Strategy (MSTR) , the largest corporate holder of bitcoin, plans to raise as much as $4.2 billion through sales of a newly issued preferred stock series, according to a Thursday filing with the U.S. Securities and Exchange Commission.

The offering comes just days after the company sold nearly $2.5 billion worth of STRC, or "stretch," to investors and the stock debuted trading on the Nasdaq Global Select Market. The shares pay a 9% variable dividend, adjustable at the company’s discretion to maintain market price stability.

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The filing also coincided with the firm reporting second-quarter net income of $10 billion driven by bitcoin's price gains during the quarter.

Read more: Strategy Earned $10B in Q2 on Back of Bitcoin Price Gain

Strategy (MSTR) News: Company to Sell Up to $4.2B in Preferred Stock STRC

The digital asset management giant Grayscale has launched a new trust for a mid-cap altcoin that has doubled its value in the past month.

Grayscale’s new Story Trust provides accredited investors with exposure to Story (IP), a layer-1 blockchain network focused on intellectual property.

Story launched in February and aims to provide a scalable intellectual property solution on a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. The project also brings real-world data to artificial intelligence (AI) systems, including robots, surgical assistants and autonomous vehicles.

Story’s native asset, IP, is trading at $5.95 at time of writing. The 69th-ranked crypto asset by market cap is down more than 2% in the past 24 hours but up more than 8% in the past seven days and more than 100% in the past month.

Rayhaneh Sharif-Askary, Grayscale’s head of product and research, says the asset manager’s new trust reflects Story’s technological potential.

“Grayscale Story Trust gives investors exposure to a protocol shaping the foundational intellectual property layer for the information and AI era. That includes not just creative content, but real-world data – the force powering one of today’s most advanced intelligent systems.”

The trust is solely invested in the IP token.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Giant Grayscale Rolls Out New Trust for Mid-Cap Altcoin That’s up More Than 100% in the Past Month

A firm that specializes in allowing people to compare insurance quotes is preparing to hand $19 million to Americans in a new settlement.

QuoteWizard is accused of violating the Telephone Consumer Protection Act (TCPA) by sending text message solicitations to people on the National Do Not Call Registry.

According to the settlement, QuoteWizard is preparing to pay the $19 million without admitting guilt, and the deadline for people to exclude and object to their share is August 5th.

The case was filed by lead plaintiff Joseph Mantha back in 2019, and the final settlement approval hearing is set for September 29th.

No claim form is required for payments, and class members will automatically be paid as long as they don’t exclude themselves.

Class members are expected to receive a minimum of $76 per person, and a dedicated website and toll-free number will be launched with additional details.

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Online Insurance Platform Handing $19,000,000 To Americans To Settle Allegations of Text Message Harassment

The founder and CEO of digital asset investment firm BKCM, Brian Kelly, believes Bitcoin (BTC) could skyrocket by triple-digit percentage points if a core use case is heavily adopted.

In an interview on the RiskReversal Media YouTube channel, Kelly says Bitcoin could explode by around 600% from the current level if the crypto king reaches the current market cap of gold.

“Let’s just say all you do is use it [Bitcoin] as a substitute for gold. That’s one use case among many others… …and it takes over gold.

I think the market cap of gold right now is somewhere around $15 trillion… …and Bitcoin is at what? $2.5 trillion. Something like that. $2.5 trillion to $15 [trillion]. That’s a 7x, right? So, that’s not bad.”

Bitcoin is trading at $115,580 at time of writing, down by around 6% from the all-time high reached in mid-July.

According to the digital asset investor, Bitcoin is the “most important innovation in the last 600 years of financial history.”

“It is the equivalent of the Medicis [Italian banking family]… …the Medicis started using double-entry accounting. That’s what they pioneered. And they developed basically our modern financial system, [which] is double entry accounting with a bunch of big institutions on either side. Bitcoin comes along and just automates that all.

So when I look at any other asset, any other industry out there that got disrupted by software, which is all that Bitcoin is… If I look at what happened to the post office when email came around, what happened to media when YouTube came around, what happened to radio programs when podcasts came around, they all got completely disrupted.

And that’s what you’re speculating on – that Bitcoin is going to disrupt the financial inner workings as we know it. And the technology behind Bitcoin, and the currency behind Bitcoin, will be used as this new, improved financial plumbing.”

