Market Signal Briefing

About Jamie Ashcroft
Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development.
As one of the early external hires at Proactive in 2009, Jamie contributed... Read more

About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

Use of technology
Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

HomeStock IdeasLong IdeasTech 

SummarySuper Micro shifted from guidance-driven valuation to contracted reality, reporting over $13 billion in firm orders tied largely to Nvidia GB300.FY26 revenue guidance increased to at least $36 billion, while $1.5 billion of Q1 revenue was deferred, not canceled.DCBBS marks a structural pivot from server integration to full data center infrastructure, improving long-term margin potential beyond box hardware.Capacity expansion targets up to 6,000 racks monthly by FY26, including 3,000 liquid-cooled racks priced near $3 million each.At roughly $32 per share, SMCI trades at mid-teens forward P/E and sub-1x EV/sales, pricing in skepticism. Oselote/iStock via Getty Images

When I initiated coverage on Super Micro Computer (SMCI) in December 2024, I avoided the stock due to high execution risk and bad timing. My thesis proved right, as the stock lagged the broader market

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SMCI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Daiichi Sankyo Company, Limited (DSNKY) Discusses Oncology Pipeline Advances and Phase III Clinical Updates at Science and Technology Day December 15, 2025 5:30 PM EST

Company Participants

Kentaro Asakura - Corporate Officer, Head of Corporate Communications Deptt, Global Corporate Planning & Mngmt
Hiroyuki Okuzawa - President, CEO & Representative Director
Ken Takeshita - Head of Research & Development Unit
Joseph Keller - President & CEO
Hiroto Kashiwase - Executive Officer & Head of Technology Division
Yuki Abe - Corporate Officer, Head of R&D Division and Head of Research Function

Conference Call Participants

Hidemaru Yamaguchi - Citigroup Inc., Research Division
Kazuaki Hashiguchi - Daiwa Securities Co. Ltd., Research Division
Seiji Wakao - JPMorgan Chase & Co, Research Division
Matsubara - Nomura Securities Co. Ltd., Research Division
Shinichiro Muraoka - Morgan Stanley, Research Division
Stephen Barker - Jefferies LLC, Research Division
Miki Sogi - Sanford C. Bernstein & Co., LLC., Research Division
Tony Ren - Macquarie Research
Michael Nedelcovych - TD Cowen, Research Division

Presentation

Kentaro Asakura
Corporate Officer, Head of Corporate Communications Deptt, Global Corporate Planning & Mngmt

[Interpreted] Thank you for your participation. We will now begin Daiichi Sankyo's Science and Technology Day 2025. I am Asakura from Corporate Communications, your moderator today.

First, regarding languages. This briefing will be conducted in Japanese and English. Simultaneous interpretation is available. Please click the Interpretation icon at the bottom of your Zoom screen and select either Japanese, English or original audio . If you select original audio, you will hear the original audio. The Zoom screen and Live stream will display the English presentation materials. The Japanese and English presentation materials are available on our corporate website's IR library under the IR presentation materials page. Please download and view them as needed.

Today's speakers are Okuzawa, President and CEO; Takeshita, Head of Global R&D; Ken Keller, Director and Head of Global Oncology business; Kashiwase, Head of Global Technology; and Abe, Head of Global

About Jamie Ashcroft
Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development.
As one of the early external hires at Proactive in 2009, Jamie contributed... Read more

About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

Use of technology
Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

Ford Motor is recalling 32,160 vehicles in the United States, as loss of drive power increases the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday.

Costco stock has been stuck in the mud despite continued sales momentum.

Costco Wholesale (COST 2.70%) continued its streak of strong results when it reported its fiscal Q1 earnings, but its stock, nonetheless, remains stuck in the mud. It's now trading down nearly 5% year to date and is about 11% lower over the past year, as of this writing.

Below, I'll take a closer look at the retailer's results and prospects to see if the stock can break out in 2026.

Strong momentum
Costco's momentum continued in fiscal Q1, led by strong e-commerce sales. Digital revenue surged 20.5%, with traffic climbing 24% and average order value up 13%. App traffic, meanwhile, soared 48%.

Image source: Getty Images.

The company credited the gains to the introduction of personalized product recommendations, improved display pages, and better search functionality. Meanwhile, it said after the quarter that it saw a record Black Friday for its e-commerce business, with $250 million in non-food orders.

Overall, the company's fiscal Q1 revenue jumped 8% to $67.31 billion and adjusted earnings per share (EPS) rose 11% to $4.50. That was ahead of the analyst consensus for EPS of $4.27 on revenue of $67.14 billion, as compiled by LSEG.

Same-store sales climbed by 6.4% when adjusting for changes in gasoline prices and foreign currency. U.S. same-store sales rose 5.9% (adjusted), while Canadian comparable-store sales climbed 9% (adjusted). Other international same-store sales rose by 6.8% (adjusted).

Excluding gasoline and currency impacts, Costco's average transaction rose 3.2% both worldwide and in the U.S., and traffic grew by 3.1% worldwide and 2.6% in the U.S. Meat sales continue to be strong, with another quarter of double-digit comparable-store sales growth, while overall fresh-food sales were up in the mid- to high-single digits. Non-food same-store sales rose in the mid-single digits, led by double-digit gains in gold and jewelry and health and beauty.

