Stocks

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.

BlackRock received 4,044 BTC valued at $354 million and 80,121 ETH worth $235 million from Coinbase, data show. The transfers represent ETF redemptions as market makers completed withdrawal processes, marking capital exiting the fund structure rather than institutional buying. Bitcoin traded near $90,898 while Ethereum remained above $3,000 during the transfers.

U.S.-listed cryptocurrency equities advanced Friday as prediction-market odds for a December Federal Reserve rate reduction surged to 87%, the month's highest level. Bitcoin miners including Cleanspark, Riot Platforms and Cipher Mining posted gains, extending a five-day rally. Circle, the USDC stablecoin issuer, jumped nearly 10% in early trading.

Uzbekistan will launch a regulatory sandbox on January 1, 2026, allowing stablecoin-based payments and issuance of tokenized stocks and bonds under supervised conditions. The National Agency for Perspective Projects and the central bank will manage the framework to test digital payment systems while maintaining strict oversight. Licensed entities will be authorized to issue tokenized equities and bonds, with stock exchanges preparing dedicated platforms for these digital securities.

The International Monetary Fund has warned that tokenized financial markets may experience heightened volatility as automation accelerates settlement processes. The institution highlighted potential flash-crash scenarios driven by instant execution mechanisms. Early modeling suggests asset-management costs could decline by up to 20%, though speed-driven efficiency may amplify systemic shocks during periods of market stress.