⚡️ The Dam That Prints Bitcoin

Merry Christmas everyone, In A Nutshell this week:

• ⚡️The Dam That Prints Bitcoin

• 🍊 Bitcoin Standard Corporations ETF

• 🎯 Strive for Bitcoin

• 🤑 Tether's Rumble Bet

• …and much more

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 🚀⏰ Today’s news should be a ~3.57-minute read (502 words).

🧠 Quote Of The Week

“The most difficult thing is the decision to act, the rest is merely tenacity.”

– Amelia Earhart

⚡️The Dam That Prints Bitcoin

Ethiopia has leveraged its enormous hydroelectric power for Bitcoin mining, particularly from the Grand Ethiopian Renaissance Dam (GERD).

Now with a massive 18% of Ethiopian Electric Power’s income coming from Bitcoin mining, the nation has turned its idle energy into Bitcoin.

🍊 Bitcoin Standard Corporations ETF

Bitwise, an exchange-traded fund (ETF) issuer, submitted a proposal to introduce a new fund designed to invest in publicly traded companies with substantial Bitcoin holdings.

The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin in their corporate treasuries.

Are we witnessing the creation of the modern S&P 500 for the digital age?

🎯 Strive for Bitcoin

Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers

The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities issued by MicroStrategy” or by other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin.”

🤑 Tether's Rumble Bet

Rumble announced a few weeks ago it was building a Bitcoin reserve and only 4 weeks later stablecoin issuer Tether announced that it is investing $775 million in streaming video platform, a rival to YouTube that bills itself as an anti-censorship platform.

In a Monday tweet, the founder suggested that users might soon be able to tip their favourite creators using Bitcoin and stablecoin USDT. “Imagine you can tip your favourite creators with USDT or BTC directly on Rumble,” he wrote.

🔥 What else have you missed?

1. MicroStrategy Calls for Shareholder Meeting to Accelerate 21/21 Plan.

2. Can Bitcoin miners find a green way to dig for digital gold?

3. Russia is using Bitcoin in foreign trade, finance minister says.

4. MSTR & Saylor: The Ultimate 31X Game Theory Showdown!

5. Man convicted for repeatedly lying about inventing Bitcoin.

🍾 Friday Fun!

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