Membership-fee revenue jumped 14% year over year in the quarter to $1.33 billion, helped by a price hike in September 2024. Paid memberships, meanwhile, rose by 5.2% to 81.4 million paid households. Higher-cost executive memberships jumped by 9.1% to 39.7 million. These customers account for 49% of total paid memberships but make up 74.3% of Costco's worldwide sales.

Costco's membership renewal rate was 92.2% in North America and 89.7% worldwide and was once again impacted by lower renewal rates from younger consumers who sign up through digital channels. The company continues to work on ways to keep these customers engaged through targeted communication to help stabilize renewal rates in the coming quarters.

The warehouse club opened eight new locations in the quarter, including one relocation, for a total of 921 stores. It reduced its new store outlook to 28 stores this fiscal year due to delays in Spain, but continues to plan to open 30 or more in future years.

Today's Change

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Costco continues to see some of the strongest same-store sales among brick-and-mortar general merchandise retailers. Its comparable-store sales are growing more quickly than competitors like Walmart, which saw 4.5% U.S. comps and 3.8% at Sam's Club, and Target, where same-store sales dropped 2.7%. Meanwhile, this past year, the company got a nice lift from a membership price increase, which is 100% gross margin and falls right to the bottom line. However, that benefit is now in the past.

Despite this, the stock has gone nowhere over the past year. This is largely due to valuation, as the stock's forward price-to-earnings ratio (P/E) is a hefty 43.5 times. That's actually below the more than 55 times it traded at earlier this year. However, it has historically traded at a trailing P/E between 30 and 40 times.

Data by YCharts.

Given its valuation, Costco's stock probably will be pretty range-bound over the next year, before it can start returning to its winning ways. The retailer is hitting on all cylinders but still needs to catch up to its valuation.

LONDON & DUBAI & HONG KONG--(BUSINESS WIRE)--Premialab, a global provider of data, analytics and risk management solutions for quantitative investing, today announces a significant $220m growth investment from funds and accounts managed by KKR, a leading global investment firm. Under the terms of the agreement, KKR will lead a significant growth investment alongside existing investor Balderton. Founded by Adrien Géliot and Pierre Trecourt in 2016, Premialab is a global platform focused on the ~.

Surging more than 75% year to date, all eyes are on whether SoFi Technologies' stock could repeat its performance in 2026. A rich valuation, recent sideways price performance, and other glancing factors suggest another bull run is unlikely.

Nvidia is no longer alone in the market for accelerated computing chips.

Investors were thrilled to see AMD (AMD 1.52%) gain market share in 2025 and are hoping for more of the same improvement in 2026.

*Stock prices used were the afternoon prices of Dec. 11, 2025. The video was published on Dec. 13, 2025.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

December 16, 2025 04:00 ET

 | Source:

VEON Ltd.

Dubai and Kyiv, December 16, 2025: VEON Ltd. (Nasdaq: VEON), announces that Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments.

The acquisition marks Kyivstar’s first investment into renewable energy. Electricity generated by the solar facility will be supplied to Ukraine’s national grid in accordance with applicable market and regulatory frameworks.

The acquisition will enable Kyivstar to participate in Ukraine’s country-wide energy resilience, while also supporting Kyivstar’s operational and financial foundations by partially hedging against volatility in energy costs and dependability. The solar power facility is also expected contribute to an incremental improvement in Kyivstar’s overall carbon footprint.

“Investing in renewable energy is a strategic step that contributes to the development of renewable energy in Ukraine while enabling Kyivstar to enhance operational and financial stability. This investment, combined with the recent introduction of Starlink Direct to Cell satellite connectivity and ongoing installations of batteries and generators to directly power Kyivstar’s network mean that our customers can rely on us for connectivity and innovative digital services,” said Oleksandr Komarov, CEO of Kyivstar.

This acquisition represents further progress on Kyivstar’s and VEON’s commitment to invest USD 1 billion into Ukraine over 2023-2027, including through investments in connectivity, energy resilience, and Kyivstar’s portfolio of innovative digital businesses.

About Kyivstar
Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to have its shares traded on a U.S. stock exchange. Kyivstar Group’s operations span a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure and technological development, charitable donations and strategic acquisitions. For more information, please visit https://investors.kyivstar.ua. Nasdaq tickers: KYIV; KYIVW

About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 150 million connectivity and 120 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.

Forward-Looking Statements
This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, the impact of LLC SUNVIN 11 on Kyivstar’s operating, financial and sustainability performance. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the timing and impact of the impact of LLC SUNVIN 11 on Kyivstar’s operating, financial and sustainability performance, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.

Contact Information

VEON 
Hande Asik
Chief Communications and Strategy Officer
[email protected]

December 16, 2025 04:00 ET

 | Source:

Kyivstar Group Ltd

KYIV, Ukraine, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, today announced an investment in the alternative energy sector.

Kyivstar has acquired 100% of the shares of SUNVIN 11 LLC, the owner of an operational solar power plant with a capacity of 12.947 MW, located in Ukraine. The value of the transaction amounts to UAH 347.57 million (equivalent of USD 8.24 million).

“Investing in renewable energy is a strategic step that contributes to the development of renewable energy in Ukraine while enabling Kyivstar to enhance operational and financial stability. This investment, combined with the recent introduction of Starlink Direct to Cell satellite connectivity and ongoing installations of batteries and generators to directly power Kyivstar’s network mean that our customers can rely on us for connectivity and innovative digital services,” said Oleksandr Komarov, CEO of Kyivstar.

