BlackRock’s Bitcoin ETF Takes In $5B of Holders’ Coins as Kidnapping Fears Mount
Bitcoin holders have handed BlackRock $5 billion in coins over kidnapping fears.
A TradingView glitch in data briefly showed crypto’s market cap at $6 trillion and Bitcoin dominance at 24%. Bitcoin’s price did not move, and sentiment data still points to fear. A TradingView glitch on Monday, November 9, made it look as if the crypto market had more than doubled and Bitcoin dominance had collapsed.
Michael Saylor’s Strategy (NASDAQ: MSTR) bought 1,036 BTC for $81.9 million last week, the firm’s first Bitcoin purchase since its STRC preferred stock reclaimed par value at $100.
November 9, 2026, 3:28 pmBTC drops in a sharp two-way volatility over the weekend of November 8–9, 2026, sliding to its lowest level since August before staging a quick rebound.
November 9, 2026, 3:19 pmBitcoin holders have handed BlackRock $5 billion in coins over kidnapping fears.
Though the momentum was now bearish, a Bitcoin price drop to new lows below the bear market bottom at $57.8k is unlikely.
As Bitcoin's market matures, liquidity may stabilize, yet inherent volatility and high-risk classifications continue to deter cautious investors.
Public open interest will show earlier positions across all Deribit futures and options, limiting comparisons with current prices.
Strive added another 29 bitcoin to its corporate treasury for approximately $2.2 million, CEO Matt Cole announced Monday, Nov. 9, 2026. The acquisition lifts the company’s holdings to 43,153 BTC as corporate bitcoin accumulation continues despite weaker cryptocurrency prices.
Strategy bought $81.9 million in Bitcoin last week while spending $188.3 million repurchasing STRC preferred shares, according to its latest SEC filing.
Core Scientific's pivot to AI colocation could stabilize revenue streams, reducing reliance on volatile Bitcoin markets and enhancing investor confidence.
The Bitcoin treasury firm sold $284 million of MSTR stock to fund the moves, days before MSCI names companies facing index removal.
Strive's aggressive Bitcoin acquisition strategy could reshape corporate treasury norms, influencing market valuations and investment approaches.