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MSTR stock tests $150 as Strategy adds 250 BTC and buys back $192M in STRC

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MSTR stock tests $150 as Strategy adds 250 BTC and buys back $192M in STRC


Strategy bought another 250 Bitcoin for $21.5 million during October 5–11, according to its latest update. It also spent $192.4 million repurchasing STRC preferred shares, while MSTR stock traded near $151 on October 12.

The transactions indicate how the company split its spending between Bitcoin acquisition and share buybacks. However, for investors of MSTR, this actually does make a difference because the company repurchases preferred stocks while Strategy issues common stock.

The larger purchase was STRC

Strategy bought back an estimated 1.93 million STRC shares, dedicating almost nine times more funds compared to its Bitcoin acquisitions that week. It disclosed no MSTR common-share repurchases during this period.

STRC is a separate class of stock with its own dividend terms. Buying it back does not directly reduce the number of MSTR common shares.

Strategy sold 125,183 MSTR shares for $21 million [after commissions]. This covered the cost of the Bitcoins. The remaining $500,000 came from the cash holdings. The common share will increase the supply/demand ratio and affect existing shareholders.

The additional Bitcoin brought Strategy’s holdings to 848,250 BTC. Its total acquisition cost stood at about $64 billion, averaging $75,444 per coin, including fees and expenses.

MSTR approaches a nearby support area

At the time of this writing, MSTR traded at around $151.07, down 2.12% from its previous close.

It had reached $158.40 earlier but was trading close to its $150.88 session low. That drop in price follows a broader pullback from its recent highs around the $170 price area.

The immediate area to watch is the $147–$150 price area, where recent candles have found support. Holding there would allow for it to stabilize.

A move back above the $158–$160 price areas would improve the short-term picture, but the recent highs around the $166–$170 price area remain another hurdle.

If MSTR falls below nearby support and fails to recover, attention could shift toward the $134–$138 price zones.

For now, the chart shows that the recent recovery is losing strength.

Final Summary

  • Strategy bought 250 BTC and repurchased STRC preferred shares.
  • MSTR approached $150 support. If it recovers the $158–$160 price areas, it would strengthen its short-term outlook.

 

 



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Tokenized catastrophe bonds target uninsured disaster gap under new Harneys-dropRWA plan

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moneyvests
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Tokenized catastrophe bonds target uninsured disaster gap under new Harneys-dropRWA plan

The proposal builds on a conventional market that has historically been available largely to specialist funds and large institutions. Many catastrophe-bond offerings carry minimum investments of $250,000 or more. Harneys and droppRWA are considering a structure that could accommodate smaller beneficial interests, though it would still need to comply with securities, insurance and investor-protection rules.

Henry Tucker, chief executive of specialist insurance group Hearns, said a tokenized structure does not turn disaster coverage into a casual retail investment. The capital is fully committed to cover a defined insurance risk. “You’re not buying a right to get paid by somebody else who’s bet the other way at the casino,” he told CoinDesk in an interview.

Tucker pointed to flood cover and typhoon protection in Southeast Asia as risks that can be difficult to place with conventional reinsurers, particularly when claims data is limited or loss estimates are uncertain. A specialist underwriter could use a tokenized structure to raise capital for a single defined risk and set out the assumptions and the return offered to investors.

There is a real-world precedent for using catastrophe bonds to finance public disaster protection. The World Bank arranged $200 million of hurricane coverage for Jamaica in May, replacing an earlier transaction that paid out after Hurricane Melissa in 2025. Jamaica’s finance minister, Fayval Williams, called catastrophe bonds “an important piece ensuring capital market access” for the country’s resilience strategy.



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Wormhole crypto price prediction: Can W hold $0.02 after its sharp pullback?

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moneyvests
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Wormhole crypto price prediction: Can W hold $0.02 after its sharp pullback?


Wormhole [W] surpassed the $0.03 level for a brief period on October 12, but much of that had now been slashed. It was found lurking near the $0.02164 at the time of this writing, on its daily chart. This was roughly 32% lower after hitting its intraday high during the just-closed session.

That retreat puts the $0.02 area in focus for the short-term outlook. W still trades above its recent trading range, but its failure to hold higher prices leaves the recovery vulnerable.

W crossed $0.03, but could not stay there

The session’s high reached $0.03175, leaving a long upper wick on the daily candle. What this showed was that W reached that price but traded substantially lower afterward. The candle remained open when the chart was captured.

Trading activity also increased sharply, with the chart recording about 374.8 million W in volume.

Heavy activity alone does not confirm that buyers will regain control. Here, the retreat from the high shows that the surge above the $0.03 level had not held.

In any case, W remained above its major moving averages, which trace average prices over periods. The latest recovery became still visible despite the sharp pullback.

Holding $0.02 comes before another push higher

The nearest watch point is from the $0.0200-$0.0205 price levels after getting near the session low. Holding to it might see W stabilize after the move.

The first sign of recovery to show improvement would be moving back to about $0.0233, and past this level, the $0.0300-$0.03175 price range still stands as the larger hurdle after the failed intraday push.

Wormhole daily price trend chart
Source: TradingView

If W drops below $0.02 and fails to move up to that level again, more attention will move towards the $0.0170-$0.0185 price levels, which was where recent candles were traded before breaking out from them, or else a deeper drop brings an area of the $0.0155-$0.0158 in view.

