Bitcoin is currently priced at $95,186, Bitcoin is down -2.15% in the past 24 hours, while Ethereum trades at $3,281, down -1.70%. The Fear and Greed Index decreased from 73 to 70 (Greed) today, still reflecting bullish market sentiment though a bit less greedy than the previous weeks. The crypto landscape has seen remarkable developments in recent months. MicroStrategy has broken its own record for Bitcoin acquisitions. Tether (USDT) has made a substantial $775 million investment in the streaming platform Rumble. Ark Invest CEO Cathie Wood has reiterated her bold forecast that Bitcoin will surpass $1 million by the end of the decade. This article explores how each event shapes institutional engagement in Bitcoin and crypto markets. It also covers their broader impacts on technology growth and potential regulatory changes.
What’s Trending in the Crypto Community?
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Michael Saylor released a digital asset framework including a strategic Bitcoin reserve, with at least 10 companies adopting or considering MicroStrategy's Bitcoin strategy. They published Bitcoin Tracker information for the seventh consecutive week, potentially signaling further BTC acquisitions.
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Publicly-listed company NextGen Digital announced a strategic crypto expansion to acquire and hold positions in SOL, XRP, and DOGE.
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Bitcoin mining company Hut 8 purchased 990 BTC for approximately $100 million. Hut 8’s CEO stated this was part of their operational strategy and capital management to build a strategic Bitcoin reserve.
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Over the past week, NFT trading volume reached $304 million, with Ethereum NFTs accounting for 66%.
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Hyperliquid reached a 24-hour trading volume of $15 billion, a new all-time high.
Crypto Fear & Greed Index | Source: Alternative.me
Trending Tokens of the Day
Top 24-Hour Performers
MicroStrategy Bitcoin Purchases Surpass 2021 Bull Market Levels
Saylor’s BTC Buying over time from 2020 | Source: SaylorTracker
According to MicroStrategy co-founder Michael Saylor the company now holds 439,000 Bitcoin valued at roughly $27 billion. Public data shows its November and December 2024 purchases exceeded the highest levels recorded during the 2021 bull market. The Saylor Tracker page confirms that MicroStrategy acquired 27,200 BTC on Nov. 10 2024 at about $74,000 per coin. It then added 51,780 BTC on Nov. 17 and made its largest buy of 55,500 BTC on Nov. 24 at around $97,000 per coin.
During the 2020 to 2021 bull run MicroStrategy’s biggest single purchase was 29,646 Bitcoin on Dec. 21 2020 at about $21,000 per coin. Its corporate Bitcoin treasury plan has attracted other firms to adopt similar strategies. Many traders see this trend as a price catalyst that brings institutional capital into the crypto market.
MicroStrategy entered the Nasdaq 100 index on December 23, 2024 which is another milestone. This inclusion may bring Bitcoin exposure to investors who hold the Invesco QQQ Trust ETF with $322 billion in assets. Following this news MicroStrategy also added new board members including Brian Brooks a former Binance.US CEO Jane Dietze a Galaxy Digital board member and Gregg Winiarski of Fanatics Holdings.
Brian Brooks served as the United States Comptroller of the Currency in 2021 under the Biden administration. As Comptroller he oversaw the national banking system. Michael Saylor pledged to keep buying Bitcoin at top prices. He told Yahoo Finance, “I am sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin.”
Tether to Make $775 Million ‘Strategic Investment’ in Rumble Shares Rally 44.6%
Source: X
Tether, the world’s largest stablecoin issuer has invested $775 million into Rumble, a YouTube-alternative platform according to a Reuters wire. Rumble recently said it would allocate up to $20 million of its excess cash reserves to Bitcoin. Tether will buy 103333333 shares of Rumble Class A Common Stock at $7.50 per share This will total $775 million in gross proceeds for the Company $250 million will support growth initiatives
Source: KuCoin
Shares of Rumble fell 1% at the market close on Friday at 4:00 p.m. ET but then surged 44.6% in after-hours trading once the Tether news broke. Tether earned $2.5 billion in net profit in Q3 2024 alone due to yields from USDT’s backing assets. Under CEO Paolo Ardiono Tether has branched into AI Bitcoin mining and decentralized messaging.
Paolo Ardoino, CEO of Tether, stated: “Tether’s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression. In today’s world, legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible, uncensored alternative. This collaboration aligns with our long-standing commitment to empowering technologies that promote freedom and challenge centralized systems, as demonstrated through our recent collaborations and initiatives. Rumble’s dedication to fostering open communication and innovation makes them an ideal ally as we continue building the infrastructure for a more decentralized, inclusive future. Lastly, beyond our initial shareholder stake, Tether intends to drive towards a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble.”
Rumble is seen as a right-leaning streaming service known for its cloud hosting of Truth Social. It plans to use $250 million of Tether’s investment for growth initiatives. The remaining amount funds a self-tender offer for up to 70 million shares of Class A stock at $7.50 per share. Chris Pavlovski, Rumble chairman and CEO, will keep his controlling stake. Tether will acquire 103,333,333 shares in total.
“Many people may not realize the incredibly strong connection between the cryptocurrency and free speech communities which is rooted in a passion for freedom, transparency and decentralization,” Pavlovski said. He called the investment “an immediate liquidity event for all of our stockholders.”
Rumble reported $25.1 million in Q3 2024 revenue up 39% year over year with a net loss of $31.5 million. The service has about 67 million monthly active users, mostly conservative. Its backers include Peter Thiel Vivek Ramaswamy and JD Vance who invested in 2021 at a $500 million valuation. Cantor Fitzgerald & Co. acts as placement agent and dealer manager for the deal.
Ark Invest CEO Cathie Wood Predicts Bitcoin Will Top $1 Million by Decade’s End
Source: KuCoin
Cathie Wood has emphasized that Bitcoin’s scarcity and institutional interest will likely spur a dramatic value increase. She reiterated her bullish stance on Bloomberg Markets noting Bitcoin has already exceeded $108,000 in 2024 and could climb further because its supply is capped at 21 million coins. “Bitcoin’s scarcity is unmatched” she said. She contrasted it with gold whose supply can expand if prices rise.
Read also: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025
Wood cited growing institutional adoption especially Bitcoin ETFs which boost broader recognition of BTC’s role in global finance. She also predicted a surge in M&A under President-elect Donald Trump whose administration shows pro-crypto leanings. “Regulatory barriers have been a significant obstacle for M&A activity but that is likely to change” she stated. She believes Trump’s FTC policies could reduce red tape and spark more startup deals.
Wood also welcomed the nomination of Paul Atkins, a digital asset advocate to replace Gary Gensler as SEC chair. She said this will be “a turning point for the crypto industry.” She pointed out that Bitcoin’s market cap stands at about $2 trillion while gold’s is $15 trillion leaving ample space for Bitcoin’s growth. “The crypto market remains in its early stages,” she added.
Source: Yahoo Finance
Conclusion
Recent events highlight the growing convergence of crypto institutional adoption and broader market influence. MicroStrategy’s record-setting Bitcoin acquisitions show corporate belief in long-term BTC growth. Tether’s $775 million investment in Rumble signals new alliances that merge stablecoin revenues with platforms focused on free speech and alternative media. Cathie Wood’s bullish prediction underscores the continuing momentum around Bitcoin’s finite supply institutional interest and potential deregulation in the near future. As 2024 comes to an end, leading crypto entities are reshaping how companies and investors engage with digital assets and emerging technologies.
