emma63taylor

@emma63taylor

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Grayscale’s ETHE charges management fees of 1.5%. In July, the asset manager listed Grayscale Ethereum Mini Trust as a cheaper alternative.

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Ismail meanwhile pointed out the Bitcoin market is already behaving differently from previous four-year cycles. Bitcoin’s price in the current cycle fell below the last cycle’s all-time high (ATH), “which everyone believed was impossible,” and then Bitcoin reached a new ATH before the formal Halving took place.

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MiCA’s phase one stablecoin regime has been applicable since June 30, but the full regulatory framework for crypto asset service providers (CASPs) is set to come into force from Dec. 30.

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The $1.5 billion purchase follows a larger Bitcoin investment from the company the week before.

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As of Dec. 1, MicroStrategy and its subsidiaries hold 402,100 BTC, worth around $38.4 billion at current market prices, purchased at an aggregate cost of $23.4 billion, or an average of $58,263 per Bitcoin. This means the firm is up by 64% on its Bitcoin investments.

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MicroStrategy, a major corporate Bitcoin holder, announced it acquired approximately 15,400 BTC between Nov. 25 and Dec. 1. The purchase, funded by $1.5 billion raised through a stock sale under its at-the-market (ATM) equity program, was executed at an average price of $95,976 per Bitcoin.

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The sale came shortly after Bitcoin successfully went through its fourth halving event in April 2024, which reduced the mining block reward from 6.25 BTC to 3.125 BTC.

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Formerly operating as Marathon Digital Holdings, MARA sold 390 Bitcoin or 63% of its monthly production of 616 BTC.

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While actively pushing for Bitcoin accumulation and mining in the US, MARA sold some Bitcoin earlier this year.

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While US President-elect Donald Trump publicly promised to add Bitcoin to the US government Treasury reserve, some skeptics like Galaxy Digital CEO Mike Novogratz predicted a “low probability” that Trump will establish a Bitcoin strategic reserve during his term.

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“The dollar is no longer directly backed by gold, yet holding substantial gold reserves remains a matter of national security,” MARA said. “These reserves provide the US with the ability to transact should foreign nations lose confidence in the dollar, the firm added.

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On Nov. 26, MARA Holdings urged the US to be more aggressive in securing positions in Bitcoin and Bitcoin mining. The company claimed that there was an urgent need for the country to secure its economic and national security interests.

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MARA Holdings remains the largest publicly traded crypto mining company by market capitalization. According to the BitcoinTreasuries site, MARA Holdings is the second-largest corporate Bitcoin holder, next to MicroStrategy.

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Bitcoin could still see a correction of up to 30% during its uphill battle to conquer the six-figure price tag for the first time.

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With Republicans controlling the White House, Senate and House of Representatives, crypto proponents are hopeful that Congress will prioritize bills like the Financial Innovation and Technology for the 21st Century Act and stablecoin legislation.

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The payment firm donated $45 million to Fairshake during the 2024 US presidential election. It’s now setting its sights on the 2026 midterm elections. As Cointelegraph reported, the PAC has earmarked roughly $103 million for the midterms.

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Ripple CEO Brad Garlinghouse confirmed the contribution in a Nov. 26 social media post, where he said Fairshake intends to push “pro-crypto, pro-growth and pro-innovation candidates” in future elections.

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Pertsev, the developer of the cryptocurrency mixing protocol Tornado Cash, will remain in detention as he awaits his trial. In a Nov. 21 X post, Pertsev expressed disappintment over the court’s decision to extend his detention, which he said hampers his ability to prepare for an appeal.

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On Nov. 14, several Democratic Party members of the United States House of Represntatives demanded answers from Treasury officials on what is being done about the crypto-mixing service Tornado Cash, which was sanctioned in 2022 but remains active.

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The lawmakers highligted a “resurgence” in mixer usage this year, with Tornado Cash accepting $1.8 billion in deposits in the first half of 2024, a 45% increase compared to all of 2023

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