SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.

Tesla Inc

Tesla is trending as it approaches all-time highs, fueled by optimism around its robotaxi strategy and recent reports of battery expansion plans. Community members are actively discussing the potential for the stock to reach $500 soon, while some debate its valuation and compare it to competitors like Waymo. Bullish sentiment is high, with many anticipating further gains despite concerns about sales and profitability.

Tilray Brands, Inc. engages as a consumer packaged goods company, which focuses on medical cannabis research and the cultivation, processing, and distribution of cannabis products worldwide. It operates through the followings segments: Cannabis, Distribution, Beverage, and Wellness. The Cannabis segment focuses on cultivation, production, distribution, and sale of both medical and adult-use cannabis products. The Distribution segment is involved in purchase, resale, and distribution of pharmaceutical and wellness products. The Beverage segment refers to the production, marketing, and sale of beverages. The Wellness segment represents the production, marketing, and distribution of hemp-based food and other wellness products. The company was founded on January 24, 2018 and is headquartered in Leamington, Canada.

Tilray Brands Inc

Tilray is trending as speculation mounts around potential cannabis rescheduling, possibly driven by an upcoming address from President Trump. The community is buzzing with anticipation, with some envisioning a significant price surge, reminiscent of past rallies, while others remain cautious about potential volatility and market manipulation in the sector. Many are pointing to credible news outlets reporting on the possibility of an executive order regarding reclassification.

Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.

Hycroft Mining Holding Corporation - Ordinary Shares - Class A

HYMC is trending as precious metals prices rise, with silver nearing all-time highs, sparking excitement about the potential value of its silver deposits. The community is closely watching major shareholders like Eric Sprott, noting his continued investment and potential influence on the company's direction. Discussions also highlight the company's debt-free status and anticipation for upcoming technical reports.

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.

First Majestic Silver Corporation

First Majestic Silver is trending as silver prices surge, prompting community discussion about potential gains and the stock's undervaluation relative to the metal's price. Traders are closely monitoring technical indicators and anticipating a breakout, with some highlighting the potential for significant returns as silver gains momentum. Speculation around market manipulation and the impact of broader economic factors are also driving conversations around AG.

First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF

SKYY is trending as investors monitor the performance of cloud computing stocks amidst various earnings reports and industry developments. Community discussions revolve around potential breakout opportunities and the ETF's relative strength compared to the broader market. Some analysts suggest a constructive outlook for the cloud computing sector.

Robinhood Markets, Inc is a financial services platform, which engages in the provision of retail brokerage and offers trading in U.S. listed stocks and Exchange Traded Funds, related options, and cryptocurrency trading, as well as cash management, which includes debit cards services. The company was founded by Vladimir Tenev and Baiju Prafulkumar Bhatt in 2013 and is headquartered in Menlo Park, CA.

Robinhood Markets Inc - Ordinary Shares - Class A

Robinhood Markets Inc

Robinhood's $HOOD is experiencing active discussion around its upcoming AI and prediction markets showcase, generating both excitement and concern. Some investors are bullish on the potential of these new features, especially the AI-driven "Cortex," while others are wary of increased regulatory scrutiny related to prediction markets and the stock's correlation to Bitcoin. Technical analysis and broader market conditions, including potential interest rate adjustments and Nasdaq's extended trading hours proposal, are also influencing the conversation.

Centene Corp. is a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment includes the Temporary Assistance for Needy Families program, Medicaid Expansion programs, the Aged, Blind or Disabled program, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans, which cover beneficiaries who are dually eligible for Medicaid and Medicare, and other state-based programs. The Medicare segment consists of Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans, and Medicare Prescription Drug Plans. The Commercial segment is involved in the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products. The Other segment refers to pharmacy operations, Envolve Benefit Options’ vision and dental services, clinical healthcare, behavioral health, the TRICARE program, and corporate management companies. The company was founded in 1984 and is headquartered in St. Louis, MO.

Centene Corp.

Centene ($CNC) is trending as discussions revolve around the potential impact of ACA subsidy extensions and the company's recent earnings beat, with community members weighing the likelihood of government action and its effect on the healthcare sector; also being discussed is a proposed change where money for healthcare subsidies would go directly to the people instead of insurance companies. Bullish sentiment is building as some anticipate a positive shift, while others remain cautious due to political uncertainties and potential policy changes.

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

IREN Ltd.

IREN Limited

IREN is trending downwards, with community members discussing whether the stock is oversold or if deeper declines are ahead. The conversation includes debate around the AI and data center sector's valuation, particularly regarding IREN's partnership with Microsoft. Community sentiment is mixed, with some investors expressing frustration and others viewing the dip as a buying opportunity for the long term.

BGM Group Ltd. is a holding company, which engages in the technology fields of AI application, intelligent robots, algorithmic computing power, cloud computing, and biopharmaceuticals. It operates through the following segments: Oxytetracycline and Licorice Products, and Traditional Chinese Medicine Derivatives (TCMD); Heparin Products and Sausage Casing; and Fertilizer. The Oxytetracycline and Licorice Products, and TCMD segment focuses on the development, manufacture, marketing, and sale of oxytetracycline products, licorice products, and TCMD. The Heparin Products and Sausage Casing segment treats cardiovascular diseases, cerebrovascular diseases, and hemodialysis. The Fertilizer segment includes Xiongguan, Organic Fertilizer and Xiongguan, and Organic-Inorganic Compound Fertilizer. The company was founded on February 7, 2019 and is headquartered in Chengdu, China.