This investment launches a new strategic direction for Kyivstar—the development of its own energy-generating capacities. The investment will allow the company to diversify energy sources and reduce operational risks associated with energy supply instability. Kyivstar plans to assess and explore additional acquisition opportunities in the alternative energy sector.

The electricity produced by the acquired solar power plant will be supplied to Ukraine’s unified energy system in accordance with current market and regulatory rules, enabling Kyivstar to partially hedge risks related to fluctuations in electricity prices. According to preliminary estimates, the plant can generate electricity equivalent to approximately 4% of Kyivstar’s annual consumption.

Kyivstar also believes that this transaction reinforces its position as one of the largest private investors in the Ukrainian economy and a technological leader dedicated to driving innovation for the nation’s sustainable future.

Additional information: [email protected], www.kyivstar.ua.

Margins are important for home-builder stocks as companies have offered incentives like free upgrades to close deals.

HONG KONG, Dec. 16, 2025 (GLOBE NEWSWIRE) -- DirectBooking Technology Co., Ltd. (“DirectBooking” or the “Company”) (Nasdaq: ZDAI), an exempted company incorporated in the Cayman Islands with core businesses in AI applications, digitalized wine distribution, transportation and construction engineering services, today announced that its 2025 Annual General Meeting of Shareholders (the “AGM”) was duly convened and all resolutions submitted for shareholder approval were passed.

The AGM was held at 9:00 a.m. on December 14, 2025 at Room 2912, 29/F, New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong. Upon consideration of the matters presented, shareholders approved the resolutions as summarized as follows:

Proposal 1: Approval of Share Capital Changes

Shareholders approved an ordinary resolution to amend authorised share capital of the Company in the following manner and sequence with immediate effect ("Share Capital Changes"):

(a)  increase the Company’s authorized share capital from US$50,000 divided into 1,000,000,000 ordinary shares of a par value of US$0.00005 each to US$250,000 divided into 5,000,000,000 ordinary shares of a par value of US$0.00005 per share;

(b)  4,000,000,000 authorised ordinary shares of par value US$0.00005 each (including all of the existing issued ordinary shares) in the Company be redesignated and re-classified as 4,000,000,000 class A ordinary shares of par value US$0.00005 each, where the rights of the existing ordinary shares shall be the same as such class A ordinary shares;

(c)  1,000,000,000 authorised but unissued ordinary shares of par value of US$0.00005 each in the Company be cancelled and a new class of shares comprising of 1,000,000,000 class B ordinary shares of par value US$0.00005 each, which will be entitled to fifty (50) votes per share, with the rights and privileges as set out in the Second Amended M&A (as defined below) be created,

such that the authorised share capital of the Company shall become US$250,000 divided into (i) 4,000,000,000 class A ordinary shares of par value US$0.00005 each and (ii) 1,000,000,000 class B ordinary shares of par value US$0.00005 each.

Proposal 2: Adoption of Amended and Restated Memorandum and Articles

Shareholders approved, by special resolution, the Second Amended and Restated Memorandum and Articles of Association of the Company (the "Second Amended M&A") be adopted in substitution for and to the exclusion of the existing memorandum and articles of association with effect upon the Share Capital Changes taking effect.

Proposal 3: Approval of Share Consolidation

Shareholders approved an ordinary resolution following the Share Capital Changes and conditional upon the approval of the Board, on an effective date within one calendar year after the conclusion of the Meeting to be determined by the Board (the "Share Consolidation"):

(a)  every one thousand class A ordinary shares of US$0.00005 par value each, or such lesser whole number of shares of not being less than two as the Board may determine in its sole discretion, be consolidated into one class A ordinary share and every one thousand class B ordinary shares of US$0.00005 par value each, or such lesser whole number of shares of not being less than two as the Board may determine in its sole discretion, be consolidated into one class B ordinary share, where such consolidated Class A Ordinary Shares and Class B Ordinary Shares (as the case may be) shall rank pari passu in all respect with each other and have the same rights and are subject to the same restrictions (save as to nominal value) as the then existing class B ordinary shares of the Company as set out in the Second Amended M&A;

(b)  all fractional entitlements to the issued Consolidated Class A Ordinary Shares and Consolidated Class B Ordinary Shares as resulted from the Share Consolidation will not be issued to the Shareholders and instead, any fractional shares that would have resulted from the Share Consolidation will be rounded up to the next whole number; and

(c)  the Board be authorised and directed to do all such acts and things as it may consider necessary or desirable for the purpose of effectuating the Share Consolidation, including determining the definitive ratio of the Share Consolidation, the effective date of the Share Consolidation and any other changes to the Company’s authorised share capital in connection with and as necessary to effect the Share Consolidation.

Proposal 4: Technical Amendments to the Articles

Shareholders approved, by special resolution, subject to and immediately following the Share Consolidation being effected, the relevant provisions of the memorandum and articles of association of the Company then in effect be amended to reflect the Share Consolidation.

Company Statement

DirectBooking Technology Co., Ltd. stated that the approval of all four resolutions lays an important foundation for optimizing the Company’s future capital structure and enhancing corporate governance, and will support the Company in advancing its transformation plans and achieving its long‑term objective of empowering traditional industries through technology.

