Stocks

Strategy's Bitcoin treasury implies a valuation 78% higher than MSTR's current share price, according to CryptoQuant analyst Carmelo Alemán. The stock has entered a historical undervaluation zone based on price band metrics. The company continues accumulating BTC at an average cost of $74,432 per coin.

First Digital Group, the Hong Kong-based issuer of the FDUSD stablecoin, plans to go public on the New York Stock Exchange through a merger with CSLM Digital Asset Acquisition Corp III. The SPAC raised $230 million in its August IPO on Nasdaq, with merger terms currently under negotiation.

Strategy Inc announced on December 1, 2025, the establishment of a $1.44 billion U.S. dollar reserve to support preferred stock dividends and interest payments. The company holds 650,000 Bitcoin, representing approximately 3.1% of the cryptocurrency's eventual total supply. CEO Phong Le stated the reserve covers 21 months of dividend obligations.

Bitfarms Ltd. (BITF) shares fell 9.48% to $3.15 in premarket trading on November 29, 2025, as Bitcoin dropped over 4% to below $86,680. The decline came as China's central bank warned against cryptocurrency speculation and pledged to intensify its crackdown on illegal activities involving virtual currencies and stablecoins. The regulatory pressure compounds challenges for crypto mining operations already facing profitability constraints from falling Bitcoin prices.

Michael Saylor departed from his year-long Sunday routine of posting orange dots that preceded Bitcoin purchases, instead introducing green dots on November 30, 2025. The change has sparked debate over whether Strategy might pursue stock buybacks or alter its Bitcoin holdings. The company's stock has fallen 38% year-to-date, limiting its ability to raise capital through share issuance.

Kazakhstan's National Bank will add cryptocurrency to its foreign exchange reserves with an allocation between $50 million and $300 million, Chairman Timur Sülümenov said. The central bank will wait for market volatility to decline before deploying capital, treating digital assets as a portfolio diversification tool rather than speculative investment.

Public bitcoin mining companies posted gains last week, with all top ten firms recording positive returns. The sector's total market capitalization reached $69.1 billion, rising 5.04% in 24 hours as Bitcoin traded above $90,000.

Strategy CEO Phong Le disclosed the dual conditions under which the firm would consider selling Bitcoin: stock trading below net asset value while losing access to new capital. The company holds 649,870 BTC valued at approximately $59.33 billion, with an average acquisition cost of $74,430 per coin.

Nasdaq has elevated its tokenized stock proposal to a priority initiative, with digital assets chief Matt Savarese confirming the exchange will pursue SEC approval with urgency. The filing, submitted in September 2025, seeks permission to enable on-chain trading of blockchain-based share representations within existing market rules. Investor rights including voting privileges and dividend entitlements would remain intact under the framework.

MicroStrategy was passed over for S&P 500 inclusion despite meeting eligibility criteria, with SanDisk selected instead for the index slot. MSTR shares fell 34 percent in November, marking the fifth consecutive monthly decline since July.