MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, increasing holdings to 439,000 BTC, despite criticism labeling the business model a "giant scam." Other companies like Marathon Digital and Genius Group are adopting similar strategies, while Microsoft remains skeptical. Shareholder proposals at Amazon push for Bitcoin's inclusion to combat inflation and enhance value.
Hut 8 has bolstered its Bitcoin holdings to over $1 billion following a $100 million acquisition of approximately 990 BTC, bringing its total reserves to over 10,096 BTC. This strategic move positions Hut 8 among the top 10 corporate Bitcoin holders globally, as the company aims to enhance its financial position and shareholder returns through effective treasury management.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
CoinShares predicts a significant overhaul in U.S. crypto regulation under the Trump administration in 2025, favoring Bitcoin (BTC) while altcoins may outperform in the near term. The rise of Bitcoin-yielding companies and Ethereum's Layer 2 solutions are also expected to shape the market, with businesses increasingly adopting Bitcoin as a treasury asset to generate returns. As major companies begin accepting crypto payments, BTC is positioned as both a store of value and a source of passive income.
Amazon shareholders are advocating for the company to allocate at least 5% of its assets to Bitcoin, citing its strong performance compared to traditional assets like corporate bonds. The proposal, submitted by the National Center for Public Policy Research, suggests that Bitcoin could serve as a hedge against inflation and enhance asset diversification. Amazon's board will review the proposal for potential inclusion in the proxy statement for the annual shareholders meeting scheduled for April 2025.
The ASX 200 reached a new milestone, surpassing 8500 points for the first time, driven by positive US economic data and dovish comments from Federal Reserve Chair Waller. Key sectors saw gains, with healthcare stocks like Ramsay Health Care rising 3.15% and technology stocks boosted by a record high in the Nasdaq 100. The market's upward momentum is supported by strong retail sales and improved manufacturing data from China.
Rumble, a conservative video platform, plans to invest up to $20 million in bitcoin as part of a new treasury strategy, citing the cryptocurrency's potential as an inflation hedge. CEO Chris Pavlovski emphasized the importance of bitcoin in a world of government currency dilution. This move aligns Rumble with other companies like MicroStrategy and Tesla, as interest in bitcoin grows amid expectations of a pro-crypto stance from the incoming Trump administration.
Acurx Pharmaceuticals' board has approved the purchase of up to $1 million in bitcoin as a treasury reserve asset, following MicroStrategy's strategy. CEO David P. Luci emphasized bitcoin's limited supply and inflation-resistant qualities, asserting it will not affect the company's drug development plans. This move reflects a growing trend among corporations to adopt bitcoin, with the cryptocurrency trading at all-time highs and expected to gain further traction in the coming years.
Block's Q4 gross profit outlook of 14% fell short of expectations, prompting analysts to predict growth acceleration won't occur until the second half of 2025. Despite this, BTIG's Andrew Harte maintains a buy rating, citing the company's strong product adoption and attractive valuation. Meanwhile, Amazon and Uber also received positive analyst ratings, with Amazon benefiting from its cloud and advertising sectors, and Uber focusing on autonomous vehicle rollouts to enhance service and margins.
Following Donald Trump's election victory, US stocks surged, with the S&P 500 closing above 6000 points and banking stocks seeing significant gains. Trump's protectionist policies are expected to benefit small businesses and the cryptocurrency sector, with bitcoin reaching over $87,000. However, concerns over renewed US-China trade tensions arise as Trump threatens tariffs, prompting mixed expert opinions on the potential for a trade war.
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