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- Saylor Pitches Bitcoin to Microsoft
Saylor Pitches Bitcoin to Microsoft
📈 Saylor Advocates Bitcoin Investment
Saylor's Bitcoin Pitch: On December 1st, Michael Saylor, Chairman of MicroStrategy $MSTR, presented to Microsoft's $MSFT board, advocating for a Bitcoin $BTC investment strategy. He stressed its potential to significantly boost Microsoft's market value.
Projected Financial Gains: Saylor predicted this approach could add $584 per share to Microsoft stock and grow its market cap by $4.9 trillion over 10 years, assuming Bitcoin's value hits $1.7 million by 2034.
Shareholder Vote Upcoming: Microsoft's board, skeptical of the proposal, recommends voting against it. Shareholders will decide on December 10th, 2024, whether the company should explore Bitcoin investments. Read More.
️ On today's Top Picks:
- 📈 $XRP surpasses $USDT to become 3rd largest crypto.
- 🔜 Sonic Labs to launch Mainnet public access soon.
- 🚀 Namada $NAM to launch Mainnet Genesis tomorrow.
- 🛑 Elon Musk's $56b Tesla pay package rejected again.
Read time: ⏰ 6 minutes
Crypto News
• ⭐️ US Government moves $1.92b of Bitcoin $BTC; 10k BTC to Coinbase Prime.
• MicroStrategy buys ~$1.5 of Bitcoin $BTC; now holds nearly ~2% of Bitcoin supply.
• Ethereum Foundation researcher Dankrad Feist advocates for increasing Ethereum's $ETH gas limit.
• ⭐️ Ripple $XRP surpasses Tether $USDT to become 3rd largest crypto by market cap.
• US NYDFS to approve Ripple's $RLUSD stablecoin; to officially release on December 4th if approved.
• WisdomTree officially files S-1 filing for spot Ripple $XRP ETF.
• David Marcus reveals Facebook’s Libra (then Diem) blockchain was killed by political interference.
• Binance Co-Founder CZ does NOT wish to be Binance CEO again; would welcome a pardon from the US President.
• South Korea to postpone 20% crypto tax for another two years.
• Coinbase to leave Turkey; files to liquidate Turkish operations.
• DMM Bitcoin crypto exchange to shut down operations & sell assets to an SBI Group subsidiary.
• RTFKT, a Nike-owned NFT project, to wind down operations.
Alpha
• Mind Network Airdrop Strategy by Earndrop.
• ⭐️ Sonic Labs (previously Fantom) to launch Mainnet public access soon.
• Space And Time launches Season 2 testnet community quests.
• Inco teases "Some big announcements coming" on X.
• Kana Labs to launch Kana Season 2 Points Program tomorrow December 3rd.
• ICYMI Linea Surge campaign officially ended on November 25th.
Airdrops
• Magic Eden to launch $ME eligibility & allocation checker December 4th.
• ⭐️ Namada $NAM to launch Mainnet Genesis tomorrow December 3rd.
• Nektar Network to enable $NET transferability tomorrow December 3rd.
• XION to launch $XION TGE December 5th alongside Bybit & Bitget launchpools.
• ICYMI Turtle Club Airdrop Strategy by Earndrop.
• ICYMI Weekly Airdrop Updates by Earndrop.
• ICYMI Hyperliquid launches Genesis Event $HYPE airdrop.
Finance News
• ⭐️ Michael Saylor $MSTR presented Bitcoin strategy to Microsoft $MSFT CEO & Board of Directors.
• MARA Holdings $MARA to raise $700m through convertible notes to buy more Bitcoin.
• Core Scientific $CORZ to raise $500m through convertible notes for general corporate purposes.
• ⭐️ Elon Musk's $56b Tesla $TSLA pay package rejected again; to appeal decision.
• Singapore's Central Bank fines JPMorgan Chase $JPM ~$1.8m for misconduct by relationship managers.
• TD Bank $TD hires HSBC Canada's former chief compliance officer Georgia Stavridis.
• Intel $INTC CEO Pat Gelsinger retires; two interim leaders appointed.
Security and Exploits
• INTERPOL Operation HAECHI-V dismantles e-crime syndicate; ~5.5k arrested & ~$400m siezed.
• Thailand CIB & TCSD dismantle transnational online investment fraud network in collaboration with Binance.
• Clipper exploited for $450k; investigation underway.
• User loses ~$400k after signing permit phishing signature.
Token Unlocks
• EigenLayer $EIGEN / ~$5m / DEC 03rd
• Ethena $ENA / ~$11m / DEC 04th
• Cardano $ADA / ~$24m / DEC 06th
• Jito $JTO / ~$480m / DEC 07th
• Bitget $BGB / ~$8m / DEC 10th
Sourced from Tokenomist
Funding
• BLIFE Protocol raises $7m in funding led by UTXO Management.
• LSP Finance raises $1m in Pre-Seed funding.
• Soda raises an undisclosed amount in Pre-Seed funding led by Gagra Ventures.
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That’s it for today’s edition! See you soon.
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