tags: News. Updates. Research. Stats. Everything Important You Need to Know.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

News
----

*   **Spiral welcomes _Ben Carman_.** The developer [will work](https://xcancel.com/spiralbtc/status/1914334079387914435) on the LDK server and a new SDK designed to simplify the onboarding process for new self-custodial Bitcoin users.
*   **Spiral renews support for _Dan Gould_ and _Joschisan_.** The organization has renewed support for _Dan Gould_, who is developing the [Payjoin Dev Kit (PDK)](https://payjoindevkit.org/2025/03/18/the-evolution-of-payjoin), and [_Joschisan_](https://xcancel.com/spiralbtc/status/1914363508126515567), a [Fedimint](https://github.com/fedimint/fedimint) developer focused on simplifying federations.
*   **The Bitcoin Dev Kit Foundation announced new corporate members for 2025**, including [AnchorWatch](https://www.anchorwatch.com/), [CleanSpark](https://www.cleanspark.com/), and [Proton Foundation](https://proton.me/foundation). The annual dues from [these corporate members](https://bitcoindevkit.org/blog/_2025q1-new-foundation-members/) fund the small team of open-source developers responsible for maintaining the core BDK libraries and related free and open-source software (FOSS) projects.
*   **The European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets legislation (MiCA)**, just months after its implementation. According to _Politico_'s [report on Tuesday](https://www.politico.eu/article/european-commission-livid-ecb-warn-crypto-apocalypse-donald-trump/), the ECB is concerned that U.S. support for cryptocurrency, particularly stablecoins, could cause economic harm to the 27-nation bloc.
*   **Slovenia is considering a 25% capital gains tax on Bitcoin profits for individuals.** The Ministry of Finance [has proposed](https://www.gov.si/novice/2025-04-17-v-javni-obravnavi-zakonska-predloga-s-podrocja-kriptosredstev-in-izvedenih-financnih-instrumentov/) legislation to impose this tax on gains from cryptocurrency transactions, though exchanging one cryptocurrency for another would remain exempt. At present, individual 'crypto' traders in Slovenia are not taxed.
*   **The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya.** The [new legislation](https://bitcoinke.io/2025/04/the-vasp-kenya-license-requirements/) aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
*   **Circle, BitGo, Coinbase, and Paxos plan to apply for U.S. bank charters or licenses.** According to a [report](https://archive.is/dxbWM) in _The Wall Street Journal_, major crypto companies are planning to apply for U.S. bank charters or licenses. These firms are pursuing limited licenses that would permit them to issue stablecoins, as the U.S. Congress deliberates on legislation mandating licensing for stablecoin issuers.

> "Established banks, like Bank of America, are hoping to amend the current drafts of \[stablecoin\] legislation in such a way that nonbanks are more heavily restricted from issuing stablecoins," people familiar with the matter [told](https://www.theblock.co/post/351402/circle-bitgo-to-apply-for-bank-charters-coinbase-paxos-may-follow-suit-wsj) The Block.

*   **Paul Atkins has officially assumed the role of the 34th Chairman of the US Securities and Exchange Commission (SEC).** This is a return to the agency for Atkins, who previously served as an SEC Commissioner from 2002 to 2008 under the _George W. Bush_ administration. He has [committed](https://www.reuters.com/world/us/paul-atkins-sworn-us-sec-chair-2025-04-21/) to advancing the SEC’s mission of fostering capital formation, safeguarding investors, and ensuring fair and efficient markets.
*   **Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.'** The U.S. Federal Reserve [withdrew](https://www.theblock.co/post/351943/federal-reserve-retracts-guidance-discouraging-banks-from-engaging-in-crypto) guidance that discouraged banks from crypto and stablecoin activities, as [announced](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm) by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

