SPCX stock falls 5% as SpaceX unlocks $200B in shares despite record Q3 earnings, while JPMorgan, UBS and TD Cowen raise price targets.

The upgrade went live on October 21. It is the largest consensus upgrade since 2020. It targets 150ms finality. It also targets a 60% reduction in validator costs.

MSTR stock is in focus ahead of the MSCI's decision on whether firms that focus largely on asset holdings will be removed from the index.

Strategy acquired 250 Bitcoin for about $21.5 million at an average price of $86,194, lifting its holdings to 848,250 BTC. Its total Bitcoin cost is close to $64 billion. The company also repurchased $192.4 million of STRC preferred stock and disclosed $4.88 billion in USD reserves plus $640.5 million in additional cash. A further $354.8 million remains available for digital credit securities repurchases, alongside $1.0 billion authorized for MSTR common stock buybacks.

SpaceX is in talks to raise $40 billion through bank loans and investment-grade bonds to expand its artificial intelligence business, the Financial Times reported. The plan follows Morgan Stanley’s reiteration of a $300 price target for the stock. Separately, 328.4 million shares valued at $54.8 billion are set to become eligible for sale on October 9 for the first time.

Anthropic has introduced Claude Haiku 5.5, a lightweight model aimed at high-volume work such as classification, summarization, customer support and voice agents, while pricing is about 75% lower than Haiku 4.5. The launch comes as the company moves toward a planned November IPO. The listing is expected to value Anthropic between $1.8 trillion and $2 trillion, according to a report.

Bitmine executive chairman Tom Lee said at the Token 2049 conference that the company will stop buying Ethereum once it reaches a hard cap of 5% of ETH’s total supply. He said Bitmine needs about 100,000 more ETH to hit that threshold. BMNR shares were down more than 4% in premarket trading, pressured by the news and a broader pullback in the crypto market.

Winklevoss Asset Services has filed a spot Zcash ETF application with the U.S. SEC, seeking to list a fund on Nasdaq under the ticker WINK that would hold ZEC directly. Following the disclosure, ZEC rose more than 5% over the past 24 hours. The token is currently trading at slightly more than $1,376.

Circle Chief Financial Officer Jeremy Fox-Geen said he will step down by the end of 2026 after five years in the role, having helped execute the company’s $1.2 billion NYSE listing. After the announcement, CRCL shares fell 4.1% to $89.00 in the session and slid a further 1.8% after hours. Fox-Geen will remain until December 2026 or until a successor is named, while Circle recently completed a $400 million Tazapay deal and rolled out Bitcoin-backed USDC loans.