Futures activity adds another risk

A snapshot taken at the time of this writing showed about $104.26 million worth of unsettled W contracts still floating, according to CoinGlass

The figure does not show whether bullish or bearish traders dominate.

It needs to stay close to support for it to be more believable for the moment than just trading activity.

Final Summary

  • W’s retreat from $0.03175 makes the $0.02 area the immediate level to watch.
  • If $0.0233 can be regained, it would bring about a change in outlook; otherwise, it would leave the door open to $0.0170 and $0.0185.

 

 



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Tom Lee sees $2 trillion wealth transfer fueling crypto rally as Bitmine (BMNR) buys more ether (ETH)

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moneyvests
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Tom Lee sees $2 trillion wealth transfer fueling crypto rally as Bitmine (BMNR) buys more ether (ETH)

Lee also noted Wall Street’s growing use of blockchain technology to represent financial assets, the rise of AI applications and crypto treasury companies holding tokens for the long term as possible drivers of a new rally.

Bitmine inches closer to its 5% ETH goal

Lee’s remarks came alongside Bitmine’s latest crypto holdings update, which showed the ether treasury firm inching closer to its goal of owning 5% of the token’s supply.

Bitmine Immersion Technologies BMNR$23.67 picked up another 12,532 ETH last week, worth roughly $32 million at Monday’s price.

The purchase lifted its holdings to 6,028,946 ETH, worth roughly $15.3 billion. That’s about 4.9% of ether’s 122.1 million token supply, leaving the company some 76,000 ETH short of its goal of owning 5%.

At last week’s pace, Bitmine could hit that target in about six weeks.

Lee said last week the company plans to stop accumulating ETH once it reaches the 5% mark. Since its pivot to an ether-focused strategy in June 2025, the firm said it bought ETH every week.

Bitmine has staked about 5.07 million ETH, or 84% of its holdings, and projects roughly $336 million in annualized staking revenue at current yields.



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Palantir’s (PLTR) Louis Mosley warns Europe is ‘missing the boat’ on AI

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moneyvests
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Palantir's (PLTR) Louis Mosley warns Europe is 'missing the boat' on AI

Palantir (PLTR) head of U.K. and Europe Louis Mosley warned that the region is making the same mistake with artificial intelligence (AI) that it made with the internet.

Where the U.S. “got the internet right,” built a score of businesses and became the backbone of the digital economy, Europe “missed the boat,” Mosley told CoinDesk in an interview.

The divergence between the markets in the decades since has been stark. Europe and the U.S. were roughly comparable 20 years ago on GDP per capita, capital-market depth and the scale of their largest companies. Since then, the U.S. has compounded growth while Europe has barely advanced in comparison.

Previous technology waves produced European champions. The internet wave produced almost none, with ASML (ASML) the rare exception, he said.

“It’s by far and away the largest European company. Which is, it tells you that the value is in tech,” he said.

Mosley, Palantir’s executive vice president for the U.K and Europe, argued AI will be even more consequential. European corporates remain cautious, with an attitude of “This is new, that means it could be risky. I’ll wait and see,” according to Mosley.



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Grass crypto price prediction: Can GRASS reclaim $0.80 after its $0.88 rejection?

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moneyvests
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Grass crypto price prediction: Can GRASS reclaim $0.80 after its $0.88 rejection?


Grass has launched a new service that helps artificial intelligence tools retrieve and read information from public webpages.

It was released following a recovery in GRASS, which has since fallen back from the $0.88 price levels that it reached, and found the sellers taking over to hold the $0.80 price levels.

Grass gives AI agents access to live webpages

The Contents API will, as far as can be established, collect only information from webpages that are publicly available and convert said data into clean text, which can then be assimilated and processed by AI tools. 

What that means is that an AI assistant can read up any information when given a web address by the user. The service also handles pages that normal retrieval software would struggle with, for example, those that rely a lot on JavaScript, according to Grass.

At Grass’s instance, the company had tested the service against 3 competing services used on 100 webpages. As per the report, it retrieved content from 97% of those addresses through its API.

That figure rose to 98% for the group of deliberately difficult websites. Grass also claimed complete coverage across selected e-commerce, social-media, and job-listing sites.

However, these results come from tests run directly by Grass, and Grass itself has not had its work reproduced independently.

The service can be accessed by application. Grass said that customers who apply would need to be screened due to its reliance on the bandwidth it provides.

The launch gives Grass another product aimed at the artificial intelligence market, but it leaves the question of how revenue from the API might benefit GRASS holders or people supplying bandwidth.

Can GRASS recover $0.80?

At press time, GRASS trades near the $0.77 price level, yet it has remained about 5% up over 24 hours.

Sellers have been able to reject its price, even as it climbed as high as $0.88. This has made this level the first level that buyers need to recover.

Interest remained high during the move, as could be seen with the increase in trading volume. It increased by about 179% to $79.85 million, showing that more GRASS were exchanged.

Grass price trend chart
Source: CoinMarketCap

A recovery above the $0.80 level could open another move toward the $0.84 level and the recent $0.88 high. Reaching the $0.90 price level would likely require buyers to clear both of those areas.

On the downside, the region between the $0.75 and $0.77 levels offers the nearest support. If it fails, GRASS could return to about $0.70, where buyers previously stepped in.

Final Summary

  • Grass has launched a working AI product; however, the relationship between that product and the token GRASS remains unclear.
  • GRASS must recover the $0.80 price level before another attempt at $0.88 could become more convincing.

 

 



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