Anthony Scaramucci-linked AVAX One tumbles 32% on uncertainty around shareholder sales
The firm, which holds AVAX tokens and related Avalanche ecosystem assets, registered roughly 74 million shares held by insiders. Original and detailed news is here: Read More
Samourai Letter #3: Notes From The Inside
Bitcoin Magazine Samourai Letter #3: Notes From The Inside Dear Reader, Since my last letter where I tried to explain the underground economy of FPC Morgantown I have been struggling to come up with an idea of what further information you may be interested in. In modern life on the outside we are all so used to immediate feedback on everything we do. We write and publish an article and almost instantly comments start to roll in. You push to Twitter and the peanut gallery chimes in and has their say, and you as the content creator have an immediate idea of the general sentiment surrounding your work. It takes some getting used to not having that modern feedback loop, but on the other hand it is quite liberating as well. All that said I have decided that today I am going to write you about the food situation at FPC Morgantown. I hope this letter will be interesting to you. Feel free to write me a letter with your thoughts and suggestions. My address will be posted at the bottom of this letter. If you have time to read this article, you have time to sign the petition to free Samourai Wallet developers Keonne Rodriguez and William Hill. Every signature counts. CLICK THE IMAGE ABOVE OR HERE. One of the things I have been doing regularly since arriving at FPC Morgantown is keeping a daily journal. Usually towards the end of my day around 8:00PM I sit at a desk flanked by chess tables and write a summary of the days events. I write about any thoughts I had throughout the day or any incidents that have occurred. When I first got here I only had some blank white printer paper and a very uncomfortable pen (thanks to Omar who provided me with these supplies). Now, after a shopping trip to the commissary I have a wide ruled notebook and a slightly more comfortable pen. In any case, around the third day of journaling I realized a great majority of what I was writing about was about food or at least somewhat tangentially related to food. I now make an effort to avoid writing about the food in my daily journal as it gets repetitive. However it got me pondering why so much of my energy went to writing about the food served in the “Chow Hall”. The conclusion I have come to is that so much of a prisoners day revolves around the three main meals and food quantity, quality, and variety in general, that it becomes a naturally big part of our daily life. At 6:00 AM a crackling static hiss fills the empty hallways and the sleeping rooms of the housing unit. A loud announcement proceeds from the overhead speakers embedded in the ceiling: “ATTENTION BATES UNIT: MAINLINE IS NOW OPEN”. This is our first call to food of the day. “Mainline” is some BOP lingo to mean meal time. Most prisoners avoid the 10 minute walk to the Chow Hall at this call to breakfast – myself included now. On Monday, Wednesday, and Friday there is supposed to be a “hot breakfast” which could be pancakes (always stodgy and undercooked) served with a brown liquid in a condiment package that is apparently margarine and another brown liquid in a condiment package which is some sort of syrup; French toast (actually pretty tasty) served with the same margarine and syrup; or biscuits and gravy (biscuits are good, avoid the gray soup that is less gravy and more dirty laundry water). Each of these is served with oatmeal or grits both quite tasteless and reminiscent of wallpaper paste. Though more often than not we do not get any of those things, we get something they call “spice cake” which is a giant piece of cake (without icing) where the batter is mixed with cinnamon until it turns brown. It doesn’t taste terrible, but one starts to resent the taste of cinnamon cake when it is served every morning (and again for lunch if there is any left over from breakfast – and there always is). Every other day is what we call Cold Breakfast. This consists of some sort of bran flake so stale it is reminiscent of eating cardboard. Even the most stoic prisoner who attends every breakfast will otherwise avoid the Chow Hall on a cold breakfast day. I do not remember if I told you about the multitude of ducks and geese who live on the compound. They were supposed to migrate south for winter at some point in the past, but instead they found such a hospitable environment among the prisoners who happily feed them leftovers (against the rules by the way) that they decided to forgo the instinct to migrate to warmth and stay here year round. They reproduced in the way only animals can and now there must be hundreds of geese and mallard ducks that waddle around the entire compound. These prisoner water fowl know the food schedule just as well as us human prisoners do. They wait by the exit of the Chow Hall for altruistic prisoners to throw them a few pieces of bread after every meal, quacking and squawking demanding their fair share. On Cold Breakfast days, throw the fowl the bran flakes and each one will refuse to eat them. That should tell you everything about the universally hated Bran Flakes. In any case, the 6:00AM Breakfast is the only time you have access to milk. You are offered two small cartons of fat free skim milk – which appears to be closer to water than milk – that is often several days expired. Usually the milk is still drinkable, sometimes however the carton swells so much it appears it is about to explode. That is a good indication the milk has soured. If you are given a sour milk, tough luck. The breakfast mainline closes somewhere around 20 minutes after it is called, so you