Cautionary Note Regarding Forward‑Looking Statements

This press release contains “forward‑looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical or current fact are forward‑looking statements, including but not limited to statements regarding matters to be considered at the AGM, the Company’s future business strategies, growth prospects, market opportunities, operating plans and financial condition. Forward‑looking statements can be identified by words or phrases such as “estimate,” “plan,” “project,” “intend,” “will,” “expect,” “believe,” “seek,” “target” and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. These statements are based on various assumptions (whether or not identified in this press release) and reflect the Company management’s current expectations, and are not guarantees of actual performance.

The Company cannot assure you that the forward‑looking statements in this press release will prove to be accurate. These forward‑looking statements are subject to a number of risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”). There may also be additional risks that the Company currently does not know or believes to be immaterial that could cause actual results to differ from those contained in any forward‑looking statement. In light of these material uncertainties, nothing in this press release should be regarded as a representation by any person that the results set forth in the forward‑looking statements will be achieved or that any of the expected results of such forward‑looking statements will be realized. The forward‑looking statements in this press release represent the Company’s views as of the date of this press release. Subsequent events and developments may cause these views to change. Although the Company may elect to update these forward‑looking statements at some point in the future, it has no current intention to do so, except as required by applicable law. Accordingly, you should not rely on these forward‑looking statements as representing the Company’s views as of any date subsequent to the date of this press release.

, /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was notified that the Hellenic Parliament and KYSEA (Government Council for National Security) have approved a budget for the purchase of the Company's PULS rocket artillery system for the Hellenic Armed Forces. Considering the above, Elbit Systems anticipates receiving a contract in an amount that is material to the Company.

The anticipated contract award is contingent, among others, on completion of commercial negotiations with the Hellenic Ministry of National Defense. 

Elbit Systems' PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported $1,922 million in revenues for the three months ended September 30, 2025 and an order backlog of $25.2 billion as of such date.

For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact: 
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
[email protected] 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
[email protected]

Dalia Bodinger, VP, Communications & Brand
Tel: 972-77-2947602+
[email protected]

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release.

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

SOURCE Elbit Systems Ltd.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CMG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilientCrypto's bear grip squeezes tighter as 75 of top 100 coins trade below 50- and 200-day SMAs.Updated Dec 16, 2025, 7:56 a.m. Published Dec 16, 2025, 7:46 a.m.

The cryptocurrency market is flashing deep bearish signals as the year-end approaches.

As of writing, data from TradingView showed that 75 of the top 100 coins by market value traded below both their 50-day and 200-day simple moving averages (SMAs), indicating across-the-board weakness in the digital asset market.

STORY CONTINUES BELOW

This indicates capital flight from the crypto market in the wake of industry leader bitcoin's BTC$86,254.37 slide to $87,000 from the record high of over $126,000 in early October.

The 50- and 100-day SMAs filter out day-to-day noise and smooth out price action to spot broader momentum shifts, and traders and investors widely track them. Think of these as guardrails: crossing below both signals underperformance against short- and long-term trends, often triggering intensified selling and accelerated declines.

In stark contrast, just 29 Nasdaq 100 stocks mirror this weakness, highlighting the still-bullish market breadth of technology stocks. Bitcoin is know to track Nasdaq moves closely, amplifying downside swings in bearish phases.

Bear grip tightensAmong the 75 trading below key averages are heavyweights like bitcoin, ether ETH$2,930.42, solana SOL$126.17, BNB BNB$859.12, and XRP$1.8833, which together command 78% of crypto's $3 trillion market cap.

In other words, the biggest coins are flashing red across the charts, dragging the entire sector down like an anchor on a sinking ship.

These are the most liquid and institutionally traded assets, powering products like CME futures and spot ETFs. A bearish signal from them signals caution, making investors far less willing to chase risk into smaller, illiquid alternative cryptocurrencies.

This kind of weaker market breadth has historically brought more pain.

Only 8 coins oversoldOnly eight of the top 100 coins qualify as oversold on the relative strength index (RSI) when filtering the 75 already trading under both their 50- and 200-day SMAs. These are PI, APT, ALGO, FLARE, VET, JUP, IP, KAIA.

This layered view sharpens the picture: the broad SMA breach shows widespread downtrends, but adding the RSI oversold filter, measuring exhausted selling momentum, narrows it to just 8. It means that most coins aren't hitting panic bottoms yet and have room to fall further.

Traders see this as bearish confirmation, pointing to more downside before any meaningful bull revival.

The 14-day RSI measures recent price momentum on a 0-100 scale. Below-30 readings are said to represent oversold conditions, a sign that the asset has fallen a little too fast and may consolidate or bounce. Meanwhile, readings above 80 represent overbought conditions.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Ripple, a blockchain-based infrastructure for global payments, has taken a major step to expand the use of its US dollar-backed stablecoin, RLUSD. On December 15, the company confirmed it is testing RLUSD on several Ethereum layer-2 networks, including Optimism, Base, Ink, and Unichain. 

This move builds on its earlier launch and aims to create a more connected system while increasing real-world use for XRP.

Ripple RLUSD Stablecoin Goes MultichainAccording to recent updates shared by the Ripple community, Ripple’s RLUSD stablecoin, which already has a market value of about $1.3 billion, has adopted Wormhole’s NTT standard. 

This upgrade allows RLUSD to move between blockchains as the original token, not as risky wrapped copies.

By using Wormhole’s Native Token Transfers system, RLUSD can shift smoothly across networks while staying secure and liquid. This setup also lets Ripple keep full control over how RLUSD operates on each supported blockchain.

