🔥 OpenClaw 2.0 Is Here: What Changed, Why It Took Two Months, and How It Stacks Up Against Hermes.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief OpenClaw shipped version 2026.8.1, branded OpenClaw 2.0, built by 933 contributors including 569 first-timers. The update rebuilds the browser app, adds shared multiplayer cloud sessions, moves session storage and implements features clearly aimed at enterprise buyers. It lands as Nous Research's Hermes Agent keeps stealing users frustrated with OpenClaw's setup headaches. OpenClaw shipped its biggest update ever over the weekend. The team calls it OpenClaw 2.0.
They also called it accidental, which, fine, we'll get to that. The release notes touch installation, messaging, memory, skills, models, automations, the browser, native apps, plugins, and securitybasically everything a user should know. Per the announcement post, 933 contributors, 569 of them first-timers, contributed to the project with more than 16,000 pull requests. That's roughly half of every PR OpenClaw has ever merged, shipped in a single release. OpenClaw is a self-hosted, open-source framework that turns an LLM into an agent that doesn't go away when you close the tab.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Robinhood Chain DEX Volume Jumps to $1.6 billion.
DeFi TVL reached $738.11 million. Stablecoin market capitalization rose to $796.74 million. Daily trading volume on Robinhood Chains decentralized exchanges jumped 61% between Aug. 1, rising from $989 million to $1.595 billion, according to DeFiLlama. The Ethereum Layer 2 also held $738.11 million in DeFi deposits and nearly $797 million in stablecoins as of Sept. Separately, DeFiLlama recorded $353.96 million in daily perpetual futures volume and $2.524 billion in assets bridged to the network.
Each figure covers a different category. DEX volume measures spot trades made through blockchain applications instead of centralized exchanges. Total value locked, or TVL, tracks assets deposited in DeFi protocols. Bridged value includes assets moved onto Robinhood Chain whether or not they have been deposited into those applications. After entering public testing in February 2026, Robinhood Chain launched its Arbitrum-powered mainnet on July 1. The network supports round-the-clock trading of tokenized stocks, which eligible users can lend or use as collateral.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 What Is 'Red September'? Bitcoin's Curse, and Why Wall Street Has the Same One.
Bitcoin's Curse, and Why Wall Street Has the Same One Price data by DecryptNewsCoinsWhat Is 'Red September'? Bitcoin's Curse, and Why Wall Street Has the Same OneBitcoin has lost ground in eight of the last 13 Septembers. The stock market's had the same problem since 1928. Here's the case for the curse, what broke it last year, and what's coming in the next round.By Jose Antonio LanzEdited by Guillermo JimenezSep 1, 2026Sep 1, 20266 min readBitcoin. Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin has closed 8 of the last 13 Septembers in the red, averaging a 2.97% loss, the worst month of the year by both average and median return. September 2025 broke the streak with a 5.16% gain, Bitcoin's third straight green close, only for October to turn negative for the first time since 2018 days before a Trump tariff threat triggered $19 billion in liquidations.
Bitcoin opens September 2026 around $77,500 after a near 25% jump in August, with the Fed weighing its first hike since 2023 and a midterm election year stacking its own seasonal drag on top. Bitcoin investors have lost money in eight of the last 13 Septembers. The S P 500 has averaged a loss in September since 1945, and researchers at Yardeni have traced the pattern all the way back to 1928. Bitcoin didn't invent this curse, but still the digital asset has joined it. Crypto traders call it Red September, a cyclical market boogeyman of sorts that resurfaces every year right around now. It's a data pattern stubborn enough that both a fifteen-year-old asset and a hundred-year-old stock index can't shake it.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Bitcoin's Next Move: Bullish Bets Run Up Against a Historical Wall.