Trump Family-Backed American Bitcoin ($ABTC) Buys More Bitcoin, Holdings Reach 5,843 BTC
Bitcoin Magazine Trump Family-Backed American Bitcoin ($ABTC) Buys More Bitcoin, Holdings Reach 5,843 BTC American Bitcoin, a miner backed by members of the Trump family, has increased its bitcoin reserves to roughly 5,843 BTC, placing it among the world’s largest corporate holders of the cryptocurrency. The company said it achieved a bitcoin yield of about 116% from its Nasdaq debut on Sept. 3, 2025, through Jan. 25, 2026. Bitcoin yield measures growth in a firm’s bitcoin holdings over time, including coins mined or purchased, without accounting for capital raises. With the latest increase, American Bitcoin ranks as the 18th-largest corporate holder of bitcoin, surpassing companies such as Nakamoto Inc. and GameStop Corp., according to company data. Shares of American Bitcoin were down about 0.50% in premarket trading Tuesday, according to Yahoo Finance, though the stock remains down roughly 12% year-to-date. American Bitcoin’s ties to the Trump family American Bitcoin is approximately 20% owned by Donald Trump Jr. and Eric Trump and became a standalone public company last year after merging with Gryphon Digital Mining and spinning out from Hut 8’s mining operations. Hut 8 retains an estimated 80% ownership stake. The company’s growing reserves follow a period of operational expansion after going public. In its third-quarter 2025 earnings report, American Bitcoin posted a return to profitability and reported higher revenue as it increased mining capacity and benefited from higher bitcoin prices earlier in the cycle. At that time, the company held just over 4,000 BTC, indicating reserves have increased by more than 1,800 coins in recent months. According to Eric Trump, American Bitcoin has climbed rapidly up the rankings of corporate bitcoin holders, moving from 30th place to 18th in less than five months. The company recently surpassed firms including DeFi Technologies, Capital B, Bitcoin Group SE, and Next Technology Holding Inc. American Bitcoin said its accumulation strategy reflects a broader trend among publicly listed miners that are increasingly treating bitcoin as a long-term balance-sheet asset rather than a source of near-term liquidity. That approach has gained traction even as investors rotate into assets such as precious metals and bonds amid market uncertainty. Bitcoin is currently trading at $88,144, with 24-hour trading volume of about $40 billion and up roughly 1% over the past day. The price is about 1% below its seven-day high of $88,763 and roughly 1% above its seven-day low of $87,180. Bitcoin’s circulating supply stands at 19,981,153 BTC, out of a maximum supply of 21 million, giving it a global market capitalization of about $1.76 trillion, up around 1% in the last 24 hours. This post Trump Family-Backed American Bitcoin ($ABTC) Buys More Bitcoin, Holdings Reach 5,843 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Original and detailed news is here: Read More
Rhode Island Reintroduces Bill to Study Blockchain and Cryptocurrency
Bitcoin Magazine Rhode Island Reintroduces Bill to Study Blockchain and Cryptocurrency Rhode Island lawmakers have reintroduced a bill to establish a special legislative commission to study blockchain technology and crypto, showing some continuous pro-bitcoin momentum for the state to explore its role in the digital asset economy. Senate Bill S 2198, introduced by Senators Lou DiPalma, Gu, Burke, Urso, Paolino, and Zurier, would create a five-member commission tasked with reviewing blockchain and cryptocurrency activity across the country, examining current Rhode Island laws, studying non-fungible tokens (NFTs), and consulting industry experts. The commission would also provide legislative recommendations to foster a pro-business environment while ensuring appropriate consumer protections. The commission’s composition includes the Rhode Island Secretary of Commerce as chair, the Director of the Department of Business Regulation, and three public members appointed to represent academia, financial institutions, and federal securities expertise. The panel is expected to meet at least four times per year, with a final report due by January 5, 2028, and will operate publicly, posting its findings online. The bill is not entirely new. It passed the Rhode Island Senate last year as S 0373 but stalled in the House (H 5810). The Rhode Island Bitcoin