How XRP Fits Into This Bigger PlanWhile RLUSD acts as the “digital cash” in Ripple’s system, XRP plays the role of the liquidity engine. At the same time as RLUSD expands, partners like Hex Trust are rolling out wrapped XRP (wXRP). 

This allows XRP to be used on networks like Solana and Ethereum, where it can serve as collateral, trading liquidity, or DeFi fuel.

Together, RLUSD handles stable payments, while XRP helps move value between blockchains. For XRP holders, this means XRP is no longer limited to one network and can now play a bigger role across the wider crypto ecosystem.

More Chains Planned in 2025Ripple is currently testing RLUSD on major Ethereum layer-2 networks like Optimism, Base, Ink, and Unichain. A full launch is planned for next year, once regulators give approval.

Once live, RLUSD will work smoothly across different blockchains while staying fully regulated. With strong regulatory support and growing cross-chain use, Ripple is building RLUSD for the next stage of crypto adoption.

Institutional Adoption Strengthens Ripple CaseRipple’s progress is backed by strong regulatory approvals in New York and growing use in tokenized funds. BlackRock’s BUIDL platform already uses Wormhole for cross-chain activity, showing rising trust from large institutions.

While prices may not rise quickly in the short term, Ripple’s multichain approach increases XRP’s real use. Over time, this wider use can support long-term value.

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Bitcoin (BTC) has experienced a 4% drop, falling below the $86,000 mark on Monday, as market speculation grows regarding the cryptocurrency’s future following the Bank of Japan’s (BOJ) interest rate decision. 

In a recent poll conducted from December 2 to 9, an overwhelming 90% of economists—63 out of 70—predicted that the BOJ would increase short-term interest rates from 0.50% to 0.75% at this week’s planned meeting.

Experts Warn Of Impact From BOJ Rate Hikes
Experts on social media have noted a concerning trend: during the last three rate hikes by the BOJ, Bitcoin has typically dropped significantly. The statistics reveal the following declines: a 23% drop in March 2024, a 26% decline in July 2024, and a 31% dip in January of this year. 

Based on current prices just below $86,000, this would imply that if the cryptocurrency sees another 20% correction, it could drop all the way to 68,800. This would mean extending the gap compared to the all-time high of $126,000 by almost 46%. 

The daily chart shows the BTC price’s drop below $86,000 on Monday. Source: BTCUSDT on TradingView.com
The group of experts further highlighted that the dynamics at play in Japan significantly impact Bitcoin’s performance as Japan holds the largest amount of US debt of any nation. 

When Japanese interest rates rise, capital tends to flow back to Japan, leading to reduced liquidity in dollars. This decrease in dollar liquidity often results in the selling of riskier assets like Bitcoin.

On November 30, a foreboding sign of this potential downturn appeared when confirmation of Japan’s impending rate hike caused Bitcoin to dip to around $83,000, erasing approximately $200 billion from the overall cryptocurrency market.

However, the bearish sentiment affecting Bitcoin is not solely the result of Japan’s actions. Market analyst known as NoLimit recently pointed to another critical factor: China’s renewed crackdown on Bitcoin mining. 

China’s Mining Crackdown Spurs Bitcoin Sell-Off
The analyst recently asserted that China has tightened regulations, particularly affecting operations in Xinjiang, where a significant number of crypto mining setups were shut down in December. This led to the abrupt offline status of roughly 400,000 miners.

The repercussions of such a sudden shift in mining activity are already evident. The Bitcoin network hashrate has fallen by about 8%, indicating that fewer miners are actively contributing to the network. 

NoLimit suggests that this sudden reduction creates immediate revenue-loss for miners, who may need to liquidate Bitcoin to cover operational costs or to relocate their equipment. Consequently, this generates actual selling pressure on the market, contributing to the downward price trend seen on Monday.

Despite the short-term pain this creates, the analysts clarified that it does not indicate a long-term bearish outlook for Bitcoin. Instead, he views it as a temporary supply shock driven by regulatory decisions rather than a shift in demand. 

Historical patterns support this notion: when China has previously cracked down on miners, the cycle follows a familiar trajectory: miners are forced offline, hashrate dips occur, prices fluctuate, and eventually, the network adapts before Bitcoin moves forward again.

Featured image from DALL-E, chart from TradingView.com

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Ripple, the issuer of the fast-growing RLUSD stablecoin, has recently announced an ambitious multichain strategy aimed at enhancing its presence in the crypto space. 

This initiative will see RLUSD integrated into Layer-2 (L2) solutions on the Ethereum (ETH) blockchain, facilitated by a partnership with Wormhole, one of the largest protocols for cross-chain interoperability.

Ripple Targets Broader Blockchain Integration
In a press release issued on Monday, Ripple and Wormhole detailed their plans to initiate testing on several notable L2 networks, including Optimism (OP), Base, Ink, and Unichain. 

The collaboration will leverage Wormhole’s Native Token Transfers (NTT) standard, which is designed to ensure efficient movement of liquidity across various blockchain ecosystems while allowing Ripple to maintain native control over RLUSD.

Originally launched on both the XRP Ledger (XRPL) and Ethereum, RLUSD aims to enhance cross-chain functionalities and decentralized finance (DeFi) opportunities. 

Jack McDonald, Senior Vice President of Stablecoin at Ripple, emphasized the significance of stablecoins in the DeFi landscape, stating:

Stablecoins are the gateway to DeFi and institutional adoption. RLUSD is designed from the ground up to be the trusted, liquid medium necessary for users to seamlessly enter, interact with, and exit the entire digital asset economy.

