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Strategy Sold 5,552 Bitcoin and Bought 7,218 in Q3 as a $21B Markup Drove Profit
Today's key developments:
• Strategy's CFO Andrew Kang is leaving November 5 as the company reported a record quarterly operating profit of $21B - driven entirely by marking up the value of its Bitcoin holdings. The company sold 5,552 BTC and bought 7,218 in Q3, ending the quarter with a net add. MSTR stock fell 6%.
• Coinbase posted $719M in Q3 net income - but $715M of that came from gains on crypto it holds, not from running its exchange. Adjusted net income was $78M. Net income jumped 66% year-over-year.
• Sentiment crashed 21 points overnight. The Fear & Greed Index dropped from 51 (Neutral) to 30 (Fear) in a single day. Stablecoin supply fell about $3.5B this week. L2 TVL is down roughly 5% on the week, with World Chain down 24%, OP Mainnet down 14%, and ZKsync Era down 12%.
📰 Read the full Daily Pulse:
https://pulse.tokenmetrics.com/p/a-farming-pool-is-quoting-277-apy-today-oct-30-2026?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast🔔 Subscribe for daily crypto market updates!
⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
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