Marathon Digital Holdings (MARA) is trading above the value of its net bitcoin holdings once its convertible debt is included, according to Matthew Sigel, head of digital assets research at VanEck. Sigel’s December 4–5, 2025 note recalculates MARA’s balance-sheet exposure and argues the company’s market valuation reflects capital-structure risk as much as, if not more than, its bitcoin position.
Author: olivia
Bitcoin appears to be decoupling from the recent stock rally, reviving questions about its correlation with equities. By 4 de dic. de 2025, the cryptocurrency showed negative short-term alignment with major tech indexes even as it recorded sharp swings that diverged from the Nasdaq and S&P 500. These developments signal a material shift in the relationship between BTC and U.S. equities.
Nikolaos Panigirtzoglou, lead strategist at JPMorgan, confirmed that the banking giant keeps its bullish projection for the leading digital asset intact. Despite the recent price crash and volatility, the bank’s adjusted model and the Bitcoin production cost still point to a theoretical target of $170,000 in the coming months. The entity’s valuation model, which compares the cryptocurrency to gold, suggests this price target for a period of six to twelve months. Analysts find it encouraging that Strategy’s enterprise value-to-Bitcoin holdings ratio (mNAV) remains above 1.0. Furthermore, the company has a $1.4 billion reserve fund, which acts as a vital financial…
Bitcoin’s price descended toward the critical $91,000 zone recently as Bitcoin ETF outflows reversed institutional demand. A major banking entity noted that this negative trend, recorded between December 4 and 5, has significantly increased risk aversion among global investors.
AlphaTON has announced an ambitious financing strategy of $420.69 million to boost artificial intelligence expansion and the TON network. This strategic move arises following the exit from its previous financial structure, marking a new course for the company.
Deutsche Börse has joined Kraken in an effort to unify digital markets, a move that signals potential consolidation across trading, custody and post-trade infrastructure. This development points to possible structural changes for market participants even as critical specifics remain unavailable.
Bank of New York Mellon (BNY) and Nasdaq have formalized their definitive entry into the institutional crypto ecosystem by leading a 50 million dollar funding round aimed at strengthening digital asset infrastructure. This strategic move, which also features participation from giants like S&P Global and iCapital, directly backs the firm Digital Asset and its Canton network, validating this technology as the emerging standard for the secure interconnection of global financial markets.
Malaysian authorities have mobilized a joint task force employing high-tech drones to dismantle illegal Bitcoin mining operations across the country. Akmal Nasrullah Mohd Nasir, Deputy Minister of Energy Transition, confirmed the deployment of aerial surveillance technology and ground sensors to locate and shut down nearly 14,000 clandestine facilities that were draining critical resources from the national power grid.
During the recent Binance Blockchain Week, Ripple CEO Brad Garlinghouse shook market expectations by issuing a bold Bitcoin price prediction placing the leading digital asset at 180,000 dollars. This bullish forecast, projected specifically for the end of 2026, was shared during a high-profile panel discussion alongside other prominent industry leaders, setting a tone of strong optimism regarding the ecosystem’s long-term financial prospects.
Former Citadel engineers Ian Krotinsky and Aashiq Dheeraj successfully secured 17 million dollars to launch an app focused on streamlining high-value cross-border payments. As Krotinsky stated to Fortune, the platform seeks to overcome current limitations, allowing global transfers to happen instantly without the usual delays of banking networks.