Strive's innovative capital strategy could influence corporate Bitcoin adoption, balancing high-yield dividends with potential market volatility.

The post Strive’s SATA raises enough to buy 143 Bitcoin in 10-day streak appeared first on Crypto Briefing.

Payward's IPO delay underscores the volatility and structural challenges in the crypto market, impacting investor confidence and future listings.

The post Payward delays IPO to second quarter of 2027 at earliest appeared first on Crypto Briefing.

The deployment of advanced AI in cybersecurity could set a precedent for enhanced protection across various critical sectors globally.

The post New York Stock Exchange uses Anthropic’s Project Glasswing to enhance cybersecurity appeared first on Crypto Briefing.

Anthropic's AI collaboration with NYSE may enhance its market valuation and IPO prospects, influencing the cybersecurity landscape.

The post NYSE taps Anthropic’s AI to bolster cybersecurity defenses appeared first on Crypto Briefing.

The surge in DEX volume and TVL indicates growing confidence in DeFi, potentially leading to increased innovation and mainstream adoption.

The post August DEX volume hits highest level since March as TVL climbs $18B appeared first on Crypto Briefing.

Bitcoin Magazine

Mexican Billionaire Ricardo Salinas Tells People To Escape Fiat Inflation With Bitcoin

Mexican billionaire Ricardo Salinas is at it again. 

This time, the third richest man in Mexico told his followers that “fiat inflation is a hidden tax,” and the way to hedge against it was to buy bitcoin. 

Salinas, the former chairman of home appliance and electronics retailer Grupo Elektra and Banco Azteca founder, told his followers to opt out and start protecting their savings. 

“Bitcoin changes one fundamental rule: no one can print more just because they want to,” Salinas said in a video on X on Monday. 

“While you have to work to earn more money, the system can simply create more of it. Don’t be fooled: learn, protect your savings, and defend your freedom, buy bitcoin and hold it.” 

It’s not the first time Salinas has told his followers to be aware of government monetary policy. 

The billionaire posts on X almost daily to millions of followers, and criticizing central bank money creation is one of his recurring themes, appearing in tweets, interviews, conference keynotes, and video messages. 

In recent years, the entrepreneur has stepped up his criticisms of governments — and his praises of bitcoin. Earlier this year admitted he had increased his allocation in the asset from 10% to 70% of his portfolio. 

Salinas’ bitcoin enthusiasm all stems from central bank monetary policy. Speaking at Bitcoin 2022, Salinas described traditional money as “the fiat fraud.”

“What they are doing is printing money out of thin air, and then making fake purchases,” he said of the Federal Reserve. 

The business magnate has also talked about his success in “orange pilling” his friends and family. 

“I convinced my wife to mortgage the house that she has and take a loan to buy bitcoin,” he once boasted in an interview. 

This post Mexican Billionaire Ricardo Salinas Tells People To Escape Fiat Inflation With Bitcoin first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index

A lot of people have heard of Bitcoin but even among those who hold it, knowledge is shallow. 

Though for those holding the leading cryptocurrency, it appears to be solving a problem: getting around failing banking rails or inflation. 

That’s according to new findings from the U.S. Ivy League research university Cornell, which spoke to nearly 26,000 around the globe about Bitcoin. 

In its new Bitcoin Adoption Index report, the top college found that El Salvador, Venezuela and Nigeria were the countries that had the highest number of people who had ever owned bitcoin. 

“Ranked by the share of all respondents who have ever owned bitcoin, the leaders are not wealthy financial centers — they are economies where the national currency has been unstable and everyday access to dollars or reliable banking is hard,” the report read.  

“In each, bitcoin functions less as a speculative bet and more as a practical workaround.” 

Still, Cornell found that actually being able to explain the fundamentals of the protocol was difficult for most — including how many bitcoins would ever be minted in existence. In fact, 58% of those surveyed said they didn’t know the supply was capped at 21 million coins. 

But technicalities aside, the cryptocurrency has still proved helpful to people wanting to use it, the report found. 

