The National Housing Policy Strategy through 2033 is set to be approved by the end of this year, said Vitaliy Bezgin, Minister of Communities, Territories, and IDPs, as he opened the first Annual Housing Conference in Kyiv.
“The government has planned for 2026 the preparation of the State Strategy for Housing Policy through 2033 and an implementation plan for 2027–2029. We are updating legislation on social housing and improving the management of the housing stock,” Bezgin said.
According to him, Ukraine’s State Housing Strategy through 2033, which is scheduled to be adopted by the end of the year, is intended to serve as the foundation for practical steps at both the national and local levels. The Annual Housing Conference is expected to yield concrete proposals that can be implemented by parliament, the government, and local communities with the support of international partners.
“Every day, Russia strikes at the homes of Ukrainians; every day, people are forced to leave their homes, particularly due to evacuation. Housing policy, support for communities, and work with internally displaced persons are interconnected areas. Our programs should be built around these areas: housing vouchers for IDPs, ‘eRecovery,’ and solutions for social housing, among others. The 2027 draft budget allocates 30.5 billion hryvnias for housing programs, which is 10.8 billion hryvnias more than last year. ‘Housing remains the focus,’ Bezgin added.
The minister emphasized that, given the unprecedented challenges, housing policy must become the state’s absolute priority. “Investments in housing are investments in people, in economic stability, and in Ukraine’s future,” he noted.
The first annual housing conference, “Housing Recovery, Community Revitalization: Scaling Housing Solutions for Ukraine’s Recovery and Development,” will run through November 5. It will bring together over 1,000 representatives from government, communities, international organizations, the business sector, and the expert community.
Over the course of three days, more than 1,000 participants (representatives of national and local authorities, international organizations, the business community, and others) will discuss the reconstruction of destroyed housing, the development of social and affordable housing, financing for the housing sector, and the comprehensive recovery of communities. The program includes four plenary sessions and 59 technical sessions organized into six thematic areas.
The conference is organized by the Ministry of Communities, Territories, and IDPs of Ukraine and the World Bank Group. The event is supported by the Government of Austria and the Aid, Recovery, Reconstruction, and Reform Fund (URTF).
The Ministry of Economy and Environment has begun developing Ukraine’s industrial strategy through 2030 and plans to present a draft for discussion with the professional community over the course of three months, Deputy Minister Vitaliy Kindrativ said.
According to him, the Federation of Employers of Ukraine (FEU), the Institute of Economic Modeling, relevant industry associations, and experts are involved in drafting the document.
“Our priority today is, on the one hand, to support the domestic manufacturing industry and, on the other, to help it enter foreign markets,” the deputy minister emphasized during the 12th Kyiv International Economic Forum (KIEF) on the topic “People. Business. Economy. What’s Next?” on Monday in Kyiv, according to an Interfax-Ukraine correspondent.
Kindratov noted that the strategy will focus on sectors with high added value and the potential to enter foreign markets, particularly in machine building, the manufacturing industry, and agricultural processing.
He emphasized that once work on the document is completed, it will be discussed with relevant business associations, whose position will form the basis for its final approval by the government. Furthermore, in his view, a clear definition of priority sectors and government support programs will serve as an important signal for attracting foreign investment and capital into the Ukrainian economy.
For his part, Ruslan Illichev, CEO of the Federation of Ukrainian Industries (FUI), emphasized that the document must be based on the real needs of domestic businesses.
“This strategy must be based, first and foremost, on the perspectives of the industries operating in Ukraine. We need to take our most competitive existing industries and ask what they need to scale up,” the FRU head stressed.
Ilychev added that key components of the document should also include ensuring maximum localization in large government and infrastructure projects and coordinating overall industrial policy with European partners to integrate Ukraine into EU markets.
According to Fixygen, the strategies of the largest public companies that have built up cryptocurrency reserves began to diverge significantly in September.
Strategy, the largest corporate holder of Bitcoin, has not purchased any BTC for the second week in a row. Instead, the company allocated approximately $139.3 million to repurchase its own STRC preferred shares.
As of September 13, Strategy held approximately 845.05 thousand BTC, purchased for a total of $63.73 billion. The average purchase price was about $75.4 thousand per Bitcoin.
In other words, the company temporarily redirected part of its free liquidity from Bitcoin accumulation toward managing its own capital structure.
For Strategy, the STRC buyback makes economic sense, as it allows the company to reduce future dividend obligations if the securities trade below their par value of $100. The company announced back in the summer that it intends to regularly repurchase STRC at a significant discount.
BitMine Immersion Technologies is pursuing a completely opposite strategy.
On September 14, the company reported that it had increased its reserves to 5.96 million ETH, which corresponds to approximately 4.9% of Ethereum’s total supply of 122 million tokens.
Over the course of the week, BitMine acquired an additional 27,000 ETH, bringing it closer to its goal of holding 5% of Ethereum’s supply.