Policy Institute posted the reintroduction of the law on social media, thanking Senator DiPalma for sponsoring the bill and noting that discussions with Deputy House Speaker Ray Hull have made them optimistic about passage this session. With cryptocurrency adoption growing nationwide and states competing to attract blockchain businesses, Rhode Island’s effort reflects a broader push to balance innovation with oversight and establish itself as a hub for emerging financial technology. JUST IN: Rhode Island introduces bill to create a legislative commission to study Bitcoin, crypto, and blockchain pic.twitter.com/hCA3OQFaPX — Bitcoin Magazine (@BitcoinMagazine) January 26, 2026 Rhode Island’s bitcoin push Earlier this month, Rhode Island lawmakers reintroduced a bill to temporarily exempt small-scale Bitcoin transactions from state income and capital gains taxes, continuing a push started last year to reduce tax friction for everyday Bitcoin use. Senate Bill S2021, introduced by Senator Peter A. Appollonio and referred to the Senate Finance Committee, would exempt Bitcoin sales or exchanges up to $5,000 per month, with a $20,000 annual cap, for both residents and Rhode Island-based businesses. The bill adds a new section to the state’s personal income tax code, defining Bitcoin as a “digital, decentralized currency based on blockchain technology.” Taxpayers could self-certify eligibility on returns without reporting individual transactions, maintaining records only for potential audits. The Department of Business Regulation would issue guidance on valuation and recordkeeping. If passed, the exemption would take effect January 1, 2027, and sunset January 1, 2028, serving as a pilot program to treat Bitcoin more like everyday money rather than a speculative asset. This post Rhode Island Reintroduces Bill to Study Blockchain and Cryptocurrency first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Original and detailed news is here: Read More
Strive ($ASST) Plans $150 Million Follow-On Offering to Buy More Bitcoin, Retire Convertible Notes
Bitcoin Magazine Strive ($ASST) Plans $150 Million Follow-On Offering to Buy More Bitcoin, Retire Convertible Notes Strive announced today that it intends to raise up to $150 million through a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, known as SATA Stock, subject to market conditions. The offering is registered under the Securities Act of 1933 and marks Strive’s latest move to expand its bitcoin holdings while addressing outstanding debt. Strive plans to use the proceeds from the offering, along with cash on hand and potentially funds from terminating certain derivative contracts tied to convertible debt, to repurchase or redeem all or a portion of the 4.25% Convertible Senior Notes due 2030 issued by its subsidiary Semler Scientific, Inc. These Semler Convertible Notes, guaranteed by Strive, were originally issued under an indenture with U.S. Bank Trust Company, National Association acting as trustee. Strive wants to buy more bitcoin The company may also use funds to pay down Semler Scientific’s borrowings under its loan agreements with Coinbase Credit Inc., acquire additional bitcoin and related products, and support general corporate needs. In addition, Strive is negotiating with some holders of the Semler Convertible Notes to potentially exchange their notes for shares of SATA Stock. SATA Stock is structured as a variable-rate, cumulative dividend security with a stated value of $100 per share. Dividends are currently set at an annualized rate of 12.25%, payable monthly, though Strive reserves the right to adjust the rate within certain limits. If a dividend is missed, it accrues additional compounded interest, which can rise up to 20% per year. The company intends to manage the dividend rate to help the stock trade within a target range of $95 to $105 per share. Strive also retains the right to redeem SATA Stock at $110 per share (or higher at its discretion), plus accrued dividends. Redemption can occur at any time, but the company generally cannot redeem less than $50 million of SATA Stock unless a clean-up or tax-related redemption applies. The liquidation preference for SATA Stock is $100 per share, adjusted daily to the greater of the stated value, the previous trading day’s closing price, or the 10-day average price. Strive said that Barclays and Cantor are joint book-running managers for the offering, with Clear Street acting as co-manager. After SATA briefly hit $100 today, the company’s approach to set a follow-on offering price based on current market conditions is seen as a cleaner alternative to an “at-the-market” (ATM) offering, avoiding dilution and allowing Strive to capitalize on favorable pricing. The raised funds will help the company retire legacy convertible debt and expand its Bitcoin holdings, signaling continued commitment to its crypto-focused growth strategy. This post Strive ($ASST) Plans $150 Million Follow-On Offering to Buy More Bitcoin, Retire Convertible Notes first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Original and detailed news is here: Read More
