MicroStrategy’s Bitcoin Stash Hits $20B

CRYPTO
MicroStrategy’s Bitcoin Stash Hits $20B

MicroStrategy's Bitcoin portfolio has surged past $20 billion, with an ROI exceeding 100% as Bitcoin's price rallies above $80,000. The company, known for its aggressive Bitcoin accumulation strategy, holds 252,200 BTC, purchased at an average of $39,292 per coin according to BitcoinTreasuries. With Bitcoin’s current price around $81,617, the value of MicroStrategy’s holdings has reached $20.5 billion, more than doubling its investment.

MicroStrategy, led by Michael Saylor, remains the largest corporate holder of Bitcoin, far surpassing other companies like Marathon Digital and Riot Platforms, whose Bitcoin holdings are valued at $2.1 billion and $840 million, respectively. The firm has also announced a “21/21” plan to raise $42 billion over the next three years to continue accumulating Bitcoin.

The rally has also benefited other major Bitcoin holders. Bhutan’s Bitcoin holdings, valued at over $1 billion, represent 32% of its GDP and support its ongoing mining initiative. Meanwhile, El Salvador has seen significant gains on its Bitcoin holdings, now worth more than $482 million, yielding unrealized profits of around $214 million. El Salvador continues its investment through daily Bitcoin purchases, a passport program, and volcanic mining ventures.
Source

STOCKMARKET
Hedge Funds Lose Big Shorting Tesla

Hedge funds betting against Tesla have lost over $5 billion since Donald Trump’s election victory, as the close relationship between Trump and Elon Musk has boosted Tesla’s value significantly. Hedge funds holding short positions in Tesla from Election Day to Friday's close faced at least $5.2 billion in paper losses, per Bloomberg’s analysis using S3 Partners data. Many hedge funds had already reduced their Tesla shorts over the past four months, particularly after Musk endorsed Trump in July.

Tesla’s stock has jumped nearly 30% since the election, creating over $200 billion in additional market value. This price surge forced hedge funds to reverse their bearish positions, with net short exposure dropping from 17% in July to just 7% by early November, according to Hazeltree data.

Tesla’s performance sharply contrasts with other green stocks, which have fallen amid Trump’s promises to cut clean-energy subsidies. Lekander, a hedge fund manager, warns that even Tesla could feel the impact of Trump’s climate policies soon.
Source

MILLENNIALS
Millennials Redefine Midlife Crisis Goals

Millennials' midlife crises differ significantly from the classic breakdowns seen in previous generations, characterized by extravagant spending on luxury cars or vacations. Faced with economic challenges, today’s millennials feel they can’t afford traditional crisis indulgences. In a recent survey, 81% reported being financially unable to experience a “midlife crisis” as it’s typically defined. Rising student loan debt, high housing costs, and wage stagnation mean many millennials are delaying major life milestones, like buying homes or starting families, limiting their ability to spend on impulsive or costly changes.

Instead, millennials' crises are more about purpose and engagement, as they reflect on whether their achievements truly fulfill them. This generation is more likely to redefine midlife struggles through meaningful pursuits or personal changes, such as switching careers, starting businesses, or investing in mental health. Many, like business owner Katya Varbanova, believe millennials will continue to prioritize freedom and self-employment, reshaping what midlife fulfillment looks like.
Source

TARIFFS
Goldman Warns of Asia Tariff Impact

Donald Trump’s presidential victory has intensified fears of higher tariffs on Asian countries, not just China, according to Goldman Sachs. The bank notes that while tariffs have traditionally targeted China, trade surpluses with other Asian nations like Vietnam, South Korea, and Taiwan have surged, drawing U.S. scrutiny. Andrew Tilton, Goldman’s Chief Asia-Pacific Economist, explains that with the U.S. administration aiming to reduce trade deficits, new tariffs could extend to these countries in a “whack-a-mole” fashion.

Goldman Sachs highlights that Taiwan and South Korea, bolstered by their semiconductor supply chains, and Vietnam, benefiting from trade redirected from China, could face increased pressure. Some nations may seek to lower surpluses by increasing U.S. imports.

Trump’s proposed tariffs, ranging from 10% to 20% on imports generally and up to 100% on Chinese goods, could especially affect more open economies. With the U.S.-China trade deficit reduced, Goldman expects supply chain relocations from China to Southeast Asia, India, and Mexico to continue.
Source

Meme of the day

Word of the day
Armistice

An armistice is an agreement to stop fighting a war, or in other words, a truce.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.