The company estimates the total value of its crypto assets and cash reserves at approximately $15.8 billion.
The difference between the two models is becoming increasingly apparent. Strategy is effectively building a financial company centered on Bitcoin and managing a complex system of common stock, preferred securities, and debt capital.
BitMine, on the other hand, is trying to accumulate Ethereum as quickly as possible while simultaneously capitalizing on the opportunity to generate income from staking.
This divergence points to the next stage in the development of companies managing digital assets: the market is beginning to evaluate not only the quantity of accumulated coins, but also the method of financing, the cost of capital, the return on assets, and the risk of dilution for shareholders.
According to Fixygen, public companies worldwide control approximately 1.264 million BTC worth nearly $99 billion, as reported by The Block’s Bitcoin Treasury Tracker as of the end of August.
The largest holders:
Strategy — 840,447 BTC
Twenty One Capital — 43,514 BTC
Metaplanet — 43,000 BTC
MARA — 35,303 BTC
Cantor Equity Partners I / future BSTR — 30,021 BTC
Galaxy Digital — 25,723 BTC
Bullish — 24,400 BTC
Strive — 19,999 BTC
SpaceX — 18,712 BTC
Riot Platforms — 15,680 BTC.
Separately, Coinbase holds 15,389 BTC, Tesla — 11,509 BTC, and Block — 9,032 BTC.
The main feature of the ranking is its extreme concentration. A single strategy accounts for about two-thirds of all BTC held by the tracked public companies.
According to Fixygen, Strategy remains the world’s largest corporate holder of bitcoin. As of August 23, the company held 840,447 BTC, or about 4% of the maximum possible supply of the first cryptocurrency.
At a BTC price of $77,004, its Bitcoin reserves were valued at $64.72 billion, while Strategy’s market capitalization stood at approximately $49.6 billion.
At first glance, it appears that investors value the entire company at less than the value of the Bitcoin it holds.
However, this comparison is incomplete. In addition to BTC, Strategy held $6.69 billion in dollar-denominated assets, but at the same time had approximately $6.75 billion in debt and $14.97 billion in preferred stock, which ranks higher than common shareholders in the capital structure.
After accounting for these liabilities, Strategy itself estimated the net value of its reserves at approximately $49.68 billion—nearly the same as its market capitalization.
This is precisely why the company’s mNAV ratio as of August 23 stood at around 1.01x. In other words, the huge premium that investors previously paid for the opportunity to gain indirect exposure to bitcoin through MSTR has virtually disappeared.
This is a fundamental shift in Sailor’s model: Strategy remains the world’s largest Bitcoin treasury, but its stock is increasingly valued as a financial entity with BTC, debt, and expensive preferred equity, rather than as “Bitcoin at a premium.”
According to Fixygen, the American company Strategy Inc. sold $216 million worth of Bitcoin, marking the company’s largest cryptocurrency sale since it began building its Bitcoin portfolio in 2020.
This is an important psychological signal for the crypto market. Strategy has long been viewed as one of Bitcoin’s leading corporate supporters and a role model for companies considering BTC as a reserve asset. Therefore, even a partial sale could heighten investors’ doubts about the sustainability of corporate demand for cryptocurrency.
According to the company, this is only its third Bitcoin sale since 2020. However, the scale of the transaction significantly exceeds previous ones, and the timing was chosen amid a weak market: on Monday, Bitcoin fell by 1.9% to $61,532, and has lost 30% of its value since the start of the year.
An additional negative factor was Strategy’s $8.32 billion loss on digital assets for April–June. This illustrates just how sensitive the company’s business model has become to Bitcoin’s revaluation and the crypto market’s decline.
Strategy’s stock fell 4.5% in pre-market trading on Monday. Since the beginning of the year, the company’s market capitalization has shrunk by nearly 34%—to $35.3 billion—while the Nasdaq Composite Index rose by more than 11% over the same period. This means that investors no longer view Strategy as a typical technology company, but rather as a high-risk proxy for Bitcoin.
For the crypto world, the main issue is not the amount of the sale itself, but the shift in perception. If a company that has spent years building an image as the largest corporate holder of BTC begins to sell the asset in significant volumes, the market may see this as a signal: even long-term institutional holders are forced to lock in liquidity or reduce risk.
In the short term, this could intensify pressure on Bitcoin and related stocks, especially if investors begin to anticipate further sales. More broadly, the Strategy case shows that corporate Bitcoin holdings remain not only an investment story but also a source of volatility for balance sheets, financial reporting, and the stock market.
The crypto market will now be watching not only the Bitcoin price and ETF flows but also whether Strategy continues its sales. If these turn out to be a one-time transaction, the impact may be limited. However, if the company begins to systematically reduce its position, it will be one of the most significant bearish signals for the market since 2020.
