Jack Mallers Moves 43,500 Bitcoin to Custody in Major Proof-of-Reserves Update In a striking demonstration of Bitcoin’s efficiency and transparency, Jack Mallers, CEO of the payments company Strike, has moved 43,500 BTC—worth roughly $3 billion—to custody as part of an updated proof-of-reserves audit. What captured global attention was not only the scale of the transfer but the cost: the entire multibillion-dollar transaction was executed on the Bitcoin network for just $1.64 in fees. The transfer, visible on the blockchain, further reinforces Strike’s commitment to transparency as the company continues positioning itself at the forefront of global Bitcoin adoption.

Bitcoin Surpasses Tech Giants in Global Trading Power, Saylor Highlights Historic Shift In a striking development that underscores the growing dominance of digital assets, Bitcoin’s global trading power has now surpassed that of major technology giants including Google and Microsoft. Michael Saylor, one of Bitcoin’s most vocal advocates, called the milestone a “historic market realignment,” noting that Bitcoin is no longer competing with altcoins but increasingly positioning itself alongside — and above — the world’s most powerful corporations. Analysts say the shift highlights Bitcoin’s evolution from a speculative instrument into a global financial force, drawing interest from sovereign funds, institutions, and major capital allocators.

Lamborghini has unveiled a branded bitcoin wallet, developed in partnership with Ledger. The new offering — a limited-edition Ledger Stax hardware wallet — combines the strong security of Ledger’s Secure Element chip and touchscreen with the luxury styling associated with Lamborghini, including custom packaging and a branded Magnet Folio. This move marks Lamborghini’s deeper foray into crypto, treating Bitcoin and other digital assets not just as financial instruments but as part of a luxury lifestyle aimed at affluent, tech-savvy users.

Tokyo, December 4, 2025 — Japan is set to introduce a flat 20% tax on cryptocurrency gains, replacing the current system where profits can be taxed at over 50%. The move aims to make crypto trading more competitive and bring digital assets in line with stocks and other financial products. The reform also includes reclassifying major cryptocurrencies as financial instruments, which will add stricter disclosure rules and insider-trading regulations for exchanges. If approved this month, the new tax and regulatory framework will take effect in 2026, marking Japan’s biggest shift toward a more investor-friendly crypto environment.

MicroStrategy Sets Aside $1.44 Billion to Boost Bitcoin Holdings MicroStrategy has announced a $1.44 billion reserve dedicated to purchasing additional Bitcoin, marking one of its biggest commitments in recent years. The company said the new allocation will be deployed in phases, depending on market conditions, as part of its continued strategy to treat Bitcoin as its primary treasury asset. With this move, MicroStrategy aims to strengthen its already-dominant position as the largest publicly listed holder of Bitcoin. The firm stated that the expanded reserve reflects its long-term conviction in Bitcoin’s growth potential and its role as a hedge against inflation and currency dilution.

In a fresh round of public disagreement, economist and gold advocate Peter Schiff has dismissed Elon Musk’s recent statement that Bitcoin derives its value from energy. Schiff argued that Bitcoin “produces nothing” and that linking its worth to electricity consumption is misleading. Musk had suggested that Bitcoin’s mining process ties the asset to real-world energy expenditure, making it fundamentally backed by power. Schiff countered that using energy does not give Bitcoin intrinsic value, comparing the argument to “burning fuel to create digital scarcity with no real utility.” The exchange has reignited the long-running debate between cryptocurrency supporters and critics, with both sides sharply divided over Bitcoin’s role in the future financial system.

Breaking : Almasane Alkobra Mining Company (AMAK) has announced a major new mineral discovery in the southern Najran region, revealing an estimated 11 million tonnes of ore containing copper, gold, zinc and silver. From a strategic perspective, the discovery aligns closely with Vision 2030 — Saudi Arabia’s roadmap to diversify away from oil dependence. The find underscores the Kingdom’s growing ambition to become a global mineral hub, unlocking part of its vast untapped mineral wealth. This discovery could reshape both region-level economies and global supply chains for copper and precious metals — placing Najran among the world’s most prospective mining regions.

Block Inc., led by Jack Dorsey, has expanded its Bitcoin treasury following a fresh acquisition in the second quarter of 2025. According to the company’s latest 10-Q filing, Block purchased 108 Bitcoin, bringing its total holdings to 8,692 BTC, now valued at over $1 billion based on current market prices. The filing confirms that Dorsey’s cryptic post “108” referred to this latest purchase, which continues the company’s steady accumulation strategy. Block has maintained a long-term Bitcoin-first approach, integrating BTC into both its treasury operations and product ecosystem. The Q2 disclosure reinforces Block’s position as one of the largest corporate holders of Bitcoin, underscoring its belief in Bitcoin’s role in the future of digital payments and financial systems.

Breaking: President Donald J. Trump has signed an executive order creating the Genesis Mission, a national AI initiative widely compared to a “Manhattan Project for AI.” The program directs the Department of Energy to unite federal supercomputers, national labs, scientific datasets, universities, and tech companies to accelerate breakthroughs across energy, biotechnology, materials science, and quantum research. The order describes the mission as a historic effort “comparable in urgency and ambition to the Manhattan Project.” The Genesis platform will develop large-scale scientific AI models, automate experiments, and speed up discovery. Funding details remain unclear, but the initiative signals one of the largest U.S. science mobilizations in decades.

In a significant policy shift, U.S. leaders are signaling interest in reducing reliance on federal income taxes and expanding tariff-based revenue. The proposal suggests that import duties could become a major source of government funding, aiming to protect domestic industries while simplifying the tax burden on citizens. Analysts note that the transition would mark one of the biggest structural changes in America’s fiscal system in decades, with potential impacts on consumer prices, trade relations, and global markets. The plan is still under review, and officials say detailed frameworks will be released in the coming months.