No direct link to offer, sent out via e-mail. Subject line is ‘Give your cash a 7% APY boost.’
Bonus rate is offered on funds sitting in brokerage cash. Better than other standard rates but only valid for 60 days so not worth getting too excited over.
Hat tip to DDG
A dozen of the digital asset treasury (DAT) companies that started buying and holding Bitcoin (BTC +2.40%) last year have already sold all their coins. According to Bitwise’s October 2026 market report, the sales were mostly performed to repay debt or return cash to investors after their stocks fell.
Although this might seem bearish for Bitcoin, the reality is a bit sunnier, so let’s analyze the impact of these treasury companies cashing out.
$81,417.00+$1,905.37 (+2.40%)
CRYPTO · As of 6:27 AM ET 10/28/26
The 2025 class of DATs all followed the same game plan, which was pioneered by Strategy (MSTR +1.13%). That plan was to sell their shares or new debt to the market, use the proceeds to buy more coins, and then repeat while their stock traded above their coins’ value; once that premium vanished, the script ran backward.
Sequans Communications, a chipmaker with a Bitcoin treasury, is an illustrative example. It launched its plan in June 2025, subsequently accumulating more than 3,200 coins, and by Sept. 24 of this year, it had sold the last of them after Bitcoin sales had already been used to eliminate its convertible debt.
Most of the sellers among the DATs probably took steep losses, as Bitcoin was in a bull market until October 2025, after which it entered into a bear market that sent its price below their cost basis. Public companies held Bitcoin at an average cost of $80,500 in September 2026, and that average includes the $75,412 per coin paid by Strategy, the biggest and first DAT.
Image source: The Motley Fool.
So the rest paid more for their coins during the bull market, and then sold them in the bear market, when the price was lowest. It’s often been said that the best approach is the opposite course of action: to buy low and then later sell high. That’s easier said than done, apparently.
The more important point here is that all the selling those holders did ended up barely denting the coin’s price.
In the third quarter of this year, Bitcoin’s miners produced about 41,400 coins, so corporations absorbed a net of about 18% of new supply in that quarter. Meanwhile, other big buyers, like spot Bitcoin exchange-traded funds (ETFs), acquired $6.4 billion worth of the crypto.
So the sellers never controlled much of the supply anyway, and now they’re out of the market. That suggests the future impact of their sales is nil.
The impact that smaller digital asset treasury companies had on Bitcoin’s price is a different matter from the impact that Strategy has.
It held 848,517 coins as of Oct. 26, which is about 4% of Bitcoin’s 21 million total supply limit. Although it has sold small portions of its coins from time to time, it controls enough of the supply that if it became a big seller, it would be a very big detriment to price.
$141.40+$1.58 (+1.13%)
NASDAQ · As of 4:00 PM ET 10/27/26
Nonetheless, Strategy’s size alone hasn’t been able to impact the price via its purchases in instances where the market was already moving in the opposite direction. For instance, Strategy added 83,901 coins in Q2 2026, but Bitcoin still fell in June to its bear market depths, about 52% below its $126,080 peak. That doesn’t particularly matter in the long run, as locking up more coins is still an upward pressure on price because it makes new buyers compete with each other to gain control of a portion of the supply.
A future DAT capable of moving the coin’s price directly would need a huge stack, and, critically, it would need the nerve to keep buying through bear markets and dips, which Strategy has shown more consistently than its rivals. And matching Strategy’s hoard would cost about $69.2 billion, which makes a new giant among cryptocurrency stocks unlikely anytime soon.
Bitcoin rebounds to $81.5k as tech rally buoys risk appetite; Fed meeting awaited
![[Intermediate Accounting] Discussion 13 – Investments in Equity and Debt Securities](https://globalinvestmentstrategy.com/wp-content/uploads/2026/10/1793168175_maxresdefault-768x432.jpg "[Intermediate Accounting] Discussion 13 – Investments in Equity and Debt Securities")
Hi! This is Sir Chua’s Accounting Lessons PH.
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Intermediate Accounting
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Discussion 13
Investments in Equity and Debt Securities
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Kevin Troy M. Chua, CPA
*Certified Public Accountant, October 2014
*CIPP UK Certified Payroll Professional®, October 2020
*Certified Tax Technician, November 2020
*BS Accountancy
*Master in Accountancy, Major in Management Accounting
*NC-III Bookkeeping, TESDA
*Content Developer for Accountancy – Course Hero
*Accounting and Finance Lecturer
*Formerly from PwC – Isla Lipana & Co. and SM
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For comments and suggestions, you may put them down respectfully in the comments section below.
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For speakership invites, please do not hesitate to shoot an email at kevintroy.chua1994@gmail.com
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Opening and closing music:
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TO GOD BE ALL THE GLORY, HONOR, AND PRAISE FOREVERMORE!
