflows in early October, reversing recent inflows.

Solana (SOL) spot exchange-traded funds experienced a combined net outflow of $24.81 million over five trading days from October 5 to 9, reversing a recent trend of inflows. Bitwise’s BSOL led the withdrawals with $20.94 million, though it still hold...

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