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Investor Brian Kelly Outlines Bitcoin’s Path to a Potential 7x Rally, Calls BTC the Most Important Financial ‘Innovation’ in 600 Years

Dan Ives, the global head of technology research at Wedbush Securities, predicts that one big tech company’s market cap will hit $5 trillion next year.

In a new CNBC Television interview, the investor says that the current market cap of Microsoft (MSFT) will soar by more than $1.1 trillion by the end of next year, after the company’s latest earnings came in this week.

“We think Microsoft’s going to be a $5 trillion market cap in 2026 … when I look at what [Microsoft CEO Satya] Nadella is doing in terms of the cloud strategy, those are [cloud computing platform] Azure numbers that were beyond bull case…

When you think about the big tech growth story in the AI (artificial intelligence) revolution, this is just the next phase of growth that’s now going to the second, third, fourth derivative.”

Microsoft has a market cap of $3.896 trillion and is trading for $524 per share at time of writing. Meanwhile, Nvidia is trading for $173 per share at time of writing and has a market cap of $4.23 trillion.

Next up, Ives warns that while Apple’s earnings this week showed promise, the company is falling behind when it comes to AI.

“Right now, [Apple’s] essentially on a park bench drinking lemonade, watching the AI revolution go forward… It was a robust quarter. I mean, you look at the demand bounce back that we saw in China, 4% growth…

But the elephant in the room is AI… Investors want to see them now change the status quo.”

Meanwhile, Ives believes Amazon’s profits will continue to increase.

“If you look at AWS (Amazon Web Services), strong. You look at ultimately guidance, I mean guidance from a top-line perspective, I believe it’s pretty robust. I actually believe this is sort of the renaissance of growth that’s about to happen at Amazon.”

Apple has a market cap of $3.02 trillion and is trading for $202 per share at time of writing. Meanwhile, Amazon is trading for $214 per share at time of writing and has a market cap of $2.28 trillion.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Analyst Dan Ives Predicts This Tech Giant Will Hit $5,000,000,000,000 Market Cap in 2026 – and It’s Not Wall Street Darling Nvidia

New data from senior Bloomberg analyst Eric Balchunas reveals that US crypto ETFs (exchange-traded funds) beat out Vanguard’s renowned S&P 500 ETF (VOO) in July.

In a new thread on the social media platform X, Balchunas notes that US crypto ETFs had a staggering $12.8 billion worth of inflows in July, outpacing all other ETFs, including VOO, which currently has $713.13 billion in assets under its management.

“US Crypto ETFs took in $12.8 billion in July, the best month ever, [at] a $600m/day pace, about double [the] average. As a group, that’s more than any single ETF did, including the Mighty VOO.

Further, every ETF in [the] category took in cash (ex the converted trusts) w/ Bitcoin and Ether making equal contributions. Most all-around dominant performance since the Eagles ended the Chiefs in the Super Bowl. Will be hard to top.”

The analyst goes on to say that asset management titan BlackRock’s iShares Bitcoin Trust ETF (IBIT) is doing well and drawing in new customers.

“Amazing stat: 75% of the investors who bought IBIT ($87 billion via one million people) were first-time customers of BlackRock. And 27% of them went on to buy another iShares ETF. Just a total coup for BLK all around.”

According to Balchunas, IBIT – which launched in January 2024 – had a significant hand in Bitcoin’s (BTC) massive price growth over the last two years.

“1) ETFs hold BTC at a 1:1 ratio. There is no lending, there is no paper IOUs. ETFs are clean and above board and every dime of AUM is connected to the proportional Bitcoin.

2) Zoom out: Bitcoin is up nearly 300%(!) since the infamous BlackRock filing two years ago. ETF flows big part of that.

3) From what I am hearing on here, the selling is annoyed OGs who don’t like that Wall St. and the government has adopted BTC. I guess they prefer BTC to have intermediaries like Sam Bankman-Fraud instead.”

Bitcoin is trading for $113,763 at time of writing, a 3.2% decrease on the day while IBIT and VOO are valued at $64.27 and $572, respectively.

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US Crypto Exchange-Traded Funds Beat Out Vanguard’s Legendary S&P 500 ETF in Record-Setting Month of Inflows: Analyst

A couple once respected as local celebrities in their community is now charged with running an extensive web of scams that defrauded up to 100 victims of over $4 million.

Bollywood singers and socialites Sidhartha “Sammy” Mukherjee and his wife Sunita were arrested in June by federal investigators for first-degree felony theft, CBS reports.

Said an alleged victim of the Mukherjees,

“They will make you believe that they are very successful businesspeople… But they will take every single penny you have.”

