CRYPTO
Fortune
13 Oct 2026 · 11:45
Strategy buys $21 million worth of Bitcoin as corporate crypto buying shows signs of revival
Bitcoin buying is back. Corporate crypto heavyweight Strategy announced Monday that it bought over $21 million worth of Bitcoin last week, bringing its total holdings to roughly $70 billion. The company, led by flamboyant …
Bitcoin buying is back. Corporate crypto heavyweight Strategy announced Monday that it bought over $21 million worth of Bitcoin last week, bringing its total holdings to roughly $70 billion. The company, led by flamboyant billionaire Michael Saylor, funded the purchase by selling more than 125,000 shares of its common stock and using $500,000 in cash. It also spent roughly $192 million to repurchase nearly 2 million shares of STRC, a type of preferred stock that makes regular payments to investors.
The latest purchase extends Strategy’s return to Bitcoin buying, marking its fifth purchase since August.
Bitcoin broke out of a prolonged trading lull in mid-August, climbing to around $77,000 for the first time since May. It has largely held above that level since and was trading at $82,600 Monday morning. The rebound followed a steep downturn that pushed Bitcoin from a high of $126,000 last October to a low of $58,000 in June. Amid the slump, Strategy—which holds roughly 4% of Bitcoin’s circulating supply—sold portions of its stockpile on four occasions. As Bitcoin’s price rebounded, Strategy stopped selling and returned to stockpiling.
Strategy isn’t the only big player wading back into Bitcoin. Other companies have recently added crypto to their balance sheets, breathing life back into corporate crypto buying.
Earlier this month, Strive, the asset manager cofounded by billionaire Vivek Ramaswamy, announced a $169 million purchase of 2,000 Bitcoin, bringing its stockpile to roughly $2.4 billion. Robinhood, the crypto trading platform led by CEO Vlad Tenev, also joined the ranks of corporate Bitcoin buyers and recently disclosed a $25 million investment for its own balance sheet. Metaplanet, the Japanese investment firm and world’s second-largest publicly traded Bitcoin treasury company, announced this month that it sold 10,000 Bitcoin and bought 11,000 in the third quarter to demonstrate to credit markets that it could convert its holdings into cash when needed.
But companies aren’t just stockpiling Bitcoin. Bitmine, a Bitcoin miner turned into an Ethereum treasury company, announced this month that it had added roughly $41 million worth of the cryptocurrency to its treasury. The purchase brought its holdings to about 6 million tokens—nearly 5% of Ether’s total supply.
The renewed buying comes as Bitcoin’s recovery fuels hopes of further gains. The cryptocurrency has held up despite recent interest rate hikes in the United States and renewed tensions in the Middle East.
Fortune previously reported that analysts expect Bitcoin to recover further by year-end, with one strategist predicting a summer bottom followed by a rebound toward $100,000.
CRYPTO
Crypto Briefing
13 Oct 2026 · 11:45
Derive proposes treasury funding for a US-regulated derivatives push
A new governance proposal would let the Derive Foundation pursue US approvals and set up entities, but it names no budget or launch date Derive wants permission to knock on the US regulatory door. …
A new governance proposal would let the Derive Foundation pursue US approvals and set up entities, but it names no budget or launch date
Derive wants permission to knock on the US regulatory door. The onchain derivatives protocol published a Derive Improvement Proposal on October 12, 2026, asking token holders to let its foundation explore a fully regulated US trading venue.
The request is broad and the price tag is blank. The proposal sets no spending amount and no launch date.
What the proposal actually asks for
The proposal targets the Derive Foundation, the Cayman-based entity that oversees the protocol. If approved, the Foundation would gain authority to seek regulatory approvals in the US.
It could also form new entities or acquire existing ones to get there.
To pay for all this, the Foundation would be allowed to draw on limited treasury resources. That money would cover legal, compliance and technical work tied to the effort.
Nothing happens without a vote. Token holders must approve the proposal before the Foundation can act on any of it.
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No initial product has been named. No financial commitment has been spelled out either. Any next steps will depend on how much clarity future US regulatory developments provide.
