CoinByte Weekly Wrap: US$26B Anthropic Deal, Banks’ US$270M Stablecoin Bet and Russia Opens Crypto Trading

Happy Friday! Welcome to the 44th instalment of the Coinbyte Weekly Wrap.

Beyond price action, institutional participation and corporate investment in digital assets remained key themes this week. Strive hinted at another potential Bitcoin purchase after accumulating 15,124 BTC in October, bringing its holdings to 43,124 BTC. Meanwhile, Ethereum treasury firm SharpLink reported US$751.4 million in Q3 net income, primarily driven by unrealized crypto gains, with its ETH holdings reaching 895,117. Trump Media also reported US$409.7 million in quarterly net income, largely supported by gains on digital assets and equity securities. These developments highlight the growing role of digital asset holdings in corporate treasury strategies and financial performance.

Traditional financial institutions continued to expand into digital asset infrastructure. Goldman Sachs, Citi, Santander and Deutsche Bank committed approximately US$270 million to a bank-backed stablecoin venture supported by 21 financial institutions, with a US dollar stablecoin planned for 2027, followed by a euro-denominated token. Morgan Stanley also agreed to acquire digital transfer agent Vinyl Equity to strengthen its equity administration capabilities and support future tokenization initiatives. Meanwhile, Anthropic secured a US$26 billion private placement from seven strategic partners, including Google and Nvidia, highlighting continued investment from major technology companies.

Regulatory developments and tokenization also presented mixed signals. The Bank of Russia approved Bitcoin, Ether and USDT for retail trading through regulated intermediaries, expanding access for individual investors under new limits and testing requirements. However, Apple and Meta formally objected to OKXICE’s plans to offer tokenized versions of their shares, joining the other five Magnificent Seven companies in opposing the platform. Together, these developments highlight the continued expansion of institutional participation and regulated crypto infrastructure, while also showing that broader adoption of tokenized financial assets still faces challenges in securing support from traditional issuers.

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Technology | Anthropic Lands US$26B in Strategic Backing

Anthropic has set an estimated IPO price range of $70–$78 per share for its planned Nasdaq listing under the ticker ANT. The company also secured a $26 billion private placement from seven strategic partners, including Google and Nvidia, which are each purchasing approximately $10 billion in shares. The remaining $6 billion will be shared by AMD, Broadcom, Micron, Microsoft and TSMC. link

Institution | Strive Hints at Another Bitcoin Purchase

Strive CEO Matt Cole hinted at another potential Bitcoin purchase by sharing the company’s BTC holdings tracker on X, echoing Strategy chairman Michael Saylor’s announcement pattern ahead of purchase disclosures. Strive’s confirmed Bitcoin holdings stood at 43,124 BTC as of November 2, following the acquisition of 15,124 BTC in October. link

More News

Institution | Goldman Sachs, Citigroup, Banco Santander and Deutsche Bank have committed approximately US$270 million to fund a bank-backed stablecoin venture over its first five years. The initiative, backed by a consortium of 21 financial institutions, plans to launch a US dollar stablecoin in the first half of 2027, followed by a euro-denominated token. link

Institution | Trump Media and Technology Group reported US$409.7 million in net income for Q3 2026, reversing a US$54.8 million loss a year earlier. The result was primarily driven by US$496.1 million in realized and unrealized gains on digital assets and equity securities. Quarterly revenue also increased 205% year-over-year to US$3 million, while adjusted EBITDA remained at a loss of US$12.3 million. link

Institution | Morgan Stanley has agreed to acquire Vinyl Equity, an SEC-registered digital transfer agent, to expand its equity administration and share transfer services. The acquisition will also support the bank’s future tokenization initiatives and is expected to close in Q1 2027, subject to customary conditions. link

Institution | Ethereum treasury firm SharpLink reported US$751.4 million in Q3 net income, up from US$104.3 million a year earlier, primarily driven by US$676.7 million in unrealized crypto gains. Revenue increased 24% year-over-year to US$13.5 million, while ETH holdings reached 895,117 as of November 2. link

Technology | SpaceX has proposed a US$24 billion gas-powered supercomputer and power plant project in Starbase, Texas. The investment is approximately 17 times the value of its 18,712 BTC holdings, currently worth around US$1.39 billion. link

Regulation | The Bank of Russia has approved Bitcoin, Ether and Tether’s USDT for retail trading through regulated intermediaries, with the new rules taking effect on November 17. Non-qualified investors will face an annual purchase limit of 300,000 rubles (approximately US$3,700) per intermediary, while qualified investors will have no purchase limit. All investors must pass a test before trading. link

Tokenization | Apple and Meta have formally objected to OKXICE’s plans to offer tokenized versions of their shares, completing the withdrawal of all seven Magnificent Seven companies from the platform. The total number of corporate objections has reached 67, including 56 of the 62 companies initially selected, highlighting challenges in securing issuer participation for third-party tokenized stocks. link

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