One Venezuelan — who wasn’t named — told interviewers that Bitcoin was “faster, cleaner, and much less risky” than other methods of getting dollars in the country. 

While another Salvadoran was quoted saying: “When nobody controls [bitcoin], it means we all have control of it.”

And a Nigerian interviewee reportedly told Cornell researchers: “I’ve been to six African countries and whenever I go there, I don’t fear it because I know I can spend my bitcoin.”

Bitcoin adoption started growing in Venezuela ahead of other countries years ago, when hyperinflation crippled the economy and strict government currency controls meant getting dollars became difficult. 

El Salvador made bitcoin legal tender — along with the dollar — in 2021. The country’s leader admitted that getting its citizens to use the cryptocurrency was difficult but the Central American nation still says it buys the asset for its government coffers. 

In Nigeria, which has had some of the highest transaction volumes in the world, saving in bitcoin has been used by some to get around the collapse of the naira.

Cornell University’s research was fielded by Morning Consult in partnership with the Tech Policy Institute in Cornell University’s Jeb E. Brooks School of Public Policy, the Cornell Bitcoin Club, the Human Rights Foundation and the Reynolds Foundation.

Researchers interviewed 25,880 people in 25 countries between December 16, 2024 to March 10, 2025, asking 125 individual questions. 

This post When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Capital B Raises €7.6M From Adam Back to Fund Another Bitcoin Buy

Top bitcoiner Adam Back has invested €7.6 million ($8.8 million) in Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company. 

The company said Wednesday that the investment will be used to buy more bitcoin. Adam Back is the CEO of bitcoin infrastructure company Blockstream, and one of the biggest and well-known figures in the space 

Capital B’s announcement comes after the company last week said it had raised €21 million ($24 million) in a private placement backed by Blockstream’s Adam Back and asset manager TOBAM.

“The proceeds of the Private Placement will be used primarily to strengthen Capital B’s balance sheet through the accumulation of bitcoin as a long-term reserve asset,” the company said in a statement. 

“This capital increase is a key step in implementing the company’s Bitcoin Treasury Company strategy, focused on increasing the number of bitcoin per share on a fully diluted basis over time.”

It added that the placement would fund it buying 376 additional bitcoins, taking its potential holdings to 3,521 coins from its current stash of 3,145.

Capital B is the 26th biggest publicly traded bitcoin treasury in the world, according to Bitcoin Treasuries, with a total of 3,145 bitcoins in its coffers — worth $242 million at today’s bitcoin price of $76,959. 

Capital B built much of that position through fundraising rounds during the first half of 2026. 

In May, it acquired 192 coins for €13 million after completing three capital raises.

Capital B’s is trying to build a bigger bitcoin position as other treasuries look to raise funds and accelerate their buys. 

NYSE-listed AI-powered education company Genius Group last week said it was aiming to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, after the company sold its entire bitcoin reserves to repay $8.5 million in debt. 

The Bitcoin treasury model has taken a hit since last year when the price of the leading cryptocurrency took a hit. 

A number of companies in the space have had to liquidate their holdings — including the biggest corporate holder of bitcoin, Nasdaq-listed Strategy.

This post Capital B Raises €7.6M From Adam Back to Fund Another Bitcoin Buy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

The Quantum Issue: Letter From The Editor

Quantum this, quantum that…who put a stupid cat on-chain!?

Ahem. 

Alright, let’s be serious. The threat that a viable, actually functioning, quantum computer would pose to Bitcoin if it were to be built is very serious. It is the concrete example of an existential threat, in every sense of the word. 

One of the bedrock foundations that Bitcoin rests upon is the assumption of a functioning cryptographic system that can be used to produce unforgeable signatures, i.e. that if you follow that system’s protocol properly when signing things, there is no way that anyone but a bitcoin’s rightful owner could produce a signature needed to spend it unless the rightful owner failed to secure their private key from theft. 

