Stocks

Financial services firm Cantor Fitzgerald disclosed a $1.28 million stake in the Volatility Shares Solana ETF, holding 58,000 shares as of mid-November, according to an SEC filing. The investment marks Cantor's first documented exposure to a regulated Solana-based product. The disclosure comes as multiple Solana ETF launches follow the SEC's September approval of generic listing rules for commodity-based trusts.

Vanguard Group began offering cryptocurrency ETF trading on its brokerage platform on December 2, 2025, granting more than 50 million clients access to Bitcoin and Ether funds from BlackRock, Fidelity, and Grayscale. The firm, which manages approximately $11 trillion in assets, excludes memecoin, leveraged, inverse, and futures-based crypto products from its platform.

Strategy Executive Chairman Michael Saylor posted a weekend message referencing the firm's average cost basis of $74,400 per BTC for its 649,000 Bitcoin holdings. The signal has sparked varied interpretations among analysts regarding potential next moves. MSTR's market-to-net-asset-value ratio has fallen below 1, according to market data.

Vanguard, which manages $11 trillion in assets, will allow its approximately 50 million clients to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, Bloomberg reported. The firm will provide access to regulated crypto products that meet U.S. compliance standards. Products linked to memecoins or lacking explicit SEC support will remain restricted.

Vanguard Group, the world's second-largest asset manager, will allow trading of cryptocurrency-focused ETFs and mutual funds on its platform starting Tuesday. The firm, which previously deemed digital assets highly volatile, now supports funds investing in Bitcoin, Ether, XRP, and Solana. The decision provides more than 50 million brokerage clients managing over $11 trillion in assets with access to regulated crypto investment vehicles.

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.