But the charts tell a complicated story.By Jose Antonio LanzEdited by Guillermo JimenezSep 1, 2026Sep 1, 20265 min readBitcoin is the largest crypto asset by market cap. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin gained nearly 25% in August, its best August since 2017, closing the month back above its 50-month moving average for the first time since last year's crypto winter began. On Myriad Markets, traders are pricing a 77% chance BTC hits $84,000 before it dumps to $55,000. September is Bitcoin's historically weakest month, and the daily chart shows price already stalling under a resistance wall that's held since late August.
Bitcoin is trading around $77,500 on the first day of September, down about 1.3% on the day after closing out one of its strongest months of the cycle. The historic rally that moved crypto markets from fear to extreme greed in record time appears now to have cooledso where does the price of Bitcoin go next? For context, the recent rally traces back to Treasury Secretary Scott Bessent's decision to double the size of long-end bond buybacks on August 19, a liquidity move that hammered Treasury yields and touched off a short squeeze in crypto. Around that time, the Securities and Exchange Commission offered a framework for crypto investment contracts, adding regulatory tailwind to the move.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Solana Treasury DeFi Development Corp Eyes $20 Million Raise to Buy More SOL.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief DeFi Development Corp. is offering 2.2 million preferred shares at $9 each. CEO Joseph Onorati said most of the proceeds are expected to fund SOL purchases. The company recently bought 19,000 SOL, increasing its treasury to 2.33 million SOL and equivalents. Solana treasury firm DeFi Development Corp. has launched a preferred stock offering that could raise $19.8 million, with most of the proceeds expected to fund SOL purchases.
is a publicly traded company listed on the Nasdaq under the ticker DFDV. It has adopted a treasury strategy centered on accumulating and staking SOL. According to CEO Joseph Onorati, the company intends to use the net proceeds from the offering for general corporate purposes, including for working capital and the acquisition of SOL. Intended use of proceeds are outlined in the prospectus, but we expect to buy SOL with most of the proceeds, he told Decrypt. The Nasdaq-listed company is offering 2.2 million shares of Variable Rate Series C Perpetual Preferred Stock at $9 each, according to a preliminary prospectus. It has applied to list the shares under the ticker CHAD.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Cathie Woods Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block.
Image: World Economic Forum/Sikarin Fon Thanachaiary/Decrypt (Licensed under CC BY-NC-SA 2.0)Create an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Ark Invest bought about $37.4 million in Block shares Monday. The firm divided the 456,059 shares among its ARKK, ARKW, and ARKF funds. Ark also bought roughly $3.4 million in Circle shares. Cathie Woods Ark Invest bought $37.4 million in Jack Dorsey-led Block Inc. shares Monday, spreading the purchase across three actively managed exchange-traded funds. Ark bought 456,059 shares of Block, which trades under the ticker XYZ, according to a trading notification from the investment firm.
The firm allocated 191,732 shares, worth about $15.7 million, to its flagship ARK Innovation ETF. The ARK Next Generation Internet ETF acquired 88,065 shares valued at roughly $7.2 million, while the ARK Fintech Innovation ETF added 176,262 shares worth about $14.5 million. Block shares closed down 3.23% Monday at $80.20. Dorsey, a long-time Bitcoin proponent, co-founded Block in 2009. Originally called Square Inc, the company operates the Square merchant platform, Bitcoin and financial app Cash App, and develops Bitcoin mining hardware. The purchase followed Blocks second-quarter earnings report.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Gal Gadot Defends AI Use in Bitcoin Film: 'Work With It or Be Out of the Game'.
Image: Gage Skidmore/Decrypt (CC BY-SA 2.0)Create an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Gal Gadot said the contract for Bitcoin: Killing Satoshi took six months to negotiate, the longest she has worked on. She said SAG approached her lawyers for pointers on updating its own agreements to protect other actors. The $70 million film was shot in a bare warehouse, with its sets and lighting generated by AI. Wonder Woman star Gal Gadot took on a role in a Bitcoin thriller produced with artificial intelligence tools despite her fears of the technology, she told the Happy Sad Confused podcast. I am afraid of AI, but I am going to be afraid and look away?