Quantum computers toss that right out the window. There goes the integrity of the entire mechanism that is used for owners of bitcoin to authenticate their ownership for the protocol to process their legitimately authorized transactions, and ONLY their legitimately authorized transactions. There’s no way for anyone to actually own anything in the context of the Bitcoin protocol if that assumption breaks. 

Bitcoin breaks if that assumption breaks. 

Thankfully, there are many different cryptographic systems that exist, and not all of them rest on assumptions that a quantum computer breaks. That’s the good news. The bad news is that its all a set of tradeoffs, none of them are ideal, and there are going to be some hard choices that have to be made. 

But there are solutions to just about every one of the problems that a viable quantum computer would create…except the problem of choosing which solutions to use. So in light of that, here is The Quantum Issue. 

This issue is a lot more structured than most past issues, and that is to ensure that it guides a reader through the entirety of the problem space and solution space without assuming any prior understanding (this is a very deep and technical subject). 

The first set of articles goes through the general issue of quantum computing itself, how it differs from classical computing, why that matters, how likely it is one is developed soon, etc.

The second set examines Bitcoin’s exposure. How is it exposed? How badly is it exposed? How can that degree of exposure change? 

The third set examines concrete (or developed enough to not be too hard to get to a concrete place) solutions to securing your bitcoin in a quantum safe way, and handling a network wide migration to those solutions. 

Don’t miss your chance to own The Quantum Issue — featuring articles written by many influential figures in the space working on the necessary pieces for a post-quantum Bitcoin!

This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Quantum Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

This post The Quantum Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi.

Bitcoin Magazine

Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’ 

The CEO of bitcoin treasury Strategy brushed off concerns investors may have about the company selling some of its stash, instead telling reporters that the move was to strengthen its balance sheet. 

Speaking to Bloomberg on Tuesday, Phong Le said that the company now has a “bullet-proof balance sheet” and it was the “right trade at the time” to sell bitcoin when it did. 

Strategy, the largest corporate holder of bitcoin, restarted its buying the cryptocurrency on Monday after a 10-week pause. After halting its buys in June, it instead sold small amounts of its bitcoin and built two cash reserves. 

“We don’t really make decisions specifically on bitcoin’s price,” Le said. 

He added: “We’re a net accumulator, and so I don’t sit around and say, ‘Well, when am I going to sell Bitcoin next?’ It comes down to a bit of a capital management mathematical equation of when we would do it.”

“I don’t foresee us selling bitcoin as we enter into what I consider a pretty heavy bull market.” 

Strategy — formerly MicroStrategy — is an enterprise software company that pivoted to buying and holding bitcoin in 2020. 

It first bought the cryptocurrency to protect its shareholders from inflation but has since aggressively bought the asset and pivoted to being a bitcoin treasury. It is now the largest corporate holder of the cryptocurrency, with 845,050 bitcoins worth $65.1 billion at today’s prices. 

Investors can buy Strategy’s Nasdaq-listed stock (MSTR) to get heightened exposure to bitcoin’s performance. 

This year, Strategy has bought back some of its preferred stock, STRC, which is trading at a discount, and increasing its dollar cushion.  

In the company’s quarterly earnings in July, Strategy posted a $8.22 billion loss. But Le said the firm’s current paper loss wasn’t important for the time being, and that next year, its stock would soar again. 

“We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation,” Le said. 

Strategy stock (NASDAQ: MSTR) was trading 2% lower on Wednesday. Year-to-date, the stock is down 22%.

This post Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.

Phong Le said Strategy’s cost of capital—not Bitcoin’s price—drove its decision to sell nearly 7,000 BTC before resuming purchases above $80,000.

Bitcoin traders are calling August's spike-and-fade a Bart Simpson hairline. Here's what separates an actual flash crash from an ordinary correction.

Groups including The Crypto Council for Innovation, Grayscale, and a16z urged the regulator to preserve existing fund classifications and streamline reviews for new exchange-traded products.

The unreleased model can find zero-day vulnerabilities and chain them into working exploits without a human walking it through each step, and access to that capability is starting with a small group of testers.