The executive also highlighted that by launching RLUSD as the first US Trust Regulated stablecoin on these L2 networks, Ripple is also setting a standard where compliance meets on-chain efficiency. Looking toward, Ripple plans to launch RLUSD on additional chains, pending final regulatory approval. 

RLUSD Becomes Third-Largest US-Regulated Stablecoin
Notably, RLUSD has achieved a market capitalization of $1.3 billion in less than a year, making it the third-largest stablecoin among US-regulated options, according to CoinGecko data. 

Positioned for compliance with the GENIUS Act, RLUSD’s circulating supply surged by 28% in November alone, crossing the billion-dollar threshold. It currently ranks behind only Circle’s USDC and PayPal’s PYUSD in the US-regulated dollar tokens. 

In a significant development in November of this year, Ripple also initiated a new pilot program with traditional finance giants Mastercard, WebBank, and crypto exchange Gemini aimed at facilitating credit card transaction settlements using RLUSD on the XRP Ledger. 

This partnership allows WebBank to send RLUSD over the XRPL for instant settlement of daily payment obligations with Mastercard, eliminating the traditional delays associated with bank ACH transfers.

Ripple’s president, Monica Long, described this pilot as a “meaningful step” toward demonstrating how regulated digital assets can expedite institutional payment processes. 

The daily chart shows XRP’s drop below the $2 floor on Monday. Source: XRPUSDT on TradingView.com
XRP, which is also associated with the company, is trading at $1.90. This represents a 5% drop over the past 24 hours, in line with the broader correction in the crypto market cap, which has seen Bitcoin (BTC) and other leading altcoins resume the downtrend witnessed over the past two months. 

Featured image from DALL-E, chart from TradingView.com 

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CME Group just launched spot-quoted XRP and Solana (SOL) futures, expanding its crypto offerings.

The Chicago-based derivatives marketplace says it introduced the new contracts to meet growing demand from traders.

The new futures are listed on CME and CBOT, complementing existing spot-quoted Bitcoin (BTC) and Ethereum (ETH) products.

Investors can now hold positions in spot-market terms with longer expiries instead of having to repeatedly close and open new contracts to extend exposure.

These futures, providing flexibility for long-term views or quick trades.

Says Global Head of Cryptocurrency Products at CME Group, Giovanni Vicioso,

“Designed for the everyday trader, the size of these contracts – our smallest yet within our Crypto complex — will provide greater precision and market accessibility to clients, while also being quoted in terms they are already familiar with.”

Bitcoin and ETH futures have shown strong growth, with an average daily volume of 11,300 contracts launch-to-date, rising to 35,300 in December, with a record 60,700 on November 24th.

Bitcoin (BTC) is down 30% from its $126,200 peak, trading just above the $85,000 support and fueling concerns of a deeper pullback toward the $70,000 region. Still, onchain data showed institutions and high-net-worth individuals are accumulating BTC.

Key takeaways:

Bitcoin sharks accumulated aggressively at 2012-level speeds, signaling a dip-buying trend.

Heavy selling by long-term and OG whales continues to cap upside, keeping near-term downside risks elevated.

BTC/USDT daily chart. Source: TradingViewMid-sized Bitcoin traders add 54,000 BTC in a week Bitcoin “sharks,” entities holding between 100 and 1,000 BTC, increased their collective holdings to about 3.575 million BTC from roughly 3.521 million BTC over the past seven days, absorbing around 54,000 BTC from smaller holders, according to Glassnode.

BTC shark net position change. Source: GlassnodeThe move marked the fastest pace of shark accumulation since 2012, suggesting strong bullish conviction among higher-net-worth individuals and institutional players despite BTC’s 30% drawdown.

In 2012, a comparable surge in Bitcoin accumulation preceded one of its earliest major rallies, with BTC climbing to above $100 from roughly $10 within a year, marking an approximately 900% increase.

BTC shark net position change. Source: GlassnodeA similar pattern played out in 2011, when aggressive accumulation by mid-sized holders followed Bitcoin’s 350% rise to over $14 from below $3.

A repetition of this historical fractal would favor further upside.

Bitcoin faces sell pressure from long-term holdersWhales with holdings over 10,000 BTC emerged as the major driver behind the sell-off over the past two months, highlighting that the buying power of sharks was insufficient.

BTC supply held by entities with a balance of over 10,000 tokens. Source: GlassnodeThat imbalance aligned with Capriole Investments’ assessment that record institutional buying has been met by equally historic long-term holder distribution.

Founder Charles Edwards wrote in a Tuesday post:

“While institutional buying on Coinbase has reached unprecedented levels (Z-score 15.7), it is being absorbed by 'OG' whales and long-term holders selling at rates not seen in years (Hodler Growth Rate at 0.6th percentile).” BTC/USD daily chart. Source: TradingView/Charles EdwardsThe price appreciation may be capped until the heavy distribution from older coins subsides, he added.

Adding to the downside outlook, veteran trader Peter Brandt highlighted Bitcoin’s recent breakdown below its parabolic support, a move that historically led prices down by around 80%. In other words, BTC price could reach as low as $25,000 if the fractal repeats.