No, the actor said, in comments reported by Variety. The train has left the station. You're going to work with it or be out of the game completely. I am trying to make the best of it and protect what I can protect. Gadots lawyers went over the contract with a fine-tooth comb in order to protect her from AI, she said.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 South Korea Arrests Four Over Crypto Payments to Syrian Terror Group.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Gwangju police said Tuesday they had arrested four Uzbek nationals, one wanted on an Interpol Red Notice, over transfers to Katibat Tawhid wal Jihad. The alleged ringleader sent 4,267 USDT to the UN-designated group across seven transfers between August 2024 and April 2025. He is also accused of receiving crypto from KTJ and using it to buy and ship $121,000 worth of vehicles to Syria. South Korean police have charged four Uzbek nationals with financing terrorism, in a case they say is the first to involve crypto flowing out of a designated terrorist group and back as physical goods.
The Gwangju Metropolitan Police Agency's security investigation division arrested the four in April under the Act on Prohibition Against the Financing of Terrorism, and disclosed the case on Tuesday, according to the Korea JoongAng Daily. The alleged ringleader has been indicted and detained and is on trial, while the other three are under investigation without detention. One of the four was wanted on an Interpol Red Notice. Between August 2024 and April 2025, police say the ringleader sent 4,267 USDT across seven transfers to Katibat Tawhid wal Jihad.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Strive Adds $143 Million in Bitcoin as Treasury Firms Pile Back In.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Strive bought another 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, raising its total holdings to 23,156 BTC, worth about $1.76 billion, CEO Matt Cole said. The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST after merging with Asset Entities.. It lands amid renewed sector buying: Strategy broke a two-month pause with a $370 million purchase, and Bitmine made its largest Ethereum buy since June. Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of the larger corporate crypto treasuries.
CEO Matt Cole said Monday the company paid an average price of $79,431 per coin for the latest tranche, lifting Strive's total holdings to 23,156 BTC. At the reference price cited in the disclosure, that stash is valued at roughly $1.76 billion. The purchase extends an aggressive accumulation strategy for the firm, which trades on the Nasdaq under the ticker ASST following its merger with Asset Entities earlier this year. Strive, initially co-founded by entrepreneur turned politician Vivek Ramaswamy, recently added $81 million in Bitcoin alongside a share sale, part of a steady cadence of buying as it builds out its treasury.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 XRP ETFs Extend Inflow Streak to 9 Days, Pulling In $1.6 Billion Since Launch.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Spot XRP ETFs took in $26.2 million on Aug. 28, extending a nine-day inflow streak and lifting cumulative net inflows to about $1.6 billion, per SoSoValue. Bloomberg's James Seyffart called the flows surprisingly resilient given XRP's soft price, noting Goldman Sachs, Jane Street, and Millennium lead holders, with investment advisers the top allocators. XRP traded near $1.39, down 2.7% on the day and 7.6% on the week; the ETF strength contrasts with Bitcoin funds snapping their own nine-day streak. Spot XRP exchange-traded funds are on a roll, stringing together nine straight days of net inflows even as the token's price has cooled.
The funds took in $26.2 million on Aug. 28, according to data from SoSoValue, extending an inflow streak that stretches back to mid-August and lifting cumulative net inflows to about $1.6 billion. In the last nine days alone, the funds have drawn in over $725 million. With total net assets across the products standing at roughly $1.6 billion, recent daily hauls have ranged from around $2.4 million to more than $28 million. Decrypt's ETF flow tracker keeps its XRP sentiment reading bullish.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Russia's Sberbank Sees $46 Billion in Crypto Trading, Plans Ethereum and USDT-Backed Loans.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Sberbank's Anatoly Popov told TASS that Russian crypto trading could reach about 4 trillion rubles (~$46.43 billion) in the first year under new rules and roughly 7.5 trillion rubles (~$87 billion) by 2029. The bank plans to accept Ethereum and USDT as loan collateral alongside Bitcoin after the Central Bank, of course, allows them for public circulation. The plans come as Russia's crypto law takes effect September 1. Russia's largest bank expects crypto trading to take off once the country's new digital asset rules take effect, and it's preparing to accept Ethereum and Tether's USDT as collateral for loans.