Tether’s USDT ecosystem is expanding to Stellar, giving users access to more than $180 billion in stablecoin liquidity through USDT0.

Trading activity on the XRP Ledger surged in the second quarter, with average daily order-book volume rising 79% from a year earlier even as the number of accounts executing trades fell.

Bitcoin is breaking out of its bear market as giant buyers completely absorb the retail panic.

Kalshi traders are betting on Bitcoin reaching a high of $82,000 this month, amid growing expectations for another price recovery across major assets.

Former Ripple CTO backs Tether's $42 million warrantless freeze in SDNY lawsuit, warning of massive anti-money laundering risks.

TLDR

• Wise sets its Q2 FY27 trading update for October 15 after the US market close.
• WSE stock rises 1.31% as Wise outlines its next major financial reporting dates.
• Wise will report H1 FY27 results on November 12 after the US market closes.
• CFO Emmanuel Thomassin will speak at Goldman Sachs on September 8 in California.
• Wise processed over $240 billion in cross-border transactions during fiscal 2026.

Wise Group plc (WSE) shares traded at $13.11, up 1.31%, as the company set several key reporting dates. Wise will release its Q2 FY27 trading update on October 15 after the US market closes . The update will return attention to transaction growth, customer activity, and operating progress across its expanding global payments network.

Wise Group plc Class A Ordinary Shares, WSE

Wise Q2 FY27 Trading Update Sets October Focus

Wise will publish its second-quarter trading update on Thursday, October 15, after the US market closes for regular trading. The company will then host a results call at 4:30 p.m. ET on the same day for participants. That schedule gives shareholders a fresh operating snapshot before Wise reports its broader half-year financial performance during November.

The October update will cover a period following strong activity across Wise’s international money transfer and account services business. Wise supported about 19 million people and businesses during fiscal year 2026 across its growing international financial technology platform. The company also processed more than $240 billion in cross-border transactions during that fiscal year across its expanding network.

Those figures provide useful context for the upcoming trading update because Wise continues expanding its payments and account network globally. The company serves consumers, small businesses, large companies, and banks through several products and infrastructure services across multiple markets. The he October release will show how transaction activity developed as Wise entered its new fiscal year and reporting cycle.

Wise CFO Heads to Goldman Sachs Conference

Before the October release, Chief Financial Officer Emmanuel Thomassin will attend a major technology and communications conference next week. Thomassin will present at the Goldman Sachs Communacopia and Technology Conference on Tuesday, September 8, during the scheduled program. The presentation starts at 1:00 p.m. PT and 4:00 p.m. ET, giving Wise another public appearance.

The conference appearance gives Wise another scheduled corporate event before the company issues its second-quarter trading update in October. Wise has not announced separate financial results for the event, and the presentation remains part of its corporate calendar. The event therefore adds another corporate milestone between the current reporting period and the company’s October trading announcement.

Wise will stream the conference presentation through its Owner Relations website alongside its other scheduled corporate events and financial materials. The company will also provide related materials on the same platform when those documents become available for public viewing. Wise plans to keep event replays and supporting presentation materials available through the website for at least 30 days afterward.

H1 FY27 Results Extend Wise Reporting Calendar

Wise will release its first-half fiscal 2027 results on Thursday, November 12, after the US market closes for regular trading. Management will host another conference call at 4:30 p.m. ET following the results announcement on the same day. That report will provide more complete financial detail than the earlier October trading update covering the second quarter period.

The half-year results will follow Wise’s fiscal 2026 performance, which showed continued scale across its international payments and accounts business. During that year, Wise helped customers save more than $3 billion through its cross-border money services and pricing structure. The company also continued supporting accounts that allow customers to hold and manage 40 different currencies within one platform.

Wise has developed into a large technology platform for international money movement and financial account services. Wise offers Wise Account and Wise Business, while companies and financial institutions use its infrastructure services across multiple countries. These services connect users across countries while supporting transfers, spending, currency holding, and other international payment needs through Wise.