BGM Group Ltd. - Ordinary Shares - Class A

BGM Group Ltd

BGM is trending as community members actively discuss its AI-driven potential and recent chart activity, including a significant breakout. Community interest appears to be driven by the company's shift towards AI and robotics, as well as its potential for growth within the Chinese market. Some traders are noting technical indicators that may point to continued upward momentum.

The Children's Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S. and The Children’s Place International segments. The Children’s Place U.S. segment refers to the company’s U.S. and Puerto Rico-based stores and revenue from its U.S. based wholesale business. The Children’s Place International segment is involved in the Canadian-based stores, revenue from the company’s Canadian-based wholesale business, as well as revenue from international franchisees. The company was founded by David Pulver and Clinton A. Clark in 1969 and is headquartered in Secaucus, NJ.

Childrens Place Inc

Childrens Place ($PLCE) is trending due to its recent Q3 earnings report, which revealed a significant after-hours drop, with community members actively discussing the disappointing results. Despite some positive developments like refinancing and increased transformation savings, concerns linger around decreased net sales and tariffs. Community members are also discussing possible future outcomes for the stock, ranging from a dead cat bounce to bankruptcy.

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Robinhood (HOOD) CEO Vlad Tenev said on Tuesday the company is at the early stages of a “prediction market supercycle,” pointing to growing demand for event-based trading tied to real-world outcomes.Speaking at the Robinhood’s keynote event, where the company rolled out a slew of new features such as a new batch of sports-focused event contracts on Tuesday, Tenev said prediction markets remain underpenetrated relative to their potential.&nbsp;<blockquote>“I believe we’re at the very beginning of a prediction market supercycle and as it progresses, we should expect to see adoption and volumes continuing to grow, potentially into the trillions of contracts traded each year.”&nbsp;– Vlad Tenev, CEO, Robinhood</blockquote><a href="https://stocktwits.com/symbol/HOOD">HOOD’s stock</a> was among the top trending tickers on Stocktwits, edging 0.4% higher in after-hours trade after a gain of 3.59% on Tuesday. Retail sentiment on the platform around the company trended in ‘bullish’ territory over the past day, with chatter at ‘high’ levels.<h2 class="st-heading-2">Robinhood’s Event Contracts For Player-Level Sports Data</h2>Robinhood’s latest expansion will allow customers to trade contracts tied to the individual performance of professional football players. Initial offerings focus on four statistical categories – touchdowns, passing yards, receiving yards, and rushing yards.The contracts are available through Robinhood’s event contracts hub, which routes trades via CFTC-regulated derivatives exchanges. The company markets the products as financial instruments rather than betting, a distinction that aligns with existing regulatory frameworks.Robinhood also previewed “Robinhood Cortex,” an AI-powered assistant designed to help users research markets and execute trades across stocks, crypto, and prediction markets. The feature is slated to launch soon for Robinhood Gold subscribers.<h2 class="st-heading-2">Prediction Markets Gain Momentum&nbsp;</h2>Robinhood’s expansion comes amid a broader push into prediction markets across both traditional finance and crypto. Gemini&nbsp;<a href="https://stocktwits.com/symbol/GEMI">launched</a> its ‘Gemini Predictions’ platform nationwide this week, while Coinbase is expected to unveil prediction markets and tokenized equities next week.Robinhood’s latest offering will allow customers to wager on the individual performance of professional football players, expanding beyond macroeconomic data, elections, and broader sports outcomes.The contracts are offered through Robinhood’s event contracts hub, which routes trades through CFTC-regulated derivatives exchanges and markets the products as financial instruments rather than betting.Robinhood’s expansion comes amid a broader push into prediction markets across both traditional finance and crypto. Gemini launched its ‘Gemini Predictions’ platform nationwide this week, while Coinbase is expected to unveil prediction markets and tokenized equities in the coming days, according to a Bloomberg report.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/pancake-swap-joins-growing-prediction-market-push-across-crypto/cLeJ3HvREYB">PancakeSwap Joins Growing Prediction Market Push Across Crypto With Probable Launch</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Vlad Tenev, CEO of the online brokerage Robinhood, walks along Wall Street on July 29, 2021 in New York City. (Photo by Spencer Platt/Getty Images)

Robinhood CEO Vlad Tenev Bets On ‘Prediction Market Supercycle’ With New Sports-Focused Event Contracts

Robinhood’s latest offering will allow customers to wager on the individual performance of professional football players.