> "As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

*   **Russian government to launch a cryptocurrency exchange.** The country's Ministry of Finance and Central Bank [announced](https://bitcoinmagazine.com/news/russias-finance-ministry-and-central-bank-to-launch-crypto-exchange-for-super-qualified-investors) plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
*   **Twenty One Capital is set to launch with over 42,000 BTC in its treasury.** This new Bitcoin-native firm, backed by Tether and SoftBank, is [planned to go public](https://www.businesswire.com/news/home/20250423962305/en/Tether-SoftBank-Group-and-Jack-Mallers-Launch-Twenty-One-a-Bitcoin-native-Company-Through-a-Business-Combination-With-Cantor-Equity-Partners) via a SPAC merger with Cantor Equity Partners and will be led by _Jack Mallers_, co-founder and CEO of Strike. According to a [report](http://archive.today/3PoYZ) by the _Financial Times_, the company aims to replicate the model of _Michael Saylor_ with his company, MicroStrategy.
*   **Strategy increases Bitcoin holdings to 538,200 BTC.** In the [latest purchase](https://www.coindesk.com/markets/2025/04/21/strategy-buys-usd555m-of-bitcoin-increases-total-stash-to-538-200-btc), the company has spent more than $555M to buy 6,556 coins through proceeds of two at-the-market stock offering programs.
*   **Metaplanet buys another 145 BTC.** The Tokyo-listed company [has purchased](https://www.coindesk.com/markets/2025/04/24/metaplanet-hits-5-000-btc-mark-amid-strategic-treasury-expansion) an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
*   **Semler Scientific has increased its bitcoin holdings to 3,303 BTC.** The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a [press release](https://www.prnewswire.com/news-releases/semler-scientific-announces-updated-btc--atm-activity-purchased-additional-111-btc-now-holds-3-303-btc-ytd-btc-yield-of-23-5-302438131.html).
*   **Tesla still holds nearly $1 billion in bitcoin.** According to the automaker's [latest earnings report](https://www.sec.gov/Archives/edgar/data/1318605/000162828025018851/exhbit991.htm), the firm reported digital asset holdings worth $951 million as of March 31.
*   **Spar supermarket experiments with Bitcoin payments in Zug, Switzerland.** The store [has introduced](https://bitcoinnews.com/adoption/spar-supermarket-switzerland-bitcoin/) a new payment method powered by the Lightning Network. The implementation was facilitated by DFX Swiss, a service that supports seamless conversions between bitcoin and legacy currencies.

[![Block 894207: Important News of the Week](https://www.nobsbitcoin.com/content/images/2025/04/image-36.png)](https://www.linkedin.com/feed/update/urn:li:activity:7318277304881709057/)

*   **Charles Schwab to launch spot Bitcoin trading by 2026.** The financial investment firm, managing over $10 trillion in assets, [has revealed](https://riabiz.com/a/2025/4/19/rick-wurster-puts-harder-date-on-schwab-spot-bitcoin-launch-after-key-hire-and-400-surge-in-visits-to-its-crypto-site-but-isnt-pulling-down-crypto-red-flags-quite-yet) plans to introduce spot Bitcoin trading for its clients within the next year.
*   **Arch Labs has secured $13 million to develop "ArchVM"** and integrate smart-contract functionality with Bitcoin. The funding round, valuing the company at $200 million, was led by Pantera Capital, as [announced](https://chainwire.org/2025/04/22/arch-labs-announces-13m-funding-round-to-launch-a-native-bitcoin-virtual-machine/) on Tuesday.
*   **Citrea deployed its Clementine Bridge on the Bitcoin testnet.** The bridge [utilizes](https://www.coindesk.com/tech/2025/04/23/bitcoin-rollup-citrea-deploys-bridge-to-tackle-collateral-bottleneck-of-using-btc-in-defi) the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
*   **UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing.** The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, [per](https://bitcoinmagazine.com/news/ruya-becomes-first-islamic-bank-to-offer-bitcoin-and-virtual-asset-investments) _Bitcoin Magazine._
*   **Solosatoshi.com has sold over 10,000 open-source miners,** adding more than 10 PH of hashpower to the Bitcoin network.

> "Thank you, Bitaxe community. OSMU developers, your brilliance built this. Supporters, your belief drives us. Customers, your trust powers 10,000+ miners and 10PH globally. Together, we’re decentralizing Bitcoin’s future. Last but certainly not least, thank you[@skot9000](https://x.com/skot9000) for not only creating a freedom tool, but instilling the idea into thousands of people, that Bitcoin mining can be for everyone again," [said](https://xcancel.com/SoloSatoshi/status/1912267232006070775) the firm on X.

