● The NCPPR in the U.S. is brewing a new Bitcoin financial reserve proposal
According to Odaily Planet Daily, since October, the U.S. think tank 'National Center for Public Policy Research' (NCPPR) has submitted shareholder proposals to Microsoft and Amazon, urging them to consider investing in Bitcoin, believing this would protect these companies and their investors from inflation.
The organization stated that more Bitcoin proposals are in the works, and it believes that promoting the adoption of Bitcoin aligns with its agenda of 'supporting freedom,' as cryptocurrencies are fundamentally not under government control. Microsoft shareholders have voted to reject a Bitcoin investment proposal, and it remains uncertain whether Amazon will adopt this strategy.
Previously on December 13, news reported that NCPPR proposed that Amazon add Bitcoin to its financial reserves, believing it could serve as a hedge against currency devaluation, but it is still uncertain whether Amazon will adopt an innovative strategy.
● El Salvador wallet increased its holdings by 11 BTC for strategic reserves
According to Odaily Planet Daily, on-chain data shows that about half an hour ago, the El Salvador wallet address increased its holdings by approximately 11 BTC, worth $1.06 million, for strategic Bitcoin reserves.
According to PANews, Michael Saylor stated in an interview that although MicroStrategy has not explicitly indicated whether it will join the S&P 500, the company may report billions in net income next year due to the increase in the value of its Bitcoin holdings. The expected changes to accounting rules effective in 2025 will adjust the valuation of the company's Bitcoin assets, potentially helping MicroStrategy meet S&P 500 profit requirements.
MicroStrategy's traditional software business is relatively small, valued at only about $1 billion, and is in a loss-making state, making it difficult for this business alone to meet S&P 500 requirements.
The new accounting rules will reflect the fair market value of Bitcoin assets in financial statements, potentially bringing significant net income growth as Bitcoin prices rise.
● MicroStrategy set a record for the largest Bitcoin purchase in November 2024
According to Foresight News, MicroStrategy's Bitcoin purchases this year have surpassed its records during the 2021 bull market. On November 10, 2024, it bought 27,200 BTC; on November 17, it bought 51,780 BTC; and on November 24, it bought 55,500 BTC, setting a record for the largest BTC purchases. During the bull market from 2020 to 2021, MicroStrategy's largest acquisition was on December 21, 2020, when it purchased 29,646 BTC.
According to PANews, Token Unlocks data shows that tokens like ADA and ENA will see significant unlocks this week, including:
Cardano (ADA) will unlock approximately 18.53 million tokens at 8 AM on December 26, East Eight Time, accounting for 0.05% of the current circulation, worth about $16.6 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3 PM on December 25, East Eight Time, accounting for 0.44% of the current circulation, worth about $13.5 million;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3 AM on December 25, East Eight Time, accounting for 0.61% of the current circulation, worth about $4.9 million;
Coin98 (C98) will unlock approximately 16.53 million tokens at 7 PM on December 23, East Eight Time, accounting for 1.88% of the current circulation, worth about $2.7 million;
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8 AM on December 25, East Eight Time, accounting for 1.97% of the current circulation, worth about $1.7 million.
● The president of ETF Store questions why issuers have not yet applied for a Dogecoin ETF
According to Odaily Planet Daily, The ETF Store president Nate Geraci expressed on the X platform that it is shocking that ETF issuers have not yet applied for a Dogecoin (DOGE) ETF. He believes the worst-case scenario is that this is just a marketing expense and is curious which issuer will have the 'DOGE' ticker.
● Trump appoints Bo Hines as executive director of the Presidential Advisory Council on Digital Assets
According to Wu Says, Trump announced on social media that Bo Hines has been appointed as the executive director of the Presidential Advisory Council on Digital Assets, working with chairman David Sacks to promote innovation and development in digital assets.
Hines previously received funding from a political action committee supporting cryptocurrencies to run for Congress in 2022 but was unsuccessful in being elected.
Trump also appointed former Treasury official Stephen Millan as chairman of the Economic Advisory Council. Millan had previously stated that excessive regulation could stifle bank lending and innovation in the crypto economy.
