WuBlockchain’s latest crypto news roundup covered new disclosures from Strive, Bitmine, MEXC, BNB Chain, Latvian policymakers and the Bank of Israel, spanning treasury accumulation, market exits, infrastructure planning and regulatory positions.
Strive bought 6,182 BTC last week
Strive said it purchased 6,182 BTC between Oct. 17 and Oct. 23 at an average price of about $82,732, including fees and expenses. As of Oct. 23, the company held a total of 43,000 BTC.
It also reported $504.4 million in cash and cash equivalents as of Oct. 23, up $186.9 million from Oct. 16, along with 505,000 shares of Strategy STRC preferred stock with a fair value of about $50.18 million.
On Oct. 26, Strive signed a sales agreement with seven institutions, including Cantor Fitzgerald and Barclays, to sell up to $1 billion of Series A perpetual preferred stock through an at-the-market, or ATM, program. The preferred shares trade on Nasdaq under the ticker SATS.
The company said the preferred stock completed its initial public offering on Oct. 20. Net proceeds are intended for general corporate purposes, including purchases of bitcoin and related products, working capital, investments in yield-bearing assets, and repurchases of common stock or other preferred shares.
Bitmine increased its ETH holdings by 10,452
Bitmine, described as the largest Ethereum treasury company, said it added 10,452 ETH last week. As of Oct. 25, the company held 6,051,933 ETH, equal to 4.95% of total ETH supply.
Of that amount, 5,227,037 ETH had been staked, with a value of about $12.3 billion at the then-current price.
Bitmine also said it repurchased 2.04 million shares last week at an average price of $22.48 per share. Its cumulative buybacks in 2026 reached 22.9 million shares at a cost of about $400 million. The company’s crypto assets, cash, marketable securities and other investments had a combined value of about $15 billion, including $514 million in cash and marketable securities.
MEXC plans to exit the Netherlands next month
According to a regional service restriction notice issued by MEXC on Oct. 21, the exchange is gradually leaving the Dutch market. It asked local users to transfer assets by Oct. 31 and plans to complete the exit on Nov. 16.
MEXC said it has not obtained authorization under the European Union’s Markets in Crypto-Assets framework, or MiCA. It had previously been placed on the European Securities and Markets Authority’s temporary list of non-compliant entities for offering crypto-asset services in the Netherlands without authorization.
Earlier, on Oct. 20, MEXC said it would stop providing services to users in Russia and Belarus. Its user agreement also lists 13 prohibited jurisdictions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong and mainland China.
CZ comments on BNB Chain’s new Layer 1 plan
CZ responded to a post about BNB Chain’s new Layer 1 plan by writing, “Multiple chains, one coin.”
According to the post, which cited official BNB Chain documentation, the new Layer 1 will coexist with BSC and connect through a native cross-chain bridge. It will not issue a separate token and will continue using BNB for transaction fees, staking and governance.
The new chain has not yet been named. Its targets include 200-millisecond block times and roughly 20-millisecond transaction pre-confirmation. The project is currently running an internal multi-validator devnet, with a testnet planned for late 2026 and a mainnet launch planned for early 2027.
Latvia targets RWA tokenization rules in the first half of 2027
Latvian Economy Minister Viktors Valainis said the country plans to introduce regulatory rules for real-world asset, or RWA, tokenization in the first half of 2027. Commercial real estate could be among the first application areas, and government bonds are also being treated as a priority.
The Ministry of Economics is working with the central bank, the finance ministry and industry representatives on the framework, with the stated aim of attracting investment and advancing asset tokenization. A legal assessment that had been scheduled for completion on Oct. 1 is still underway, and the implementation timeline has not been finalized.
Bank of Israel rejects crypto as a sanctions workaround
The Bank of Israel publicly opposed Prime Minister Benjamin Netanyahu’s idea of using cryptocurrencies to respond to possible international financial sanctions.
On Oct. 24, the central bank said cryptocurrencies could not serve as a means to bypass sanctions on Israel. It said the government should focus on maintaining economic ties with major trading partners and preventing sanctions and their negative effects.
A day earlier, on Oct. 23, Netanyahu said in a television interview that Israel needed to prepare an alternative economic system in case of possible international banking sanctions, and that he had asked for research into options including blockchain and cryptocurrencies.
