On December 20, Canadian biopharmaceutical company Quantum BioPharma announced a $1 million investment in Bitcoin and other cryptocurrencies as part of its strategy to receive financing in digital assets. The news led to a 13% decline in the company's stock price. In related developments, Bitcoin miner Hut 8 reported acquiring 990 BTC for approximately $100 million, boosting its total Bitcoin holdings to over $1 billion. Hut 8 emphasized that this strategy aligns with its treasury approach to mitigate inflation impacts. Meanwhile, BlackRock sparked debate over Bitcoin's fixed supply of 21 million after releasing a video that controversially stated there is no guarantee that the cap won't change. The comments were criticized by Bitcoin advocates, leading to discussions about the implications for Bitcoin's scarcity. Additionally, a South Korean lawmaker faces legal trouble for failing to report significant crypto holdings, with prosecutors seeking jail time due to accusations of misleading asset declaration.

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