Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares. On Oct. 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct. 5 and Oct.
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A judge ruled that Chinese law should govern fraud victims' claims to the 61,000 BTC seized from Zhimin Qian, in a blow to the claimants.
Bitcoin bounced back from an early dip as ZEC, HYPE and SOL led altcoin losses. JPMorgan fell after kicking off U.S. earnings season.
South Korea's chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.
A UK court has narrowed victims' route to a £3.8bn Bitcoin seizure, while South Korea blocks 27 unregistered crypto platforms amid access risks.
Bitcoin traded back near $83,700 as Korean chipmakers dragged the KOSPI below 6,000, a day before the U.S. releases September inflation data.
Strategy Details Bitcoin Purchase and STRC Repurchase
Supreme Court Rule No. 3280 takes effect Nov. 1 and covers exchange-held and self-custodied virtual assets, including pending cases.
The October 12 amendment standardizes court-led debt recovery, with separate procedures for exchange claims and directly held crypto.
Bitcoin recovered from near $81,000 as markets weighed Strategy's latest purchase and the pending U.S. inflation report.
Bitcoin price is rebounding more than 3% today, bouncing from $81,017 to $84,074. The sharp rise comes amid a mix of macro and technical factors.