U.S. spot $BTC ETFs saw net inflows of $289.8 million on Wednesday (10/21), marking a third consecutive day of inflows and bringing the three-day total to about $840 million.
Fidelity’s FBTC led the way, with a single-day inflow of $212.7 million. Grayscale’s GBTC also saw $32.6 million flow back in. BlackRock’s IBIT data for the day is not yet available, so the final figures may still change.
$BTC is currently trading at around $82,900, essentially flat over the past 24 hours.
Strive just raised $630 million through preferred stock: 7 million shares of SATS preferred stock were sold at $90 per share, with the deal closing on October 20 and net proceeds of about $608 million.
The funds are designated for purposes that “may include purchasing Bitcoin,” but the company hasn’t said how much it will spend on $BTC .
Using $82,500 as a rough estimate, investing it all could buy about 7,372 BTC, increasing its holdings from 36,818 to roughly 44,000 BTC and potentially putting it ahead of Metaplanet as the second-largest publicly listed corporate holder.
The cost is significant, too: SATS pays an annual dividend of 15%, which alone would amount to about $105 million a year. Dividends will be paid on business days starting November 9.
Solana is getting a new "heart" tonight: the Alpenglow upgrade is expected to go live on mainnet at around 21:20 Beijing time, and take over consensus about 18 minutes later.
Transaction finality time will drop from around 12.8 seconds to about 150 milliseconds. This is the biggest change to the underlying layer since 2020: $SOL .
Validator voting fees will also change to a fixed 0.8 $SOL per epoch.
$BTC Down is the fifth wave, up is the rebound C wave, there are only two ways to go, technically some believe that the fifth wave is to be released, while others believe it meets the conditions for the release of the C wave. What do you think?
$LIGHT The end of imitation is ultimately zero; even if imitation is done in the right direction, the costs can wear you down. Refer to the post by the mysterious little K line. I previously lost several thousand U playing with imitation, and I vowed never to touch it again. Since returning to mainstream coin trading, I can sleep soundly.
Just added to my position. After yesterday's interest rate hike in Japan, the negative news has settled, leading to a rise. Yesterday, on Friday, U.S. stocks didn't open. I currently see this rally going up to before the Christmas crash, so I will continue to hold! $ETH