Tom Lee Says Crypto Faced Same ‘Risk Off’ Forces Behind AI Sell-Off: BMNR, ASST Add To Crypto Treasuries As MSTR Skips Bitcoin Buys

The Federal Reserve kept its benchmark interest rate at 3.75% to 4%, but two officials (Lisa Cook and Beth Hammack) wanted a 0.25% hike. The Fed's statement removed a line about supporting 2% inflation, citing the need for more data. Inflation rose 3.7% year-over-year in September. Traders expect an 84% chance of a December hike. Bitcoin and gold prices reacted to the decision.

Strategy (MSTR) held $5.1B in cash, buying no bitcoin but spending $204.9M on preferred stock buybacks. $4.83B is earmarked for dividends. Q3 results on Oct. 29 will show bitcoin growth and the pause's duration. The company had negative free cash flow of $112M in fiscal 2025.

US-listed spot Bitcoin ETFs saw $176M net inflows on Tuesday, totaling $286M over two days, per SoSoValue. Bitcoin rose 1.6% to $80,818. Ether ETFs had $149M outflows over two days, with October outflows at $1.32B. Crypto Fear & Greed Index rose to 51, in 'Neutral' territory.

Bitwise raised its Bitcoin price forecast to $1.6 million by 2036, citing institutional demand and limited supply. The firm projects a $109.8 trillion store-of-value market, with Bitcoin capturing 25%. Bitwise's base case assumes 2.5% penetration of national treasury reserves and US corporate treasuries, and 1% institutional investment. The firm's earlier forecast was $1.3 million by 2035. Bitcoin's price was $83,557 as of September 30, according to Bitwise.

Strategy (MSTR) expects a significant reversal in Bitcoin-related results, with an estimated $20.91B gain in Q3 after an $8.32B loss in Q2. The company's earnings report will focus on Bitcoin gains and a shift in buyback strategy.

Strategy shareholders approved daily dividends for four preferred stocks, with 99.3% voting in favor. The change aims to enhance liquidity and stability, with dividends accruing daily but paid on the next business day. STRC's dividend rate was 11.50% as of June 30, 2026. The company's common stock, MSTR, is down 50% over the past year but up nearly 1,000% since 2020. The board must approve the change before new payment schedules begin.