Amid Market Chaos, Bitcoin Treasury Companies Steal the Spotlight in NYC

Happy Monday Bitcoiners - it’s Bam with another weekly update!

Each week, we condense the most impactful news releases into a concise, easy-to-read update so you’re always in the know!

Notable events this week include 👇

• Saylor says a bot army is flooding MSTR with FUD

• Lawmakers and Execs converge in DC to revive the ‘BITCOIN Act’

• Square calls on you to recruit merchants to accept BTC

Let’s dive in⚡

Weekly Live Stream 🚨

Join Rob Wallace live today with Dave Birnbaum, VP of Coinbits, as they break down the latest headlines and share updates the latest in Bitcoin tech.

Latest News 📰

🙌 Adoption

• Square has begun publicly beta-testing Bitcoin payments as Jack Dorsey urges followers to connect merchants interested in testing the new capabilities by DMing Block’s Bitcoin design lead @tmknsm.

• Shell, the $200B oil and gas giant, is now accepting Bitcoin payments in South Africa as Zapper payment processor adds Lightning support.

• Golden statue of President Trump holding a Bitcoin has appeared on the National Mall in front of the Washington Monument in Washington, DC.

⚖️ Legal

• The Bank of England proposes capping individual stablecoin holdings at £10K–£20K, citing “systemic risk.” This sharp limit on financial freedom signals growing global unease over the proliferation of USD stablecoins.

• Canadian police confirm the takedown of TrageOgre, a KYC-free exchange, announcing a $56M crypto seizure in an on-chain op_return message.

• Vietnam freezes 86M bank accounts after holders fail to comply with new biometric laws requiring face scans or fingerprints.

📈 Markets

• Stephen Miran, a pro-Bitcoin Trump economic adviser, is confirmed to the Fed Board and immediately proposes six rate cuts this year, targeting 2.75% by year-end, far lower than any other Fed Governor.

• Bitcoin has seen more inflows in the past 18 months than in its entire first 15 years combined.

• Poland’s first Bitcoin ETF begins trading on the Warsaw Stock Exchange, offering exposure via CME futures contracts rather than holding actual bitcoin.

🏦 Treasury

• Tim Kotzman and Ed Juline host the first Bitcoin Treasury Unconference NYC, with appearances from Michael Saylor, Max Keiser, Pierre Rochard, and more.

• Michael Saylor claims that a short seller has deployed an army of bots to spread FUD about MSTR on social media.

• Metaplanet launches subsidiaries in Tokyo and Miami: Tokyo will run domestic Bitcoin media and events, while Metaplanet Income Corp. in the US will focus on Bitcoin income strategy.

⛏️ Mining

• Laos plans to mine Bitcoin using cheap hydropower, which already makes up 26% of its exports, to turn excess energy into economic gain and help pay its debt.

• Bitcoin has officially entered the zetahash era, with network hashrate surpassing 1.09 ZH/s and mining difficulty hitting a record 142.3 trillion, a 29.6% rise this year.

• Bitdeer launches its new SEALMINER A3 rigs, with up to 660 TH/s at 12.5 J/TH, as the Bitcoin mining hardware race heats up against Bitmain.

🗳️ Politics

• US Lawmakers and execs, including Cynthia Lummis, Ted Cruz, Michael Saylor, and Tom Lee, meet in Washington, DC, to push for the creation of a Strategic Bitcoin Reserve through the ‘BITCOIN Act’.

• The Winklevoss brothers and Coinbase have committed $100M to launch the Fellowship PAC, aimed at supporting pro-Bitcoin and pro-crypto candidates in upcoming elections.

• Michigan advances HB 4087, a Bitcoin Reserve bill allowing up to 10% of state funds in bitcoin under strict custody and audit rules after seven months of delay.

🧠 Bitcoin Trivia 🧠

Bam’s 2 Sats 🧢

Bitcoin Treasuries: The Leaderboard Effect

It’s been 10 months since Bitcoin first broke 100K, and remarkably, it has held above that milestone for nearly 5 straight months.

What began as “Bitcoin Treasury Company” hype has now unleashed a wave of Wall Street capital. Corporations are racing to stack BTC, competing for leaderboard spots in the contest of who holds the most.

Not long ago, MicroStrategy looked like an outlier with nearly 200K BTC. Today, public companies collectively hold 1,019,587 BTC. For perspective, that total surpasses the ~800,000 BTC scheduled to be mined between 2028 and 2140. Much of the future supply is already spoken for.

Yet while corporate BTC holdings continue to climb, many of their stock tickers have disappointed, some spectacularly. Take $NAKA, David Bailey’s Bitcoin treasury company, now down more than 95% from its all-time high.

On social media, critics are calling out insiders for using PIPE financing deals to raise cash and buy Bitcoin, securing attractive stock prices for themselves while leaving retail investors as exit liquidity.

Sentiment online is low as Bitcoin treasury stocks hit new lows and mNAVs compress across the board. But for the companies themselves, and the true believers backing them, conviction remains unshaken.

This week, leaders from Michael Saylor to Max Keiser gathered in NYC for the Bitcoin Treasuries Unconference. Despite market struggles, the atmosphere was electric, with teams viewing the pain as natural growing pains of pioneering a new capital markets strategy.

And the timing could not be more fitting. September, usually Bitcoin’s worst month, is on track to be the best ever. If history is a guide, strong Septembers often lead to explosive Q4s.

With corporate treasuries and ETFs accelerating their buys, the pressure is mounting. The horizon looks bright as we enter Bitcoin’s most bullish season.

Stay safe and keep on stacking!
-Bam

Vietnam Freezes 86 MILLION Bank Accounts

Vietnam’s central bank just froze 86 million bank accounts overnight, demanding biometric data for access.

Now the UK is rolling out similar digital ID systems. Biometric ID is becoming the global standard of control. Bitcoin is the way out.