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- MicroStrategy Seeks Shareholder Approval Expanding Shares To Buy Bitcoin: ๐, French Banking Giant Goes Pro Bitcoin: ๐ซ๐ท, El Salvador Using IMF Loan To Stack More Bitcoin? ๐
MicroStrategy Seeks Shareholder Approval Expanding Shares To Buy Bitcoin: ๐, French Banking Giant Goes Pro Bitcoin: ๐ซ๐ท, El Salvador Using IMF Loan To Stack More Bitcoin? ๐
Merry Christmas Bitcoiners!
What a week it has been!
MicroStrategy Doubles Down on Bitcoin: ๐ MicroStrategy seeks shareholder approval to expand its stock, paving the way for even more Bitcoin purchases.
Russia Challenges the Dollar: ๐ท๐บ๐ Russia is leveraging Bitcoin for international trade, signalling a potential shift in global financial power.
Canadian Company Bets Big on Bitcoin: ๐จ๐ฆ Matador Technologies adds $4.5M in Bitcoin to its treasury, demonstrating growing corporate adoption.
French Banking Giant Turns Bitcoin : ๐ซ๐ท๐ BPCE to offer Bitcoin and crypto services to its customers, marking a significant step for traditional finance.
Japanโs Metaplanet Goes All In - Again! โฟ Japanese investment firm Metaplanet makes another massive Bitcoin purchase, acquiring $60 million worth of BTC.
"Not Your Keys, Not Your Coins": ๐ Explore the importance of Bitcoin self-custody, from hardware wallets to advanced multi-sig solutions.
๐ธ๐ป El Salvador Using IMF Loan To Stack More Bitcoin!? ๐ Despite agreeing to scale back some crypto policies under a $1.4B IMF loan deal, the government is buying Bitcoin more aggressively than ever.
Savvy Investors Know Where to Get Their NewsโDo You?
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๐ Bitcoin Hovers In the $90k - $100k USD Range As ETF Inflows See Some Christmas Weakness ๐ผ
Bitcoin consolidates around the $100,000 USD milestone ๐๐. Meanwhile, Bitcoin ETFs continue to see robust inflows ๐
๐ MicroStrategy Seeking Shareholder Approval Expanding Class A Stock To 10 Billion Shares - To Buy More Bitcoin
Michael Saylor, Chairman of MicroStrategy, is making waves again ๐. The company is pushing for shareholder approval to increase its authorized shares from 330 million to a whopping 10.33 billion!
๐งฎ While that might sound extraordinary, letโs put it into perspective: giants like Apple, Amazon, and Microsoft already operate with billions of shares outstanding.
๐ This move is nothing unusualโitโs about preparing for bold growth.
๐ Why the Big Move?
MicroStrategy is doubling down on its mission to dominate the Bitcoin market. Saylorโs long-term vision?
A $3 trillion company capturing just 1% of the global fixed-income market. ๐ฆ By raising capital through shares, theyโre positioning to acquire more Bitcoin and cement their status as corporate Bitcoin pioneers. ๐
๐ก Why It Matters
This isnโt just about issuing sharesโitโs about creating flexibility to scale, just like Apple and Amazon do regularly. Saylor sees Bitcoin as the gold or oil of our era, with unmatched growth potential.
๐ With 439,000 BTC already on the books (over 2% of the total supply), MicroStrategy is playing to win. ๐
๐ณ Whatโs Next?
Shareholders will vote on this proposal in 2025. If approved, it could supercharge MicroStrategyโs ability to raise funds and continue its Bitcoin-focused strategy.
Think game theory meets exponential growth. ๐ฎ๐
Russia Using Bitcoin for Foreign Trade โ Cracks Appearing In The U.S Dominated Global Financial System? ๐ท๐บ๐
Sanctions Squeeze: ๐ซ Facing mounting Western sanctions, Russia is turning to Bitcoin โฟ for international trade.
๐ This strategic shift aims to bypass traditional financial systems and build new economic alliances.
Breaking Free: โ๏ธ Bypassing SWIFT and dollar dominance, Russia is forging new trade partnerships with key allies like China and Turkey.