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“Renters, this is your year,” Zillow senior economist Kara Ng recently told NPR. It’s apparently a good time to be a tenant, as nearly 40% of listings on the market were being offered with a concession from the landlord as of June, according to a recent report from Zillow.
However, before landlords wring their hands in despair at the idea of a free month’s rent and lost revenue, it’s worth drilling down into the data—as the numbers can be misleading.
According to Zillow’s June rental market analysis, the typical U.S. average rent reached $1,965, a 2.2% increase from a year before. However, with concessions up nearly 5% from the previous year, the cost of getting into an apartment could look good from a tenant’s perspective.
For smaller landlords, analyzing which markets are offering the most concessions and why, and where rents are increasing, can help you determine how to price your units and whether to jump aboard the concession cavalcade.
The cities offering the greatest number of concessions are those where new apartment development has been most robust and supply has increased. Zillow found that 67.1% of listings in Charlotte offered concessions in June, followed by Denver at 65.9% and Dallas at 64.6%.
Rents were down in San Antonio (1.8%), Austin (1.7%), and Denver (1.3%). Much of the new inventory coming to market resulted from 600,000 new apartment units being constructed in 2024, the most in 38 years.
“There’s a lot of apartment buildings hitting the market all at once,” Ng told NPR. “And property managers are trying to fill it, and they’re doing it with freebies.”
For small investors looking for a city to buy in, the lesson is simple: Stay away from cities that are oversupplied, unless you’re prepared to wait a while to get your place rented.
Conversely, in low-supply, high-demand markets, rent growth is up, according to Zillow. Northern California’s pricey San Francisco (up 8.2%) and San Jose (up 6.2%) are enjoying an AI boom, with affluent tenants willing to pay ever-increasing prices in a tight housing market.
“The U.S. built more new units in 2024 than any year in the past half-century, but that boom largely bypassed the Northeast and coastal California, which is exactly why rental competition there is so intense,” Ng said in a Zillow press release.
Zillow says single-family rents were up 3% year over year in June to $2,320, double the 1.5% gain for apartments, now at $1,789.
Providence, Rhode Island, a small city with a population of 195,000 that is both pricey and has a housing shortage, made Zillow’s list of the hottest rental markets of 2026, with the lowest number of landlords offering concessions.
The best cities to be a landlord in 2026 are likely to differ depending on who you ask, but most surveys end up saying roughly the same thing: The Midwest, with a few Southern cities thrown in, makes for the best place to invest your money if cash flow is a priority.
Landlord insurance specialist Obie Insurance took affordability, a growing job market, and population increases into consideration when compiling its list for cities likely to give you the greatest return on investment.
Despite the deluge of new construction and subsequent landlord concessions, if you prefer investing in a warmer climate, there are still some places in the Sunbelt where you can get a decent ROI.
Headlines are designed to get your attention, but the devil is in the details. There are good and bad markets within most metros. Detroit, Memphis, and Columbus are also mentioned as favorable rental markets, but good investments are very much a neighborhood-to-neighborhood, and sometimes street-to-street, proposition.
One important thing to distinguish from headlines that use the words “rental market” is that they often refer to large apartment buildings with amenities and funded by Wall Street. These buildings can afford to offer concessions because they have so many units and often factor them into their lease-up models to entice residents—a move often followed by rapid rent hikes!
As a small investor, you can afford to be a little more nuanced—renting for less, with moderate rent increases and no junk fees (parking, tech, and trash) to keep tenants in your rental. That’s a win-win. In that respect, every year can be a renters’ year.
Robinhood is sending out a new offer to select Robinhood Gold members, giving them a chance to earn an impressive 7% APY on up to $10,000 in eligible brokerage cash for 60 days.
The regular Robinhood Gold cash rate is currently advertised at 3.6% APY, so this promotion nearly doubles the return for a limited time.
The offer was sent by email with the subject line “Give your cash a 7% APY boost.”
Here’s how the offer works:
The offer applies to uninvested brokerage cash, so you don’t need to buy stocks or other investments to earn the boosted rate.
With the increased 7% promotional APY you can earn $112 on a $10,000 balance for 60 days. But that’s just a bonus of $54 compared to the regular rate.
While rivals buy their way into new markets, Atlantic Bay Mortgage Group is getting there through state licenses.
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The company’s arrival into Ohio and Louisiana last month points to the type of regional opportunities lenders still see for expansion in today’s challenging business environment, while presenting an alternative to companies for entry into new markets beyond full-on mergers.
Atlantic Bay, which said it would recruit Ohio mortgage bankers to join its team, is now licensed in 19 states located primarily in the Southeast and Mid-Atlantic regions.