Equity

<ul class="summary-bullets"><li>The phrase refers to orange markers on Strategy’s treasury charts that denote discrete Bitcoin purchase events.</li><li>The post appeared after Bitcoin dipped below $90,000 during Sunday trading.</li><li>The move comes as Strategy retained its Nasdaq 100 position on Friday amid growing debate over crypto-heavy balance sheets.</li></ul>Strategy (MSTR) executive chairman Michael Saylor on Sunday revived his closely watched ‘orange dot’ signal ahead of the company’s weekly Bitcoin (BTC) purchase update, typically released on Mondays.In a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/saylor/status/2000197722716962874">post</a> on X, Saylor wrote, “Back to More Orange Dots.” The phrase has become shorthand for Strategy’s Bitcoin buys, referencing the orange markers on the firm’s publicly shared treasury charts that denote each accumulation event.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/saylor/status/2000197722716962874" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:823/550;" src="https://news.stocktwits-cdn.com/Screenshot_2025_12_15_011653_png_8ab3466acf.webp" alt="Screenshot 2025-12-15 011653.png" width="823" height="550"></a><figcaption>Source: @saylor/X</figcaption></figure><a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> edged 0.1% higher in after hours trade on Sunday. On Stocktwits, retail sentiment around the firm remained in ‘bearish’ territory amid ‘low’ levels of chatter over the past day.<h2 class="st-heading-2">Bitcoin Dips Back Below $90,000</h2>Saylor’s post came as&nbsp;<a href="http://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> traded below $90,000 in after hours trading on Sunday. The apex cryptocurrency hit a two-week low, as it dipped as low as $87,600, in intra-day trade. Strategy’s Bitcoin&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/michael-saylor-largest-weekly-bitcoin-purchase-since-july/cLIYr0rREm9">purchase</a> last week was its largest since late July of around 10,624 BTC. The firm currently holds 660,624 BTC worth around $58.5 billion at current prices with an average cost per coin of $74,696.<h2 class="st-heading-2">The ‘Orange Dots’ Market Signal</h2>This is not the first time that Saylor has leaned into the symbolism of the orange markers tied to Strategy’s accumulation strategy. In October, he wrote, “The Orange Dots go up and to the right,” in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/saylor/status/1969738824965079419?lang=en">post</a> attached to the firm’s Bitcoin treasury chart. Days later, he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/saylor/status/1979882314751689050?lang=en">followed up</a> with, “The most important orange dot is always the next.”Past posts have coincided with sharp market reactions. In early December, a “Back to Orange Dots?” message preceded a rapid Bitcoin rally from below $88,000 to above $91,000 within hours, according to a BeInCrypto&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://beincrypto.com/saylor-orange-dot-bitcoin-price-surge/">report</a>.&nbsp;Saylor has also used the absence of new dots to signal pauses in buying, writing “No new orange dots this week…” during an October update when the company paused new Bitcoin purchases.<h2 class="st-heading-2">Index Spotlight Returns to Strategy</h2>The renewed focus on Strategy’s Bitcoin strategy arrives alongside broader scrutiny of its place in major equity benchmarks. The company&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/mstr-nasdaq-100-status-intact-amid-index-scrutiny-of-bitcoin-exposure/cLeErbwRE8j">retained</a> its position in the Nasdaq 100 following the index’s annual reconstitution, even as index providers face growing&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/mstr-calls-msci-50-threshold-for-dats-discriminatory-arbitrary-unworkable/cLIHEl0REVW">pressure</a> to reassess how companies with crypto-heavy balance sheets should be classified.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/ethereum-vitalik-buterin-sells-uniswap-knc-dogey-inu-in-latest-move/cLeEo32RE81">Ethereum Co-Founder Vitalik Buterin Sells Uniswap, KNC, Dogey-Inu In Latest Wallet Move</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Strategy executive chairman and co-founder Michael Saylor speaks at the Bitcoin 2021 Convention at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

Michael Saylor Revives ‘Orange Dot Day’ Signal After Bitcoin Slips Below $90,000, Hinting At MSTR Accumulation

Strategy recently completed its largest Bitcoin buy since late July and remains the largest corporate holder of the apex cryptocurrency.