Two venues, one brand
The stated strategy is to keep Derive positioned as a leading DeFi market for participants outside the US, while the Foundation would assess whether a regulated US counterpart makes sense.
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Derive already has a product lineup that would need to translate across that divide. The platform offers options, perpetual futures and spot trading, and it claims leadership in onchain options volume.
Perpetual futures are derivative contracts with no expiry date, letting traders hold leveraged positions indefinitely. Options give the right, but not the obligation, to buy or sell an asset at a set price.
Derive backs these products with risk management systems and support for multiple collateral types.
The DRV factor
The Foundation holds the protocol’s intellectual property and treasury assets, and those assets are weighted toward Derive’s native token, DRV.
DRV serves as the protocol’s governance and incentive token. It also sits at the center of revenue mechanisms that include buybacks and an insurance fund.
So when the proposal talks about spending treasury resources on lawyers and compliance staff, it is talking about a treasury heavy in DRV. Without a stated budget, holders are approving a direction rather than a dollar figure.
Why now
The proposal lands against a broader industry shift toward regulated derivatives frameworks in the US. Recent actions by the Commodity Futures Trading Commission, the agency that oversees most US derivatives markets, are part of that backdrop.
What this means
For DRV holders, the immediate stakes are about governance and treasury discipline. Voting yes grants the Foundation wide latitude with no fixed spending cap or deadline.
A regulated US venue could open Derive’s products to traders and institutions that cannot touch an offshore, permissionless protocol today.
If the treasury is DRV-weighted, sustained spending could add selling pressure or shrink the reserves that support buybacks and the insurance fund.
Watch three things from here. First, the vote itself, including turnout and any pushback over the lack of a budget. Second, whether the Foundation pursues a new entity or acquires an existing licensed one. Third, any follow-up disclosure on spending, since the size of the first check will say more about Derive’s conviction than the proposal does.
CRYPTO
Cointelegraph
13 Oct 2026 · 11:45
Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high
Bitcoin price action stayed rangebound after failing to sustain above $84,000 into the Wall Street open on rising oil prices. Bitcoin (BTC) gave back early-week gains into Monday’s Wall Street open as doubts compounded …
Bitcoin price action stayed rangebound after failing to sustain above $84,000 into the Wall Street open on rising oil prices.
Bitcoin (BTC) gave back early-week gains into Monday’s Wall Street open as doubts compounded over a Russia-Ukraine “energy ceasefire.”
Key points:
Bitcoin reached $84,250 before falling 2.2% amid market nerves over oil supplies and the Russia-Ukraine “energy ceasefire.”
Analysis saw too much “risk premium” priced in to oil markets in the face of improving shipping volumes.
BTC options traders positioned “defensively” while keeping $90,000 and above on the table.
Bitcoin pressured as Brent crude oil rises above $107
Data from TradingView showed BTC/USD reaching $84,254 on Bitstamp, its highest level since Wednesday, before dropping up to 2.2%.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
The retreat came as Ukraine president Volodymyr Zelenskyy accused Russia of continuing to target energy infrastructure despite US president Donald Trump announcing a moratorium on such strikes. Elsewhere, Iran reported that an oil tanker had been hit and was ablaze in the Strait of Hormuz.
Oil prices reacted sharply, with WTI crude spiking past $94 per barrel and Brent crude reaching $107.25 — its highest since Sept. 16.
CFDs on Brent crude oil four-hour chart. Source: Cointelegraph/TradingView
The increases come with markets already on edge ahead of key US inflation data in the form of Consumer Price Index (CPI) and Producer Price Index (PPI), due out on Wednesday and Thursday respectively. As Cointelegraph reported, CPI has proven particularly sensitive to rising oil prices.
Commenting, Robin Brooks, former chief FX strategist at Goldman Sachs, argued that oil markets had priced in “too much risk premium,” pointing to improving Hormuz transit volumes.
“Oil volumes out of the Persian Gulf are around 13 mb/d compared to a high of 16.5 mb/d a few weeks ago. This is still way better than the height of the war in March and April, but oil prices are back to their highs,” he noted in a blog post on the day.
BTC bid support seeks to protect $82,000
Looking ahead to possible BTC price targets, trading company QCP Capital reported duality in Bitcoin options markets, with “defensive” positioning combined with traders considering an upside breakout to still be possible.
