# Trenches Today — October 6, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-10-06
Published: 2026-10-06T05:03:15.832Z
Updated: 2026-10-06T05:03:15.832Z
Edition: 20261006
Revision: 1
Content hash: 2f7cb13a2b8e85182bb82949fb9ad39e8fe52ea2c1fcced6772aa9294557f61d

> The Block reported that Strategy bought 334 bitcoin for $28.7 million as total holdings top 848,000 BTC.

## Lead story: Strategy buys 334 bitcoin for $28.7 million as total holdings top 848,000 BTC

The Block reported that Strategy bought 334 bitcoin for $28.7 million as total holdings top 848,000 BTC.

- Strategy added 334 BTC for $28.7 million, bringing total treasury holdings above 848,000 BTC.

Original source: [the-block](https://www.theblock.co/news/business/2026-10-05-more-orange-than-ever-michael-saylor-strategy-bitcoin-417631)

## Complete edition

### Ethereum & L2

#### Bitmine acquires $41M in Ethereum, approaching 5% supply target

Topic: Ethereum & L2 · Signal: rails

Bitmine purchased $41M more Ethereum, bringing its stash past 6 million ETH (4.9% of supply) and reaching 99% of its Alchemy of 5% goal.

Edition link: https://trenchestoday.xyz/editions/2026-10-06#story-story_c57f7db13e2e9a928ddd
Original source: [decrypt](https://decrypt.co/380059/bitmine-41m-more-ethereum-alchemy-of-5-target)

### Markets & Macro

#### Bitcoin ETFs notch third inflow week as Ether ETFs shed $138M

Topic: Markets & Macro · Signal: rails

Bitcoin ETF inflows reached a third straight week, while Ether ETFs swung to outflows and Zcash funds posted their first weekly outflow.

Edition link: https://trenchestoday.xyz/editions/2026-10-06#story-story_089c38a7cea5ae3c80c1
Original source: [cointelegraph](https://cointelegraph.com/markets/bitcoin-etf-third-inflow-week-ether-funds-red)

#### Bitcoin approaches major bullish technical pattern last seen over a year ago

Topic: Markets & Macro · Signal: rails

Key price averages are on the verge of confirming a major bullish configuration for the first time in over a year.

Edition link: https://trenchestoday.xyz/editions/2026-10-06#story-story_9acf100674ad8ea5e495
Original source: [coindesk](https://www.coindesk.com/markets/2026/10/05/bitcoin-is-about-to-get-a-major-bullish-signal-it-hasn-t-had-in-over-a-year)

#### Injective CEO expects US INJ ETFs ahead of 2027 timeline

Topic: Markets & Macro · Signal: rails

Injective CEO Eric Chen expects US INJ ETFs to launch sooner than 2027, with three applications currently pending.

Edition link: https://trenchestoday.xyz/editions/2026-10-06#story-story_b9d4386f50b02978d95a
Original source: [the-block](https://www.theblock.co/news/defi/2026-10-05-injective-ceo-eric-inj-etf-417616)

### Industry & Other

#### XRP treasury SPAC surges nearly 300% ahead of Evernorth merger

Topic: Industry & Other · Signal: rails

Armada Acquisition Corp. II rose about 270% last week, leaving the thinly traded shell at nearly four times its roughly $10.50 trust value before merging with Evernorth, an XPR treasury company, according to CoinDesk.

Edition link: https://trenchestoday.xyz/editions/2026-10-06#story-story_894169a899d66580d7d9
Original source: [coindesk](https://www.coindesk.com/markets/2026/10/05/xrp-treasury-spac-surges-nearly-300-ahead-of-evernorth-merger)

## Corrections

No corrections recorded for this revision.

## Use and attribution

Trenches Today is a source-linked editorial synthesis. Cite the canonical edition URL and retain links to the original reporting when referring to a specific claim.