๐จ๐ณ๐น๐ท This move challenges the existing global financial order and could inspire other nations to explore alternative currencies.
Mining Might: ๐ช Russia is leveraging its vast energy resources to become a major player in the global Bitcoin mining landscape.
โ๏ธ This positions the country as a key player in the evolving cryptocurrency ecosystem.
Putin's Vision: ๐ท๐บ President Putin sees Bitcoin as a weapon against the dollar's dominance, declaring it "unstoppable."
๐ฅ This bold vision signals a significant shift in Russia's foreign policy and its approach to global finance.
A New Era: ๐ This shift signals a potential crack in the global financial system, with more nations likely to follow suit.
๐ The rise of Bitcoin could usher in a new era of decentralized finance, challenging the dominance of traditional currencies and institutions.
Matador Technologies Buys $4.5M in Bitcoin โฟ - A Bold Move for Canadian Business ๐จ๐ฆ
Matador Technologies Inc. is making waves in the corporate world by adding $4.5 million worth of Bitcoin โฟ to its corporate treasury.
๐ฐ This move further solidifies the growing trend among forward-thinking companies seeking to diversify their assets and embrace the transformative effects of Bitcoin
Hedging Against Inflation: ๐ Facing concerns about the devaluation of the Canadian dollar, Matador seeks to protect its wealth from the eroding effects of inflation. Bitcoin โฟ, with its limited supply and growing global demand, offers a compelling alternative to traditional investments like bonds and stocks.
Digital Gold Vision: ๐ฅ Matador plans to leverage Bitcoin โฟ as the foundation for its innovative digital gold platform. ๐ฆ This platform will allow users to own and trade digital representations of physical gold, revolutionizing the way precious metals are stored and accessed.
Building Trust: ๐ค Matador's decision to choose Bitcoin โฟ underscores its confidence in the security, transparency, and long-term value of this groundbreaking technology.
French Banking Giant BPCE Enters the Crypto Fray: A Landmark Moment for Traditional Finance ๐ซ๐ท๐
The French banking landscape is about to undergo a seismic shift.
๐ฅ BPCE, one of the country's largest financial institutions, is poised to enter the Bitcoin market in a big way.
๐ Through its subsidiary Hexarq, BPCE will begin offering Bitcoin and other crypto investment services to its vast customer base in 2025.
This move marks a significant milestone for traditional finance.
๐ฆ By embracing digital assets, BPCE is not only responding to the growing demand from its customers but also positioning itself at the forefront of the evolving financial landscape.
Hexarq Receives Crucial Regulatory Approval
The foundation for BPCE's crypto ambitions was laid with Hexarq recently securing a crucial PSAN (Prestataire de Services sur Actifs Numรฉriques) authorization from the AMF (Autoritรฉ des Marchรฉs Financiers), France's esteemed financial markets regulator.
โ This authorization empowers Hexarq to operate legally as a Virtual Asset Service Provider (VASP) within the French digital asset market.
This regulatory green light is a major step forward.
โ Hexarq now joins a select group of companies, including SG Forge, in obtaining this coveted license.
๐ With this authorization in hand, Hexarq is now equipped to offer a comprehensive suite of crypto services, including buying, selling, holding, and exchanging digital assets.
France: A Beacon of Crypto Regulation
France has emerged as a leader in crypto regulation within the European Union.
๐ซ๐ท The country proactively began accepting applications for crypto service provider licenses on July 1, 2024, well ahead of the full implementation of the landmark Markets in Crypto Assets (MiCA) regulation on December 30, 2024.
This forward-thinking approach has established France as a hub for crypto innovation and regulatory clarity within the EU.
๐ก Recent moves by global crypto players, such as Gemini's expansion into the French market, further solidify the country's growing prominence in the digital asset ecosystem.
Bitcoin Self-Custody: Your Keys, Your Coins ๐
Taking control of your Bitcoin is paramount.
โฟ This guide explores the importance of self-custody, compares holding on exchanges, to self storage in hardware wallets and advanced multi-sig solutions, and introduces you to top providers that can help with collaborative custody solutions.