Sberbank Deputy Chairman Anatoly Popov told state news agency TASS that cryptocurrency trading volumes in Russia could reach as much as 4 trillion rubles, or about $46.43 billion, in the first year, and climb to roughly 7.5 trillion rubles, around $87 billion, by 2029. Popov described the projection as conservative, noting that a large share of transactions will keep flowing through crypto exchange services that bypass formal exchange trading, and that the market won't fully mature within a year since professional participants have until July 1, 2027, to obtain licenses. Popov also laid out plans to broaden Sberbank's crypto-backed lending.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The SEC and CFTC are moving on crypto rulemaking while market-structure legislation sits in summer recess, with a joint look at how derivatives like swaps and perpetual futures should be defined and where each agency's jurisdiction begins. A bipartisan group of former SEC and CFTC officialsincluding Chris Giancarlo and Brian Quintenzargued in a Kalshi-sponsored comment letter that similar risks deserve similar treatment, warning that miscalibrated rules keep driving trading overseas. The SEC separately sent a rewrite of its crypto custody rules to the White House for review, aiming to clarify how regulated advisers can custody digital assets.
While crypto market structure legislation sits in summer recess limbo, the SEC and CFTC are getting a head start on writing the rules for the $2.5 trillion industry. Both agencies are pressing ahead with several crypto-related initiatives, including a fresh look at derivatives and a rewrite of the SECs crypto custody rules. In June, the agencies asked for public input on how swaps, security-based swaps, and novel or emerging products should be defined and where SEC and CFTC jurisdiction should begin and end.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Lift Oil.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin held around $78,623 on Monday, down just 0.7% on the day but set to close August up more than 24%its strongest month since 2017despite a difficult macro backdrop. strikes on Iran over the weekend sent oil higher and pushed stocks lower, with the S P 500 off 0.5% and the Nasdaq down 0.4%. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks lifted September rate-hike odds to ~58%;with Bitcoin's rally stalling and spot ETFs snapping a nine-day inflow streak as Ethereum funds kept drawing cash. Bitcoin is proving resilient at the start of the week, holding above $78,000 even as fresh U.S.
military strikes on Iran drove oil prices higher and pushed equities into the red. The largest cryptocurrency traded around $78,623 on Monday, down just 0.7% over 24 hours, according to CoinGecko, after dipping to an intraday low near $77,162. Despite the softer session, Bitcoin is on track to close August with a gain of more than 24%, its best month since 2017. The steadiness stands out against a rough backdrop for other assets.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Sony Argues in Court That Digital Games Can't Be Owned.
Image: Triyansh Gill on Unsplash/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Sony told a federal court on August 21 that reasonable consumers would not be misled into thinking they own the digital games they pay for. Its filing argues that ownership is implausible because two plaintiffs bought the same game 11 days aparthad the first owned it, the second could not have bought it. The proposed class action, filed in June by four California PlayStation customers, alleges the store's checkout fails a disclosure law in force since January 2025. Sony has told a federal judge that no reasonable consumer believes they own the digital games they pay for on the PlayStation Store, according to an August 21 filing reviewed by Game File.
The filing is the company's first substantive answer to a proposed class action brought in June in the Northern District of California by four California PlayStation customers. They allege the store's Buy Now and Confirm Purchase buttons imply ownership when the transaction hands over only a revocable license. The suit's first count is brought under Section 17500.6, added to California's false advertising law by AB 2426, which took effect in January 2025. It bars sellers from using buy, purchase, or any term a reasonable person would read as conferring unrestricted ownership, unless the checkout carries a clear and conspicuous statement, in plain language, that buying the digital good is a license.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 South Korea Will Give Every Citizen Free AI Access With Unlimited Tokens.
Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief South Korea plans to give its entire population free access to premium generative AI under a programme called AI for All. Three tech consortia will provide the services, and the government will split up to 512 Nvidia B200 chips between them. Around a quarter of South Koreans already pay for generative AI, against roughly 2% of Americans. South Korea intends to hand every one of its citizens free access to generative AI, in what amounts to the first attempt by a national government to treat model access as something close to a public service, the Wall Street Journal reported.
The tools will be wired into government systems, with the WSJ giving examples of potential use cases such as booking doctor's appointments, getting help finding an apartment or asking for tax advice. Small businesses will be able to work out their taxes and check whether they qualify for state support schemes, and parents will be sent suggested educational material for their children. Seoul named three tech consortia on Friday to deliver the services, among them the country's two largest telecoms operators and the company behind Kakao, the messaging platform that functions as a general-purpose app across Korean life. Each will launch a dedicated app while folding the AI into products people already use.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Bitcoin ETFs Snap Nine-Day Inflow Streak as Ethereum Funds Extend Their Run.
28, ending a nine-day inflow run, even as Ethereum funds extended a 10-day streak with fresh cash.By Decrypt StaffEdited by Guillermo JimenezAug 30, 2026Aug 30, 20263 min readBitcoin logo. Image: DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief U.S. spot Bitcoin ETFs recorded $201.9 million in net outflows on Aug. 28, snapping a nine-day inflow streak and trimming cumulative net inflows to about $55.1 billion. The reversal caps an otherwise strong run$2.8 billion over an eight-day streak as BTC tested $80,000, plus the biggest single day since Maywith daily inflows repeatedly topping $300 million and peaking above $600 million on Aug.
Ethereum ETFs showed no such fatigue, taking in $102.1 million to extend a 10-day streak and lift cumulative inflows to about $12.9 billion. Spot Bitcoin exchange-traded funds broke a nine-day winning streak on Friday, shedding money just as their Ethereum counterparts kept pulling in fresh cash. spot Bitcoin ETFs recorded $201.9 million in net outflows on Aug. 28, according to data from SoSoValue, ending a stretch of consecutive inflows that had run since mid-August. The reversal trimmed cumulative net inflows to about $55.1 billion, with the funds now holding roughly $93.9 billion in total net assets.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Bitcoin's Oldest Coins Are Waking Up in 2026 at a Pace Rarely Seen.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Galaxy Research data shows Bitcoin's oldest cohortcoins dormant for a decade or morestirring more prominently in 2026 than in most prior years, even though the year is only part way through. Six wallets dormant since 2011, 2012 and 2014 moved a combined 553.59 BTC (~$40.15 million) between Aug. 16 and 26, including a 40 BTC wallet last touched in May 2012. The awakenings come amid a choppy market: Bitcoin fell to $76,877 Friday after Fed Chair Kevin Warsh's hawkish Jackson Hole keynote lifted September rate-hike odds to ~56%, though $2.8 billion in eight-day ETF inflows and bullish Myriad traders keep the longer-term outlook positive.
The most dormant Bitcoin on the network, coins untouched for a decade or more, is stirring at an unusual clip this year, according to fresh data from Galaxy Research. A chart the firm published last week tracks how much Bitcoin from each vintage woke up in each calendar year since 2012, sorted into age cohorts. The standout is the sliver at the very bottom of 2026's bar: a visible band of 10-year-and-older coins moving, rendered in red. Because 2026 is only part way through, Galaxy cross-hatched the bar to signal it isn't comparable to the full years beside it, yet the oldest cohort already registers more prominently than in most prior years, when movement from decade-old coins was barely perceptible.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 XRP Treasury Company Gets One Step Closer to Listing on Nasdaq.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The SEC declared effective Evernorth's Form S-4 registration statement on August 27, clearing Armada Acquisition Corp. II to schedule a shareholder vote on their merger. Armada shareholders of record as of August 20 will vote on the deal September 30; investors seeking redemption must file by September 28. Evernorth aims to become the largest publicly traded XRP treasury, but the roughly $947 million it spent on XRP last October is now worth hundreds of millions less.
