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We post daily the best Bitcoin, Cryptocurrency & Blockchain News. Admin: @LevoBNTG
💰 MicroStrategy’s $42 billion Bitcoin plan includes increasing shares from 330 million to 10 billion
In yesterday’s preliminary proxy statement with the SEC, MicroStrategy introduced a plan to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan. It outlines proposals for a 2025 Special Meeting of Stockholders, including efforts to raise $21 billion in equity and $21 billion through fixed-income instruments, potentially advancing the company’s role as a self-described Bitcoin Treasury Company.
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💰 ‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado.
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💰 Ark Invest CEO Cathie Wood predicts Bitcoin will top $1 million by decade’s end
Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins and growing institutional interest. She noted that BTC has already exceeded $108,000 in 2024 and will continue to grow in the coming years.
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💰 Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets
Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four.
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💰 MicroStrategy acquires another 15,350 bitcoin for $1.5 billion, taking holdings to 439,000 BTC
Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 15,350 for approximately $1.5 billion at an average price of $100,386 per bitcoin between Dec. 9 and Dec. 15, according to an 8-K filing with the Securities and Exchange Commission on Monday. As of Dec. 15, the company said approximately $7.65 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities, targeting a total $42 billion capital raise for further bitcoin acquisitions.
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💰 BlackRock recommends 2% starting allocation to Bitcoin in investment portfolios
According to a paper released Dec. 12, BlackRock suggests that a 1% to 2% Bitcoin allocation in multi-asset portfolios matches the risk levels found in portfolios holding technology stocks. The asset manager, which oversees trillions of dollars, frames this range as a strategic starting point for investors seeking diverse sources of risk.
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💰 MicroStrategy now controls over 2% of Bitcoin supply after latest $2.1 billion purchase
According to the US Securities and Exchange Commission (SEC) filing, the acquisition was funded by selling 5,418,449 shares for aggregate net proceeds of approximately $2.13 billion. The firm still has $9.19 billion available from its $21 billion at-the-market (ATM) share sale facility to fund future BTC purchases. This purchase brought the firm’s total holdings to 423,650 Bitcoin, representing over 2% of the flagship digital asset’s total supply.
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💰 Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea
Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ The idea of a national Bitcoin reserve surfaced during the Bitcoin 2024 conference earlier this year, where both Trump and Robert F. Kennedy Jr. made keynote speeches, along with several lawmakers, including Senator Cynthia Lummis (R-WY), who introduced the “Bitcoin Act” legislation proposing the creation of such an institute at the event.
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💰 Bitcoin ETFs cross $1 billion in early December as price threatens $100k
Bitcoin exchange-traded funds (ETFs) have attracted over $1 billion in inflows during the early days of December, according to recent Farside data. On Dec. 2, BlackRock led with $338.3 million in inflows, followed by Fidelity with $25.1 million. Total inflows for that day reached $353.6 million. The following day, Dec. 3, saw increased activity. BlackRock’s ETF recorded $693.3 million in inflows, while Fidelity added $52.2 million.
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💰 US spot bitcoin ETFs top $30 billion in cumulative inflows as BTC nears $100,000
U.S. spot bitcoin exchange-traded funds have reached over $30 billion in cumulative total net inflow for the first time since launching in January. The bitcoin ETFs have seen elevated amounts of trade volume and net inflows amid bullish market sentiment following the re-election of former president Donald Trump. The funds saw their total net asset value surpass the $100 billion milestone on Wednesday.
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💰 MicroStrategy completes its $3 billion debt offering to buy more bitcoin
MicroStrategy has completed a $3 billion debt offering to buy more bitcoins, according to an announcement on Thursday. According to the announcement, the offering was completed within three days. MicroStrategy initially sought to raise $1.75 billion but upsized the sale to $2.6 billion with an option for the initial purchasers to buy an additional $400 million in aggregate principal amount of the notes.
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💰 Bitcoin poised for growth amid Trump policies and economic optimism – Fundstrat’s Tom Lee
Bitcoin (BTC) is poised for continued growth amid supportive economic trends and political policies, according to Fundstrat Global Advisors managing partner Thomas Lee. Speaking during a CNBC interview on Nov. 18, Lee highlighted the flagship crypto’s resilience in the face of market uncertainty, predicting sustained momentum as key market and policy developments unfold.
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💰 206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs
According to 13F filings released so far for the past quarter, 206 companies listed in the US with over $100 million in assets invested have confirmed to the SEC ownership of spot Bitcoin ETF shares. Notable inclusions in the most recent wave of 13F filings include JP Morgan Chase, Goldman Sachs, Bank of Canada, HSBC, Morgan Stanley, Bank of America, UBS Group, and the State of Michigan Retirement Fund.
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💰 US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion
US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin’s pseudonymous creator Satoshi Nakamoto’s stash, estimated at 1.1 million BTC.