The post Wise Group plc (WSE) Stock: October Trading Update Puts Growth Back in Focus appeared first on Blockonomi.

TLDR

• LivePerson shareholders approve the SoundHound AI deal ahead of its closing.
• LPSN stock trades at $3.12 as the deal advances toward its planned closing.
• LivePerson and SoundHound AI expect the transaction to close on September 4.
• LivePerson will report certified shareholder voting results through Form 8-K.
• The approved deal would place LivePerson within SoundHound AI’s larger business.

LivePerson stock traded at $3.12 after shareholders approved the proposed transaction with SoundHound AI at a special meeting. The shares gained $0.14 as the vote moved the planned combination toward its expected September 4 closing. The approval clears a major corporate step, while customary closing conditions still remain before completion.

LivePerson, Inc., LPSN

Shareholder Vote Advances SoundHound AI Transaction

LivePerson shareholders approved the proposed SoundHound AI transaction during the company’s special meeting held on September 2. The vote gives LivePerson authority to continue the transaction under terms the company previously presented to shareholders. The company can now focus on completing the remaining steps required before the planned closing.

LivePerson expects the transaction to close on September 4 if both companies satisfy or waive customary closing conditions. The company will also disclose certified voting results through a Form 8-K filing with the Securities and Exchange Commission. That filing will provide the formal record of shareholder participation and final voting totals from the special meeting.

The approval brings the transaction closer to completion after both companies advanced the proposed combination through the required shareholder process. SoundHound AI and LivePerson operate in conversational technology, although they serve customers through different products and business structures. As a result, the planned deal brings together two established platforms serving enterprise communication and automated customer engagement markets.

LivePerson Deal Adds Scale to Conversational Technology Business

LivePerson provides conversational technology tools that help large companies communicate with customers across digital channels and service operations. Its Conversational Cloud and Syntrix platforms support customer engagement, data analysis, workforce training, and automated service evaluation. The company says its systems handle nearly one billion messages each month across its customer network.

SoundHound AI has expanded beyond voice technology and now targets several commercial markets through conversational and enterprise software products. The combination would broaden operating scale while bringing both customer bases and technology portfolios under one corporate structure. The transaction could increase the combined company’s reach across customer service, voice interfaces, and enterprise communication applications.

LivePerson has positioned the transaction as a way to strengthen its standing while operating within a larger technology business. The company also expects the combination to improve its ability to serve customers and partners across larger deployments. The immediate corporate focus remains on completing the agreed transaction and satisfying the remaining closing requirements.

Closing Process Moves Toward September 4 Target

The September 4 target gives both companies a short window to complete remaining administrative and legal requirements. Customary conditions can include regulatory steps, corporate documentation, and other obligations contained within the definitive transaction agreement. LivePerson has not announced any new condition that would change the expected closing timetable stated after the shareholder vote.

The upcoming Form 8-K will provide another formal update by reporting the certified results from the September 2 meeting. That filing should confirm how shareholders voted on the proposed transaction and other matters presented during the meeting. It will also create a public regulatory record of the approval before the companies complete the planned combination.

The shareholder decision marks an important milestone for LivePerson after years of operating as an independent conversational technology provider. The company built its business around digital customer engagement and tools designed for large corporate users. LivePerson also developed enterprise messaging operations that support large communication volumes across multiple customer service channels.

The post LivePerson (LPSN) Stock: Investors Back SoundHound AI Acquisition Deal appeared first on Blockonomi.

TLDR

• Uber plans to cut 10% of its workforce as it reshapes operations and staffing
• UBER stock gains 1.75% to $76.56 while the company announces major job cuts
• Uber targets middle management as it works to simplify teams and reduce layers
• Uber plans to limit remote work to about 1% of employees under its new policy
• The restructuring aims to reduce costs and direct resources toward future growth

Uber (UBER)  shares trade at $76.56, up 1.75%, as the company prepares to cut 10% of its workforce. The stock has rebounded from $75.50, while $77.00 remains the nearby resistance level. Meanwhile, Uber plans the workforce reduction as part of a broader effort to simplify its structure.

