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News · Sep 29, 2026 · 3 min read

Bitcoin today: Strategy buys above the market, Bitget pays out, tariff cuts skip miners

Strategy paid $85,681 a coin last week and bitcoin is now $2,200 under that, Bitget is paying withdrawals back in stages, and the new US–China tariff cuts cover toys and corn but no mining hardware. Hashprice ended the week where it began.

A circular stainless-steel bank vault door standing open beside its empty vault, in a quiet marble corridor

Strategy paid $85,681 a coin for its latest 1,665 bitcoin, above where bitcoin trades now

Strategy disclosed on 28 September that it bought 1,665 bitcoin between 21 and 27 September for $142.7 million, an average of $85,681, according to its SEC filing. The purchases were paid for with stock sold through its at-the-market offering. The company now holds 847,666 bitcoin, bought at an average of $75,437.

Our data has bitcoin at $83,471 on 29 September, about 2.6% under the week's average purchase price. It last closed above $85,681 on 23 September, at $86,185. The purchases came after the September squeeze that we covered in the squeeze and the ETF flood.

Bitget began paying withdrawals back, one asset at a time

Bitget restored bitcoin withdrawals at 08:00 UTC on 28 September, with Ether due on 29 September, Tether on 30 September and everything else by 2 October, The Block reported. The exchange says the roughly $388 million stolen on 24 September will be covered in full by its User Protection Fund, which holds 5,500 bitcoin, and it describes the attackers as "state-backed".

We covered the theft and the North Korea link in the hack itself and in the wallet evidence. Bitcoin held its range through all of it: $84,444 at the 28 September close against $84,385 on the day of the hack.

Washington and Beijing cut tariffs on $60 billion of goods, none of them mining hardware

The White House announced on 28 September that the US and China will cut tariffs on $60 billion of goods, $30 billion each, after the Trump–Xi summit, and extended their trade truce to 10 January 2027, NBC News reported. China's list covers farm goods, seafood, timber, cosmetics and medical devices; America's covers small appliances, toys and children's car seats.

No electronics or technology hardware are on either list, so nothing changes yet for what a mining machine costs to import.

The White House blames Democrats as the Clarity Act stalls

The Senate failed on 15 September to reach the 60 votes needed to begin debate on the market-structure bill, voting 49 to 50, Coingape reported. On 29 September the White House put the blame on Democrats, saying they "put political games over doing what's best for American technology", while Democrats say the ethics language still does not cover the president's own crypto ventures.

With midterm elections in November, another Senate vote this year looks unlikely, and regulators are continuing under the laws they already have. That is the same ground as our piece on regulators writing the rules.

Citi and Coinbase extend their stablecoin partnership

Citi and Coinbase announced on 28 September that businesses using Citi's Spring platform will be able to accept stablecoin payments through Coinbase, with Citi settling the funds, The Block reported. Coinbase chief executive Brian Armstrong said: "It's not a debate anymore - crypto and stablecoins are the tools that will update the global financial system."

The announcement is about dollar tokens; bitcoin is not part of it.

Longs took the flush on Monday, and funding stayed flat

Our liquidations data show $92.9 million of long bitcoin positions force-closed on 28 September against $32.8 million of shorts, the biggest day for longs since the $131.1 million of 23 September. Funding on the perpetual stayed near zero through it, so this was leverage being trimmed rather than positioning turning.

The last ETF flow we hold is $134.5 million in on 25 September; the funds' Monday figure had not posted when we checked.

Chart: Bitcoin futures positions force-closed each day: shorts above the line, longs below. The 21 September squeeze and the 23 and 28 September long flushes stand out. Open the chart

What it means for miners

Hashprice, what a petahash earns in a day, was $40.26 on 28 September, down 2.5% from $41.31 on 22 September. In bitcoin terms it did not move: 0.000477 bitcoin per petahash per day on both days. The dollar dip is the price, not the network.

The buyers who bring coins off the market, Strategy and the ETFs, are still arriving, and none of this week's regulation or tariff news changes the cost of a machine or a kilowatt-hour. A miner who keeps the coins they mine sits on the same side of that trade as those buyers.

In coins, a miner earned the same on 28 September as on 22 September.

Sources and further reading

Disclosure

Firsthand Bitcoin sells and hosts mining hardware, including this machine. No manufacturer, distributor or affiliate programme paid for or reviewed this page and we take no commission on the links above. Historical figures are computed from daily bitcoin price and network hashprice, each day valued at its own prices. Nothing here is investment advice.