The Block
Quick Take The Tokyo-listed firm said today that it purchased an additional 124.1 BTC ($11.3 million), increasing its total holdings to 1,142.2 BTC. Its stock closed up 15.1% on Tuesday in Japan.
Quick Take Crypto exchange Bitget is burning 800 million of the exchange’s native BGB tokens. The exchange will also introduce quarterly burns based on exchange profits.
Quick Take Jupiter plans to expand its token distribution with an airdrop event in January. It will distribute 700 million tokens ($580 million) to users, stakers and contributors.
Quick Take Institutional investment managers with at least $100 million in equity assets under management recently filed 13F reports. Business intelligence firm MicroStrategy holds 331,200 BTC, worth roughly $29.7 billion.
Quick Take Donald Trump’s social media company Truth Social is reportedly in “advanced talks” to acquire storied crypto platform Bakkt, according to the Financial Times citing two people familiar with the matter. Bakkt, founded by NYSE operator Intercontinental Exchange in 2018, has gone through multiple pivots as it has struggled to gain traction.
Quick Take Coinbase CEO Brian Armstrong is meeting with President-elect Donald Trump to discuss “personnel appointments,” according to The Wall Street Journal. Trump has yet to pick who to nominate as Treasury Secretary and chair of the Securities and Exchange Commission — both of which would have major implications for the crypto industry.
Quick Take Bitget is set to merge its wallet token BWB into BGB, unifying the pair into a single ecosystem token. BGB is currently the only major cryptocurrency experiencing substantial gains on a day of widespread declines.
Quick Take Ethereum co-founder Vitalik Buterin has donated over $293,000 to a Thai zoo to “adopt” Moo Deng, the pygmy hippopotamus that achieved viral fame in 2024. Buterin said he made the donation in recognition of the hospitality of the Thai people during Ethereum-related events in the country, such as November’s Devcon SEA conference held in Bangkok.
Quick Take 13Fs are a way to glimpse how the largest portfolios and some of the most influential money managers play the market. BlackRock’s iShares Bitcoin Trust remains the market leader among Bitcoin ETFs.
Quick Take Heather. Morgan, who also goes by her rap name, “Razzlekahn,” was sentenced in a Washington D.C. court on Monday. Morgan’s husband, Ilya “Dutch” Lichtenstein was sentenced to five years in prison for his role last week.
