TLDR

MARKET RECAP → Stocks climbed on Monday, kicking off the holiday-shortened week, as ongoing strength in tech stocks boosted the broader market.

MICROSTRATEGY RIDES ‘RED SWEEP’ TO 477% GAIN IN 2024 → 🚀 MicroStrategy’s (MSTR) 477% stock surge in 2024, fueled by aggressive bitcoin (BTC) buying and Trump’s crypto-friendly win, cemented its place as a Wall Street phenomenon.

MURDOCH’S NEWS CORP TO SELL FOXTEL TO BRITAIN’S DAZN FOR $2.1 BILLION → News Corp (NWSA) offloaded Foxtel to DAZN for $2.1B, gaining a 6% stake in the sports platform as DAZN eyes global dominance and Australia's sports market. 🏀

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MARKETS

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TODAY’S TOP NEWS

Microstrategy Rides ‘Red Sweep’ To 477% Gain In 2024

🤑 Bitcoin Strategy Propelled Gains: MicroStrategy’s (MSTR) stock skyrocketed 477% in 2024, fueled by its aggressive bitcoin (BTC) acquisitions, including 249,850 bitcoins this year alone. Donald Trump’s crypto-friendly election win added momentum, pushing the stock past its dot-com era highs.

🌐 The Case for Bitcoin Dominance: Founder Michael Saylor doubled down on bitcoin as the “safe trade” for the digital economy, comparing it to prime real estate. Despite criticisms of his strategy as risky, he plans to keep buying, forecasting bitcoin could reach $13M by 2045.

💡 From Strategy to Spectacle: MicroStrategy’s bold moves captivated Wall Street, even as Saylor’s attempt to push Microsoft into bitcoin failed. His strategy of leveraging bitcoin as a “universal merger partner” positions it as a fix for “zombie companies” in the evolving digital economy.

TODAY’S TOP NEWS

Murdoch’s News Corp To Sell Foxtel To Britain’s DAZN For $2.1 Billion

Foxtel's Sale Marks New Chapter: News Corp (NWSA) and Telstra sold Australian cable TV and streaming company Foxtel to British sports platform DAZN for $2.1 billion, including debt. Foxtel's shareholder loans of A$578 million will be repaid, and its debt refinanced.

📺 DAZN Expands Into a Key Market: The deal gives News Corp a 6% stake and Telstra 3% in DAZN, with CEO Shay Segev calling it a strategic move to make DAZN the global home of sport. Australia’s appetite for sports content made the acquisition a natural fit.

📈 Stock Moves Amid Shifting Strategies: News Corp shares rose 1% after the announcement, while Telstra gained 0.4%. Foxtel has long weighed on News Corp profits due to declining subscriptions, but its streaming pivot and DAZN's vision could boost its reach.

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