• Saylor Does It Again

• Why Is Bitcoin Price Going Down?

• Brazil Joins Race For Strategic Reserve

• Raoul Pal’s Crypto Warning

• And more…

Market Data Prices as of 5:00am ET

This Update Is Brought To You By Bitbo
Check Out These Bitbo Black Friday Deals

• 📈 30% off Bitbo Pro yearly plans - use code BFCM24

• ⚡ 25% off Bitbo Store - use code BTC25

We are excited to announce Bitbo’s newest trading chart:

HODL Waves →

The HODL Waves are one of the earliest and most insightful on-chain analysis tools, visualizing the age distribution of Bitcoin's entire supply over time.

This chart displays the age distribution of Bitcoin's UTXO (Unspent Transaction Output) set from the genesis block onwards:

• Warmer colors (reds, oranges) at the bottom show recently moved Bitcoin

• Cooler colors (blues, greens) at the top show Bitcoin that hasn't moved in years

• The y-axis shows the percentage of total supply in each age band

• The white line shows the USD/BTC price (logarithmic scale)

SAYLOR DOES IT AGAIN

MicroStrategy Expands Bitcoin Holdings with $5.4 Billion Purchase

MicroStrategy, the world's largest corporate bitcoin holder, has announced the acquisition of an additional 55,500 BTC, bringing its total to 386,700 BTC, valued at over $37 billion.

This move is the company’s largest single bitcoin purchase to date, following a successful $3 billion debt offering completed on November 21, raising $2.97 billion, alongside the sale of 5,597,849 shares for $2.46 billion.

Additionally, MicroStrategy still has $12.8 billion in shares available under its ongoing $21 billion equity offering.

With this purchase, MicroStrategy’s total bitcoin holdings now stand at 386,700 BTC, acquired at an average price of $56,761 per bitcoin, with the total investment reaching approximately $21.9 billion.

The most remarkable part of this story is that MicroStrategy has now made bitcoin purchases for the third week in a row.

In the previous two weeks, the company made notable buys:

• November 17: 51,780 Bitcoin for around $4.6 billion

• November 10: 27,200 Bitcoin for approximately $2.03 billion

Just like the earlier acquisitions, Michael Saylor, the company’s Executive Chairman, teased this latest purchase, hinting at MicroStrategy's continued strategy of accumulating bitcoin despite the volatility in the market.

The value of these holdings is estimated to exceed $37 billion, reinforcing the company

s aggressive strategy of leveraging equity and debt financing to acquire more bitcoin.

Andrew Tate was quick to jump on the news, saying that he will purchase $1M BTC at the same time:

Michael Saylor, Executive Chairman of MicroStrategy, reported that the company’s Bitcoin Yield, a measure of bitcoin growth relative to diluted shares, stood at 59.3% as of November 24.

WHY IS BITCOIN PRICE GOING DOWN?

It’s not only Microstrategy that have been increasing their stockpile of Bitcoin in recent weeks.

Semsler Scientific has just made another significant move in the bitcoin market by purchasing an additional 297 Bitcoin for approximately $29.1 million.

This latest acquisition increases their total bitcoin holdings to 1,570 Bitcoin, acquired for a total of about $117.8 million. This puts the average price per bitcoin at $75,039.

As a result, Semsler Scientific is now sitting on unrealized profits of approximately $29.85 million, further strengthening their position in the cryptocurrency market.

The company continues to grow its bitcoin portfolio, capitalizing on the potential gains from their strategic investments.

You’re probably thinking:

With all the Bitcoin ETF purchases and corporate giants like MicroStrategy investing heavily…

Why is Bitcoin going down?

Well, the short answer is:

We are currently seeing a significant amount of profit-taking from long-term Bitcoin holders.

Fortunately, Bitcoin ETFs have absorbed about 90% of the selling pressure caused by these holders.

Without the ETFs, Bitcoin’s price would likely be much lower…

But here’s an interesting twist:

Rumble, the popular live streaming platform, just announced that it will be purchasing $20 million worth of Bitcoin.

Since the announcement, Rumble’s stock has jumped by approximately 12.63%.

Did you know that Rumble now has a market cap of about $2.07 billion?

It looks like publicly traded companies are starting to follow the path set by MicroStrategy’s success with Bitcoin.

Who will be next? 👀

MindLabPro: The world's most advanced nootropic formula.

Designed to boost your everyday brainpower. For enhanced cognitive function and peak daily performance.

• 11 premium-grade research-backed nootropic nutrients.

• 100% plant-based & stim-free. In prebiotic vegan capsules.

