News linked to both this project and an event.
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
According to TNW, San Francisco-based startup Dream has emerged from stealth, announcing the closing of a $17 million seed funding round. The investors include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital. Dream was co-founded by Andy Elder and Arjun Mathur, who each spent around a decade working at Palantir. The company develops an "architectural world model," trained using over 100 million square feet of permitted U.S. building data. The model understands the spatial relationships between building components, such as the routing of HVAC ducts through walls. The company states that the precision of the drawings generated by the model is sufficient for contractors to proceed directly with construction. Early operations will focus on commercial projects, including retail stores, offices, and data centers.
Odaily Report: Canadian AI model startup Cohere is conducting a large-scale funding round, with a valuation of $20.5 billion, roughly tripling from a year ago. Cohere said on Thursday that it has completed the first tranche of this funding round, with total funding expected to reach up to $5 billion. The company stated that it has received investment commitments from investors including the Canadian government and NVIDIA, in addition to the $600 million investment previously disclosed by European retail giant Schwarz Group. Among them, the Canadian government has agreed to invest up to $1.14 billion in Cohere.Canadian Prime Minister Carney stated that Cohere plans to keep its headquarters in Canada and is expected to build new computing infrastructure in the country by 2030, with an investment of approximately $1.2 billion. If this funding round is successfully completed, it will become the largest private fundraising in Canadian history, far exceeding previous records. Cohere declined to disclose how much of the $5 billion funding target has been finalized, but the Chief Financial Officer said the first tranche has covered "the majority" of it. This valuation does not include the funds raised in this round. (Bloomberg)
According to Bloomberg, asset management giant Pacific Investment Management Company (PIMCO) had heavily participated in debt financing for AI data centers in 2025. However, it recently successfully avoided partial losses from the pullback in the AI bond market and realized profits by exiting portions of its positions early, conducting interest rate hedging, and walking away from some follow-on transactions.
Odaily reports: Stablecoin issuer Tether's investment arm Tether Capital has announced its participation in AI chip company Tenstorrent's $1.5 billion Series E funding round, valuing Tenstorrent at $6.2 billion post-funding. Tenstorrent, led by chip architect Jim Keller, primarily develops high-performance AI processors, server systems, and software, aiming to provide open AI computing infrastructure and reduce developers' reliance on the proprietary hardware and cloud services of a handful of large tech companies.Tenstorrent plans to use this round of funding to expand production and deployment of its Galaxy server systems, advance R&D in AI chips and CPU technology, and expand its global commercial operations. The company's technology already serves enterprises including Samsung and LG, with applications spanning large language models and video generation, among other fields.
Bitcoin Treasuries posted on X platform stating that Strategy's Michael Saylor said Strategy could become a company valued at $1 trillion with digital credit as its core business. Saylor stated that Strategy's future depends on converting Bitcoin capital into credit; if the credit business performs well, the company's equity performance will outperform Bitcoin. Digital credit is the product, and equity is the byproduct; if the credit business operates well, the company should trade at a premium.
According to FNNews, South Korea’s JB Financial Group announced an investment in AI company Upstage through its subsidiaries Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. The three institutions collectively invested $400 billion (approximately $30 million) in Upstage’s Series C-2 funding round, acquiring approximately 2% equity. In prior reports, Upstage co-founder and CTO Hwalsuk Lee disclosed that the company is evaluating various capital market options, including an IPO, and is also considering launching a Pre-IPO round.
According to an official announcement from Tenstorrent, the company has completed a $1.5 billion Series E financing round, with a post-money valuation of $6.2 billion. Led by Trace Capital and Innovation X, the round saw participation from both new and existing investors, including Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity Management & Research Company, Morgan Stanley, Sandisk, Tether Investments, T. Rowe Price, Virtu Financial, and XTX Markets.
According to Investegate, UK Bitcoin treasury company The Smarter Web Company PLC (stock code: SWC) has announced its institutional and retail issuance results, successfully raising a total of £10 million (net proceeds of approximately £8.3 million). The company will issue 111,112 preference shares at an issue price of £90 per share, and is expected to list on the Main Market of the London Stock Exchange on October 14, 2026, under the trading code MORE (ISIN: GB00C0HJ0D12).
Bitcoin Treasuries posted on X platform that billionaire Grant Cardone revealed to Peter Schiff that his company uses real estate cash flow every month to buy more Bitcoin, and will buy 500 more Bitcoin through refinancing. The company is using asset classes beyond real estate assets to buy more Bitcoin.
