Strategy’s massive Bitcoin treasury has swung back into profit after BTC surged roughly 22% over five consecutive sessions, reversing billions of dollars in paper losses accumulated during the summer selloff. The company currently holds 840,447 BTC acquired for $63.36 billion at an average price of $75,385. Bitcoin traded around $77,300 at the latest check after reaching an intraday high above $79,000, putting Strategy’s position roughly $1.6 billion above its aggregate acquisition cost. The reversal comes only weeks after the same…
Paul Grewal
SEC Pays $150,000 To Settle Coinbase-Backed FOIA Lawsuit
The U.S. Securities and Exchange Commission will pay $150,000 and revise its record-retention policies to settle a Coinbase-backed Freedom of Information Act lawsuit over communications involving former Chair Gary Gensler. History Associates filed the case in June 2024 on Coinbase’s behalf after the agency withheld records requested from senior SEC officials. The settlement ends the dispute after the agency acknowledged that text messages from Gensler’s government-issued phone were lost through an automated device-wiping process. Paul Grewal disclosed the settlement terms…
1 month ago
