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Morning Edition · Wednesday, October 21, 2026Published at 1:37 AM EDT · New York
Fidelity Says Preferred Stock Has Funded 135,979 Bitcoin as Strive Lists a 15% Dividend Issue
BlackRock filed for a bitcoin fund that limits losses and caps gains, and JPMorgan Asset Management forecast about 10% a year for bitcoin over the next decade while still declining to recommend it.
Perpetual preferred stock has paid for purchases of 135,979 bitcoin, according to an October 20 report by Zack Wainwright, a research analyst at Fidelity Digital Assets, reported by crypto.news. Fidelity describes this funding method, used…
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Bitcoin Exposure Gets Repackaged as Yield and Buffers
Bitcoin demand increasingly flows through credit and structured products, such as high-dividend preferred stock and buffered funds, so the asset's marginal buying depends on whether credit investors keep accepting yields above bitcoin's expected return.
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