"Not your keys, not your coins": Truly own your Bitcoin. ๐
Why Self-Custody Matters:
Sovereignty: Be your own bank. ๐ฆ
Security: Protect your Bitcoin from hacks and exchange failures. ๐ก๏ธ
Peace of Mind: Access your funds anytime, anywhere. ๐
Beyond Single Wallets: Embrace Multi-Sig:
Enhanced Security: Multiple keys for added protection. ๐
Inheritance Planning: Ensure your Bitcoin is passed on securely. ๐จโ๐ฉโ๐งโ๐ฆ
Collaborative Custody: Ideal for businesses and shared ownership. ๐ค
Contact Bitcoin on Balance today to learn more and start your self-custody journey! ๐ฉ
๐Metaplanet Goes All In - Again - $60M Bitcoin Buy-Up! โฟ
Japanese investment firm Metaplanet just made a splash, scooping up a whopping 620 Bitcoin โฟ in its biggest-ever purchase!
๐ฐ This $60 million investment comes as BTC trades below $100,000, making it a bold move.
Asia's MicroStrategy: Metaplanet is quickly becoming known for its Bitcoin-buying spree, mirroring the strategy of the renowned US firm.
BTC Yield Soars: The company reported a 310% BTC Yield from October to December, showcasing the potential of its Bitcoin strategy. ๐
Beyond Holding: Metaplanet plans to expand its Bitcoin initiatives, exploring loans, equity, and other financial instruments related to the cryptocurrency. ๐
This aggressive move solidifies Metaplanet's position as a major player in the corporate Bitcoin space as it continues to aggressively buy Bitcoin to reach its target of 10,000 Bitcoin by end of 2025. ๐ฅ
โฟ๐ El Salvador Doubles Down on Bitcoin After IMF Loan ๐ธ
El Salvador is back in the spotlight! ๐ Despite agreeing to reforms as part of a $1.4 billion loan deal with the IMF, the country is going harder than ever on Bitcoin. Hereโs the scoop:
๐ Accelerating Bitcoin Purchases: El Salvador is adding to its Bitcoin reserves at record speed! The government now holds 5,968 BTC (~$632M) and plans to supercharge its buying spree.
๐ Speculation is Buzzing: Could the IMF loan be indirectly funding these Bitcoin purchases? ๐ค While unconfirmed, the timing has raised eyebrows.
๐ IMF Reforms in Play: Taxes must now be paid in USD, and Bitcoin acceptance for businesses is voluntary. But donโt worry, El Salvadorโs Bitcoin status isnโt going anywhere.
๐ฃ๏ธ โBitcoin isnโt going anywhere, and neither are we,โ says National Bitcoin Office Director Stacy Herbert. ๐ฏ
Despite IMF concerns about Bitcoinโs volatility, El Salvador is standing firm. Bukeleโs administration sees Bitcoin as more than just an assetโitโs a long-term strategy for innovation and sovereignty.
Tweet of The Week
BRรKING: SHITCOIN KNOWN BY TICKER โUSDโ HAS LOST NEARLY ALL VALUE AGAINST BITCOIN.
โ Walkerโก๏ธ (@WalkerAmerica)
1:26 AM โข Dec 24, 2024
Podcast of The Week
๐ผ Semler Scientific Is On the Bitcoin Standard ๐
In this interview, Semler Scientific Chairman Eric Semler chats with Saifedean Ammous, author of The Bitcoin Standard, about his companyโs move to adopt a Bitcoin standardโusing Bitcoin as a reserve cash asset. ๐ฏ
If you have questions about how Bitcoin could help you or your business, please donโt hesitate to reach out for a free 30-minute consultation ๐. We're here to help you navigate the future of Bitcoin ๐ก
Thanks for reading! We hope youโve enjoyed this weekโs edition and look forward to seeing you next week! ๐
For more stories and updates, visit Bitcoin on Balance.
Daniel
for Bitcoin on Balance
32 York Street, Sydney NSW 2000, Australia