Good evening and welcome to Markets Desk, your close of business briefing on the stories moving money and markets.
Strategy, the Bitcoin-focused firm formerly known as MicroStrategy, made a striking capital allocation call last week, spending one hundred seventy six point three million dollars buying back shares of its preferred stock ticker STRC, while committing just twenty eight point seven million to acquire three hundred thirty four Bitcoin. The ratio signals management sees the preferred shares as meaningfully undervalued relative to its core crypto thesis.
Shifting to Ethereum, Tom Lee's Bitmine added fifteen thousand one hundred twelve ETH to its treasury, with Lee pointing out that Ethereum outperformed the S and P five hundred by sixty eight hundred basis points in the third quarter. That kind of outperformance is drawing serious institutional attention and reinforcing the case that ether is maturing into a macro asset class in its own right.
On the energy and crypto policy front, the G Seven's emergency diesel reserve release has opened a twenty day window that traders are watching closely. The thesis is straightforward: cheaper diesel eases broader energy inflation, which in turn gives the Federal Reserve more room to soften its posture. Bitcoin bulls are treating this as a near term catalyst worth monitoring.
That's the tape. Markets Desk, signing off the floor.