Cryptocurrency

<ul class="summary-bullets"><li>Nasdaq removed six companies from the benchmark, including Biogen, Trade Desk, and On Semiconductor, while adding six new constituents.</li><li>The news comes as Strategy’s index status has intensified following MSCI’s review of how digital asset treasury companies are classified.&nbsp;</li><li>The company has never been included in the S&amp;P 500 despite ranking among the 250 most valuable U.S. public companies.</li></ul>Strategy (MSTR) remained in the Nasdaq 100 following the index’s annual reconstitution, even as index providers face growing pressure to reassess how companies with crypto-heavy balance sheets are treated.Scrutiny has&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/jp-morgan-warns-of-over-8-b-strategy-selloff-risk-as-stock-bleeds-for-7-straight-weeks/cLPMOW3REau">intensified</a> after MSCI launched a review of digital asset treasury companies (DATs) and their eligibility for inclusion in its benchmarks.<a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> edged 0.1% higher in after hours trade on Sunday after a 3.74% drop in the previous session. Meanwhile, the Nasdaq-100 tracking ETF,&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust Series 1 (QQQ)</a>, fell 0.13%. On Stocktwits, retail sentiment around MSTR and QQQ trended in ‘bearish’ territory over the past day.Bitcoin (BTC) meanwhile dipped below the $90,000 mark on Sunday night.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">BTC’s price</a> edged 0.6% lower in the last 24 hours, with retail sentiment on Stocktwits remaining in the ‘bearish’ zone.&nbsp;<h2 class="st-heading-2">Nasdaq 100 Index Changes</h2>Nasdaq said it removed Biogen (BIIB), CDW Corporation (CDW), GlobalFoundries (GFS), Lululemon Athletica (LULU), On Semiconductor (ON), and Trade Desk (TTD) from the tech-heavy benchmark.&nbsp;New additions included Alnylam Pharmaceuticals (ALNY), Ferrovial (FERF), Insmed (INSM), Monolithic Power Systems (MPWR), Seagate Technology (STX), and Western Digital (WDC). Strategy, which entered the Nasdaq 100 last December under the index’s technology classification, was not affected by the changes.<h2 class="st-heading-2">MSCI Weighs New Rules For Digital Asset Treasuries</h2>The index provider is considering a proposal that would reclassify firms holding more than 50% of their reserves in cryptocurrencies, a move that could result in their removal from MSCI benchmarks. MSCI is expected to decide on the proposal in January.In a letter to MSCI last week, Strategy&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/mstr-calls-msci-50-threshold-for-dats-discriminatory-arbitrary-unworkable/cLIHEl0REVW">stated</a> that its Bitcoin holdings are central to its operating model rather than a passive investment strategy. The company said a fixed 50% threshold is difficult to apply in practice because digital asset values fluctuate with market conditions.Crypto ETF issuer Bitwise also publicly&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/BitwiseInvest/status/1999232679581986944">backed</a> Strategy and DATs, criticizing MSCI’s proposal for introducing subjectivity into what has traditionally been a rules-based process.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/BitwiseInvest/status/1999232679581986944" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:814/1195;" src="https://news.stocktwits-cdn.com/Screenshot_2025_12_15_002217_png_9e14956559.webp" alt="Screenshot 2025-12-15 002217.png" width="814" height="1195"></a><figcaption>Source: @BitwiseInvest/X</figcaption></figure><h2 class="st-heading-2">S&amp;P 500 Milestone Remains</h2>Strategy pivoted in 2020 from enterprise software to a business model centered on accumulating Bitcoin. The company has since become the most prominent example of a digital asset treasury (DAT) that others like Bitmine Immersion Technologies (BMNR)&nbsp;have followed.Despite ranking among the 250 most valuable publicly traded companies in the U.S., Strategy has never been included in the S&amp;P 500. The S&amp;P Index Committee has historically avoided companies whose financial profiles are driven primarily by exposure to underlying assets rather than operating cash flows.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/ethereum-vitalik-buterin-sells-uniswap-knc-dogey-inu-in-latest-move/cLeEo32RE81">Ethereum Co-Founder Vitalik Buterin Sells Uniswap, KNC, Dogey-Inu In Latest Wallet Move</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, the logo of Strategy Inc is displayed on a smartphone screen

Strategy’s Nasdaq 100 Status Intact Amid Growing Index Scrutiny Of Bitcoin Exposure 

Nasdaq’s latest reconstitution left Strategy untouched despite multiple high-profile removals.

5 Momentum ETFs With More Room to Run in 2026

AI strength, solid earnings, and upbeat 2026 forecasts fuel momentum plays. These five ETFs -- GDXJ, SLV, KBE, MDYV & IWM -- may still have room to run.

<ul class="summary-bullets"><li>Tom Lee said investors often make the mistake of buying “cheap” DATs, even though weaker names rarely outperform in any sector.</li><li>He noted that Strategy took the right approach by building a $1.4 billion cash reserve to weather Bitcoin drawdowns.</li><li>Lee also forecast that Bitcoin’s halving-driven four-year cycle may be breaking, depending on whether BTC sets a new high in January.</li></ul>Fundstrat’s Tom Lee reportedly said that the market for digital asset treasuries has become overcrowded, with trading activity concentrated almost entirely in two names: Strategy (MSTR) and Bitmine (BMNR).&nbsp;In an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/farokh/status/1998754578234224869">interview</a> this week on Rug Radio, Lee said the proliferation of about 80 DATs reflects unrealistic expectations from both founders and equity investors. “For the crypto builders, they thought building a DAT was simply, let’s put together a team, put some famous names on it and we’re going 100x,” Lee said. “For the equity investor, they’re learning a lesson… you can’t necessarily outperform the crypto.”<a href="https://stocktwits.com/symbol/BMNR/">BMNR’s stock</a> edged 0.41% higher in midday trade on Wednesday, with retail sentiment on Stocktwits trending in ‘bullish’ territory over the past day. Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> dipped 1.2%, with retail sentiment in the ‘bearish’ zone in the last 24 hours.<h2 class="st-heading-2">Most DATs Trading Under NAV Value</h2>Lee said roughly 90% of all DATs now trade below NAV, and most see little meaningful activity. “Between Bitmine and Strategy, that’s 92% of all trading volume,” he said. Lee added that Strategy is currently “the 17th most traded stock in the U.S.,” while Bitmine ranks around 39th. Everything else, he said, represents only a sliver of daily turnover.Lee said investors make a mistake in treating DATs trading below NAV as bargains. In equities, he noted, sectors like biotech have long featured “net nets” and yet those names rarely outperform. “You never buy the cheapest stock in the sector. You buy the strongest,” he said. “Imagine saying, ‘I don’t want to buy Nvidia — I’ll just buy the 100th-best.’”<h2 class="st-heading-2">MSTR Did ‘The Smart Thing’</h2>Lee said Strategy’s recent stock price volatility is largely a function of its tight correlation to Bitcoin, not its underlying business. “There’s nothing he can do, because he’s always going to be high beta to Bitcoin,” Lee said of CEO Michael Saylor. But he argued the firm is prepared for downturns.“They have now announced a cash reserve of $1.4 billion — smart,” Lee said, adding that Fundstrat has pursued a similar approach. “We’ve been running cash the entire time… we don’t want anyone to ever think we’re not going to be around.”Lee said Bitmine remains structurally stronger than peers because of its ETH treasury. The firm holds roughly 3.7 million ETH, far more than all other DATs combined. “The rest… don’t even own a million,” he said. That position, and its staking yield, create what Lee views as a significant strategic moat. “I don’t think Bitmine would ever sell its E,” he said. “There’s no reason to be selling.”<h2 class="st-heading-2">Bitcoin No Longer Following Four-Year Cycle</h2>Lee also questioned whether Bitcoin continues to adhere to the four-year halving cycle long cited by market veterans. With long-term holders selling heavily this year, he said, historical patterns may no longer apply.“If Bitcoin makes a new high in January, there’s no four-year cycle,” he said. The cycle “was true in the past — until this cycle.” He noted that other markets once governed by reliable timing patterns, such as ISM manufacturing data, copper, and gold, have also broken away from old rhythms.“We’ll know by January 31,” he said. “If Bitcoin closes above 126,000 – there’s no four-year cycle.”Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-h200-export-prompts-emergency-meeting-with-alibaba-bytedance-tencent/cLIHRApRENU">Nvidia H200 Export Approval To China Prompts Beijing’s Emergency Meetings With Alibaba, ByteDance, Tencent: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

