News linked to both this project and an event.
Odaily reports: Bitcoin News posted on X that Strive's SATA preferred stock raised an estimated $55 million during the week of October 5, enough at last week's prices to purchase approximately 638 bitcoins. As of October 2, the company held 29,462 BTC. From September 28 to October 4, Strategy did not sell any STRC shares. An 8-K filing submitted on Monday will reveal whether this SATA cash was actually converted into Bitcoin.
According to Investegate, UK Bitcoin treasury company The Smarter Web Company PLC (stock code: SWC) has announced its institutional and retail issuance results, successfully raising a total of £10 million (net proceeds of approximately £8.3 million). The company will issue 111,112 preference shares at an issue price of £90 per share, and is expected to list on the Main Market of the London Stock Exchange on October 14, 2026, under the trading code MORE (ISIN: GB00C0HJ0D12).
Bitcoin Treasuries posted on X platform that billionaire Grant Cardone revealed to Peter Schiff that his company uses real estate cash flow every month to buy more Bitcoin, and will buy 500 more Bitcoin through refinancing. The company is using asset classes beyond real estate assets to buy more Bitcoin.
According to The Block, following its acquisition of FTX's Bitcoin mining company Genesis Digital Assets, SWI Group has raised €800 million (approximately $895 million) from institutional investors to expand its AI data centers and high-performance computing infrastructure in the United States and Europe. As part of its strategic transformation, the company is converting its suitable Bitcoin mining facilities for AI computing purposes, gradually exiting the cryptocurrency mining business.
Odaily News: The Smarter Web Company has announced the completion of a $13.25 million initial public offering (IPO) through MORE, the UK's first Bitcoin-backed preferred stock. MORE will begin trading on the London Stock Exchange Main Market this Wednesday, with the first weekly dividend scheduled to be paid on November 9.
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
Odaily reports: Bitcoin News posted on X that publicly listed Bitcoin mining company CleanSpark disclosed its September operational data: mining output of 529 BTC, sold 702 BTC, of which 700 BTC were sold through call option exercises and 2 BTC were sold directly on the spot market; the company holds 13,530 BTC, with an average operating hashrate of 36 EH/s and contracted power capacity of 1.8 GW. CleanSpark also disclosed that 3,475 BTC in its treasury are recorded as collateral for derivatives trading or as receivables.CleanSpark has secured $2.276 billion in financing for its Sandersville data center expansion project, with the related lease agreements expected to generate approximately $6.6 billion in contract revenue. CEO Matt Schultz stated that the financing will fully fund the project through to completion. As the business expands beyond Bitcoin mining, the company will cease publishing monthly Bitcoin mining updates and switch to quarterly disclosures.
Odaily News: Bitcoin life insurance company Meanwhile has announced the completion of a $37.5 million funding round led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, among others. The company's cumulative funding has now exceeded $180 million.Meanwhile is headquartered in Bermuda and is licensed to conduct insurance business entirely in Bitcoin. The company stated that an unstable macroeconomic environment has driven increased demand for Bitcoin life insurance policies in markets across Asia, Europe, and the Middle East.In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life insurance product, for high-net-worth clients outside the United States, following the earlier launch of BTC 10-Pay for U.S. taxpayers. Policies can be held by individuals, trusts, or corporations for inheritance and estate planning purposes. (Cointelegraph)
According to Cointelegraph, Bermuda-headquartered Bitcoin life insurance provider Meanwhile has announced $37.5 million in new funding, bringing its total capital raised past $180 million. The round was led by Bain Capital Crypto, which will enable the company to expand into overseas markets such as Asia and Europe.
Ansem (@blknoiz06) tweeted that as AI continues to expand, the value of culture and collective belief will become increasingly prominent. He believes that if quantum risk poses a substantial threat to Bitcoin, Zcash could see a higher valuation driven by its privacy and store-of-value narrative; he also agrees with Murad’s broader take on memecoins—in a world where AI commoditizes intelligence, cultural assets that people truly believe in may command a massive premium, despite the extremely low likelihood of pure memecoins flipping Bitcoin.
