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Chinese Maker of Bitcoin-Mining Machines Is a Security Threat, Says Expert
Bloomberg Television· 2025-12-02 19:52
Is he correct there, David, that this machinery does not pose a national security risk. Now, unfortunately, there are major concerns across the US government, across the US intelligence community and law enforcement from the Congress, from the Senate Intelligence Committee, that actually this equipment poses certain major national security vulnerabilities, both with respect to hostile intelligence collection and with respect to the ability of China potentially to use these machines to sabotage the US power ...
Strategy’s dollar reserve fails to soothe Bitcoin-sales concern
Bloomberg Television· 2025-12-02 19:45
Equity Issuance & Cash Reserve - The company issued $144 billion of equity in eight and a half days [1] - The equity issued is enough to cover 21 months of operation [1] - The company has 74 years of dividends covered by its Bitcoin holdings [2] - The company aims to grow its cash reserve to cover two to three years of dividends, targeting the end of 2028 or January 2029 [2] Bitcoin & Dividend Strategy - The company addressed concerns about selling Bitcoin to cover dividends [2] - The company does not anticipate needing to sell Bitcoin to pay dividends, given the built-up cash reserve [3]
How rich do you have to be to start a family office?
Bloomberg Television· 2025-12-02 19:23
a 25,000 square foot mansion with 60 rooms and more than 40 staff. That's been a Harala family solution for staying close and keeping their clan fairly unified for almost 100 years, even as it expands to more than 165 family members. The Harelas built their fortune through a string of international hotels.Like many ultra-wealthy families, they're in the process of starting a family office to manage their finances and affairs. These officers can be as small as one trusted adviser or as large as a full team h ...
How Ken Burns got Josh Brolin to play George Washington | The Mishal Husain Show
Bloomberg Television· 2025-12-02 19:19
Filmmaking Approach - The filmmaker emphasizes inhabiting the words rather than projecting, suggesting a more intimate and nuanced performance [3] - The director seeks to capture glimpses of emotion and passion within an otherwise opaque portrayal of George Washington [4] - The filmmaker aims for actors to lower their voices, creating a sense of closeness with the audience, similar to reading to children [3] Casting and Collaboration - The director cast Josh in the film after hearing his voice in "Dune 2" [2] - The director communicated with Josh via Zoom, highlighting the use of technology in modern filmmaking [2] Project Challenges - Depicting George Washington is considered an "impossible task" due to his opaque and unknowable nature [3] - The director acknowledges the difficulty in accurately portraying historical figures, particularly George Washington [1]
Strategy's Dollar Reserve, Bitcoin Steady Again, Bitmain Investigation | Bloomberg Crypto 12/2/2025
Bloomberg Television· 2025-12-02 18:57
>> LIVE FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK, I'M KATIE GREIFELD STEPPING IN FOR SCARLET FU. >> I'M STUDENT DEBT TIM STENOVEC. WELCOME TO "BLOOMBERG CRYPTO." TRANSACTIONS IN TECHNOLOGY IS SHAPING UP THE WORLD OF CENTRALIZED FINANCE.>> BITCOIN CLIMBS BACK ABOVE $5,000, ITS BEST DAY SINCE MAY. RECOVERING FROM A BRUISING SELLOFF THAT ERASED NEARLY $1 BILLION IN LEVERAGE BETS. TIM: WE WILL TALK TO THE CEO OF STRATEGY, WHO CREATED A 1.4% BILLION DOLLARS RESERVE TO FUND DIVIDEND AND INTEREST PAYMENTS T ...