• For focus, clarity, memory, mood, motivation & more.

BRAZIL JOINS RACE FOR BITCOIN RESERVES

Bitcoin enthusiasts, take note: the wave of national Bitcoin reserves is gaining momentum!

Following the U.S. government's proposal to establish a national Bitcoin reserve, other countries are quickly looking to get in on the action.

Brazil is one of the first to take the plunge with an official bill introduced by Congressman Eros Biondini.

In his announcement, Biondini explained that the creation of RESBit, a strategic Bitcoin reserve, would reduce economic risks while opening the door to technological and financial growth.

According to him, Brazil needs this to maintain its economic sovereignty and stay aligned with global trends in digital currency.

If the bill passes, Brazil plans to convert up to 5% of its national reserves—around $370 billion—into Bitcoin.

That would mean an investment of $18.5 billion in Bitcoin, placing Brazil at the forefront of this rapidly evolving financial trend.

To put this in perspective, MicroStrategy, a prominent business intelligence company, has spent $21.9 billion on Bitcoin—making Brazil’s move nearly equivalent to adding another MicroStrategy to the game.

Looking to the example set by El Salvador, which has seen unrealized Bitcoin gains of $147.32 million, Brazil could potentially see significant returns.

This is just the beginning of a global shift toward adopting Bitcoin as a strategic asset, and now individuals can participate in this game-changing trend, front-running the world’s nations.

Bitcoin is the ultimate asset for your retirement. Create a tax shelter for exponential returns! Speak to one of the specialists at Swan Bitcoin today.

Swan has built incredible tools to allow you to measure the impact that Bitcoin could have on your portfolio.

Book A Swan IRA Consultation - 15 min

Check out the Swan retirement calculator and plug in your details to measure the potential of Bitcoin in your retirement account.

RAOUL PAL’S CRYPTO WARNING

Raoul Pal, CEO of Real Vision, warns that December to March could be the prime time for crypto gains before the market experiences a significant dip.

While volatility is part of the natural cycle, Pal emphasizes the importance of a solid strategy. He advises either holding or selling a portion of your assets—what he calls "lifestyle chips"—to reduce risk.

Though selling at market highs can be tough, this approach helps secure long-term peace of mind.

Tune in to the video below for Pal’s advice on when to cash out for maximum gains.

Heatbit Trio is the world’s only heater-purifier that mines Bitcoin at 10 TH/s and makes you ≈30,000 SATS / mo

Get 5% Off with Coupon Code »CLOUDAICRYPTO»

OTHER NEWS

• Paul Grewal, Coinbase's Chief Legal Officer, celebrates the Fifth Circuit's ruling that invalidates the US Treasury’s sanctions against Tornado Cash, emphasizing the significance of privacy and innovation in Bitcoin and cryptocurrency.

• Bitcoin developer James O'Beirne warns that Bitcoin Core's current focus on secondary issues overlooks the urgent need for trustless self-custody and scaling the UTXO model, jeopardizing Bitcoin's decentralization and peer-to-peer financial potential.

• Mark Goodwin of Unlimited Hangout provides a post-mortem on The Chain investigative series, which critiques the rise of the Bitcoin-Dollar system, blending Bitcoin’s decentralized, deflationary ideals with stablecoins tied to government debt.

• David Ansara, CEO of the Free Market Foundation in South Africa, argues in his new paper that Bitcoin should be adopted as legal tender, alongside a Strategic Bitcoin Reserve, to protect against the dangers of currency debasement.

• Hector Alvero, COO of Rhino Bitcoin, addresses the common fear of missing out on Bitcoin’s growth, encouraging active participation as the key to long-term success in the Bitcoin revolution.

• Che Kohler from the Bitcoin Manual discusses the inevitability of pullbacks during Bitcoin bull markets, describing these periods of volatility as opportunities for experienced investors to demonstrate resilience.

• Dave Birnbaum, VP of product at Coinbits, explores how Bitcoin could provide a resolution to the US sovereign debt crisis, proposing Bitcoin as a reserve asset to stabilize the economy and enhance the country’s global financial standing.

• Marie Boran, writing for Newsweek, examines the potential of Trump's Strategic Bitcoin Reserve proposal to position the US as a global leader in the Bitcoin space, despite the challenges posed by regulatory and market volatility.

• Jameson Lopp, co-founder and CSO of Casa, offers a comprehensive guide for Bitcoin node operators on speeding up Bitcoin Core initial synchronization with UTXO snapshots (AssumeUTXO), enhancing efficiency for new node setups.

RECOMMENDATIONS

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.