MSTR: The Bullish Barometer for Bitcoin

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

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

Notable events this week include:

• MicroStrategy hits new Bitcoin era all-time highs.

• Craig Wright sues Bitcoin Core for over $1 trillion.

• Adam Back joins the Bitaxe revolution.

Let’s dive in! ⚡

Want the latest research diving deep into on-chain metrics to keep you ahead of the game? Subscribe to our Bitcoin Insights newsletter for more alpha 👇

LATEST NEWS 📰

🙌 ADOPTION

• New whales are rapidly accumulating Bitcoin, echoing the pace of 2020 just before the explosive rally.

• Swapido partners with The Bitcoin Company to launch Mexico’s first non-custodial Lightning Network off-ramp solution.

• Coinbase adopts Taproot addresses, enabling customers to reach more on-chain destinations efficiently.

⚖️ LEGAL

• Mt. Gox extends its repayment deadline by one year, now set for October 31, 2025.

• Craig Wright is suing Bitcoin Core for £911 billion, claiming the “wrongful passing off of BTC as Bitcoin.”

• Supreme Court authorizes the U.S. to sell 69,370 Bitcoin seized from Silk Road.

📈 MARKETS

• Metaplanet announces consecutive purchases of 108.78 and 108.99 Bitcoin, bringing their total holdings to approximately 748.5 BTC in reserve.

• Fold, a Bitcoin-only financial services company, has filed an S-4 with the SEC, moving one step closer to going public.

• BlackRock's Head of Active ETFs explains how Bitcoin and crypto “adoption is outpacing other major technologies” during a presentation to investment advisors.

⛏️ MINING

• MARA announces a 25-megawatt micro data center project powered by excess natural gas from oilfields.​

• IREN faces a class-action lawsuit from investors, alleging its Texas facility was falsely marketed as an HPC-ready data center and its computing capacity was overstated.

• Adam Back receives his Bitaxe home Bitcoin miner and joins the movement to decentralize Bitcoin hashrate.

🗳️ POLITICS

• El Salvador has successfully bought back $940 million of its debt, marking a significant step towards reducing its debt burden.

• National Bank of Bahrain launches a bitcoin-linked investment fund offering accredited investors exposure to bitcoin with capital protection.

• UAE eliminates all taxes on Bitcoin transactions.

BAMS 2 SATS 🧢

The biggest story in the Bitcoin world this week was MicroStrategy’s impressive surge, reaching new highs with a 15.95% jump on Friday.

We’ve talked about the MicroStrategy playbook before, but this sudden move caught me off guard—especially with Bitcoin still hovering in the low $60Ks, over 10% below its all-time high.

This news is significant because MicroStrategy’s stock performance is so closely tied to its Bitcoin holdings. The company’s strong gains reflect a growing acknowledgment from investors and the broader market that Bitcoin can be a powerful asset in corporate balance sheets.

What does this mean for Bitcoin though?

Saylor is likely positioning MicroStrategy to accumulate more Bitcoin by issuing debt, selling shares, or diluting equity, especially as its NAV becomes overextended. This signals that MicroStrategy may soon expand its Bitcoin holdings by offering more convertible notes. In an interview this week, Saylor also hinted at the company’s long-term goal: to become the leading Bitcoin bank.

Given that gold, the S&P, DOW 30, and Russell 2000 have all recently hit new peaks, it might also indicate that Bitcoin is poised for another upward surge, aligning with broader market trends.

I’m getting excited after months of sideways movement, so here’s a speculative chart offering some optimism on how Bitcoin might mirror MicroStrategy’s breakout.

This chart shows how MicroStrategy often leads Bitcoin in price movements. Both formed lower highs and broke down around the same time in 2022. MSTR has since recovered with higher lows, suggesting Bitcoin could soon follow with a breakout. MSTR’s recent gains might signal a bullish move ahead for Bitcoin.

Ultimately, the key takeaway is that Bitcoin is now on everyone’s radar, with MicroStrategy leading as the best-performing company, outperforming every single company in the S&P over the last four years.

Keep on stacking!
Bam

Global Bitcoin Education is Exploding

With MicroStrategy making waves in the finance world this week, it’s time to revisit the man behind their bold Bitcoin strategy—Michael Saylor.

This summer, we had an in-depth conversation with Saylor about Bitcoin, AI, and his vision for the future. Here’s what he had to say.