FundStrat Global Advisors Managing Partner Tom Lee speaks onstage at Yahoo Finance All Markets Summit on October 25, 2017 in New York City. (Photo by Cindy Ord/Getty Images for Yahoo)

Fundstrat’s Tom Lee Warns ‘Too Many DATs’ Are Chasing Too Little Trading Volume 

In an interview with Rug Radio, Lee said roughly 80 DATs now exist, but about 90% trade below NAV, reflecting an overcrowded market.

<ul class="summary-bullets"><li>Strategy told MSCI its digital asset holdings are part of an operating model, not a passive investment strategy.</li><li>The company said a 50% digital-asset threshold would be difficult to apply because asset values move with the market.</li><li>Excluding digital-asset-focused firms, Strategy argued, risks undermining U.S. leadership in emerging financial technologies.</li></ul>Michael Saylor-backed Strategy (MSTR) on Wednesday urged MSCI in a letter not to exclude companies from its Global Investable Market Index simply because over 50% of their assets are digital.In a letter to the index provider, Strategy argued the threshold “mischaracterizes” its business model and risks penalizing firms developing new financial infrastructure around Bitcoin (BTC).<a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> was down more than 2% in morning trade. On Stocktwits, retail sentiment around the company trended in ‘bearish’ territory, down from ‘extremely bullish’ a week ago. Chatter also fell to ‘low’ from ‘high’ levels during that time. Meanwhile,&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> gained 1.9% in the last 24 hours, trading at around $91,800. Retail sentiment around the apex cryptocurrency fell to ‘bearish’ from ‘neutral’ over the past week, as chatter dipped to ‘low’ from ‘normal’ levels.<h2 class="st-heading-2">Strategy Pushes Back On MSCI’s 50% Digital Asset Limit</h2>The company said it should not be grouped with investment funds because its digital asset treasury (DAT) strategy is tied to operating activities. Strategy uses its Bitcoin holdings to support revenue-generating products, such as Bitcoin-backed credit services, rather than passively holding tokens. Classifying companies solely by the composition of their balance sheets, it said, ignores business function and introduces distortions across sectors.Strategy said the proposed threshold is “arbitrary, discriminatory, and unworkable", as asset values fluctuate and accounting standards differ. It added that other industries with concentrated asset bases, such as oil, timber, or real estate, are not subject to similar limits.<h2 class="st-heading-2">Implementation Challenges And Policy Risks</h2>The company warned that applying a fixed digital-asset threshold would require MSCI to monitor volatile market prices and continuously reclassify companies, creating uncertainty for issuers and index-tracking investors. It argued that such a rule would pull MSCI into policy-making territory rather than maintaining the index provider’s stated goal of neutrality.Strategy also said excluding digital-asset-heavy firms could limit innovation and weaken the U.S. position in early-stage financial technologies, particularly as Bitcoin-linked products and balance-sheet strategies spread globally.The firm recommended that MSCI pause the proposal and adopt a more consultative process, similar to the discussions that led to the “Communication Services” sector realignment several years ago. Allowing the digital asset treasury category to mature would help avoid prematurely codifying limits that could later prove outdated, the company said.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-h200-export-prompts-emergency-meeting-with-alibaba-bytedance-tencent/cLIHRApRENU">Nvidia H200 Export Approval To China Prompts Beijing’s Emergency Meetings With Alibaba, ByteDance, Tencent: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Saylor speaks on stage during Bitcoin Conference 2023 at Miami Beach Convention Center on May 19, 2023 in Miami Beach, Florida. (Photo by Jason Koerner/Getty Images for Bitcoin Magazine)

MSTR Calls MSCI’s 50% Threshold For DATs ‘Discriminatory, Arbitrary, Unworkable’ — Urges Inclusion Of Bitcoin-Focused Firms

In a letter to MSCI, the company argued that such a rule mischaracterizes its business. 

