Each token is backed by one troy ounce of physical gold held in reserve, bringing total holdings to 154 tons.

Renewed spot exchange-traded fund (ETF) inflows and steady purchases by Michael Saylor's Strategy drove much of that demand.

The two preceding weekly purchases totaled 101,901 ETH and 101,627 ETH, respectively.

The token will also underpin a consumer-facing product called "Stable by Western Union," set to launch across more than 40 countries in 2026.

Hut 8 said the refinancing supports its goal of reducing the cost of debt on Bitcoin-backed credit and lowering its overall cost of capital.

The capital will fund data centers, graphics processing unit (GPU) compute operations, and related AI investments.

The AI sector is having one of its strongest weeks in months, surging 5.2% week-over-week to break above a $19 billion market capitalization.

Strategy currently holds 818,334 BTC, representing approximately 3.9% of Bitcoin's total 21 million supply.

Payward said it plans to expand Bitnomial's team as it builds out the domestic derivatives operation.

Back holds over 39.5 million shares, representing 9.97% of the company on a fully diluted basis. Back is best