- The Hoot
- Posts
- The 50th Hoot
🍾WE ARE OFFICIALLY HERE 🍾
Check out our social media pages below to stand a chance to win Bitcoin or Scatt Capital merch 🎁
LinkedIn 💼
Scatt's Seeds for Thought:
🌱MicroStrategy Buys MORE Bitcoin 😳
🌱Scatt Capital Strategy Update 🦉
🌱FTX Approved To Liquidate $873m 📉
🌱Crypto Venture Funding Hit $1bn 💰
Meme of The Week
Year-to-date Market Performance:
S&P 500: 19.67%
Dow: 9.35%
Nasdaq Comp: 36.67%
Bitcoin: 135.64%
Ethereum: 83.20%
Scatt Capital’s Fortune Strategy: 81.67% (Since Inception (12/22): 81.10%
Market News:
7-Day Change in Crypto Market Cap: +$6bn
INFLATION EASED IN OCTOBER + CONSUMERS PULLED BACK
GBTC DISCOUNT SHRINKS TO 2-YR LOW
UK ASSET MANAGERS ENCOURAGED TO TOKENIZE FUNDS
INVESTORS HUNGRY FOR RISK, HOLDING RECORD CASH SUMS
BINANCE SAW $956M OUTFLOWS IN 24 HRS AFTER LAWSUIT
CRYPTO INV. PRODUCT WEEKLY FLOW: +$346M
9 CONSECUTIVE WEEKS OF INFLOW: YTD FLOWS AT +$1.5BN
JPM CLAIMS BTC ETF PUT DOWNWARD PRESSURE ON BTC PRICE
BILL ACKMAN SEES RATE CUTS COMING SOON
KKR SAYS ASIA PRIVATE CREDIT RETURNS HIGHER THAN US + EU
BRAZIL SPOT BTC ETF NEARS $100M IN ASSETS
STANDARD CHARTERED SAYS $100K BY END OF 2024
LEGEND CHARLIE MUNGER DIES AT 99
TOTAL CRYPTO AUM SURGES TO $43.8BN, +120% YTD INCREASE
THE WEEK AHEAD:
Job Openings
Consumer Credit
Wholesale Inventories
U.S. Employment Report
MicroStrategy Buys MORE Bitcoin 😳
Michael Saylor is back at it… AGAIN.
MicroStrategy announced it bought $600m in Bitcoin in November (or 16,130 Bitcoins)
This increases their total holdings by around 10%.
Their total position now stands at around 174,530 Bitcoins 🤯
The Gatsby of Crypto.
T
Scatt Capital Strategy Update 🦉
A Year of Growth.
What a wild ride it’s been.
Thank you to all of our partners for your trust.
Together we’ll continue to navigate the crypto landscape and aim to produce exceptional returns.
As of writing, we are up almost 82% year-to-date and 81% since inception (a year ago).
Yes… our positions pumped ridiculously since the above report just 3 days ago.
Just another normal weekend in crypto.
FTX Approved To Liquidate $873m 📉
Judge’s orders.
FTX has a BUNCH of crypto holdings/assets that they’re going to sell to repay creditors with.
A judge ordered that they were legally approved to do this, BUT…
It was capped at $100m per week.
A judge recently approved a liquidation of their stakes in Bitwise & Grayscale funds (and some others too) worth $873m.
You’re probably asking how this might affect the market?
It likely won’t that much.
Only because the liquidation announcement was made ages ago, and prices have actually gone UP since then.
Point being… expectations are already likely priced in.
Crypto Venture Funding Hit $1bn in Oct.💰
This is BIG news, folks.
More venture funding means more capital going into the space…
Which means more developers will enter the space…
Which means better, more advanced projects and companies 🍾
Here are some notable investments made:
Wormhole raised $225m to allow blockchains to communicate with each other
Fnality raised $95m to tokenize major fiat currencies
Blast raised $20m to develop a new Layer 2 blockchain
Privy raised $18m to build blockchain tools for startups
OCEAN raised $6.2m to create a decentralized BTC mining pool
Strap in, ladies & gentlemen.
If you like receiving market updates, check us out here on LinkedIn; here on Twitter; or here on Instagram 📊
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.