*   **OCEAN's DATUM has found 100 blocks.** "Over 65% of OCEAN’s miners are using DATUM, and that number is growing every day. This means block template construction is making its way back into the hands of the miners, which is not only the most profitable


tags: Notedeck is a modern, multiplatform Nostr client built with Rust. It provides a feature-rich experience for interacting with the Nostr protocol on both desktop and Android platforms.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

*   "Today we're launching the beta version of our multiplatform Nostr browser! Think Google Chrome but for Nostr apps. The beta is our big first step toward this vision," [announced](https://njump.me/nevent1qqs2dseuw3d4sqkyt97pzq3vg5ncx6zv2fk6ummejf88ezesa2exkrc8y4zm9) Damus.
*   This version comes with the Dave Nostr AI assistant, support for zaps and the Nostr Wallet Connect (NWC) wallet interface, full-text note search, GIFs and fullscreen images, multiple media uploads, user tagging, relay list and mute list support, along with a number of other improvements."

> "Included in the beta is the Dave, the Nostr AI assistant (its Grok for Nostr). Dave is a new Notedeck browser app that can search and summarize notes from the network. For a full breakdown of everything new, check out our beta launch [video](https://njump.me/nevent1qqs2dseuw3d4sqkyt97pzq3vg5ncx6zv2fk6ummejf88ezesa2exkrcpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3q8m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsncyhyu)."

[![Damus Notedeck v0.4.0 Beta: Zaps, Dave AI Assistant, Android Improvements](https://www.nobsbitcoin.com/content/images/2025/05/image-3.png)](https://njump.me/nevent1qqswjgzrrcmhn3e98y5xrar5t9tq78sgt09e38783fnxqerucff3ppczyqewrqnkx4zsaweutf739s0cu7et29zrntqs5elw70vlm8zudr3y26au00v)

What's new
----------

*   Dave Nostr AI assistant app.
*   GIFs.
*   Fulltext note search.
*   Add full screen images, add zoom, and pan.
*   Zaps! NWC/ Wallet UI.
*   Introduce last note per pubkey feed (experimental).
*   Allow multiple media uploads per selection.
*   Major Android improvements (still WIP).
*   Added notedeck app sidebar.
*   User Tagging.
*   Note truncation.
*   Local network note broadcast, broadcast notes to other notedeck notes while you're offline.
*   Mute list support (reading).
*   Relay list support.
*   Ctrl-enter to send notes.
*   Added relay indexing (relay columns soon).
*   Click hashtags to open hashtag timeline.
*   Fixed timelines sometimes not updating (stale feeds).
*   Fixed UI bounciness when loading profile pictures
*   Fixed unselectable post replies.

![Damus Notedeck v0.4.0 Beta: Zaps, Dave AI Assistant, Android Improvements](https://www.nobsbitcoin.com/content/images/2025/05/notedeckv041.jpg)

[**Announcement**](https://njump.me/nevent1qqs2dseuw3d4sqkyt97pzq3vg5ncx6zv2fk6ummejf88ezesa2exkrcpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3q8m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsncyhyu) / [Archive](https://archive.is/AQNsV#selection-171.0-171.165)
[**GitHub Repo**](https://github.com/damus-io/notedeck/releases)
[Website](https://damus.io/notedeck/)


tags: Cake Wallet is an open-source, privacy-oriented multi-currency wallet available on Android, iOS, macOS, Windows (beta) and Linux.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

*   This release introduces Payjoin v2 functionality to Bitcoin wallets on Cake, along with several UI/UX improvements and bug fixes.
*   The [Payjoin v2 protocol](https://payjoin.org/) enables asynchronous, serverless coordination between sender and receiver, removing the need to be online simultaneously or maintain a server. This simplifies privacy-focused transactions for regular users.

> "I cannot speak highly enough of how amazing it has been to work with [@bitgould](https://x.com/bitgould) and Jaad from the[@payjoindevkit](https://x.com/payjoindevkit) team, they're doing incredible work. None of this would be possible without them and their tireless efforts. PDK made it so much easier to ship Payjoin v2 than it would have been otherwise, and I can't wait to see other wallets jump in and give back to PDK as they implement it like we did," [said](https://xcancel.com/sethforprivacy/status/1924815548543541711) Seth For Privacy, VP at Cake Wallet.

