Bitcoin: Week 52 (2024)
Key Events from 12/22/24 to 12/28/24
Trump on Bitcoin: “If we don’t embrace it, other countries are going to embrace it. Other countries will anyway, but we can be the leader and we might as well be the leader.” (Fox Business)
Russian companies have begun using Bitcoin for international payments according to Finance Minister Anton Siluanov. (Reuters)
Microstrategy enters the Nasdaq-100, announces the purchase of $561m in BTC (Bloomberg), and seeks shareholder approval to increase authorized shares to 10b. (Barron’s)
Japanese investment firm Metaplanet purchases another 619 Bitcoins for $60.7m. (Metaplanet_JP)
Publicly traded KULR Technology Group launches Bitcoin treasury strategy with first purchase of $21m, with an ongoing allocation of up to 90% from surplus cash. The stock is now up 2,489% YTD. (KULRTech)
Black Rock’s Global Allocation fund reports owning 430,770 shares of IBIT valued at $17m, an increase of 117%. (SEC)
Vivek Ramaswamy’s Strive Funds announces SEC filing for a Bitcoin bonds ETF. (StriveFunds)
Bitwise files with SEC for new ETF tracking corporations holding at least 1000 Bitcoins, with 22 companies currently meeting this criteria. (@NateGeraci)
ProShares files with SEC for S&P 500, Nasdaq 100, and Gold ETFs denominated in Bitcoin. (@NateGeraci)
Israel will debut six new Bitcoin mutual funds on December 31, 2024. (Bezinga)
Bitcoin miner, Hive Digital, announces acquisition of $30m cluster of Nvidia GPUs deployed in Quebec. (HIVEDigitalTech)
CEO of video sharing platform, Rumble, suggests potential Bitcoin tipping feature. (@chrispavlovski)