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Strive raising $500 million to buy additional bitcoin with new preferred share class

Bitcoin treasury company Striveon Tuesday evening announced a new perpetual preferred stock, SATS, with a 15% fixed dividend.

The company is aiming to sell 5 million shares at $100 per share, for a capital raise of $500 million, with proceeds to be used to purchase additional bitcoin, acquire income-producing assets, or buy back stock.

Strategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000

Tom Lee, chairman of ether treasury firm Bitmine, said he sees a wave of inherited wealth flowing to younger investors as a potential driver of the next crypto bull market.

Lee, a Wall Street veteran who also co-founded financial research and asset management firm Fundstrat in 2014 and serves as its chief investment officer, pointed to estimates from the U.S. Internal Revenue Service (IRS) and Fundstrat suggesting between $1.5 trillion and $2 trillion in wealth could change hands from 2026 through 2028.

"The wealth transfer underway is expected to support the upcoming crypto bull market as those inheriting wealth are younger and likely have a higher risk appetite for crypto and equities," Lee said in a Monday statement.

Interactive Brokers expands crypto services with Ethereum staking via Zerohash

Interactive Brokers has added cryptocurrency staking for eligible clients, expanding its crypto services beyond trading and transfers.

At launch, staking is limited to Ethereum and is available through the broker's Client Portal, with services provided by crypto infrastructure firm zerohash. Rewards are credited as additional staked ETH and can compound while the position remains staked.

"Similar to how our Stock Yield Enhancement Program allows clients to earn additional income on shares they own, staking gives clients an opportunity to earn rewards on the cryptocurrency they own," Interactive Brokers CEO Milan Galik said in a release. "We want clients to earn more from the assets they hold."

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $175.62 million. The total net asset value of Bitcoin spot ETFs is $106.98 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.38%.

The Bitcoin spot ETF with the highest net inflow on October 13 was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net inflow of $103.06 million, according to SoSoValue.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Friday was $24.84 million. The total net asset value of Ethereum spot ETFs is $15.83 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.16%.

The Ethereum spot ETF with the highest net inflow on October 13 was Grayscale Ethereum Mini Trust (ETH), with a net inflow of $16.73 million, according to SoSoValue.

Source: SoSoValue