Uber Technologies, Inc., UBER

The company employed about 36,600 people globally as of June 30, according to its public filing. Therefore, a 10% reduction would affect roughly 3,660 positions if applied across the workforce. However, the company has not said that every job category will face equal reductions.

Uber has not linked the workforce cuts to artificial intelligence, despite growing debate about technology and employment. Instead, the company plans changes across management, team structures, locations, and workplace arrangements. Consequently, the restructuring targets how Uber organizes its employees and allocates resources.

Uber Targets Management Layers

Uber plans to reduce middle management and remove small teams with limited reporting structures. Some managers oversee only one or two employees, creating additional management layers within the organization. The company is therefore targeting structures that add coordination without supporting larger teams.

Uber has also reduced the number of employees positioned at least seven layers below its chief executive. That group has declined by 20% as the company moves toward a flatter organizational structure. Additionally, the changes aim to give teams clearer responsibilities and reduce internal coordination.

The restructuring also changes Uber’s workplace policy for most employees. Under the new arrangement, only about 1% of employees will work remotely, according to the company. As a result, most employees will return to company offices as Uber changes how teams operate.

Uber Seeks Leaner Operations and More Investment

Uber says the restructuring will simplify operations and speed up internal decisions. The company also expects the changes to create savings that it can direct toward growth and new products. Moreover, Uber plans to focus employees and spending on areas it considers important for future expansion.

The company said the workforce reduction does not reflect weaker business performance. Uber continues to add products while operating at a larger scale than in previous years. Uber significantly expanded its workforce in recent years.

The latest changes address organizational structures that Uber says no longer fit its current size. The company will remove layers, adjust its global location strategy, and simplify team structures. Meanwhile, UBER shares remain above $76.00, leaving $77.00 as the next key price level on the chart.

The post Uber (UBER) Stock: Cuts 10% of Workforce as It Reshapes Operations appeared first on Blockonomi.

TLDR

• New Jersey has asked the U.S. Supreme Court to review who has authority over prediction markets and sports-related event contracts.
• The state is challenging an April Third Circuit ruling that placed Kalshi’s contracts under federal commodities law.
• The Ninth Circuit recently reached a different conclusion, creating a split between federal appeals courts over prediction market regulation.
• New Jersey argues that sports event contracts should remain subject to state gambling laws, even when offered through CFTC-registered platforms.
• Kalshi maintains that it operates as a nationwide financial exchange and says federal CFTC oversight should preempt state rules.

New Jersey has asked the U.S. Supreme Court to settle a growing legal fight over prediction markets and sports-related event contracts. The state wants the court to decide whether federal commodities law blocks states from applying their own gambling rules to these platforms.

The petition follows conflicting federal appeals court rulings that have created uncertainty over who should regulate prediction markets. New Jersey argues that states should retain authority over sports betting within their borders, while Kalshi says federal law gives the Commodity Futures Trading Commission exclusive control.

New Jersey Challenges Prediction Markets Ruling

New Jersey asked the Supreme Court to review an April decision from the Third U.S. Circuit Court of Appeals. That court ruled that Kalshi’s event contracts fall under the Commodity Exchange Act and that federal law preempts New Jersey gambling rules.

Attorney General Jennifer Davenport said prediction market firms should not avoid state sports-betting laws simply by operating on a CFTC-registered exchange. New Jersey’s petition argues that Congress did not remove state authority over sports wagering when it passed the Dodd-Frank Act in 2010.

The legal dispute widened after the Ninth U.S. Circuit Court of Appeals reached a different view last week. That court said the Commodity Exchange Act likely does not preempt Nevada rules covering sports-related event contracts.

The Ninth Circuit also rejected requests from Kalshi and Crypto.com for relief against the Nevada Gaming Control Board. Its ruling conflicts with the Third Circuit decision, creating a split between federal appeals courts over how sports contracts should be classified and regulated.

