MicroStrategy is set to be included in the NASDAQ 100 index and announced on December 16 that it purchased 15,350 bitcoins between December 9 and 15, at a cost of approximately $1.5 billion, with an average purchase price of $100,386 per coin. After this acquisition, its total bitcoin holdings reached 439,000 coins, accounting for about 2.1% of the total bitcoin supply, with a total value of approximately $45 billion. The funds for this purchase came from about $1.5 billion raised from the sale of 3.88 million shares of stock, which is part of a broader plan to raise $42 billion through stock and bond issuance to further acquire bitcoin. Michael Saylor, the founder and chairman of MicroStrategy, compared bitcoin to New York City and its economy, calling it 'Network Manhattan.' With bitcoin prices reaching new highs, this statement has attracted attention. In an interview, Saylor declared, 'Our company will continue to buy bitcoin; every day is a good opportunity to purchase.' He stated that this situation is akin to 'buying Manhattan every year for the past 300 years.'

Earlier, on December 4, at the DealBook/Summit conference hosted by The New York Times, Federal Reserve Chairman Powell expressed his views on cryptocurrencies and the potential for a U.S. bitcoin national reserve. Powell pointed out that bitcoin is similar to gold in nature, both serving as a store of value. However, bitcoin exists in a virtual form and, due to its excessive volatility, it is difficult to serve as an effective payment or value storage tool. Thus, bitcoin is not a competitor to the U.S. dollar; its competitor should be gold.

Also on the evening of December 4, Meitu announced on the Hong Kong Stock Exchange that it had completed the sale of all its cryptocurrency holdings, realizing a profit of approximately $79.63 million (about 571 million RMB). The announcement indicated that Meitu began selling its cryptocurrency holdings in the market starting November 2024. As of December 4, it had sold all purchased cryptocurrencies, including about 31,000 units of Ethereum and about 940 units of bitcoin, with total cash consideration of approximately $100 million and $80 million, respectively. The Meitu board proposed to use about 80% of the net proceeds from the sale to pay a special dividend, with a special cash dividend of HKD 0.109 per share, and the remaining net proceeds to be used as general working capital to support the group's subscription-based imaging and design product business expansion. It is reported that Meitu purchased the aforementioned cryptocurrencies in March and April 2021, investing a total of $100 million at that time.#加密市场回调