<ul class="summary-bullets"><li>Tristan Gruska, Palantir’s head of energy and infrastructure, called the energy buildout “the industrial challenge of our generation.”</li><li>U.S. data-center power demand could reach 106 GW by 2035, BloombergNEF reported earlier this year, a 36% increase over previous forecasts.</li><li>The move marks an expansion of Palantir’s partnerships with both Nvidia and CenterPoint Energy.&nbsp;</li></ul>Palantir (PLTR) announced on Thursday a new product called Chain Reaction, a software platform meant to help build and manage U.S. artificial intelligence infrastructure.The company is betting it can solve one of the biggest choke points in the AI boom, the energy grid. It’s bringing in two founding partners, CenterPoint Energy (CNP), one of the country’s largest utilities, and Nvidia (NVDA).<a href="https://stocktwits.com/symbol/PLTR/sentiment">Palantir’s stock</a> edged 0.04% higher in pre-market trade, with retail sentiment on Stocktwits improving to ‘bearish’ from ‘extremely bearish’ over the past day. Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/NVDA">Nvidia’s stock</a> rose 0.5%, with retail sentiment trending in ‘bearish’ territory over the past day.&nbsp;<a href="https://stocktwits.com/symbol/CNP/sentiment">CNP’s stock</a> also had retail sentiment trending in ‘bearish’ territory, but with ‘high’ levels of chatter, as it moved 0.08% higher in pre-market trade.<h2 class="st-heading-2">AI Build-Out Choke Points</h2>Palantir said the biggest constraint on AI innovation is no longer model development but access to power and high-performance computing hardware, both of which are increasingly strained by rising data-center demand.Chain Reaction is meant to coordinate all the players involved — energy utilities, power grid operators, data-center builders, and infrastructure companies — so they can expand faster.The energy infrastructure buildout is the industrial challenge of our generation,” said Tristan Gruska, Palantir’s head of energy and infrastructure. “But the software that the sector relies on was not built for this moment.”U.S. data center power demand could reach 106 GW in 2035, BloombergNEF&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://about.bnef.com/insights/clean-energy/ai-and-the-power-grid-where-the-rubber-meets-the-road/">said</a> Monday. The latest forecast is 36% higher than its previous April prediction. According to a McKinsey&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/the-cost-of-compute-a-7-trillion-dollar-race-to-scale-data-centers">report</a>,&nbsp; by 2030, data centers are projected to require $6.7 trillion worldwide to keep pace with the demand for compute power.&nbsp;<h2 class="st-heading-2">Expanding Partnerships With CenterPoint, Nvidia</h2>CenterPoint, headquartered in Houston, serves roughly 7 million electric and gas customers across Texas, Indiana, Minnesota, and Ohio. The utility’s initial partnership with Palantir followed Hurricane Beryl in 2024, when it&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.centerpointenergy.com/en-us/corporate/about-us/system-wide-resiliency-plan">committed</a> to building the most resilient coastal grid in the country and selected Palantir as its software backbone.&nbsp;Nvidia is also extending its collaboration with Palantir, after teaming up with the company in October to integrate Palantir’s AIP and Ontology systems with Nvidia’s Nemotron models, CUDA-X libraries, and accelerated computing hardware.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nasdaq-sp500-futures-muted-crm-snow-nflx-stocks-to-watch/cLILq03RESI">Nasdaq, S&amp;P 500 Futures Pause Ahead Of Key Jobs Data: Why CRM, SNOW, NFLX, MSFT, AI Are On Traders' Radar</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The logo of the data analysis company Palantir can be seen at the company's headquarters. 

Palantir Launches ‘Chain Reaction’ In Partnership With Nvidia, CenterPoint Energy To Tackle AI’s Biggest Bottleneck – The Energy Grid

Palantir said the biggest constraint on AI innovation is access to power and high-performance computing hardware, which it is looking to address with its new product.