Odaily News: The Smarter Web Company has announced the completion of a $13.25 million initial public offering (IPO) through MORE, the UK's first Bitcoin-backed preferred stock. MORE will begin trading on the London Stock Exchange Main Market this Wednesday, with the first weekly dividend scheduled to be paid on November 9.
Odaily News: The Cardano Foundation has announced the spin-off of its digital identity project Veridian into an independent company, with its shares tokenized based on CIP-0113, a newly launched programmable token standard on the Cardano blockchain.It is reported that Veridian becomes the first company to adopt Cardano's programmable token standard for equity tokenization. Frederik Gregaard, CEO of the Cardano Foundation and Chairman of Veridian, stated that the company has issued a total of 1 million shares, with the majority already tokenized. However, these tokenized shares are not currently available for public sale.Headquartered in Switzerland, Veridian aims to provide digital identity verification tools for governments, enterprises, and AI agents, helping users prove their identity and verify online behavior. The company is led by Thomas A. Mayfield, a blockchain engineer who previously oversaw decentralized trust and identity solutions at the Cardano Foundation, and plans to seek strategic investors in 2027. (CoinDesk)
According to Tech Funding News, US AI fintech company Valon has closed a $150 million Series D funding round, reaching a post-money valuation of $2.3 billion, doubling its valuation from the previous round. The round was backed by existing investors including Andreessen Horowitz (a16z), with Ribbit Capital participating as a new investor.
Solana Company has completed a $15 million equity and warrant financing at a premium of approximately 5% to net asset value, and intends to use the proceeds to purchase SOL or repurchase its stock.
Odaily News: UK-based Bitcoin treasury company The Smarter Web Company has received shareholder approval to launch MORE, the UK's first Bitcoin-backed preferred stock. In addition, the company expects to raise $20 million to $33 million through an IPO to purchase more Bitcoin and fund cash-flow-generating operating businesses. (Bitcoin Treasuries)
Odaily News: Physical AI company SiMa.ai has announced the completion of a $150 million Series C funding round, co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72, StepStone Group, and others. AllianceBernstein, Baron Capital, JPMorgan Chase, and the State of Michigan joined as new investors. The company's cumulative funding has reached $500 million, with a valuation of $1.45 billion. It is reported that the funds will be used to accelerate the scaling of its Palette Neat agent software environment, and the company plans to launch a dedicated physical AI chip capable of achieving 1000 dense TOPS of computing power in the first half of 2028. (Businesswire)
As reported by CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities. The financing is contingent on the successful merger of Evernorth with a SPAC, with the proceeds to be used for purchasing XRP spot prior to its NASDAQ listing. Upon completion of the merger, the company intends to list on NASDAQ under the ticker symbol "XRPN".
Odaily News: Robinhood Ventures Fund I (NYSE: RVI) announced that it purchased approximately $25 million in preferred shares in AI infrastructure company Crusoe's $3.9 billion Series F funding round. The round valued Crusoe at $30.9 billion, and the related transaction was completed on August 31.Sarah Pinto, President of Robinhood Ventures Fund I, stated that Crusoe is building vertically integrated AI infrastructure, supporting AI computing through energy, AI data centers, and cloud platforms.
According to PRNewswire, AI-native data loss prevention (DLP) security company MIND announced the completion of a $72 million Series B financing round, led by Crosspoint Capital Partners, with existing investors YL Ventures and Paladin Capital Group participating. To date, the company has raised a cumulative total of $112 million. MIND disclosed that it has joined the Anthropic Cyber Verification Program and obtained ISO/IEC 42001 certification. The company plans to utilize the proceeds from this funding round to accelerate the development of its AI-native DLP platform, expand into the enterprise market, deepen technology and channel partnerships, and scale its team.
AI compute infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-investment valuation of approximately $30.9 billion. The round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment Company, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA), among others.Founded in 2018, Crusoe initially provided services to cryptocurrency miners before pivoting to AI compute infrastructure. The company previously spent two years building a large-scale AI data center in Abilene, Texas, to provide compute power for OpenAI and Microsoft. The company is now shifting toward producing a compact data center called "Spark," which involves loading prefabricated facilities onto trucks and deploying them to locations with idle power capacity to more quickly meet AI inference compute demand. (WSJ)