Geopolitical Turmoil Can’t Crack Bitcoin’s $100K Streak

Happy Monday Bitcoiners, it's Bam here with another Bitcoin update!

Each week, our team saves you time by curating the most impactful events into a concise, easy-to-read update.

Notable events this week:

• Jim Chanos emerges as the ‘Lex Luther’ to Saylor’s Superman.

• Influencers are the new must-have asset for Bitcoin treasury firms.

• BlackRock’s Bitcoin ETF reaches $70B of AUM at 5X the speed of gold’s.

Let’s dive in⚡

Latest News 📰

🙌 Adoption

• Australia’s ABC News reports that Bitcoin is helping bring financial freedom and safety to Kibera, one of Kenya’s largest slums.

• TFTC launches Opportunity Cost, a privacy-focused browser extension that converts dollar prices to BTC as you browse, making it easier to think in sats.

• Rumble, a $3B YouTube rival, will integrate Bitcoin’s Lightning Network into its new wallet using Tether’s open-source Wallet Development Kit (WDK), making it the first self-custodial wallet built with WDK.

⚖️ Legal

• Congressman Tom Emmer's Blockchain Regulatory Certainty Act passes HFS Committee. It protects developers and service providers who don’t hold user funds from being misclassified as money transmitters.

• Brazil advances bill to allocate 5% of FX reserves to Bitcoin, passing its first committee. The Central Bank and Treasury could invest up to $18.5B in BTC, stored in cold wallets with biannual audits.

• Connecticut passes HB7082, banning the state from accepting, holding, or investing in Bitcoin or any virtual currency.

📈 Markets

• BlackRock’s Bitcoin ETF becomes the fastest ever to hit $70B AUM (over 666,000 BTC), reaching the milestone 5 times faster than gold.

• Stripe acquires crypto wallet infrastructure firm Privy, which supports 75M+ wallets across 1,000+ teams, signaling a deeper move into Bitcoin, wallets, and stablecoin payments.

• Coinbase launches One Card with Amex, offering up to 4% back in Bitcoin per purchase, depending on asset holdings on Coinbase.

🏦 Treasury

• Renowned short seller Jim Chanos reveals a short position on MSTR: “I’m doing what Saylor advocates - selling MSTR to buy Bitcoin”.

• The Blockchain Group launches a €300M “ATM-style” capital raise with TOBAM and secures 95%+ shareholder approval for up to €10B to accelerate its Bitcoin treasury strategy and boost BTC per share.

• Steven Lubka, former Head of Private Wealth at Swan, joins David Bailey’s Bitcoin treasury firm Nakamoto as VP of Investor Relations.

⛏️ Mining

• Tether will open-source its Bitcoin Mining OS (MOS), eliminating the need for third-party software. MOS is scalable, modular, and peer-to-peer, designed to level the playing field for smaller miners.

• Bitmain unveils a 3U Bitcoin miner with 1.16 PH/s hashrate and 9.5 J/TH efficiency. Using hydro cooling and 11,020W, it can earn $45.14/day at $0.06/kWh under current conditions.

• Trump-linked miner American Bitcoin reports 215 BTC and 60,000 ASICs, totaling 10.17 EH/s at 21.2 J/TH, in its latest SEC filing.

🗳️ Politics

• President Trump rebrands InvestAmerica as “Trump Accounts” with every US child born between Jan 1, 2025 and Dec 31, 2028 to receive a $1,000 government-funded account tracking the stock market.

• Ukraine, who already owns 46,000 BTC, introduces bill to establish a Strategic Bitcoin Reserve.

• Treasury Secretary Scott Bessent is reportedly among Trump’s top candidates to replace Fed Chair Jerome Powell when his term ends in May 2026.

🧠 Bitcoin Trivia 🧠

Bam’s 2 Sats 🧢

The Corporate Race Is On [Part 6]

This week’s geopolitical tensions briefly knocked Bitcoin down… to where it was last week.

Despite the noise, Bitcoin’s price held strong above $100K, clocking 39 straight days at that level (the longest streak ever). Remarkable strength in an uncertain world.

Whenever Bitcoin dips on war headlines, critics like Peter Schiff rush to highlight gold being up less than 1% while Bitcoin drops 2%.

But zoom out, and the picture changes.

Across the top 20 geopolitical risk events since Bitcoin’s inception, Bitcoin has gained an average of 64.6% within 50 days after the event, with a median gain of 17.3%, outperforming both gold and stocks.

Much of Bitcoin’s current resilience can be tied to growing corporate demand. As expected, another week brings another wave of companies joining the Bitcoin treasury trend.

Some are steadily stacking, others are raising targets, and a few are launching capital raises to ride the momentum in their stock price.

Here are just a few examples from this week:

• KULR Technology raises $300 million to buy more Bitcoin and reach their 1,000 BTC target.

• Anemoi, a UK-listed holding company, makes the strategic decision to allocate nearly 30% of its cash reserves into Bitcoin.

• ANAP, a Japanese fashion brand, now holding 153.46 BTC, shifts to full Bitcoin strategy with a goal of 1,000+ BTC by August 2025.

• Belgravia Hartford, a Canadian investment firm, buys its first 4.86 BTC for $500K at an average price of $102,848, ramping up its Bitcoin strategy.

• Remixpoint, a Japanese auto and energy company, announces a purchase of 105.68 BTC and now holds over 981.39 BTC.

• Evertz Pharma becomes the first German firm with a strategic Bitcoin reserve, adding 100 BTC (~$10M), citing inspiration from Michael Saylor.

One detail that stood out: a major Bitcoin player (Semler Scientific) is now trading below its mNAV of 1. This implies the its market cap is lower than the value of its Bitcoin holdings, even after accounting for potential future dilution.

While some may view this as a buying opportunity, we view it as a signal from the financial market. We think mNAV is converging to 1 not due to undervaluation, but rather due to the fact that there’s a natural ceiling.

As a company accumulates more Bitcoin, its ability to keep doubling that stack becomes limited. If a company holds say, 1 million BTC, then the chances of it acquiring 2 million BTC in the future are substantially lower given Bitcoin’s fixed supply.

There simply aren’t enough coins left to go around. Strategy, Semler Scientific, Nakamoto, Metaplanet, Twenty One Capital, and the various Bitcoin ETFs are all buying thousands of BTC each week.

But only 3,150 new coins are mined weekly, and not all miners are selling. It’s just a matter of time before sellers run dry.

Game theory is already in motion. The price will follow.

Our recommendation is the same as always - stay safe and keep on stacking!
-Bam

The Fourth Turning is Here

Rob Wallace sits down with generational theory expert Brandon Quittem to explore how Bitcoin fits into the Fourth Turning, a time of crisis and institutional collapse.

They discuss millennials as the hero generation, Gen Z’s challenges, and how Bitcoin could help rebuild trust and stability in a post-crisis world.👇