![Cake Wallet v4.28: Payjoin v2 Support](https://www.nobsbitcoin.com/content/images/2025/05/cakewalletv4040.jpg)

**How to started with Payjoin in Cake Wallet:**

1.  Open the app menu sidebar and click `Privacy`.
2.  Toggle the `Use Payjoin` option.
3.  Now on your receive screen you'll see an option to copy a Payjoin URL

![Cake Wallet v4.28: Payjoin v2 Support](https://www.nobsbitcoin.com/content/images/2025/05/image-9.png)

*   [Bull Bitcoin Wallet v0.4.0](https://www.nobsbitcoin.com/bull-bitcoin-wallet-v0-4-0/) introduced Payjoin v2 support in late December 2024. However, the current implementations are not interoperable at the moment, an issue that should be addressed in the next release of the [Bull Bitcoin Wallet](https://github.com/SatoshiPortal/bullbitcoin-mobile).

[![Cake Wallet v4.28: Payjoin v2 Support](https://www.nobsbitcoin.com/content/images/2025/05/image-11.png)](https://xcancel.com/francispouliot_/status/1924958880804589739)

*   Cake Wallet was [one of the first wallets](https://www.nobsbitcoin.com/cake-wallet-v4-18-0/) to introduce [Silent Payments](https://silentpayments.xyz/) back in May 2024. However, users may encounter sync issues while using this feature at present, which will be resolved in the next release of Cake Wallet.

[![Cake Wallet v4.28: Payjoin v2 Support](https://www.nobsbitcoin.com/content/images/2025/05/image-10.png)](https://xcancel.com/sethforprivacy/status/1924770756828831867)

What's new
----------

*   [**Payjoin v2**](https://payjoin.org/docs/how-it-works/payjoin-v2-bip-77/) implementation.
*   **Wallet group improvements**: Enhanced management of multiple wallets.
*   **Various bug fixes**: improving overall stability and user experience.
*   Monero (XMR) enhancements.

Learn more about using, implementing, and understanding [BIP 77: Payjoin Version 2](https://github.com/bitcoin/bips/pull/1483) using the `payjoin` crate in Payjoin Dev Kit [here](https://payjoin.org/docs/tutorials/receive-payjoin-v2).

[**Announcement**](https://njump.me/nevent1qqs2k8yn2s8eres7gzcnhkj36easy939jz3nddrm7wv7gkdvg93tjhcpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qyg8uq7ecmfs397lxe48qjwc90jldzzrfyuz3s9nn7vk46s82m6k5my4r5zne)
[**Blog Post**](https://blog.cakewallet.com/bitcoin-privacy-takes-a-leap-forward-cake-wallet-introduces-payjoin-v2/) / [Archive](http://archive.today/RpdxK)
[**GitHub Repo**](https://github.com/cake-tech/cake_wallet/releases/tag/v4.28.0)


tags: Wasabi Wallet is a free and open-source, privacy-focused Bitcoin wallet for desktop.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

*   Wasabi Wallet v2.6.0 "Prometheus" is a major update for the project, focused on resilience and independence from centralized systems.
*   Key features include support for [BIP 158](https://github.com/bitcoin/bips/blob/master/bip-0158.mediawiki) block filters for direct node synchronization, a revamped full node integration for easier setup without third-party reliance, SLIP 39 share backups for flexible wallet recovery (sponsored by Trezor), and a Nostr-based update manager for censorship-resistant updates.
*   Additional improvements include UI bug fixes, a new fallback for transaction broadcasting, updated code signing, stricter JSON serialization, and options to avoid third-party rate providers, alongside various under-the-hood enhancements.

> This new version brings us closer to our ultimate goal: ensuring Wasabi is future-proof," said the developers, while also highlighting the following key areas of focus for the project:

*   Ensuring users can always fully and securely use their client.
*   Making contribution and forks easy through a codebase of the highest quality possible: understandable, maintainable, and improvable.

