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Two in three affluent investors hold crypto, according to a CoinShares survey across seven markets, yet few of their advisers recommend it. Sweden stands out as the most cautious market in the survey.
Some stories in Kaupr Daily:
💎 Eleven firms join forces to get a euro stablecoin into use
💎 Businesses account for 17% of Visa's stablecoin card volume
💎 Oslo-listed Ace Digital grows its bitcoin exposure without buying bitcoin
💎 Nasdaq hits a record as Treasury yields climb
💎 Done brings buy now, pay later to business invoices in Norway
More than 430 have registered for tomorrow's live event with Virtune on how to invest in the tokenization trends, and there is still room: Register for free →
— Morten
What affluent investors do with crypto
Two in three affluent investors hold crypto, CoinShares finds
CoinShares surveyed 2,230 investors with at least $500,000 to invest in the US, UK, France, Germany, Italy, Switzerland and Sweden. Two in three hold crypto, at around 10% of their portfolio, and only 6% invest for short-term gains. Yet only 13% of financial advisers actively recommend digital assets, according to CoinShares.
Laurence Vardaxoglou (left), Associate Researcher, and Benoît Pellevoizin, Head of Marketing, presented the CoinShares Affluent Investor Crypto Report 2026 in London.
Why it matters: Wealthy investors are already in, while most of the advisers who manage their money are not. That gap is the opening CoinShares sees.
Affluent Swedes are the most crypto-sceptical in the survey
In CoinShares' survey, 54% of affluent Swedes hold crypto, the lowest of the seven markets, and 52% call themselves observers with minimal exposure. Only 34% have a wealth manager who includes crypto, and just 24% are extremely likely to increase their exposure this year, against 46% across Europe.
Why it matters: Swedish traditional finance embraces the technology but not the asset class, CoinShares says, leaving a large group of interested investors without advice.
Stablecoins move into everyday use
Eleven firms join forces to get a euro stablecoin into use
eToro, SwissBorg, Coinmerce, RockawayX and seven other firms have formed the Eurøpe Consortium, launched in Paris on 5 October, to get the euro stablecoin EURØP into practical use. Schuman Financial issues the token under MiCA. The dollar accounts for about 99% of the stablecoin market, the euro for under 1%.
Why it matters: MiCA gave euro stablecoins rules, but not distribution or liquidity. The consortium is an attempt to build the use that regulation alone does not create.
Source: Eleven firms join forces to get a euro stablecoin into use — Kaupr
Businesses account for 17% of Visa's stablecoin card volume
Visa now supports more than 160 card programmes linked to stablecoins, and their payment volume has grown nearly 200% in a year. About 17% of that volume comes from business cards so far in fiscal 2026. Data firm Allium, which Visa cites, finds businesses are the recipient in 58–64% of all stablecoin payments.
Why it matters: Stablecoins are moving from trading between crypto exchanges into supplier payments, payroll and treasury, the everyday flows of business.
How companies build bitcoin exposure
Ace Digital earns NOK 6.3 million and grows its bitcoin exposure without buying
Oslo-listed Ace Digital made a profit of NOK 6.3 million in the third quarter, according to an unaudited update. Equity rose to NOK 39.1 million and the company is debt-free. Its bitcoin holding grew from 1.6 to 5.3 BTC through options, without any purchases; total economic exposure is about 57 bitcoin.
Why it matters: Ace Digital shows a smaller treasury company using options and preferred securities, not just purchases, to build bitcoin exposure on limited capital.
Source: Ace Digital posts NOK 6.3 million profit in third quarter — Kaupr
Four listed companies add 3,342 BTC in a week
Four listed companies bought a combined 3,342 BTC, worth about $286 million, from 28 September to 4 October, according to LookOnChain data. Strive bought 2,000, Metaplanet 1,000, Strategy 334 and Remixpoint 8. Tracked public treasury companies now hold about 923,000 BTC, with Strategy, the largest holder, at 848,000.
Why it matters: Companies keep buying bitcoin every week, and a handful of them now hold a large share of the corporate total.
Source: Bitcoin Treasury Accumulation Hits 3,342 BTC as Liquidity Rotates — Coinpedia
Stocks at a record as yields and the dollar climb
Nasdaq hits a record as Treasury yields climb
The Nasdaq Composite rose about 1% to a record on Monday, lifted by Nvidia, Meta and Microsoft, while the 10-year US Treasury yield rose to 5.31%. The euro fell to a 17-month low on concerns over France's debt. Investors now see a 24% chance of a Fed rate rise this month.
Why it matters: Morgan Stanley's Lisa Shalett says calm in equities makes sense given the AI boom, but she is watching high-yield spreads and dollar strength for signs of stress.
Source: Nasdaq hits record as dollar and Treasury yields climb, oil prices ease — Reuters
Bitcoin holds $86,000 as the dollar hits an 18-month high
The US dollar index reached about 102.5 on Monday, its highest in nearly 18 months, helped by September's Fed rate rise and a weaker euro. A strong dollar and high yields usually work against risk assets, including bitcoin, CoinDesk notes. Bitcoin is nevertheless holding around $86,000 after a strong start to October.
Why it matters: Markets are pricing further Fed tightening into 2027, which keeps cash and government bonds attractive against stocks and bitcoin.
Source: Bitcoin resilience tested as U.S. dollar climbs to 18-month high — CoinDesk
Buy now, pay later comes to business invoices
Done.ai brings buy now, pay later to business invoices in Norway
Done.ai has launched Done BNPL inside the Finago accounting system, letting businesses that receive an invoice pay it over up to 36 months while the supplier is paid in full at once. Sweden's Nordiska provides the credit, approval runs through BankID, and Done.ai takes no credit risk itself. It starts with Norwegian customers.
Why it matters: Klarna made paying later standard for consumers. Done.ai wants to bring the same model to the business invoice, where Nordic payment times often stretch to months.
Source: Done.ai brings buy now, pay later to business invoices in Norway — Kaupr
A Swedish crypto fund opens to outside investors
Hilbert opens Enigma's crypto strategy to outside investors
Swedish Hilbert Group, listed on Nasdaq First North, has launched Enigma One, the first fund giving outside investors access to the trading platform it bought in January. The market-neutral fund is capped at $5 million and charges a 2% management fee and a 30% performance fee. Onchain subscriptions through Syntetika open today.
Why it matters: Hilbert is turning proprietary trading into fee income, and offering the fund onchain rather than only through traditional channels.
Source: Hilbert opens Enigma's crypto strategy to outside investors — Kaupr
📅 Tomorrow: How to invest in the tokenization trends
More than 430 have registered, and there is still room. Kaupr and Virtune go live online on Wednesday 7 October, 11:00–12:30 CET, and it is free. Virtune's CEO Christopher Kock and CSO Andreas Severin discuss which platforms the financial industry is building on, and how investors can get exposure through ETPs via the broker or bank they already use. Moderated by Morten Myrstad.
Kaupr Today comes in two editions
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Wishing you a great Monday — and welcome back tomorrow morning for the next edition of Kaupr Today.
Best regards Morten Myrstad Founder & Editor