<ul class="summary-bullets"><li>Strategy Inc. has set up a $1.44 billion USD reserve to cover about 21 months of dividends and interest without selling Bitcoin.</li><li>The buffer is funded by selling roughly 8.2 million new MSTR shares into a falling market, diluting existing holders.</li><li>The move buys time in a crypto downturn but leaves Strategy exposed if Bitcoin weakness and big debt maturities collide later this decade.</li></ul>Strategy Inc., which holds more Bitcoin than any other public company, has created a $1.44 billion 'USD Reserve' to keep paying dividends and interest during the ongoing crypto slump, without selling a single BTC.According to the company’s&nbsp;December 1<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.strategy.com/press/strategy-announces-establishment-of-1-44-billion-usd-reserve-and-updates-fy-2025-guidance_12-1-2025"> update</a>, the reserve is funded entirely in cash raised from selling Class A common stock via an at-the-market program, not from selling any Bitcoin.&nbsp;Michael Saylor-backed&nbsp;Strategy has about 3.1% of all the BTC in circulation, or about 650,000 Bitcoin, as of&nbsp;December 2.&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.strategy.com/press/strategy-announces-establishment-of-1-44-billion-usd-reserve-and-updates-fy-2025-guidance_12-1-2025">According</a> to the software firm, the reserve already covers 21 months of planned payouts and aims to increase that to 24 months or more over time.&nbsp;<a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> rose 6% in morning trade on Tuesday and was among the top trending tickers on Stocktwits. Retail sentiment on the platform improved to ‘extremely bullish’ from ‘bullish’ over the past day, accompanied by ‘high’ levels of chatter.Meanwhile,&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> rose 6% in the last 24 hours, climbing back above $90,000 in morning trade. On Stocktwits, retail sentiment around the apex cryptocurrency trended in ‘bearish’ territory over the past day amid ‘low’ levels of chatter.<h2 class="st-heading-2">Why A Bitcoin Maxi Suddenly Needs Cash</h2>The Financial Times&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/b7fdf1c7-c819-4687-8827-a5e3efd39a13">portrays</a> the reserve as a response to Bitcoin's steep decline. BTC has gone from more than $126,000 to nearly $85,000 in just over a month, and Strategy’s stock has dropped roughly 40% this year. The drop is significant because,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.barrons.com/articles/strategy-mstr-preferred-stock-dividend-ae1767fc">according</a> to Barron's, Strategy has stacked around $8 billion of preferred shares on top of its Bitcoin stack, with yearly dividend commitments exceeding $700 million.Investor’s Business Daily&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.investors.com/news/mstr-stock-strategy-bitcoin-winter-reserve-fund/">estimates</a> that interest plus preferred dividends now total roughly $800 million a year, and&nbsp;said the share sale raised about $1.4 billion, which is enough to cover around 21 months of those cash outflows.&nbsp;In a conversation with Cointelegraph, Daniel Batten, a technology investment coach with a specialization&nbsp;in Bitcoin,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/gazza_jenks/status/1995783660256063609?s=20">said</a> he was “not concerned at all”, given Strategy’s “mNAV disappear[ed] well below one to see the cost basis”.&nbsp;Strategy’s&nbsp;mNAV, or market-based Net Asset Value, is an indicator that helps investors determine a fund's underlying value by assessing its market-reflectivity.<h2 class="st-heading-2">Gauge The Risk For MSTR And Bitcoin-Exposed Investors</h2>Previously, on November 28, Strategy-CEO Phong Le&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/mstr-announces-1-44-billion-usd-reserve-as-btc-holdings-hit-650-000/cLI7XmfREim">explained</a> that the only situation where Strategy would have to sell its Bitcoin holding would be if MSTR trades below 1x mNAV or if it cannot obtain equity or debt, signaling that external financing is not an option anymore. Phong Le said, “Strategy would only sell Bitcoin as a last resort if mNAV fell below 1 and capital markets shut.”&nbsp;Currently, the company's mNAV is 1.17, over the threshold for such conditions. Based on this structure, the USD reserve is likely to ensure that short-term commitments can be satisfied without selling any Bitcoin, particularly during a crypto winter.At press time, MSTR is trading at $171.42, up just 1.69% in pre-market hours.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-price-steadies-at-86000-after-1b-liquidations-grayscale-sees-new-highs/cLIaL8eRE0j">Bitcoin’s Price Steadies At $86,000 After $1B Liquidations – Grayscale Sees New Highs In 2026</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A person holds a smartphone displaying the stylized Strategy Inc. branding, with a large Bitcoin symbol visible in the background. Strategy stock and Bitcoin rallied last week. (Photo illustration by Cheng Xin/Getty Images)

Strategy Owns More Than 3% Of All Bitcoin – So Why Did It Raise $1.44 Billion In Cash?

Strategy Inc. has a $1.44B cash reserve to cover nearly two years of dividends and interest without touching its vast Bitcoin stockpile.

<ul class="summary-bullets"><li>Strategy’s cumulative Bitcoin holdings now total 650,000 acquired at an average purchase price of $74,436 per token.</li><li>The announcement comes during heightened concern that Strategy could be forced to sell Bitcoin if the crypto market sell-off worsens.</li><li>CEO Phong Le said MSTR would only be forced to sell Bitcoin if the stock trades below 1x mNAV and the company cannot raise equity or debt.</li></ul>Michael Saylor-backed Strategy (MSTR) on Monday announced the formation of a $1.44 billion U.S. dollar reserve, and an increase in its Bitcoin (BTC) holdings to 650,000.&nbsp;In the past week, the company added 130 BTC at an average price of $89,960 per coin. The total Bitcoin holdings were acquired for $48.38 billion, reflecting an average purchase price of $74,436 per bitcoin.&nbsp;The announcement comes amid concerns that Strategy soon may be forced to sell some of its Bitcoin if the cryptocurrency market sell-off intensifies further and prices continue to fall. Strategy’s total Bitcoin holdings were acquired for $48.38 billion, reflecting an average purchase price of $74,436 per bitcoin.&nbsp;<h2 class="st-heading-2">Conditions That Could Trigger Bitcoin Sale</h2>CEO Phong Le outlined in a “What Bitcoin Did” podcast that Strategy could be forced to sell its core Bitcoin holdings under at least one set of circumstances.&nbsp;First, the company’s stock would need to trade below 1x mNAV, meaning its market capitalization falls beneath the value of its Bitcoin holdings. Second, Strategy must be unable to raise new capital through equity or debt, indicating capital markets are either closed or prohibitively expensive.<a href="http://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at around $86,000 in early morning trade, down more than 5% in the last 24 hours. On Stocktwits, retail sentiment around BTC dipped to ‘bearish’ from ‘neutral’ territory over the last 24 hours amid ‘low’ levels of chatter.&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/btc-price-rebounds-after-etf-flows-turn-positive-solana-outperforms/cLPAhg4RE9v">BTC Price Rebounds After ETF Flows Turn Positive – Solana Outperforms While Binance Coin, Ethereum Slide</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Saylor pauses as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022. (Photo by Marco Bello/Getty Images)