The Securities and Exchange Commission has cleared a path for Evernoth Holdings, an XRP treasury company, to list on the Nasdaq. The SEC declared the companys registration effective, which means it can now merge with Armada, a Nasdaq-listed special purpose acquisition company, or SPAC, and go publicif shareholders approve the deal during a vote set for September 30. If the vote passes and the remaining closing conditions clear, the combined firm expects to debut on Nasdaq under the ticker XRPN, with the deal targeted to close in late Q3 or early Q4 of this year. Effectiveness doesn't mean the SEC has endorsed the merger, Evernorth's business model, or XRP as an investment; it just clears the paperwork for the vote to happen.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 What Is Strategy (MSTR)? The Bitcoin Treasury Company.
The Bitcoin Treasury Company Price data by DecryptUniversityExplainersThe LandscapeWhat Is Strategy (MSTR)? The Bitcoin Treasury CompanyStrategys co-founder Michael Saylor pioneered the Bitcoin treasury playbook. Heres what you need to know.By Logan HitchcockEdited by Stephen GravesAug 28, 2026Aug 28, 20268 min readCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Formerly software firm MicroStrategy, Strategy transitioned to a Bitcoin treasury company model after adopting BTC as its primary reserve asset at the behest of co-founder and chair Michael Saylor Strategy has sold 6,948 BTC for roughly $432.5 million since May, abandoning its never sell Bitcoin stance in favour of a goal to never be a net seller. It now holds two separate pools of dollars alongside its Bitcoin: a USD Reserve ring-fenced for dividends and interest, and an unrestricted USD Cash account that can be spent on anything, including buying more Bitcoin.
Today, Strategy is one of the most important institutions in cryptocurrency, but it didn't start out that way. Originally called MicroStrategy, the company co-founded by Michael Saylorone of the most influential figures in the world of Bitcoinfirst made its mark in software. Now it's best known for its aggressive strategy of acquiring Bitcoin for its corporate reserves, with Saylor becoming a figurehead for institutional adoption of the asset. Before it added Bitcoin to its balance sheet, Strategy was best known for business intelligence software designed to help companies analyze data for better decision making.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Bitcoin Miner IREN Shares Fall as AI Conversion Costs Mount.
Image: ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief AI cloud revenue reached $70.5 million in the fiscal fourth quarter, surpassing Bitcoin mining revenue for the first time. IREN reported a $684 million quarterly loss, including $450.4 million in asset impairments. Of IRENs $4 billion in contracted annualized run-rate revenue, $1 billion was operating as of Aug. IREN shares fell more than 8% after the Bitcoin miner turned AI data center operator reported a $684 million loss in its fiscal 2026 results. The stock dropped 8.2% in after-hours trading Thursday to $37.19, after closing at $40.53. AI cloud services generated $70.5 million in the quarter ended June 30, up from $33.6 million the previous quarter.
The segment surpassed Bitcoin mining revenue of $66.7 million for the first time and accounted for 51.4% of IRENs quarterly revenue. Mining revenue fell 40% from the prior quarter as IREN converted mining sites for AI use. Total revenue declined 5% to $137.2 million. Bernstein analysts expect IREN to wind down Bitcoin mining by 2030 as the company replaces mining hardware with graphics processing units for AI workloads. We started IREN with a simple observation: the digital world can scale almost instantly, but the physical world cannot, Co-Founder and Co-CEO of IREN Daniel Roberts said in a statement. This year, that founding thesis became tangible.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.