BTC/USD weekly chart. Source: TradingView/Peter BrandtThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Bitcoin price is facing renewed pressure as broader markets kick off the final full trading week of 2025 in the red. The Nasdaq, S&P 500, and Dow all reversed early gains on Monday as AI-linked tech stocks dragged sentiment lower. That weakness has spilled into crypto, with Bitcoin price now trading near $86,000, down roughly 1.5% on the day. Let’s unpack what’s driving the move and what the chart tells us about what’s next.

Bitcoin Price Prediction: Macro Headwinds Tighten Their GripInvestors are turning cautious again after the Federal Reserve’s latest rate cut reignited worries that the U.S. economy may be slowing faster than expected. The upcoming labor market report, delayed due to the recent government shutdown, is expected to show a sharp cooling in hiring — with just 50,000 jobs added in November and unemployment ticking up to 4.5%, the highest since 2021.

That data backdrop matters for Bitcoin price. A weakening job market erodes consumer risk appetite and raises fears of a recession. In risk-off environments, liquidity often shifts toward the U.S. dollar and Treasuries, pulling capital out of speculative assets like BTC. Although the U.S. dollar index remains subdued near 98.30, it could find support if unemployment spikes, adding further downside risk for Bitcoin in the short term.

Technical Breakdown: Bitcoin Price Prediction Under PressureBTC/USD Daily Chart- TradingViewThe daily BTC price shows a clear technical squeeze developing between the Bollinger Bands, signaling declining volatility before a potential breakout. Bitcoin price recent attempt to push above the 20-day moving average near $90,300 failed, and the price has now slipped below the middle band, indicating renewed bearish momentum.

Support lies around $85,800–$85,000, which has been tested multiple times since early December. A decisive close below this level could trigger a deeper correction toward $80,000, with the lower Bollinger Band and horizontal Fibonacci confluence offering the next major defense. On the upside, bulls would need to reclaim $90,000 to regain control, followed by a stronger push above $93,800 to confirm trend reversal.

The candles also show waning bullish conviction — the last few green sessions lacked follow-through, suggesting sellers are dominating rallies. Momentum indicators (not shown on this chart) would likely confirm a neutral-to-bearish bias, with RSI likely hovering near mid-range and trending lower.

Stock Market Weakness Adds Pressure on CryptoThe correlation between Bitcoin and tech stocks has tightened again. Monday’s drop in Broadcom (-6%), ServiceNow (-11%), and Oracle (-2.7%) dragged the Nasdaq lower by 0.6%, mirroring Bitcoin’s decline. As investors trim exposure to high-beta assets amid concerns of an AI valuation bubble, Bitcoin is caught in the crossfire.

At the same time, gold is quietly climbing — up 0.2% to $4,335, near its all-time high — showing investors are leaning toward safe havens rather than digital assets. Historically, such divergences have preceded short-term crypto pullbacks.

Prediction: December Could End Flat or LowerIf the jobs report confirms a hiring slowdown and unemployment rises above 4.5%, risk sentiment could deteriorate further, pushing Bitcoin price into a deeper consolidation phase between $80,000 and $88,000 for the rest of December.

However, the medium-term picture remains constructive. The Fed’s dovish stance — with three consecutive rate cuts — keeps liquidity conditions improving beneath the surface. Once macro fear peaks, Bitcoin could find its footing and set up for a rebound in Q1 2026, potentially retesting $95,000–$100,000 as traders price in easier policy and lower yields.

Bottom Line$BTC price short-term outlook is fragile. The $85K zone is the line in the sand — lose it, and the path toward $80K opens quickly. But if BTC price can hold above support through this week’s volatile macro data, it could mark a base for a recovery into early next year.

In simple terms: December favors caution, but 2026 could reward patience.

Grayscale specifically pointed to rising concerns over fiat debasement, stronger institutional demand, and a more supportive US regulatory environment as the basis for its prediction. The asset manager also expects 2026 to mark the end of Bitcoin’s traditional four-year cycle as regulation, stablecoin growth, tokenization, and DeFi adoption become more important drivers of the market. 

Grayscale Sees Bitcoin Reaching New HighsGrayscale believes the cryptocurrency market is entering a renewed growth phase that could push Bitcoin to a fresh all-time high in the first half of 2026, driven by rising macroeconomic demand and a more supportive regulatory environment in the United States. The outlook was shared in the asset manager’s 2026 forecast report that was published on Monday.

According to Grayscale, Bitcoin’s next major move higher will be fueled by concern over fiat currency debasement as governments grapple with mounting public debt and its long-term inflationary consequences. The firm argues that as these risks intensify, investors will allocate capital toward alternative stores of value, particularly Bitcoin and Ethereum. 

Some key takeaways from Grayscale’s report

In this context, Grayscale also expects 2026 to mark the end of the long-debated Bitcoin four-year cycle theory, which means that structural demand and institutional participation are now more important drivers than historical halving-based patterns.

Regulatory developments are another central pillar of Grayscale’s bullish thesis. The firm said the US regulatory stance toward crypto shifted meaningfully over the past several years, moving from enforcement-heavy actions toward clearer guidance and collaboration with the industry. 

It specifically mentioned the approval of spot Bitcoin and Ethereum exchange-traded products, the dismissal of several high-profile enforcement cases, and the passage of the GENIUS Act on stablecoins as milestones that helped legitimize crypto in traditional finance. Looking ahead, Grayscale expects bipartisan crypto market structure legislation to be passed in 2026, which it believes will further entrench blockchain-based finance in US capital markets and encourage sustained institutional investment.

