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MicroStrategy (MSTR) has completed a $3 billion offering of 0% convertible senior notes due in December 2029, with plans to use a portion or all of the proceeds to buy more Bitcoin. https://cointelegraph.com/news/microstrategy-completes-3-billion-raise-to-purchase-more-bitcoin
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Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator. https://cointelegraph.com/news/bitwise-registers-solana-etf-delaware
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Claiming my @socialtoken airdrop and crediting @skype with my social airdrop
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Rumble, a YouTube alternative popular among the far-right and conspiracy theorists, has become the latest company to consider adding Bitcoin to its balance sheet. Rumble Inc (RUM) shares gained as much as 9%, hitting a high of $6.20 in after-hours trading on Nov. 19 after its founder and CEO Chris Pavlovski earlier posed the question on X, which saw strong support from the crypto community. “Should Rumble add Bitcoin to its balance sheet?” Pavlovski asked in an X poll, to which around 29,000 people answered “Yes.” https://cointelegraph.com/news/rumble-rises-founder-hints-buy-bitcoin
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Artificial intelligence firm Genius Group has taken the first steps to turn most of its treasury reserves into Bitcoin, purchasing 110 Bitcoin for $10 million — and wants to teach other firms to do the same. https://cointelegraph.com/news/genius-group-stocks-up-treasury-with-110-bitcoin-for-10-million
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I just won 59 $DEGEN in Gate of Degen! @degengate
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Today in crypto, Wyoming Senator Cynthia Lummis proposes the US government convert a portion of its gold holdings to Bitcoin, Coinbase CEO Brian Armstrong has voiced support for the newly created United States Department of Government Efficiency (DOGE), and a macroeconomist said Ether’s performance against Bitcoin is “more brutal than I expected.” https://cointelegraph.com/news/what-happened-in-crypto-today
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Macroeconomist Lyn Alden, who has admitted she isn’t a big fan of Ethereum, said she was surprised by the cryptocurrency’s weak performance against Bitcoin after a presidential election outcome she expected to be more favorable for Ethereum. https://cointelegraph.com/news/eth-btc-macroeconomist-lyn-alden-performance-crypto
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The United States Commodity Futures Trading Commission (CFTC) has issued a notice, “clearing the way” for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating the products could be listed imminently. https://cointelegraph.com/news/cftc-united-states-spot-bitcoin-etf-options-sec
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The Bitcoin market stumbled almost 3% after the United States Federal Reserve hinted that further interest rate cuts might not be coming, contrary to expectations from those in the crypto and wider financial market. https://cointelegraph.com/news/bitcoin-price-volatility-federal-reserve-united-states-interest-rate-cut-uncertainty
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StarkWare CEO Eli Ben Sasson says he expects OP_CAT — a major upgrade to the Bitcoin network — to go live sometime within the next 12 months. Speaking to Cointelegraph at Devcon 2024 in Thailand, Ben-Sasson says the introduction of OP_CAT will enable a suite of new functionality on Bitcoin, including “covenants, ZK-rollups and layer 2 networks.” Notably, the introduction of OP_CAT will see Starknet become the first layer-2 network to settle natively on both Bitcoin and Ethereum. https://cointelegraph.com/news/op-cat-may-go-live-bitcoin-within-12-months-starkware-eli-ben-sasson
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Artificial intelligence firm Genius Group Limited surged 66% in a day after committing to a MicroStrategy-emulating “Bitcoin-first” strategy — which will see the cryptocurrency become its primary treasury asset. https://cointelegraph.com/news/ai-firm-genius-group-adopts-bitcoin-treasury-strategy
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Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. https://cointelegraph.com/news/crypto-market-cap-soars-new-all-time-high
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CryptoQuant CEO Ki Young Ju believes Bitcoin could end the year at just under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble. https://cointelegraph.com/news/cryptoquant-ceo-expects-pullback-58k-by-end-2024
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Bitcoin hit new all-time highs this week and isn’t triggering overvaluation concerns among investors the way stocks typically do, suggests a crypto exec. “Bitcoin is different,” asset manager Bitwise Invest CEO Hunter Horsley opined in a Nov. 9 X post, explaining that when a company’s stock “goes up, the multiple does up,” which essentially measures the company’s valuation and an element of its financial performance. https://cointelegraph.com/news/bitcoin-77k-price-rally-overvaluation-concerns-stocks-bitwise
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MSTR has surged over 486% in the past 12 months, with the company planning to expand its Bitcoin holdings through a $42 billion purchase by 2027. https://cointelegraph.com/news/micro-strategy-shares-up-20-week-following-trump-victory-rate-cuts
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Detroit will soon allow its residents to pay their taxes and other city fees with cryptocurrency as the city looks to “modernize” and attract blockchain companies to the city, according to an announcement from Detroit’s Office of Treasury. https://cointelegraph.com/news/detroit-residents-pay-taxes-with-crypto-from-mid-2025
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BlackRock’s Bitcoin exchange-traded fund (ETF) witnessed a record day of trading after Donald Trump’s victory in the United States presidential election. In a Nov. 6 post to X, Bloomberg ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) witnessed its “biggest volume day ever” with over $4.1 billion in daily trading volume on Nov. 6. https://cointelegraph.com/news/blackrock-bitcoin-etf-sees-biggest-volume-day-ever-4-1-billion-traded
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Bitcoin briefly rallied over 3% over the last hour reaching as high as $71,500 as markets respond to Donald Trump’s early lead in the United States election. The price of Bitcoin has since retraced slightly to $71,309 at the time of publication, according to TradingView data. https://cointelegraph.com/news/bitcoin-price-jumps-us-election-results-donald-trump-dogecoin-elon-musk
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Semler Scientific says it plans to continue amassing Bitcoin after third-quarter results showed the company added another $2.6 million of Bitcoin to its coffers since October. https://cointelegraph.com/news/semler-laser-focused-buying-bitcoin-increases-holdings
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