MSTR Announces $1.44 Billion USD Reserve As BTC Holdings Hit 650,000 Amid Investor Concerns

Strategy added 130 Bitcoin to its holdings last week at an average price of $89,960 per coin.

<ul class="summary-bullets"><li>This surge comes amid a broader boom in crypto-collateralized lending.&nbsp;</li><li>Saylor has recently been focusing more on perpetual preferred stocks, looking to take Strategy’s ‘Bitcoin Factory’ global.</li><li>In recent interviews, the executive chairman has called Bitcoin “superior collateral.”</li></ul>Strategy (MSTR) Executive Chairman Michael Saylor on Monday said it’s "probably nothing", sharing a chart that showed Bitcoin (BTC)-backed loans through its specialized digital structured products hit an all-time high last week.According to the chart, for the week ending November 21, weekly volume across Strategy’s suite of offerings, which includes STRFC, STRF, TRF, and TRD, hit a new all-time&nbsp;high&nbsp;of $18.9 million.&nbsp;<a href="https://stocktwits.com/symbol/MSTR">MSTR’s stock</a> edged 0.7% higher at market open. On Stocktwits, retail sentiment around the stock surged to ‘extremely bullish’ from ‘bullish’ over the past day, amid ‘high’ levels of&nbsp;chatter.<figure class="image"><a class="st-link-external" href="https://x.com/saylor/status/1992945200231293109" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:817/666;" src="https://news.stocktwits-cdn.com/Screenshot_2025_11_24_094051_png_74390e2e8a.webp" alt="Screenshot 2025-11-24 094051.png" width="817" height="666"></a><figcaption>Source: @saylor/X</figcaption></figure><h2 class="st-heading-2">Crypto-Backed Lending Surge</h2>This surge comes amid a broader boom in crypto-collateralized lending. According to a November&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.galaxy.com/insights/research/crypto-leverage-q3-2025-defi-cefi-lending-digital-asset-treasury-debt-futures-perpetuals#:~:text=crypto%2Dcollateralized%20lending%20expanded%20by%20%2420.46%20billion">report</a> by Galaxy Digital, crypto-backed loans expanded by $20.46 billion in the third quarter (Q3) 2025 to a record $73.59 billion in outstanding balances, surpassing previous bull-cycle peaks. This marked an increase of 38.5% year-on-year.<h2 class="st-heading-2">Saylor Shills Bitcoin-Backed Credit</h2>After being a Bitcoin bull for years, Saylor has recently been focusing more on <a href="https://stocktwits.com/news-articles/markets/equity/strategy-rallies-after-2-billion-preferred-stock-plan/ch09LSkRbpp">perpetual preferred stocks</a>. These are flexible instruments that don’t mature and can skip dividends. He called them “revolutionary Bitcoin-backed treasury credit instruments” that reduce volatility and risk while providing monthly USD. Strategy’s BTC Credit Model leverages Bitcoin as “superior collateral,” enabling novel credit structures that may outperform traditional fiat-based ratios, according <a href="https://stocktwits.com/news-articles/markets/equity/strategy-plans-to-take-bitcoin-backed-credit-factory-global/cLGq2kvR3UD">to</a> Saylor.Strategy also recently <a href="https://stocktwits.com/news-articles/markets/equity/mstr-stock-slides-toward-seven-month-low-after-preferred-stock-pricing/cL2vCkgRETD">expanded</a> the offering to Europe with the launch of euro-denominated perpetual preferred shares, Stream (STRE), targeting institutional investors across the European Economic Area.&nbsp;Read also:&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://cms.stocktwits.com/admin/content-manager/collection-types/api::article.article/16925">Bitcoin Holds $86,000 With Crypto Market Back Above $3 Trillion – XRP, Doge Gain Ahead Of Grayscale’s New ETF Launches</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Saylor Says It’s ‘Probably Nothing’ After MSTR’s Bitcoin-Backed Loans Hit Record Volume

Weekly volume across Strategy’s suite of offerings, which includes STRFC, STRF, TRF and TRD, hit a new all-time high of $18.9 million. 

BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF

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The S&P 500 is modestly lower so far in December, putting the Santa Claus rally in question. The Santa Claus rally refers to the market’s tendency to rise in the final weeks of the year—what do you expect from December 16 through December 31?

What do you expect the S&amp;P 500’s total return to be in the second half of December?

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What do you expect the S&P 500’s total return to be in the second half of December?

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BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF

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