Bitcoin Clings to $80K as Fed Decision and Big Tech Earnings Approach

Brazilian equities are expected to face a sharp sell-off at the market open after President Luiz Inácio Lula da Silva unexpectedly won a fourth term.

Anthropic Submits Long-Awaited IPO Filing

AI company Anthropic has officially filed for its highly anticipated initial public offering. Goldman Sachs and Morgan Stanley are serving as the lead underwriters.

The company plans to list on the Nasdaq under the ticker symbol ANT. The filing has not yet disclosed the targeted fundraising amount or expected valuation. However, earlier reports indicated Anthropic could seek to raise as much as $100 billion at a valuation of around $2 trillion.

According to its prospectus, Anthropic generated $16.3 billion in revenue during the first half of the year, compared with $1.2 billion over the same period a year earlier.

Strategy Pauses Bitcoin Purchases but Continues STRC Buybacks

Strategy did not purchase additional Bitcoin last week as its depressed common share price and preferred stock trading below face value continued to constrain its options.

The company nevertheless repurchased another $204.9 million worth of its STRC preferred shares, taking cumulative buybacks above $1.8 billion.

Before beginning the repurchase program last summer, Strategy had issued approximately $8.6 billion in STRC. The preferred shares ended Friday’s session at $99.36.

Strategy shares fell 2% in premarket trading, tracking Bitcoin’s weekend retreat toward $80,000. MSTR was trading at $138.11 in the cited market data.

Bitmine Raises Ethereum Holdings to 4.95% of Supply

Tom Lee-led Bitmine purchased another 10,452 ETH last week, increasing its total Ethereum holdings to approximately 6.05 million tokens, valued at more than $14 billion.

The company now controls about 4.95% of Ethereum’s total supply and continues to pursue its longer-term target of accumulating 5%.

Bitmine shares were quoted at $21.33 in the provided market data.

Strive Adds 6,182 Bitcoin After SATS Preferred Stock IPO

Strive continues to expand its Bitcoin treasury, placing it among the companies making substantial BTC purchases.

After raising more than $600 million through its SATS preferred stock IPO, the company acquired 6,182 Bitcoin last week for approximately $511.4 million. Its total holdings consequently reached 43,000 BTC, worth around $3.44 billion at a Bitcoin price near $80,000.

Strive’s cash balance also increased to $504.4 million as it built the reserve intended to fund dividend payments on its preferred shares.

ASST shares declined 2.9% in premarket trading amid Bitcoin’s weekend pullback toward $80,000. The stock was quoted at $27.26 in the supplied data.

Meta Launches $95 Billion Fundraising Plan to Finance AI Expansion

Meta announced a major capital-raising initiative on Monday as it seeks to finance its artificial intelligence ambitions.

The company plans to offer approximately $35 billion in securities, comprising around $22.5 billion in common stock and $12.5 billion in preferred shares. It also intends to raise another $60 billion through an at-the-market offering of newly issued Class C common stock.

Meta said AI is creating substantial opportunities across its established businesses and new products. The company pointed to stronger user engagement, improved advertising results and increased monetization as early benefits of its AI investments.

It is also exploring growth opportunities in personal superintelligence, consumer and business AI agents, enterprise products and AI-powered glasses.

Meta shares rose 2% in premarket trading, with the stock previously quoted at $632.20.

Oil Prices Drop as Markets Prepare for a Crucial Week

Brent crude fell more than 6% from Friday’s peak, slipping below $110 a barrel as expectations of a potential agreement between the United States and Iran reduced concerns about further regional escalation.

The Financial Times reported that Iran was hosting officials from Saudi Arabia, Pakistan and Turkey after a visit by Qatari representatives.

Meanwhile, Brazilian equities came under heavy pressure following Lula’s unexpected fourth-term victory. The country’s stock market reportedly dropped 20%, while the iShares MSCI Brazil ETF fell 26% in premarket trading.

Bitcoin remained slightly above $80,000, and gold traded just over $4,000 an ounce. The Invesco QQQ Trust was little changed before the opening bell despite continuing uncertainty surrounding AI-related investments.

The US Dollar Index held firm just below 102, while the yield on the 10-year US Treasury remained just under 5%.

Investors are preparing for a busy week featuring quarterly earnings from Microsoft and Amazon, along with interest-rate decisions from the Federal Reserve, the Bank of Japan and the European Central Bank.

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