The alleged victims say the Mukherjees convinced them to invest in supposedly legitimate real estate deals that were supposed to bring high returns.

Ultimately, though, dividend checks from the Mukherjees started to bounce, and many or most of the projects turned out not to even exist.

One couple approached seasoned white-collar crime investigator Brian Brennan when they lost $325,000, allegedly to one of the Mukherjees’ schemes.

Says Brennan,

“As I got into the case and dug into it, we realized that this was a lot larger than what initially was reported.”

The Mukherjees had convinced multiple alleged victims to invest in lucrative real estate remodeling projects.

But, as Brennan began unearthing the Mukherjees’ banking records and other documents, the detective discovered that the “permits” that the couple had obtained for their remodeling projects were fraudulent, likely fabricated by Sammy on his home computer.

“…All of the paperwork, receipt and email correspondence were forged… All fake… The level of counterfeit documents … it had to be a full-time job for him to do that.”

And the couple’s alleged fraud went beyond real estate, according to investigators.

The Mukherjees also created a fake company with made-up employees to apply for federal Paycheck Protection Program (PPP) loans.

Feds reportedly asked Sammy Mukherjee if he recognized the names “Richard Jackson,” “Nikki Reynolds” and “Mike Summerville.” Mukherjee said the names didn’t ring a bell despite them being listed on a payroll form that he submitted in his PPP loan application.

Investigators also found that checks had been deposited into the Mukherjees’ bank accounts that came “from defrauding elderly folks [who were] scammed out of monies responding to threatening emails about arrest.”

Says Brennan,

“In [my] 23 years, [Sammy Mukherjee] is probably the most prolific fraudster I’ve seen… Tentacles going in all different directions.”

In Sammy Mukherjee’s hometown of Mumbai, India, there are reportedly outstanding fraud warrants for him.

Unfortunately, Brennan says the alleged victims’ money is likely gone, spent on the Mukherjees’ cars, houses and living expenses.

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Couple Pulls Off ‘Prolific’ $4,000,000 Fraud With Scams Against The Elderly, Real Estate Schemes, Fraudulent PPP Loans and More: Report

Goldman Sachs executive Anshul Sehgal is optimistic about the global economic situation and the equities market.

Sehgal, Goldman’s global co-head of fixed income, currency and commodities, says he’s still long on stocks.

“I think stocks are still very undervalued. You look at the earnings that came out in the last 24 hours, they are blockbuster good. You’re looking at two things that are playing out right now. Obviously, the AI CapEx boom, that’s contributing to GDP today. And conceivably because I’m a believer in the technology, I suspect over the next five to ten years it’s the AI deployment that will add to GDP.

So definitely long stocks. Long the dollar. Long carry because rates aren’t going anywhere. So long mortgage basis. Long US treasuries and asset swap. Short options on rates. Combination of carry strategies.”

Sehgal believes President Donald Trump’s One Big Beautiful Bill could work in conjunction with artificial intelligence and robotics to unleash a domestic credit boom.

“If you’re looking at a credit boom, especially a productive credit boom because that credit is being created and deployed into emergent technologies that have the potential to change the world, then essentially what ends up happening — and that’s how we’re viewing it — is that all of this accrues a lot more to US stocks than it does to other forms of investment. And when you look at it top down from that perspective, stocks continue to look very cheap to us.”

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‘Definitely Long Stocks’: Goldman Sachs Executive Outlines Trading Strategy on Equities, Currencies and Treasuries

As of the time of writing, according to CoinDesk Data, BTC was trading at around $113,648, down 1.4% in the past 24 hours. ETH, XRP, SOL and DOGE posted steeper declines, with ETH down 3.7% to $3,503, XRP off 1.5% at $2.94, SOL down 2.7% at $164.13 and DOGE dropping 3.7% to $0.1993. The downturn followed a string of economic and geopolitical shocks on Friday that rattled investor sentiment across both equity and digital asset markets.

U.S. stocks also closed sharply lower on Friday, with the Dow down 1.23%, the S&P 500 off 1.6%, and the Nasdaq Composite plunging 2.24% as traders digested a disappointing jobs report, heightened tensions with Russia and the possibility of emergency monetary easing.

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The July jobs report was a Disaster — and a surprise

The U.S. Bureau of Labor Statistics (BLS) reported Friday that the U.S. economy added just 73,000 jobs in July — well below expectations. More troubling, however, was a downward revision of 258,000 jobs to the combined May and June totals, effectively erasing most of the labor market gains previously reported for the second quarter.