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💰 WSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’
The Wall Street Journal (WSJ) has raised alarms over a potential quantum computing threat to Bitcoin (BTC), describing it in a recent article as “a time bomb waiting to explode.” The article addresses the possibility of advances in quantum computing posing a risk to Bitcoin’s security and potentially becoming a threat to the entire blockchain industry.
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💰 MicroStrategy founder Michael Saylor advocates for Trump-backed 'strategic bitcoin reserve' in proposal to set crypto industry standards
MicroStrategy founder Michael Saylor has backed President-elect Donald Trump’s strategic bitcoin reserve in a digital asset policy proposal published on Friday. The so-called “Digital Assets Framework” also lays out a plan for the U.S. to support industry growth, set standards for compliance and communication, as well as set rights for crypto asset holders and companies.
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💰 Bitcoin dominance rises to 60% as altcoins falter
The recent downturn in the crypto market, marked by significant losses for major altcoins like Ethereum, Solana, and XRP, is driving investors back to Bitcoin. At the time, many analysts predicted the beginning of an “altseason.” This phase is characterized by altcoins outperforming Bitcoin as traders reduce their Bitcoin exposure to capitalize on high-liquidity altcoins. During this period, the Altcoin Index hit a yearly high of 90, reflecting strong capital flow into alternative digital assets.
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💰 EU urged to follow El Salvador’s lead with Bitcoin reserves by European MP
European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank’s (ECB) digital euro project. In a Dec. 17 video shared on X, Knafo criticized the ECB’s plan for a centralized digital currency, arguing it risks financial freedom and overreach.
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💰 Riot Platforms increases its bitcoin holdings by over 5,000 BTC
Riot Platforms announced on Friday that it had acquired 5,117 bitcoin between Dec. 10 and Dec. 12, 2024. The bitcoin miner's most recent acquisition of the largest digital asset came in at approximately $510 million, at an average price of approximately $99,669 per bitcoin, inclusive of fees and expenses. The company has now increased its total bitcoin holdings to 16,728.
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💰 Alabama state auditor calls to establish Bitcoin reserve
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.
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💰 Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement
Max Keiser, an international journalist and cryptocurrency advisor to the Bukele administration in El Salvador, has hinted at an upcoming announcement for the Muslim world regarding bitcoin. On social media, Keiser, now in Abu Dhabi, recalled the first time he declared that bitcoin complied with Sharia law, stressing it was no “riba,” meaning it doesn’t represent usury. “The Muslim world is minutes away from massive, global bitcoin FOMO.
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💰 Trump celebrates Bitcoin surpassing $100k milestone following election win
President-elect Donald Trump lauded Bitcoin’s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributed the milestone to his influence. Trump declared that Bitcoin investors are “welcome,” framing the surge as a testament to his pro-growth policies.
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💰 Metaplanet continues to emulate MicroStrategy with planned $62M Bitcoin expansion
Tokyo-listed investment firm Metaplanet plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio. In a Nov. 28 statement, the company revealed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights. These rights will be allocated to EVO FUND via third-party allotment between Dec. 17, 2024, and June 16, 2025.
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💰 MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply
MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.
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💰 VanEck maintains $180,000 Bitcoin target as bull market gains steam
VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages.
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💰 Bitcoin’s independence from S&P 500, Nasdaq grows post-election
Bitcoin, once seen merely as a speculative risk-on asset, is challenging its traditional market ties. Over the past three months, Bitcoin has outpaced the S&P 500 and Nasdaq, surging 58.79% compared to their modest gains. After the US presidential election, Bitcoin's performance reached new heights, breaking away from these indices.
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💰 Crypto funds see $2.2 billion inflow, pushing 2024 total to $33.5 billion
Last week, digital asset investment products saw $2.2 billion in inflows, reflecting a broader market uptrend driven by Donald Trump’s recent victory at the just-concluded US presidential election. In the first half of the week, inflows peaked at $3 billion, lifting total assets under management (AUM) to an all-time high of $138 billion. However, Bitcoin’s record price performance during the period prompted an outflow of around $866 million, resulting in a net inflow of $2.2 billion.
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💰 CME Bitcoin Friday Futures experience notable increase in institutional demand
The Chicago Mercantile Exchange (CME) has reported a notable increase in activity for its new Bitcoin Friday Futures (BFF) weekly contracts, underscoring growing institutional interest and enhanced retail access in the digital asset market. Since their launch on September 30, over 380,000 BFF contracts—worth more than $500 million—have traded, and the product has achieved an average daily volume of 12,400 contracts, representing $16.9 million in notional value, according to CME Group Global Head of Cryptocurrency Products Giovanni Vicioso.
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💰 Bitcoin breaks yet another all-time high, now testing $93,000
Bitcoin surged to a new all-time high of $91,831, breaking past its previous peak of $89,900, which had reached just a day earlier. The top digital asset is now trading at $91,800, with a 24-hour gain of 6.91%, positioning its year-to-date growth at 117%. The broader market responded similarly, pushing the global digital asset market cap to $3.02 trillion, with Bitcoin dominance at 59.6%.
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