G’day Bitcoiners,

Another cracking week in Bitcoin! Here’s a recap of what went down

🚀 Bitcoin Making Waves Across The Globe!

🔹 Rumble Embraces Bitcoin: The video platform giant is diversifying its treasury with Bitcoin, strengthening ties with the crypto community and future-proofing its financial strategy.

🇧🇷 Brazil Eyes Bitcoin Reserve 🪙: A bold proposal to allocate 5% of the country's reserves to Bitcoin could position Brazil as a leader in the digital economy.

🌟 Vancouver’s Bitcoin Vision: Mayor Ken Sim is pushing for a Bitcoin-friendly city strategy, exploring Bitcoin as a reserve asset to preserve purchasing power and drive innovation.

🚨 MicroStrategy Keeps Stacking: With a jaw-dropping 55,500 BTC purchase, the company now holds 386,700 BTC, solidifying its status as the ultimate Bitcoin bull.

Bitcoin Consolidating 📉📈

🎥 Rumble Embraces Bitcoin As A Strategic Asset!

After teasing us last week, video streaming giant, Rumble Inc. (NASDAQ:RUM) has made waves by announcing its plan to allocate a portion of its excess cash reserves to Bitcoin. 🚀

Why Bitcoin? Rumble’s Vision

CEO Chris Pavlovski said it best:

Here’s why Rumble is going Bitcoin:

🔹 Inflation Hedge: Bitcoin’s fixed supply protects against monetary dilution.
🔹 Strategic Asset: Pavlovski sees Bitcoin as critical in an era of growing institutional and governmental adoption.
🔹 Crypto-Community Focus: Rumble aims to align itself as the go-to platform for cryptocurrency enthusiasts.

$20 Million Bitcoin Allocation

Rumble’s board-approved strategy allows for up to $20 million in Bitcoin purchases, with flexibility built in:
✅ Purchases depend on market conditions and cash flow needs.
✅ Management has full discretion over timing and volume.
✅ The strategy can evolve as needed, ensuring adaptability.

What This Means For Bitcoin

Rumble’s move underscores Bitcoin’s growing legitimacy as a corporate asset. As institutional adoption accelerates, Bitcoin continues to shine as a hedge against uncertainty and a pillar of innovation.

Brazil Eyes Bitcoin Reserve 🪙

Brazil’s Congress is debating a proposal to establish a national Bitcoin reserve, positioning the country as a leader in financial innovation. Here’s the breakdown:

The Plan 📝

Federal Deputy Eros Biondini’s proposed Sovereign Strategic Reserve of Bitcoins (RESBit) aims to:

🔸 Diversify Treasury Assets: Hold up to 5% of Brazil’s international reserves in Bitcoin to reduce risks and boost financial stability.
🔸 Support Brazil’s CBDC, Drex: Use Bitcoin to back the issuance of Drex, ensuring transparency and integrity with blockchain tech.
🔸 Strengthen Digital Leadership: Cement Brazil’s role as a global leader in the digital economy.

Global Context

Brazil joins a global trend:
🌎 U.S.: Discussions of Bitcoin reserves under crypto-friendly policies.
🇵🇱 Poland: Presidential candidates advocate Bitcoin reserves.
🇧🇹 Bhutan: Leveraging Bitcoin mining to bolster its economy.
🇸🇻 El Salvador: Leading the way with Bitcoin as legal tender and treasury reserves.

👀 _{Which Country will be next to announce a Bitcoin strategy?}

🌟 Vancouver's Bold Move: A Bitcoin-Friendly Future?

Vancouver is making headlines as Mayor Ken Sim unveils plans to integrate Bitcoin into the city’s financial strategy.

If successful, this initiative could make Vancouver a global leader in cryptocurrency adoption within municipal governance.

The Plan 📝

On November 26, Mayor Sim announced a motion titled:

Set for discussion on December 11, this motion explores using Bitcoin as a reserve asset to combat inflation and preserve wealth. With Bitcoin’s fixed supply and decentralized nature, Vancouver is eyeing a modern approach to safeguarding its financial resources.

A Bitcoin Advocate In Leadership

Mayor Sim is no stranger to crypto. His political party, A Better City, accepted cryptocurrency donations during his campaign, signalling a tech-forward vision.

And here’s a fun detail: The Bitcoin Standard by Saifedean Ammous—a cornerstone book in the Bitcoin community—is displayed prominently in Mayor Sim’s office.

The message is clear: Vancouver’s leadership is serious about Bitcoin’s role in sound money policies and economic empowerment.

All Eyes on December 11

Will Vancouver take the leap and become a Bitcoin-friendly city? The global Bitcoin community is watching closely.

🚨 MicroStrategy Doubles Down – Again!

MicroStrategy just went all-in (again), snapping up 55,000 BTC for $5.4 billion, averaging $97,862 per Bitcoin.

This record-breaking purchase—their biggest yet—pushes MicroStrategy’s total stash to a staggering 386,700 BTC, acquired for roughly $21.9 billion at an average price of $56,761 per Bitcoin.

Big Moves, Big Money 💸📊

1️⃣ 2029 Convertible Notes Offering:
💵 Raised $3.0B via 0% convertible senior notes with a 55% premium—proving market confidence in MicroStrategy’s vision.

2️⃣ ATM Equity Program:
📈 Sold 5.6M shares of Class A stock, raking in $2.46B. Over $12.8B in shares remain available for future fundraising.

3️⃣ Bitcoin Accumulation:
📉 Bought 55,500 BTC at an average price of $97,862/BTC, bringing total holdings to 386,700 BTC (worth ~$21.9B).

At current prices, MicroStrategy’s Bitcoin holdings are worth an eye-popping $36.48 billion, giving the company an unrealized profit of $14.58 billion. 🤑

But here’s what’s truly wild…

Three Weeks. Three Mega Buys 💰📈

This marks the third consecutive week of major Bitcoin acquisitions:
📅 Nov 17: 51,780 BTC for $4.6 billion
📅 Nov 10: 27,200 BTC for $2.03 billion

Saylor even hinted at this latest move before dropping the news.

MicroStrategy’s Message 📢

Michael Saylor isn’t just stacking sats—he’s doubling down on Bitcoin as the ultimate corporate reserve asset and positioning MicroStrategy as the leading Bitcoin Treasury company in the market.

Podcast of The Week🎙️:

Bitcoin University’s deep dive on MicroStrategy convertible Bitcoin bonds

Tweet of The Week 🐦✨

Thanks for reading!

We hope you've enjoyed it, and look forward to seeing you next week!

Daniel

for Bitcoin on Balance

www.bitcoinonbalance.com