The unemployment rate remained at 4.2%, but long-term unemployment climbed by 179,000 to 1.8 million. The number of new entrants to the job market jumped by 275,000, indicating more Americans are looking for work but struggling to find it. Labor force participation held steady at 62.2%, while the employment-to-population ratio ticked down year over year.

Although job growth continued in health care and social assistance, employment across most major industries — including manufacturing, construction, financial services and tech —showed little to no change. Markets interpreted the data as a clear signal that the labor market is weakening faster than expected.

Trump accuses BLS commissioner of election interference, orders chief fired

President Trump responded swiftly and publicly to the jobs report, posting a scathing message on Truth Social that accused Bureau of Labor Statistics Commissioner Erika McEntarfer — a Biden appointee — of manipulating employment data in the run-up to the 2024 election.

“This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election,” Trump wrote. “These were Records — No one can be that wrong?”

He added: “I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY.”

The post alarmed investors, who viewed the rhetoric as a politicization of U.S. statistical institutions. The removal of a federal official responsible for economic data, based on claims of election-related bias, added to Friday’s volatility, especially for rate-sensitive and risk-on assets like crypto.

Trump’s nuclear submarine post escalates Russia tensions

Later Friday, Trump again took to Truth Social, this time revealing that he had ordered two U.S. nuclear submarines to reposition in response to recent remarks by Dmitry Medvedev, the former Russian president and current deputy chairman of Russia’s Security Council.

“Based on the highly provocative statements of the Former President of Russia… I have ordered two Nuclear Submarines to be positioned in the appropriate regions,” Trump wrote. “I hope this will not be one of those instances” where words lead to “unintended consequences.”

The unexpected message — delivered without prior briefing or Pentagon confirmation — sparked concern that diplomatic tensions with Moscow had entered a new phase.

Some viewed Trump’s language as deliberate posturing rather than a genuine military threat, aimed at pressuring Russian President Vladimir Putin to consider a ceasefire in Ukraine. However, even if the statement was not intended as a signal of imminent action, it still made the possibility of a U.S.-Russia nuclear confrontation —however unlikely — feel more real. Traders — already reeling from Friday morning's jobs report — respond by dumping risk assets in favor of safer bets like Treasurys and cash.

Fed rate cut expectations rise — but so do U.S. recession fears

Friday’s dismal labor data led traders to dramatically increase bets on a rate cut at the Federal Reserve’s September FOMC meeting, with many now expecting a 50 basis point reduction. But the prospect of easier monetary policy did little to reassure markets.

That’s because rate cuts are no longer viewed as a preemptive move to boost growth — they’re now seen as a reaction to economic weakness that may already be unfolding. In this context, monetary easing can be interpreted as confirmation of deteriorating conditions, rather than a bullish catalyst.

For crypto markets, which often mirror tech-sector sentiment, the shift in narrative weighed heavily. Despite the potential for lower real yields, the fear of a looming recession overshadowed any short-term optimism. The result: widespread selling across the digital asset space and renewed caution ahead of key macro events later this month.





Why Are BTC, ETH, XRP, SOL and DOGE All Down Today? It's All About Macro

Sensitive data belonging to thousands of Americans is at risk after a cyberattack on a financial services company.

In a new filing with the Office of the Maine Attorney General, financial services firm RiteCheck Cashing says an unauthorized user gained access to the company’s server on or around August 25th of 2024 and accessed sensitive personal data belonging to customers and employees.

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Approximately 68,587 people were affected by the breach, according to the filing.

“Potentially impacted personal information includes names along with one or more of the following: addresses, dates of birth, Social Security numbers, driver’s license numbers, government-issued ID numbers, and payment card numbers.”

RiteCheck says it changed the login credentials of user accounts and enhanced its threat detection and monitoring capabilities following the incident. The financial services firm is also taking steps to protect the victims for the next year.

“Additionally, affected individuals were offered 12 months of credit monitoring and identity protection services through Cyberscout, a TransUnion company.”

A recent report by the Identity Theft Resource Center (ITRC) revealed that the financial services industry recorded the highest number of data breaches in the US in the first half of 2025. Of the 1,732 data compromises reported in the first half, 22% impacted the financial services industry, according to the ITRC. The healthcare industry was the second-worst affected.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Social Security Numbers, Driver’s License Numbers and Addresses of 68,587 Americans Potentially Exposed As Massive Data Breach Hits Financial Firm

Clients at the brokerage giant Charles Schwab believe the next three months will be bullish for the stock market.

In the firm’s Q3 2025 Trader Client Sentiment Report, Charles Schwab reveals that 57% of its clients are bullish in the stock market for this quarter, with only 29% having a bearish bias.

The survey also shows that 53% of respondents plan to invest in individual stocks this quarter, as 42% say they intend to add more funds to their portfolio. Only 19% plan to take money out of their investment account.

As Charles Schwab traders express their market sentiment over the next few months, 62% say they are most bullish on artificial intelligence (AI) stocks, 56% say growth stocks are their top pick and 55% say they see the most upside potential in domestic stocks.

Meanwhile, 55% say they are bullish on the equities market in general.

The survey results come as banking giant Goldman Sachs unveils a trade it says could spark an investor stampede driven by fear of missing out (FOMO). In a new podcast episode, Kunal Shah, the co-CEO of Goldman Sachs International, says that a Fed rate cut will negatively impact the value of the US dollar and trigger rallies in European stocks, fueled by cheap dollars and a rising euro.

4:50 “I think from here. One of the key drivers beyond the long-term capital allocation theme is really just relative monetary policy. We’re at the point now where the ECB (European Central Bank) may be done [cutting rates], at least for now. But there is pressure on the Fed to cut.

Now you need to figure out when they are getting a green light from a data perspective, but there is definitely room there for further easing in the front end of the US curve, and that can catalyze another move higher in the euro.

And when the euro is rallying, it is the ultimate FOMO trade that I think people now are going to have to re-risk into.”

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Charles Schwab Clients Betting Big on Three Asset Groups for Q3 As Goldman Sachs Unveils ‘Ultimate FOMO’ Trade

Bitcoin (BTC) could rally by double-digit percentage points from the current level if it captures just a tiny share of the global liquidity and gold’s market cap, according to a report by digital asset investment firm CoinShares.

The report says that based on the total addressable market (TAM) model, the crypto king could go up by 65% from the current level if Bitcoin captures just 2% of the global liquidity (global M2) and just 5% of gold’s market cap.

The TAM model is a tool used to estimate the maximum opportunity available to a product or service, in this case Bitcoin, assuming it is able to capture the entire market.

“…if you believe bitcoin is unlikely to compete with the cash positions of Corporate Treasuries or FX Reserves (assigning them 0%) but more likely to take a share of Global M2 (let’s assume 2%) and Gold (5%), the sum of those contributions would estimate a value of US$189,000/BTC.”

According to CoinShares, the global liquidity (global M2) is currently at $127.3 trillion, while the total market cap of all the mined gold is $23.9 trillion.

The digital asset investment firm further says Bitcoin is “increasingly likely to obtain a higher share of monetary markets” as it becomes a “more useful form of money.”

“Bitcoin does not need to replace the global monetary system to be profoundly valuable. Capturing a small share of these enormous markets would be more than enough.”

Bitcoin is trading at $114,800 at time of writing.

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Here’s How High Bitcoin Could Go As Global Liquidity Surges to $127,300,000,000,000, According to CoinShares

BlackRock executive Rick Rieder reportedly thinks the U.S. Federal Reserve could slash rates by 50 basis points in September.

Rieder, the asset management giant’s chief investment officer of global fixed income, said in a note to clients that Friday’s tepid jobs report from the U.S. Bureau of Labor Statistics could convince the Fed to institute a larger cut than expected, according to a new report from CNBC.

“If slack in the labor force builds at all, or we continue to see a below 100,000 jobs hiring rate persistently, we would expect the Fed to start moving rates lower, and a 50-basis point cut in September might be possible depending on how the data evolves.”

The new labor report indicated total nonfarm payroll employment increased by 73,000 jobs in July, less than the Dow Jones estimate of 100,000.

The CME FedWatch Tool, which generates probabilities using the 30-day Fed Funds futures prices, estimates there’s an 80.3% chance the Fed will cut the federal target rate by 25 basis points at the Federal Open Market Committee (FOMC) meeting in September, up from 37.7% on Thursday. However, the tool currently estimates there’s zero chance of a 50-basis-point cut.

Fed Chair Jerome Powell said at a press conference this week that no decisions have been made about September’s potential policy choices.

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Strategy (MSTR) News: Company to Sell Up to $4.2B in Preferred Stock STRC

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