Crypto Business Weekly: Bitcoin Buys, Mining Loans & Stablecoin Rules

This week in crypto business brought three big stories: a company buying more Bitcoin, mining firms struggling with expensive loans, and a rule change that could treat certain digital coins like real cash.

Strive loads up on Bitcoin

Strive is a company that holds Bitcoin as a reserve asset (think of it like a company storing gold instead of just cash). Last week, it grew its Bitcoin holdings by over 11%.

• Bought 3,311 BTC at around $84,500 each
• Total holdings now reach 32,773 BTC
• This makes it the 5th-largest public company holding Bitcoin

It paid for these using money from warrants (contracts that let investors buy a company's shares at a set price). Investors cashed in $208 million worth. Notably, Bitcoin later traded near $83,300 — slightly *below* what Strive paid, meaning it bought a bit high.

Bitcoin miners face a loan problem

Many Bitcoin miners (companies that run powerful computers to earn Bitcoin) are branching into AI (artificial intelligence) and data centers. But building these costs billions, and lenders are charging very different interest rates based on how risky each project looks.

• IREN borrowed $3.65 billion at 6% interest in June
• Then borrowed $2.4 billion at 9% in August
• Public miners together may need $50 billion for AI plans
• IREN alone faces a $21.1 billion funding gap

Stablecoins could count as cash

A proposed US accounting rule change could let certain stablecoins (digital coins pegged 1-to-1 with the US dollar) count as "cash equivalents" on company books. Right now, they often don't, which can hurt a company's financial health on paper.

To qualify, companies would need direct redemption rights (the guaranteed ability to swap the coin back for real dollars). The public can comment on the proposal until November 19.

The takeaway: Big players keep buying Bitcoin, miners are paying a premium to chase AI growth, and stablecoins may soon earn more respect in corporate finance.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/tokenized-stocks-after-hours-trading-crypto-biz?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound