Michael Saylor, Chairman and controlling shareholder of MicroStrategy, continues to cement his status as one of Bitcoin’s most prominent advocates. Under his leadership, MicroStrategy is pushing boundaries with its aggressive Bitcoin acquisition strategy, and the company is now taking unprecedented steps to scale its vision.

In a recent preliminary proxy filing with the Securities and Exchange Commission (SEC), MicroStrategy is seeking shareholder approval to significantly expand its authorized class A common stock from 330 million shares to a staggering 10.33 billion shares. This ambitious proposal, if approved, would theoretically provide enough stock at current share prices to acquire all the Bitcoin in circulation—nearly 20 million coins—valued at approximately $95,100 each.

In a move signalling the growing adoption of Bitcoin by forward-thinking companies, Matador Technologies Inc. has announced plans to add $4.5 million worth of Bitcoin to its corporate treasury this December. This decision aligns with Matador’s long-term strategy to safeguard its assets against currency devaluation risks and embrace the transformative potential of blockchain technology.

At its core, Bitcoin is about financial sovereignty—the ability to hold and control your wealth without relying on third parties. Self-custody is the essence of Bitcoin, enabling you to be your own bank. By managing your own private keys, you protect your Bitcoin from risks like exchange hacks, regulatory freezes, and third-party failures.

French banking giant BPCE, one of the largest financial institutions in the country, is set to enter the cryptocurrency market by offering Bitcoin and crypto investment services to its customers. The service will be rolled out through BPCE's subsidiary Hexarq in 2025, marking a significant move for traditional banking in the crypto space.

For the first time in financial history, Bitcoin exchange-traded funds (ETFs) have overtaken gold ETFs in assets under management (AUM). According to K33 Research and Bloomberg analyst Eric Balchunas, U.S. Bitcoin ETFs reached a combined total of $129 billion on December 16, 2024, edging past gold ETFs, which stood at $128 billion.

This is a monumental moment for Bitcoin, especially considering its ETFs were launched just 11 months ago, compared to gold ETFs that have had over 20 years to grow. The rapid rise of Bitcoin ETFs highlights the increasing demand from institutional investors and growing optimism about Bitcoin’s future as a financial asset.

Hut 8, one of North America's leading Bitcoin miners, has just made a massive leap in its Bitcoin holdings. On December 19, 2024, the company announced a $100 million acquisition of Bitcoin, adding 990 BTC to its reserves at an average price of $101,710 per coin. This move has pushed Hut 8’s total Bitcoin stash to over 10,096 BTC, surpassing a staggering $1 billion in market value.

Corporate adoption of Bitcoin is heating up, with major players like Metaplanet Inc., Riot Platforms, and Semler Scientific making headlines as they aggressively expand their Bitcoin reserves. These moves are clear signals of growing confidence in Bitcoin as a strategic treasury asset and inflation hedge.

A significant shift in crypto accounting is now in effect, and it’s set to reshape how companies manage and report their Bitcoin (BTC) holdings. The Accounting Standards Update 2023-08 (ASU 2023-08), issued by the Financial Accounting Standards Board (FASB), introduces fair value accounting rules for Bitcoin and other eligible crypto assets. This landmark change allows companies to recognize both price gains and losses, addressing a long-standing issue in corporate crypto accounting.

$1.54 Billion Raised Through Share Sales

On December 16, 2024, MicroStrategy announced it had raised approximately $1.54 billion between December 9 and December 15, 2024.

Bitcoin Acquisition Update

During the same period, MicroStrategy used the proceeds from its share sales to purchase approximately 15,350 BTC for $1.5 billion in cash, at an average price of $100,386 per Bitcoin (inclusive of fees and expenses). This acquisition brings the company’s total Bitcoin holdings to:

• 439,000 BTC

• Acquired at a total cost of $27.1 billion

• Average purchase price: $61,725 per Bitcoin

In a move that could redefine state-level financial strategy, legislation was introduced in the Texas House of Representatives Thursday 12th December to create a strategic Bitcoin reserve. The initiative, led by Republican State Representative Giovanni Capriglione, could serve as a proving ground for similar efforts at the federal level, including within the U.S. Treasury.

AMP, one of Australia's largest wealth management firms, has made history by becoming the first major Australian-based superannuation fund to invest in Bitcoin (BTC). According to a report from the Australian Financial Review (AFR), AMP allocated $27 million to Bitcoin earlier this year as part of its broader diversification strategy.

In this video, Mayor Ken Sim, of Vancouver City, shares his ground breaking motion to explore making Vancouver a Bitcoin-friendly city. Dive into his personal Bitcoin journey, his extensive background as an accountant, auditor, and entrepreneur, and his compelling insights into the benefits of Bitcoin as a treasury asset. Learn how this visionary leader is rethinking finance and innovation for Vancouver's future.

In this video, leading Bitcoin on-chain analyst Willy Woo dives deep on the price of Bitcoin, the current state of the market, and how each Bitcoin cycle has distinct characteristics. This cycle is characterized by Wall Street, Bitcoin ETFs, and public company purchases by MicroStrategy and others. Willy Woo also notes that, in this cycle, retail investors have only just started to show up, signalling a potential shift in market dynamics. Additionally, he mentions hearing rumours of sovereign states purchasing Bitcoin or planning to do so soon. The future looks bright for Bitcoin investors.

As Bitcoin gains global traction, Russia may take a historic step by creating a national Bitcoin reserve. A proposal from Anton Tkachev, a member of the State Duma and the Novye Lyudi party, suggests that Bitcoin could play a pivotal role in countering economic sanctions and ensuring financial stability in the face of restricted access to international payment systems.

This ground breaking proposal aligns with Bitcoin’s growing recognition as a tool for global trade resilience and strategic financial planning.

📢 Amazon Shareholders Push for Bitcoin Treasury

Amazon, one of the world’s largest companies, is facing a pivotal moment as shareholders urge the tech giant to consider adding Bitcoin to its balance sheet. This move, proposed to shield against inflation and enhance shareholder value, reflects a growing trend among global corporations to embrace Bitcoin as a strategic treasury asset. 💡🪙

In a move that could reshape the global cryptocurrency landscape, Russian President Vladimir Putin has declared that Bitcoin and digital assets cannot be banned. Speaking at the 15th VTB ‘Russia Calling’ Investment Forum in Moscow, Putin emphasized the inevitability of digital currencies continuing to grow, evolve, and gain popularity.

November proved to be a record-breaking month for MARA Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining and digital asset strategies. The company achieved unprecedented results in its mining operations and unveiled a bold financial move to further its Bitcoin-centric strategy.

In a move to strengthen its Bitcoin acquisition strategy, MARA announced plans to offer $700 million in zero-coupon convertible senior notes due 2031, with an option for an additional $105 million, subject to market conditions. The proceeds will primarily fund the purchase of more Bitcoin and the repurchase of MARA’s existing convertible notes due in 2026.

On December 2, 2024, the Company unveiled its latest move to strengthen its Bitcoin holdings—an acquisition of approximately 15,400 Bitcoins, worth $1.5 billion, between November 25 and December 1. This purchase was made possible by raising $1.48 billion through the sale of 3.7 million shares, underscoring the Company’s growing confidence in Bitcoin as a critical component of its financial strategy.

Microsoft Shareholders Push for Bitcoin Treasury Strategy

Microsoft shareholders have succeeded in adding a Bitcoin strategy to the agenda for the upcoming December shareholder meeting.

To provide insight, Michael Saylor, Chairman of MicroStrategy and the leading advocate for holding Bitcoin on company balance sheets, has been invited to speak at the meeting. Here is Saylor’s forthcoming presentation to the Board of Microsoft.