Supreme Court Review Remains Uncertain

Kalshi said it disagrees with New Jersey’s filing and continues to view itself as a nationwide financial exchange. Company spokeswoman Dani Lever said the platform cannot operate under 50 separate regulatory systems and argued that the CFTC has exclusive jurisdiction.

A Supreme Court review is not guaranteed. The justices receive many petitions each term and may wait for more lower courts to rule. Bank of America said the court could delay action until next year because other federal cases remain pending.

The dispute has also drawn support from many state officials. Forty-four state attorneys general say sports event contracts amount to sports betting and should remain under state oversight.

Shares of DraftKings and Flutter Entertainment, FanDuel’s parent company, rose more than 5% after New Jersey filed its petition during trading following the legal development Tuesday.

The post New Jersey Takes Prediction Markets Fight to Supreme Court appeared first on Blockonomi.

TLDR

• Nakamoto held 4,467 Bitcoin worth about $343.2 million, far above its roughly $126.2 million market capitalization.
• The company posted a $133 million net loss in Q2 2026, following a $238.8 million loss in the previous quarter.
• About 3,805 Bitcoin are pledged as collateral, while Nakamoto reported total debt of $164.7 million.
• Nakamoto bought Bitcoin at an average price of $118,204, leaving much of its treasury below the original purchase level.
• Adjusted operating income reached $7.3 million, marking the company’s first positive adjusted operating result as a Bitcoin-focused business.
• Media and information services generated $25.1 million in revenue, including $22.6 million from the Bitcoin 2026 conference.

Nakamoto trades at a discount to its Bitcoin holdings after a fall in its share price and quarterly losses. The company, chaired by President Donald Trump crypto adviser David Bailey, held 4,467 Bitcoin worth $343.2 million on September 2. Its market value stood near $126.2 million on September 1, according to Yahoo Finance.

Nakamoto Reports $133 Million Quarterly Loss

Nakamoto reported a $133.0 million net loss for the second quarter of 2026, after losing $238.8 million in the first quarter. Revenue reached $35.9 million, while the company recorded a $149.1 million operating loss. Shares closed at $7.05 on September 1, down 5.87% for the session.

Two non-cash charges drove most of the loss. The company recorded $105.2 million in goodwill write-downs and $48.7 million in losses on digital assets. Excluding those items, adjusted operating income reached $7.3 million, the first positive result since Nakamoto became a Bitcoin operating company.

Bitcoin Holdings Back Large Debt Load

BitcoinTreasuries data shows Nakamoto held 4,467 Bitcoin, with 3,805 coins pledged as collateral. Total debt stood at $164.7 million, while cash reached $19.1 million. The company reported a 56% net leverage to digital assets ratio.

During the quarter, Nakamoto repaid 45 million USDT of a Bitcoin-backed loan. It funded most of the repayment by selling about 600 Bitcoin and derivative positions for roughly $48 million. The company also extended about 105 million USDT of principal to June 30, 2027.

Share Price Collapse Follows Bitcoin Strategy

Nakamoto built its strategy around issuing shares and using the proceeds to buy Bitcoin. The model works best when the stock trades above the value of its Bitcoin holdings. The current discount makes that approach harder to maintain.

The company bought 5,743 Bitcoin for about $679 million after its merger with KindlyMD in August 2025. The average purchase price was $118,204 per coin. Bitcoin later fell below $60,000 before recovering toward $80,000, leaving much of the treasury below its purchase price.

Media Business Drives Revenue

Nakamoto completed the closure of its healthcare clinics in June and shifted toward Bitcoin, media, and asset management. Media and information services generated $25.1 million of revenue, including $22.6 million from the Bitcoin 2026 conference.

The company acquired BTC Inc and UTXO Management in February for $107 million in stock. Those businesses now provide operating revenue. The board also approved a share repurchase programme of up to $25 million.

The post Nakamoto Stock Slumps as Bitcoin Strategy Strains appeared first on Blockonomi.