ZK-Rollup Adoption Surges, Boosting Ethereum Scalability and Attracting Institutional Investment

source:

[1] Zero-Knowledge Proofs: How Transformational Can They Be? (https://info.arkm.com/research/zero-knowledge ...)[2] Zero-Knowledge Proofs: A Beginner's Guide - Dock Labs (https://www.dock.io/post/zero-knowledge-proof ...)[3] What Is a Zero-Knowledge Proof? How It Works - 1Kosmos (https://www.1kosmos.com/security-glossary/zer ...)

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Dec 03 2025, 03:06

Investor 'Machi Big Brother' Nets $1.17M Profit on Leveraged Trade Amid Bitcoin Rebound

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Dec 03 2025, 02:53

NewGenIvf Diversifies Treasury With Solana (SOL) Purchase and $2 Million Stock Buyback

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Dec 03 2025, 02:30

SEC Halts High-Leverage ETF Approvals Amid Crypto Fund Implosion

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With **Bitcoin’s** price falling nearly 30% from its October peak and **MSTR's** stock tumbling over 40%, this model is under severe strain. In response, the company announced the creation of a **$1.44 billion cash reserve**, funded by recent share sales, to cover at least 12-21 months of interest and dividend payments. This move is a direct attempt to avoid selling its **Bitcoin** in a depressed market. However, it also highlights the core tension in its model: the company holds a non-cash-flowing asset (**Bitcoin**) while having fixed, recurring cash obligations. Investor focus has shifted to the company's 'mNAV'—a metric comparing its enterprise value to its **Bitcoin** holdings. This ratio has fallen to approximately 1.15, approaching what CEO Phong Le has described as a warning zone. Le acknowledged that a drop below 1.0 could, as a last resort, force the company to sell **Bitcoin** to meet its obligations. ## Market Implications The rapid deleveraging has profound implications. First, it serves as a cautionary tale for retail investors who may have underestimated the risks of leveraged products. Second, the crisis at **Strategy Inc.** threatens its position in major stock indexes. Analysts at JPMorgan have warned that **MSTR** could be removed from the **Nasdaq 100**, a move that would trigger billions in forced selling from passive index funds. More broadly, the ordeal casts a pall over the corporate **Bitcoin** treasury strategy that **Strategy** pioneered. 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