Bitcoin’s Institutional Embrace Deepens: Strive’s $500M Strategic Bet

In a landmark move signaling robust institutional confidence, Vivek Ramaswamy's investment firm, Strive, has launched a $500 million preferred stock offering with the explicit goal of significantly expanding its Bitcoin holdings. The firm filed with U.S. regulators to raise capital through the sale of Variable Rate Series A Perpetual Preferred Stock (SATA), utilizing an at-the-market structure for flexible, incremental sales aligned with market conditions. This strategic initiative, announced in late 2025, is not merely an investment but a calculated expansion of corporate strategy, earmarking proceeds for both Bitcoin accumulation and broader corporate growth. Strive, already positioned within the top tier of corporate Bitcoin holders globally, is leveraging this capital raise to double down on its conviction in digital assets as a cornerstone of future finance. The structure of the offering itself—a perpetual preferred stock—suggests a long-term, strategic outlook, providing Strive with patient capital to weather market volatility while systematically building its position. This development underscores a maturing phase in institutional adoption, where sophisticated financial instruments are being created specifically to gain exposure to cryptocurrencies. For Bitcoin, this represents a powerful vote of confidence from a major financial player, potentially setting a precedent for other firms to follow suit with similar dedicated funding vehicles. The influx of up to half a billion dollars of targeted investment is poised to provide substantial buy-side pressure and enhance market liquidity. Furthermore, it reinforces the narrative of Bitcoin as a legitimate treasury reserve asset for corporations, moving beyond speculative trading into strategic balance sheet management. As of December 2025, this move by Strive exemplifies the accelerating convergence of traditional finance and the digital asset ecosystem, highlighting a future where capital formation is increasingly directed toward the crypto economy.

Strive Launches $500M Preferred Stock Offering to Bolster Crypto Holdings

Vivek Ramaswamy's investment firm Strive has filed with U.S. regulators to raise up to $500 million through a preferred stock sale, with proceeds earmarked for bitcoin accumulation and corporate expansion. The Variable Rate Series A Perpetual Preferred Stock (SATA) will be sold incrementally via an at-the-market structure, allowing flexibility to adapt to market conditions.

Strive already ranks among the top 20 corporate Bitcoin holders with 7,525 BTC as of November 2025. The capital raise signals continued institutional commitment to cryptocurrency despite market volatility. Proceeds may also fund acquisitions, debt repayment, or share buybacks—demonstrating a multifaceted approach to capital deployment.

American Bitcoin Corp. Expands Treasury Holdings with $38M BTC Purchase

American Bitcoin Corp. (ABTC) has aggressively expanded its Bitcoin treasury, acquiring 416 BTC for $38 million at an average price of $91,346 per coin. The Nasdaq-listed miner now holds 4,783 BTC ($440M), positioning it as the 22nd largest corporate holder—surpassing Gamestop and HIVE Digital Technologies.

The December 10 purchase underscores ABTC’s strategy as a Bitcoin accumulator. Co-founder Eric TRUMP highlighted the firm’s 17% growth in Satoshis Per Share (SPS) since its Nasdaq listing, signaling institutional confidence in Bitcoin’s long-term value proposition.

Bitcoin Selling Pressure Eases as Exchange Inflows Drop

Bitcoin's market dynamics show signs of short-term resilience as selling pressure eases and exchange deposits decline ahead of a key Federal Reserve policy meeting. The cryptocurrency rebounded to $94,000 after briefly dipping to $80,000 on November 21, supported by reduced selling activity.

Exchange inflows have plummeted 76% over three weeks, with daily deposits dropping from 88,000 BTC to just 21,000 BTC. This decline in sell-side supply typically creates favorable conditions for price recovery.

Large holders are notably pulling back, with their share of exchange deposits falling from 47% to 21%. The average transfer size decreased 36%, suggesting diminished institutional selling pressure.

Strategy Challenges MSCI's Proposal to Exclude Crypto Treasuries from Indexes

Strategy, led by Executive Chairman Michael Saylor, has publicly opposed MSCI's plan to remove digital asset treasury companies (DATs) from its Global Investable Market Indexes. The firm argues that MSCI should maintain neutrality and let market forces determine the fate of DATs. MSCI's rationale—that crypto treasuries resemble investment funds rather than operating companies—has drawn sharp criticism.

Strategy counters that it operates as a dynamic business, leveraging Bitcoin to generate shareholder returns through credit instruments and corporate treasury management. "Strategy is not an investment fund," the company asserted. "It actively uses Bitcoin to create value, unlike passive vehicles tracking price movements."

The proposal's 50% threshold for exclusion was labeled discriminatory and arbitrary, with Strategy noting it unfairly targets digital assets while ignoring concentrated holdings in traditional sectors like oil, gold, and real estate.

PNC Bank Launches Direct Bitcoin Trading for Private Clients, Signaling Institutional Adoption Shift

PNC Bank has become the first major U.S. financial institution to offer native Bitcoin exposure through direct spot trading for qualified private banking clients. The service eliminates reliance on external cryptocurrency exchanges, marking a watershed moment for institutional crypto adoption.

The MOVE follows regulatory clarity from the Office of the Comptroller of the Currency, which now permits national banks to facilitate riskless principal crypto transactions. Market analysts anticipate a domino effect across the banking sector, with Bank of America recently authorizing its wealth management advisers to engage with Bitcoin ETFs.

Coinbase Institutional's Crypto-as-a-Service platform powers PNC's solution, reflecting growing infrastructure support for traditional finance's crypto integration. This development could significantly impact Bitcoin's price trajectory as institutional capital gains direct access channels previously limited to retail-focused exchanges.

Bitcoin Miners Face Cash Crunch as Hash Price Collapses

Bitcoin miners are grappling with record-low hash prices, forcing operational cutbacks across the sector. The median cost to mine—factoring in equipment, energy, and debt—now exceeds revenue, leaving public miners unprofitable. Firms are underclocking hardware to reduce power consumption, with Luxor Technology noting an 8% drop in network hashrate as a direct consequence.

The April 2024 halving looms as a critical pressure point, slashing block rewards and upending business models. Some miners are pivoting to hybrid AI and high-performance computing setups, a strategic shift that buoyed stocks earlier this year despite shrinking Core revenue. While AI data centers attract billions in investment, Bitcoin remains the primary income source for most.