Strategy CEO Wants to Keep Paying Dividend in Perpetuity
Bloomberg Television· 2025-12-02 17:41
Financial Strategy & Risk Management - MicroStrategy's primary treasury reserve asset is Bitcoin, complemented by a U S dollar reserve for short-term obligations like dividend payments [2][3] - The company aims to maintain a cash reserve equivalent to 2-3 years of dividend payments, which will grow with the issuance of more preferred shares [12] - MicroStrategy considers selling Bitcoin as a last resort, prioritizing dividend payments [7] - The company clarifies its leverage is 12%, or 27% including preferred shares, significantly lower than typical public companies in the US [8] - MicroStrategy issued $1.44 billion of equity in eight and a half days, enough to cover 21 months of dividends [9] Dividend Policy - MicroStrategy is committed to paying dividends in perpetuity, though the board retains the right to suspend them [6] - Suspending dividends could create fear, uncertainty, and doubt among preferred shareholders, impacting convertible and equity shareholders [5] Company Identity & Market Perception - MicroStrategy emphasizes it is an operating company, not a closed-ended fund or ETF, and should be valued at a premium for its ability to grow its treasury and operating income [15][16] - The company is engaging with MSCI to educate them on its identity as an operating company, countering the perception that it is an investment fund [18][19] Bitcoin Strategy & Future Opportunities - MicroStrategy's core business is buying and holding Bitcoin [22] - The company is excited about traditional finance entering the Bitcoin space, with banks offering custody, lending, and staking services [22][23] - MicroStrategy is open to partnering with US-based banks with strong balance sheets for Bitcoin services like custody and lending [25]
Trump Says He’ll Probably Announce New Fed Chair ‘Early Next Year’
Bloomberg Television· 2025-12-02 17:19
Inflation & Economy - Inflation has been stopped in its tracks, with further reduction expected to reach a near-perfect level [1] - Some states are selling gasoline at less than $2.75 [2] - Thanksgiving turkey costs are down 33% compared to the previous administration [2] - Egg prices have decreased significantly, down by 86% [2] Federal Reserve (The Fed) - The current chairman of the Fed is perceived as incompetent and should reduce rates [3] - A new chairman of the Fed will likely be announced early next year [4]
Witkoff to Meet Putin as Zelenskiy Says Latest Plan 'Looks Better'
Bloomberg Television· 2025-12-02 17:19
And on the topic of security guarantees, we have concrete details from the US, concrete details from Europe. I'd say these are the three main topics tracks, but also triggers. We need to be very careful here.I think our negotiation teams, the plan looks better. Let's now bring in Bloomberg scholar Muskie reporter. Are we any closer to actually seeing a deal.What's the latest. Hi, Francine. So indeed.So as you pointed out, President Zelensky yesterday said that the new plan or the latest version of it looks ...
Canada Would Welcome Ukraine Into NATO, Foreign Minister Anand Says
Bloomberg Television· 2025-12-02 17:10
Geopolitical Stance on Ukraine - Ukrainian sovereignty is of utmost importance, with considerations for its prosperity post-ceasefire [1] - Canada strongly advocates for Ukraine's inclusion in peace negotiations and NATO discussions, opposing any negotiation that compromises Ukrainian interests, especially regarding Luhansk, Donetsk and Crimea [2][3][7] - Canada welcomes Ukraine's potential accession to NATO, contingent on Ukraine meeting the necessary requirements [4] NATO's Role and Peace Plan - The peace plan involves considerations for NATO, including potential limitations on accepting new members [4] - Some aspects of the peace plan require the involvement of other organizations, including NATO [5] - Discussions regarding a ceasefire and peace plan are actively underway, highlighting the need for solutions that respect Ukraine's geographical boundaries [6][7] Canadian Support for Ukraine - Canada was among the first to contribute to the Pearl program, demonstrating a strong commitment to Ukraine [9] - Canada's defense budget for 2025 includes an $80 billion commitment, aiming to reach 2% of GDP this year and 5% of GDP by 2035, underscoring the importance of Ukraine and NATO in its foreign policy [10] - Canada intends to double non-U S trade in the next ten years, necessitating diversification of supply chains and trading routes [11]
Apollo’s Jim Zelter Looks Ahead to 2026
Bloomberg Television· 2025-12-02 16:50
Let's start with the look ahead for next year, which is everything is awesome. And what we're hearing from every single person who comes on the show is that next year is going to be double digit gains in the S&P 500 at the same time that you continue to get grind out better returns from the debt space. Is there a contradiction here.Well, I would just say that the the confidence sitting here in December about next year that anybody puts forth has to be taken with a little bit of of skepticism because of the ...