MicroStrategy announced a $1.44 billion reserve to cover dividend and debt obligations without selling its Bitcoin. The move coincided with Vanguard’s decision the same day to permit third‑party cryptocurrency ETFs on its $11 trillion platform, expanding access for tens of millions of clients. Myriad and Trust Wallet partnered to embed prediction markets directly inside a self‑custody wallet, creating a combined shift across corporate treasury, brokerage distribution and decentralized market access.
MicroStrategy said it created a $1.44 billion reserve financed via equity and debt sales to service existing obligations and maintain dividend payments without liquidating its Bitcoin position. The company has raised capital through about $7.27 billion in convertible debt securities and a separate $3 billion debt offering to support its strategy, and its stock has appreciated roughly 2.000% since 2020 despite trading about 60% below its peak, near $177 after the reserve disclosure.
Vanguard’s policy reversal on 1 de dic. de 2025 allows third‑party cryptocurrency ETFs and mutual funds on its brokerage platform, expanding retail access for roughly 50 million clients. The firm’s $11 trillion distribution network now offers exposure to major crypto assets including Bitcoin and Ethereum and, per recent flows, XRP ETFs drew about $756 million in inflows over 11 days.
The shift represents a mainstreaming of crypto via legacy intermediaries and a potential source of sustained ETF inflows; Vanguard’s reported indirect exposure through holdings such as MicroStrategy has also been noted in market coverage.
MicroStrategy establishes $1.44B reserve; Vanguard opens to third‑party crypto ETFs
Myriad announced a native integration with Trust Wallet’s new “Predictions” feature, delivering prediction‑market trading directly inside a self‑custodial wallet. Trust Wallet’s distribution — cited at over 200 million users — and the predominance of markets on BNB Chain make the integration significant for on‑chain liquidity and retail participation.
Prediction markets generated an estimated $27.9 billion in trading volume from January to October 2025; Myriad reported about $100 million in trading volume and 511.000 users in Q3 2024. Reported benefits include lower onboarding friction and expanded information aggregation, while risks flagged in coverage include market manipulation vectors and the potential for advanced AI to exploit smart‑contract vulnerabilities.
Taken together, the three announcements tighten the link between corporate treasury strategy, mainstream ETF distribution and in‑wallet decentralized markets.
