Key Highlights Canaan launched a $20 million share buyback using cryptocurrency holdings amid a sharp collapse in mining-machine revenue. The Bitcoin mining-equipment maker’s hardware revenue fell 96% year over year to $4.8 million in the third quarter. Canaan shares have declined about 75% this year, while its cryptocurrency treasury remains partly tied up. Canaan Launches ...
Key Highlights: Core Scientific has slashed its Bitcoin reserves from a 2022 peak of over 9,600 BTC to just 32 BTC, reducing its digital asset balance sheet value to $2.7 million. Third-quarter 2026 revenue surged 187% year-over-year to $232.9 million, driven almost entirely by colocation services generating $215.4 million, or 92% of total revenue. The ...
Key Highlights: Strive achieved a 63.2% year-to-date Bitcoin yield, measuring the expansion rate of its Bitcoin per share. For the first nine months, the company posted a $14.5 million GAAP net loss and an $88.4 million net loss attributable to common stockholders after preferred dividends. Third-quarter adjusted non-GAAP income attributable to common stockholders reached nearly ...
Key Highlights: On-chain tracker Lookonchain reported that recent movements by MARA Holdings may indicate potential sales activity, following an estimated offloading of 1,000 BTC last week. MARA Holdings reportedly intends to continue liquidating a fraction of the Bitcoin generated through mining operations and retained in its treasury reserves through 2026. While the company made a ...
Key Highlights: Hyperliquid Strategies has detailed its share repurchase framework, though it emphasizes that market conditions and share prices will determine the timing and execution, with no guarantee that all authorized capital will be deployed. Both $PURR shares and the underlying Hyperliquid network token, $HYPE, have sharply underperformed Bitcoin throughout October. $PURR dropped roughly 33% ...
Key Highlights: SkyAI has completely liquidated its Solana holdings, reporting zero $SOL remaining in its reserves. As of October 16, the company held approximately $223.8 million in cash reserves following the asset sale. The firm is launching a buyback program worth up to $201.3 million to repurchase up to 95% of its shares and three ...
Key Highlights: Strive Chief Executive Matt Cole stated that the firm could potentially rank as the second-largest public corporate Bitcoin holder by year-end, though he views it as an unlikely outcome. The firm is raising roughly $630 million in gross proceeds through the sale of 7 million shares of 15% SATS Series A preferred stock ...
Key Highlights: Global index provider MSCI has introduced updated index eligibility criteria targeting firms whose core activities focus on holding digital assets such as Bitcoin rather than commercial operations. Firms face a two-stage evaluation involving operating asset assessments and five financial ratios, requiring failures across two consecutive financial reporting periods before being removed. Companies including ...
Key Highlights: Bitmine has staked roughly 5.07 million ETH, valued at $12.9 billion, through its proprietary MAVAN validator network and staking partners. At an annualized yield of 2.61%, the firm projects it could generate approximately $400 million each year once its ETH holdings are fully staked. Chairman Tom Lee expressed optimism for the firm’s outlook ...
Key Highlights Strive plans to raise $500 million by offering 5 million shares of its new perpetual preferred stock, SATS, priced at $100 per share with a 15% fixed dividend. Proceeds from the offering are earmarked to purchase more Bitcoin, acquire income-generating assets, or finance share buybacks, backed by an initial 18-month dividend reserve. Strive ...
Key Highlights Bitmine chairman Tom Lee announced the treasury firm will halt its Ethereum acquisitions once its holdings reach 5% of the token’s circulating supply. Following a recent $41 million purchase, Bitmine holds 6,016,414 ETH (valued at roughly $15.5 billion), representing approximately 4.9% of all circulating Ether. The firm reached its multi-year treasury goal in ...