BITCOIN DEMAND SOARS AMONG MAJOR PLAYERS

📈 Bitcoin Demand Soars Among Major Players

🇯🇵 Japanese company Metaplanet plans to raise $62 million to expand its cryptocurrency holdings. Currently, the company owns 1,142 BTC.

🏭 Mining giant Marathon Digital (MARA) has also joined the action, purchasing an additional 703 BTC in November, bringing their total holdings to 6,474 BTC.

🎥 Meanwhile, streaming platform Rumble has announced its adoption of the Bitcoin Standard.

As part of its new treasury strategy, the company plans to invest $20 million in Bitcoin.

⚡️ The growing corporate demand for Bitcoin explains why it resists deep corrections.

When a scarce asset is in high demand, its price only goes up — it’s simple math. 🤷

The governments of the US, China, and the UK collectively hold 463,109 BTC worth $43.2 billion!

This amounts to 2.34% of the current supply of the first cryptocurrency. 🧐

And let’s not forget Bhutan and El Salvador, with their solid Bitcoin reserves too... 🌍💰

Spotlight on XRP: 21Shares Files for Spot XRP ETF with the SEC

In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.

According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP.

Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.

The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles.

This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.

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