Odaily report: The Securities and Exchange Commission (SEC) of Thailand has completed the drafting of relevant rules to allow cryptocurrency exchange-traded funds (ETFs) to be listed and traded on the Stock Exchange of Thailand, initially limited to Bitcoin and Ethereum. The rules will take effect on October 16, 2026.Initially, products such as depositary receipts linked to overseas cryptocurrency ETFs will not be permitted, and Thai brokerages will still not be allowed to assist retail investors in investing in overseas cryptocurrency ETFs. Institutional investors and ultra-high-net-worth individuals are not subject to this restriction. Mutual funds and private funds may invest in cryptocurrency ETFs established in Thailand.The relevant ETFs must adopt a passive investment approach, tracking the prices of the underlying crypto assets, and must maintain an average net exposure to any single cryptocurrency of at least 80% of net asset value during each fiscal year. Brokerages may not provide margin financing, and fund assets must be custodied by digital asset custodians regulated by the SEC. (Cointelegraph)
According to Axios, Meanwhile, a Bitcoin life insurance company backed by Sam Altman, has raised $37.5 million in funding, bringing its latest valuation to $350 million. The company offers Bitcoin-denominated life insurance products, enabling clients to benefit from the appreciation of their cryptocurrency assets without paying high capital gains taxes.
Odaily reports: Bitcoin News posted on the X platform that the International Monetary Fund has completed the second and third reviews of El Salvador's $1.4 billion financing facility, disbursing $139 million, and granted a waiver after the country violated its Bitcoin holdings limit. The IMF now expects that, apart from documented donations, the Salvadoran government will not purchase additional Bitcoin and will enhance the transparency of its public Bitcoin holdings.
Strive CEO Matt Cole announced on X that Strive purchased 2,000 BTC last week for $169 million, at an average cost of $84,422 per coin, bringing total holdings to 29,462 BTC. 61.5% of the financing came from SATA, with warrants generating $56.7 million. The 8-K filing submitted today also disclosed key metrics and KPIs as of the third quarter of 2026.
Strive CEO Matt Cole disclosed that Strive acquired 2,000 BTC at an average price of $84,422 per coin, bringing total spending to approximately $169 million and raising the company's total Bitcoin holdings to 29,462 BTC. In this financing round, 61.5% of the funds came from SATA, while warrants generated an additional $56.7 million in proceeds.
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
According to Cointelegraph, Saifedean Ammous, author of The Bitcoin Standard, stated that other treasury companies focused on buying Bitcoin as their core business may struggle to compete with Strategy, noting there is currently no sufficient reason to choose alternative Bitcoin treasury firms over Strategy. Ammous pointed out that Strategy's larger Bitcoin holdings enable it to secure financing at a lower cost, and the company maintains approximately $5.02 billion in cash reserves, which can be used to pay preferred stock dividends and interest on its debt, providing a financial buffer even if Bitcoin experiences a sharper drawdown. However, he also emphasized that investing in Strategy still entails risks, and personally favors holding Bitcoin directly.
Michael Saylor posted on X platform stating that Strategy and Strive conduct business based on the shared capital foundation of Bitcoin. Although the two parties differ in securities products, decisions, and target audiences, they can compete while jointly expanding long-term opportunities. He believes that more well-managed Bitcoin-backed digital credit issuers can help enhance investor awareness, liquidity, and institutional research coverage for this category, and may improve the financing environment for eligible issuers. Saylor also mentioned that Strive disclosed the purchase of $50 million worth of STRC on March 11, 2026.
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
Odaily News: Prediction market operator Kalshi is in negotiations for a $1 billion funding round at a target valuation of $40 billion. Existing investors Sequoia Capital and Wellington Management are in discussions to lead the round, with Tiger Global and Dragoneer Investment Group also participating in talks.The funding round has not yet been finalized, and the final list of investors and closing date have not been disclosed. Kalshi raised $300 million at a $5 billion valuation in October 2025, and completed a $1 billion funding round at a $22 billion valuation in May 2026.The U.S. Sixth Circuit Court of Appeals ruled against Kalshi on September 25 in lawsuits involving Ohio and Tennessee, allowing the two states to regulate its sports contracts under gambling laws. Kalshi argues that its products are regulated by the U.S. Commodity Futures Trading Commission. (Bitcoin.com News)