When the Worst Performing Companies Chase the Best Performing Asset...

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:

• JP Morgan bends the knee to Bitcoin.

• Shrimps are selling while whales accumulate.

• A gold miner starts selling shiny rocks for BTC.

Let’s dive in⚡

Latest News 📰

🙌 Adoption

• Since the 2024 election, small Bitcoin addresses (>0.1 BTC) have declined and stabilized, while the # of larger addresses (holding +100 BTC) hit a new all-time high under the Trump administration.

• Romania’s largest postal service, Poșta Română, will install Bitcoin and crypto terminals across its network.

• Strike announces upgrades to their Bitcoin-backed loans with tiered rates from 9.5% APR, lower minimums starting at $10K, and loans up to $1B.

⚖️ Legal

• California’s AB 1052 applies unclaimed property rules to Bitcoin: if an exchange account is inactive for 3+ years, the Bitcoin won’t be sold but held by the state to can be reclaimed at any time.

• Congressman Tim Burchett introduces a bill to turn Trump’s Strategic Bitcoin Reserve executive order into law.

• Swiss Federal Council to join the Automatic Exchange Of Information (AEOI) with 74 countries, excluding the U.S. and Saudi Arabia.

📈 Markets

• J.P.Morgan plans to allow trading and wealth-management clients to use BlackRock's Bitcoin ETF as collateral for loans.

• Jack Mallers announces that Twenty One Capital has implemented Proof-of-Reserves, with 37,230 BTC prefunded by Tether and SoftBank.

• Trump Media is moving forward with plans to launch crypto-based ETFs, starting with a US spot Bitcoin ETF called the “Truth Social Bitcoin ETF.”

🏦 Treasury

• Strategy adds 705 BTC, bringing its total to 580,955 BTC, and raises nearly $1B through its new $STRD Perpetual preferred stock to buy more Bitcoin.

• Metaplanet, Japan’s most traded stock by volume and value, is issuing 555 million moving-strike warrants to raise $5.4B for more Bitcoin.

• The Blockchain Group is seeking shareholder approval to raise €10 billion to accelerate its Bitcoin treasury strategy.

⛏️ Mining

• A solo bitcoin miner solves block 899,826 and earns 3.151 BTC by renting a large amount of hashrate on NiceHash and mining solo on CKpool.

• Vinanz, a UK-based Bitcoin miner, rebrands as the London BTC Company and lists on the London Stock Exchange, aiming to become the UK’s largest Bitcoin treasury company.

• Bluebird Mining Ventures, a UK-listed gold miner, announces the adoption of a Bitcoin treasury strategy, turning gold into digital gold.

🗳️ Politics

• Russia’s Central Bank and Agricultural Bank are exploring the use of Bitcoin as a settlement method for grain exports.

• Pakistan's Crypto Minister Bilal Bin Saqib met Bo Hines, Executive Director of Trump’s Council on Digital Assets, to discuss US-Pakistan cooperation on Bitcoin and digital assets.

• Satoshi Action Fund, the driving force behind dozens of pro-Bitcoin laws, is gearing up to double its team and expand its impact.

🧠 Bitcoin Trivia 🧠

Bam’s 2 Sats 🧢

The Corporate Race Is On [Part 5]

The Bitcoin treasury strategy isn’t just a trend. It’s the defining narrative of this cycle. As we’ve said, the wave of companies raising capital to stack Bitcoin is growing so fast, it’s hard to keep up.

The big three—Strategy, Metaplanet, and Semler (now joined by TwentyOne)—are stacking relentlessly, raising fresh capital to expand their already massive reserves. This week alone, Strategy and Metaplanet are targeting $1B and $5B raises respectively.

As usual, there are multiple smaller players making moves:

• The Blockchain Group confirms the purchase of 624 BTC for ~€60.2M, bringing total holdings to 1,471 BTC with a YTD Bitcoin Yield of 1,097.6%.

• Norwegian Block Exchange, becomes Norway’s first publicly traded Bitcoin treasury company with a 10 BTC purchase.

• Smarter Web adds 39.52 BTC, bringing total holdings to 122.76 BTC.

Bitcoin may be going global, but most of it is still flowing to the United States.

This centralization risk is becoming clearer as momentum builds. We’re seeing copycat companies with no profitable underlying business models and no legacy Bitcoin experience announce plans to raise huge sums of debt and jump in.

• Vanadi Coffee, a Spanish coffee chain with 10 shops, plans to purchase $1.1 billion Bitcoin for its treasury reserve, despite never having been profitable.

• K Wave Media, a Nasdaq-listed entertainment company, is raising $500M to buy Bitcoin for its treasury, despite being unprofitable, generating no revenue, and reporting ongoing losses.

• Locate Technologies acquires 6.09 BTC, becoming Australia’s first Bitcoin treasury company, despite a year-to-date net loss and earnings declining 23% annually over the past five years.

Whether these companies have the conviction to hold through volatility is yet to be seen, however one thing is for certain: everyone wants your Bitcoin.

Many of these announcements have triggered massive rallies in these companies respective stock prices, giving them a prime opportunity to repeat the cycle, diluting shareholders further and accumulating the most pristine asset ever created.

It makes you wonder: Should I really be risking my Bitcoin holdings (by converting to fiat to acquire shares in these companies) in the hopes of outperforming it?

Maybe the smartest move is to keep stacking Bitcoin while these companies take on leverage, complexity, and risk, all to chase uncertain future returns. Some, if not many, will likely overreach at the worst possible time - and when they do, liquidations are most likely to ensure.

So stay sharp, and hold your Bitcoin tight. Be wary of anyone promising to outperform the hardest money on Earth.

As usual, stay safe and keep on stacking!
-Bam

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