Strategy Raised $467M But Didn't Buy a Single Bitcoin | CoinDesk Daily

— Strategy raised $467 million through stock sales but made zero Bitcoin purchases, keeping holdings flat at 843,775 BTC despite BTC trading significantly below the company's $75,476 average buy price.

— Robinhood's blockchain achieved top-five DEX trading volume status within two weeks of launch, generating $3.1 billion in weekly DEX volume with over 65,000 users holding $13 million in tokenized stocks and $300 million in stablecoins.

— Ripple CEO Brad Garlinghouse disclosed that he and co-founder Chris Larson seriously considered shutting down the company and distributing XRP to shareholders after the SEC lawsuit in 2020, but chose to fight instead at a cost of $150 million in legal fees over four years.

— Strategy's decision to raise cash without buying Bitcoin at prices below their cost basis suggests cautious positioning; monitor whether the company views current levels as insufficient value or is preserving dry powder for lower prices.

— Robinhood's rapid DEX traction signals growing adoption of tokenized assets and stablecoin infrastructure; this may influence future network effects and liquidity depth for on-chain trading.