Beyond price action, Grayscale shared ten major investment themes it expects to define the crypto landscape in 2026. Central to these is the expansion of stablecoins, supported by regulatory clarity under the GENIUS Act. The firm anticipates stablecoins becoming deeply embedded in financial infrastructure, including cross-border payments, derivatives collateral, corporate balance sheets, and consumer payments as an alternative to credit cards. 

Asset tokenization is also expected to reach a critical inflection point, while decentralized finance is projected to see eleven more growth, particularly in lending markets, alongside staking becoming a default strategy for investors seeking yield.

At the same time, Grayscale downplayed two narratives that have attracted a lot of attention but are unlikely to materially impact markets in the near term. The firm said that while quantum computing is an area of ongoing research and long-term risk management, it does not expect it to influence crypto valuations in 2026. Similarly, despite increased media focus on digital asset treasuries, Grayscale does not see them as a major swing factor for market performance next year.

Strategy Buys $980 Million in BitcoinStrategy also seems confident in Bitcoin as it once again added to its holdings. The company shared on Monday that it bought 10,645 Bitcoin for approximately $980.3 million, paying an average price of $92,098 per coin. The latest acquisition brings Strategy’s total Bitcoin holdings to 671,268 BTC.

The purchase happened as Bitcoin has struggled to maintain its recent highs, prompting many investors to turn cautious. Despite the broader downturn, Strategy continues to lean into its long-term Bitcoin accumulation strategy. The company’s proprietary Bitcoin yield metric, which tracks the percentage change in its Bitcoin holdings relative to its fully diluted share count, currently stands at 24.9%. Strategy says this reflects the effectiveness of its approach even as market conditions weakened.

Strategy accelerated its buying pace over the past few weeks after a relatively subdued period earlier in the year. In early December alone, the company bought more than 10,600 Bitcoin. Overall, the firm steadily built its Bitcoin position over several years by allocating operating cash to the asset and, more recently, by tapping capital markets through equity issuance and debt offerings to fund additional purchases.

Strategy Bitcoin purchases (Source: SaylorTracker)

The company also took steps to shore up its financial position and reassure investors. Strategy announced the establishment of a $1.44 billion US dollar reserve that is designed to cover future dividend obligations during periods of market stress. The reserve is expected to fund at least 12 months of dividend payments, with plans to extend coverage to two years. Management said the move is intended to provide better financial flexibility and stability. Chief executive Phong Le said the decision was also aimed at countering “fear, uncertainty and doubt” that tends to emerge during sharp market swings.

The crypto market fell below $3 trillion after bitcoin dropped to $85,140, triggering broad altcoin losses, with XRP among the worst hit as it slid to $1.85 and erased nearly all gains since April. XRP's Price Woes and Liquidation Spike The crypto economy saw its total market capitalization drop below $3 trillion late on Dec.

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Bitcoin treasury company Strategy has announced its latest purchase, taking its total investment in BTC beyond the $50 billion milestone.

Strategy Has Added 10,645 BTC With The Latest Acquisition
As announced by Strategy co-founder and chairman Michael Saylor in a new X post, the company has completed another big Bitcoin acquisition. With this new purchase, it has added 10,645 BTC to its reserves, spending $92,098 per token or $980.3 million in total.

The buy has come just a week after Strategy made another acquisition of a similar level. More specifically, the purchase last Monday saw 10,624 BTC entering the treasury company at a cost basis of $963 million. This buy was the firm’s largest since July, and the latest one is even bigger.

On the Monday coinciding with the start of December, Strategy only added a small amount of Bitcoin to its holdings (130 BTC) and a newly announced $1.44 billion USD reserve instead took the spotlight. Saylor noted that the reserve will better equip the company to navigate short-term market volatility.

The mega BTC buys in the two weeks that have followed since then suggest that despite the existence of the USD reserve, the cryptocurrency is still the priority for the treasury firm.

According to the filing with the US Securities and Exchange Commission (SEC), the new 10,645 BTC acquisition occurred in the period between December 8th and 14th, and was funded using sales of Strategy’s STRF, STRK, STRD, and MSTR at-the-market stock offerings.

The treasury company now holds a total of 671,268 BTC, with an acquisition cost of $50.33 billion. At the current exchange rate, the firm’s holdings are worth $57.56 billion, putting it in a net profit of over 14%.

The new purchase means that 2025 has overtaken 2024 in terms of the USD amount invested by Strategy into Bitcoin, as the chart shared by CryptoQuant community analyst Maartunn showcases.

The BTC investments made by Saylor's firm during each year | Source: @JA_Maartun on X
From the graph, it’s visible that the difference between the two years isn’t much right now, but 2025 still has a couple of weeks to go. It only remains to be seen whether Strategy will buy more in the coming days and if so, whether the purchases will be similar in size to the latest two.

Despite the scale of the acquisition, Bitcoin has plummeted following Strategy’s new announcement, taking both this week’s and last week’s massive purchases into the red.

The latest decline in the cryptocurrency has also come despite the fact that the spot exchange-traded funds (ETFs) witnessed a net amount of inflows during the past week, according to data from SoSoValue.

How the weekly netflow related to the Bitcoin spot ETFs has changed during the last couple of years | Source: SoSoValue
BTC Price
At the time of writing, Bitcoin is floating around $86,000, down around 4.5% over the last seven days.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, SoSoValue.com, CryptoQuant.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.