“We’re excited to expand Atlantic Bay’s presence into Ohio and strengthen our ability to serve families and communities throughout America’s Heartland,” said Kevin Cooke, executive vice president and regional manager at the lender, who will oversee operations in the Buckeye State.
“Ohio is a natural extension of our growing footprint and completes our presence across the Kentucky, Indiana and Ohio tristate region,” Cooke added. In Cincinnati, Atlantic Bay’s new presence complements existing resources in Kentucky and Indiana, with buyers in the metropolitan market often searching in nearby suburbs across all three states.
In 2025, Atlantic Bay generated just over $4 billion in loans representing more than 13,000 units, according to an IEmergent analysis of Home Mortgage Disclosure Act data.
The news comes amid a mortgage industry consolidation wave, which has been characterized by scores of new mergers or acquisitions over the past year. While most companies seeking to grow their footprint have done so through merger agreements
The Midwest is regularly cited as a region seeing
On the retail lending front where Atlantic Bay mainly operates, rivals are also increasing their operational scope through channel or asset acquisitions this year. Companies like CMG Financial, Envoy Mortgage and
Imagine you’re a manager making an internal hire. You are considering two finalists: Monica and Jessica. Each comes from a different department, so you can’t compare them directly. Instead, you rely on their managers’ rankings of them within their teams. Monica is ranked third out of 12 employees in her department, and Jessica is ranked sixth out of 24 in hers. Who do you hire?
Chinese audiences may be happy to let AI generate their microdramas—but a fully AI-generated feature film may be a step too far.
China’s first AI-generated feature to release in cinemas, the sci-fi thriller Sanxingdui: Future Past, flopped at the Chinese box office. The movie, produced by Bona Film Group, tells the story of an archaeologist who must save the future world enslaved by AI, according to Chinese state media. It only managed to generate an estimated $180,000 through Monday, according to ticketing platform Maoyan. The film had a budget of $1.5 million, according to AFP.
Jiang Defu, the company’s chief operating officer, acknowledged the film’s lukewarm reception in an interview with Chinese film outlet Yuli. Still, he argued Sanxingdui was an important experiment. “We are the first to try it, the first to get a theatrical release permit, and the first to be tested by the audience,” he said. “I think that is not easy at all.”
Fortune has reached out to Bona Film Group for comment.
Social media reactions to the film have been mixed. “China’s first AI movie totally traumatized me,” wrote one user on Xiaohongshu, a Chinese social media platform similar to Instagram. Another user was more positive: “My biggest takeaway? AI movies are super low-cost and let you tell stories with complete freedom.”
AI has already taken over microdramas, or shorter narratives designed for social media platforms like TikTok. According to Caixin, over 95% of the more than 120,000 Chinese microdramas released in the first quarter of 2026 were AI-generated, compared with nearly zero just a year ago. The cost of making these dramas has plummeted too, down to as little as $3,000.
But Sanxingdui’s flop suggests that consumers don’t want to see AI in a full-length movie.
“The public is highly skeptical about AI use in major feature films, despite their general acceptance of short-form films,” said Stanley Rosen, a University of Southern California professor who specializes in Chinese film and society.
In the U.S., the use of AI in filmmaking is controversial. In 2023, U.S. screenwriters and actors went on strike, in part to demand protections against the use of AI. AI models like those from ByteDance and Higgsfield AI are already being used in Hollywood productions.
On Oct. 9, Netflix released its crime thriller “Animals,” whose director Ben Affleck admitted that he had used AI. “I used [AI] for lots of things in that movie,” Affleck said during a Bloomberg event, adding that he was “a little bit hesitant to point out what they are” because movies are meant to “foster the illusion of reality.”
Rosen says that he isn’t convinced that audiences would watch an AI-generated film in theatres unless it could match the quality of the likes of “Avatar” or “Nezha 2.” Such films may instead find a home on streaming platforms such as Netflix and Amazon Prime Video. “The financial loss of Sanxingdui: Future Past will compel others contemplating using AI for feature films to tread more carefully,” he says.
Update 10/27/26: Previous link dead, this link still working. Hat tip to Emhyr
Direct link to offer
Card was recently refreshed, here are the updated details:
This is the highest bonus ever at 125k whereas previously we were seeing a high of 100k. They did increase the spend from $10k to $15k and some people will prefer the old offer. Still, if someone can do the spend, the extra 25k miles for $5,000 spend isn’t a bad deal.
As part of the revamp, the annual fee is now $695 instead of $595 which makes it harder to justify long term. The new $500 vacation booking credits will help for some people, though many will find this primarily attractive for the first year with the 125k signup bonus. We will add it to the best credit card bonuses.