Related: BTC price support holds ahead of US CPI data: Three things Bitcoin traders need to know this week
“Implied volatility has held firm even as spot settled back into the range, while risk reversals show a less pronounced premium for puts than usual. Read together, the market looks less defensively positioned but still priced for a possible breakout,” it summarized in its latest analysis.
“A clean move above $87k would bring $94k into focus.”
Trader and analyst Rekt Capital flagged $83,400 as local resistance on the day, with that level mirroring the area around $77,000 from mid-August through Sept. 21, when BTC/USD broke higher.
BTC/USD one-day chart. Source: Rekt Capital on X.com
Data from CoinGlass showed ask liquidity clustered around $84,500 on exchanges, with the total at that level circling $180 million. Bids were building around $82,000 at the time of writing, with spot price trending toward that level.
BTC liquidation heatmap. Source: CoinGlass
CRYPTO
Decrypt
13 Oct 2026 · 11:45
Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows
Add Decrypt as your preferred source to see more of our stories on Google. In brief The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and …
Add Decrypt as your preferred source to see more of our stories on Google.
In brief The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and an Aug. 26 peak of 82, the highest reading of the year.
Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101, the 30-year Treasury yield reached 5.70% and spot.
Myriad traders now give 45% odds of Biticoin hitting $87,500 and 56% odds of BTC dropping to $80,000 in October, both lower than on Oct. 7.
After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends.
Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency market’s Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August.
The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug. 26, its high for the year, and read 68 a month ago.
Bitcoin peaked at $86,978 early last week and slid as low as $81,749.83 on Oct. 8, a drop of about 6%, before recovering to roughly $83,800 on Monday. That leaves the largest cryptocurrency about 34% below its all-time high of above $126,000, set on Oct. 6, 2025 back when extreme greed was the norm.
That slide marked a rough stretch that extended until August of this year. The August rally led to a 24.9% increase in the price of Bitcoin, enough for industry participants such as Fundstrat co-founder and Bitmine Chairman Tom Lee and Crypto Quant’s Kim Yong Yu to announce the end of the bear market.
But the increased appetite for crypto bets has now cooled, at least for now, as the Fear and Greed Index indicates.
Spot Bitcoin ETFs lost $484.9 million last week on Wednesday, their worst day since June, and another $244.1 million the following day. A $21.1 million inflow on Friday left the funds down a net $386.3 million for October while Ethereum funds extended their outflow streak to nine days, with $635 million out this month.
In terms of catalysts, macroeconomic headwinds have weighed on Bitcoin and the rest of crypto.
Brent crude topped $101 a barrel last week as ship attacks around the Strait of Hormuz piled up, and the 30-year Treasury yield hit 5.70%, its highest since 2002. Stocks, gold and Bitcoin sold off together that day, which points to a macro trade rather than a crypto problem. Brent is trading near $110 today, even after President Donald Trump said the U.S. would not engage in war at least until November.
Oil is an input cost for shipping, manufacturing, farming and travel, so a sustained jump in crude tends to filter into consumer prices. Higher inflation makes it harder for the Federal Reserve to cut interest rates and more likely to raise them, which is the path the central bank's latest minutes describe.
Bond investors respond by demanding higher yields, since inflation erodes the fixed payments Treasuries make. Because the Treasury yield is the benchmark "risk-free" return, a 30-year paying 5.70% pulls money away from riskier bets and raises borrowing costs across the economy. Bitcoin pays no yield and trades alongside stocks as a risk asset, so rising yields and rate-hike expectations tend to push it lower, as they did on Oct. 7.
The background likely explains why the Fear and Greed Index has dropped so much. Traders are more cautious, especially with high risk assets such as Bitcoin.
Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, give Bitcoin a 45% chance of touching $87,500 in October. That is down from 55% on Oct. 7. The odds of Bitcoin reaching $90,000 have slipped to 28% from 36%.
Myriad traders are also now pricing in 56% odds that Bitcoin drops to as low as $80,000, followed by 33% odds for a drop to $77,500 and 20% odds on $75,000.