来源：市场资讯 吴说获悉，据 Onchain Lens 监测，一地址向 Hyperliquid 存入 100 万枚 USDC 以增加其 HYPE 持仓。自 2025 年 12 月 17 日以来，该地址累计向 Hyperliquid 存入 1206 万枚 USDC，并以均价约 25.07 美元买入 480,997 枚 HYPE。 （来源：吴说） ...

吴说获悉，摩根士丹利已向美国证券交易委员会（SEC）提交以太坊信托（Ethereum Trust）的注册声 明。该文件提交于其日前递交现货比特币与 Solana ETF 申请之后。摩根士丹利于去年 10 月通过其财富 管理部门向客户开放加密资产投资渠道。 （来源：吴说） ...

Core Insights - Virtune, a Swedish regulated crypto asset manager, has listed Virtune Staked Ethereum ETP and Virtune Chainlink ETP on Deutsche Börse Xetra, enhancing its offerings in the German market [1][2]. Company Overview - Virtune has gained the trust of over 155,000 investors since its inception over two years ago and manages more than USD 330 million in assets [2][7]. - The company is recognized as one of the leading issuers of regulated crypto ETPs in Europe, with a product portfolio that includes 21 ETPs [7]. Product Details - The Virtune Staked Ethereum ETP offers exposure to Ethereum with the potential for increased annual returns through staking, backed 100% by ETH held in cold storage with Coinbase, and has an annual management fee of 1.40% [8]. - The Virtune Chainlink ETP provides exposure to Chainlink, also backed 100% by LINK held in cold storage with Coinbase, with an annual management fee of 1.49% [8]. Strategic Positioning - The listing of these ETPs reflects Virtune's commitment to providing secure, transparent, and regulated investment opportunities in the digital asset market for German investors [3][4]. - The company emphasizes its strategic collaborations and regulatory compliance to empower global investors with innovative investment products [9].

吴说获悉，据 @starzq 统计，对于主要的加密资产和核心美股资产，如果想要花费最小投资额赚到 100 万美元，则需要在 2006 年 3 月 27 日以 $0.44 价格最少买入 2,446 美元的英伟达股票可在 2025 年达成 100 万美元目标；或在 2010 年 6 月 29 日以 $1.71 价格买入 3,975 美元的特斯拉股票；或在 2014 年 9 月 17 日以 $457.33 价格买入 5,235 美元的 BTC；或在 2017 年 9 月 17 日以 $0.0013 价格买入 9,536 美元的 狗狗币等。 来源：市场资讯 （来源：吴说） ...

Strategy (Nasdaq: MSTR) acquired 10,624 bitcoin for approximately $962.7 million in cash between December 1 and December 7, according to a regulatory filing Monday. The purchase brings the company’s total bitcoin holdings to 660,624. The average purchase price per bitcoin for the company’s total holdings is approximately $74,696. The company paid an average price of $90,615 per bitcoin, which was funded through the sale of the company’s Class A common stock and Series A Perpetual Stride Preferred Stock u ...

Core Viewpoint - YZi Labs has issued a formal rectification notice to 10X Capital, accusing it of mismanagement, delayed information disclosure, and governance failures regarding its role as the asset manager for BNC, threatening to abandon the previously committed BNB treasury strategy in favor of investing in other crypto assets like SOL, which contradicts the strategic statements made during the July PIPE financing [1] Group 1 - YZi Labs demands that 10X Capital provide a written commitment by December 5 to continue executing the BNB treasury strategy and confirm that there has been no violation in the handling of BNB assets [1] - YZi Labs requests the public disclosure of key information, including treasury data and risk frameworks, from 10X Capital [1] - If there is no progress in rectification, YZi Labs plans to push for an expansion of the board and a change in management to protect shareholder interests [1]

Core Viewpoint - Strategy (MSTR), the largest publicly traded company holding bitcoin, did not increase its bitcoin holdings last week, marking the end of a six-week purchasing streak [1][2]. Group 1: Company Holdings and Performance - MSTR currently holds 649,870 bitcoin with an average cost basis of $74,433 per coin [2]. - The company's stock is trading approximately 70% below its all-time high, with a multiple to net asset value (mNAV) just above 1, the lowest level in the current cycle [2]. - Shares of MSTR rose by 1.5% early Monday, coinciding with a slight increase in bitcoin's price to $86,200 [3]. Group 2: Market Context and Concerns - The pause in bitcoin purchases comes amid concerns regarding MSTR's potential exclusion from major equity indexes, which has drawn significant attention from the company's Executive Chairman, Michael Saylor [2]. - Market speculation about the MSCI decision could impact MSTR's standing in top equity indices [4].

Group 1 - The stock price of Strategy (MSTR.US) has fallen below the market value of its Bitcoin holdings, indicating increasing market caution towards the largest enterprise Bitcoin holder [1] - Strategy's market capitalization dropped to approximately $65.34 billion, below the total value of its 641,692 Bitcoins, which is $66.59 billion, resulting in a "negative premium" phenomenon [1] - This occurrence is rare in Strategy's trading history, as the company typically trades at a premium over its net asset value, reflecting a shift in investor sentiment towards operational risks and potential dilution factors [1] Group 2 - Despite Bitcoin's relatively stable price fluctuations between $100,000 and $105,000, Strategy's stock price has experienced greater volatility, with traders viewing Bitcoin as a more "pure" market exposure [1] - Strategy has recently raised $49.9 million to acquire 487 additional Bitcoins, continuing its long-term holding strategy, but this move has raised concerns about future dilution risks and debt levels [2] - The recent price dip and subsequent rebound of Strategy's stock highlight a subtle change in institutional investor behavior, differentiating between the risks of "Bitcoin as an asset" and "companies holding Bitcoin" [2]

Core Insights - BitMine Immersion Technologies (NYSE: BMNR) has acquired approximately 203,800 ETH in the past week [1] - The company's total holdings in crypto assets and cash amount to $13.4 billion, which includes 3.24 million ETH, 192 BTC, $219 million in cash, and $119 million in Eightco Holdings equity [1] Summary by Category - **Acquisition Activity** - The company has recently purchased around 203,800 ETH [1] - **Total Holdings** - BitMine's total crypto assets and cash holdings are valued at $13.4 billion [1] - This total includes 3.24 million ETH and 192 BTC [1] - Cash holdings are reported at $219 million, alongside $119 million in equity from Eightco Holdings [1]

Core Insights - CEA Industries (BNC) is developing the "world's largest BNB corporate treasury" and currently holds 480,000 BNB, with total assets approximately valued at $663 million [1] - The company positions itself as a public market investment channel for the BNB ecosystem, with CEO David Namdar describing BNB as "the most undervalued blue-chip crypto asset" [1] - BNC's current implied net asset value per share is approximately $14.59, indicating that the stock is trading at a "discount" [1]