Strategy reported a $21 billion gain on digital assets for Q3 2026. In an update covering the week ending October 4, the company said it had acquired 334 BTC, repurchased $176 million of STRC preferred stock and held 848,000 BTC alongside $5.7 billion in USD assets.

Hyperliquid’s buyback model has received its first reported contribution from a source other than trading fees: yield earned on USDC reserves held in its ecosystem. The payment, worth about $14.58 million in USDC, is the first test of whether the protocol can turn stablecoin balances into recurring funding for HYPE purchases.

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