> "As we achieve our survival goals, expect more cutting-edge improvements in Bitcoin privacy and self-custody. Thank you for the trust you place in us by using Wasabi," was stated in the release notes.

[![Wasabi Wallet v2.6.0: First Version to Sync & Operate Without a Central Server](https://www.nobsbitcoin.com/content/images/2025/05/image-1.png)](https://njump.me/nevent1qqsqqq8urpkd9t44fken7r6wfhjf4n9z9sp8nhy9gq04cgu00fd9ppszyz0rp62qywxdn6ltccegzakaf5gfsysjj3p09fkrsunlceh6065s5ytnjlx)

What's new
----------

*   **Support for Standard BIP 158 Block Filters.** Wasabi now syncs using [BIP 158](https://github.com/bitcoin/bips/blob/master/bip-0158.mediawiki) filters without a backend/indexer, connecting directly to a user's node. This boosts sync speed, resilience, and allows full sovereignty without specific server dependency.
*   **Full Node Integration Rework.** The old integration has been replaced with a simpler, more adaptable system. It’s not tied to a specific Bitcoin node fork, doesn’t need the node on the same machine as Wasabi, and requires no changes to the node’s setup.
    *   "Simply enable the RPC server on your node and point Wasabi to it," said the developers. This ensures all Bitcoin network activities—like retrieving blocks, fee estimations, block filters, and transaction broadcasting—go through your own node, avoiding reliance on third parties.
*   **Create & Recover SLIP 39 Shares.** Users now create and recover wallets with multiple share backups using [SLIP 39](https://github.com/satoshilabs/slips/blob/master/slip-0039.md) standard.

> "Special thanks to Trezor (SatoshiLabs) for sponsoring this amazing feature."

*   **Nostr Update Manager.** This version implements a pioneering system with the Nostr protocol for update information and downloads, replacing reliance on GitHub. This enhances the project's resilience, ensuring updates even if GitHub is unavailable, while still verifying updates with the project's secure certificate.
*   **Updated Avalonia to v11.2.7**, fixes for UI bugs (including restoring Minimize on macOS Sequoia).
*   Added a **configurable third-party fallback for broadcasting transactions** if other methods fail.
*   Replaced Windows Code Signing Certificate with Azure Trusted Signing.
*   Many bug fixes, improved codebase, and enhanced CI pipeline.
*   Added the option to avoid using any third-party Exchange Rate and Fee Rate providers (Wasabi can work without them).
*   Rebuilt all JSON Serialization mechanisms avoiding default .NET converters. Serialization is now stricter.

![Wasabi Wallet v2.6.0: First Version to Sync & Operate Without a Central Server](https://www.nobsbitcoin.com/content/images/2025/05/wasabi260.jpg)

**Full Changelog**: [v2.5.1...v2.6.0](https://github.com/WalletWasabi/WalletWasabi/compare/v2.5.1...v2.6.0)

[**Announcement**](https://njump.me/nevent1qqsp8cvfcz9788lmhad6ckvqg52r9z8fsl9dk3tcx3exjucv5qlc8vgpp4mhxue69uhkummn9ekx7mqzyzfm6rr08n96u3ec3vq6cm8qktqpxy2defxq34hzwyk5lac5qk3uxxetx9p) / [Archive](https://archive.is/V0VR4)
[**GitHub Repo**](https://github.com/WalletWasabi/WalletWasabi/releases/tag/v2.6.0)


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tags: Bitcoin Magazine Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin Bitcoin price has recovered above $114,000 following Strategy’s latest Bitcoin purchase announcement, as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin. Strategy now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025. Strategy’s continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy. BREAKING: STRATEGY BUYS ANOTHER 220 #BITCOIN FOR $27.2 MILLION pic.twitter.com/0uG4LWAZhE — Bitcoin Magazine (@BitcoinMagazine) October 13, 2025 We’re seeing an unprecedented wave of corporate treasury adoption. Unlike previous cycles, firms are now directly adding Bitcoin into their corporate treasuries, treating it as a major store of value and hedge against inflation. The acceleration in corporate Bitcoin adoption comes as U.S. spot Bitcoin ETFs continue to see strong inflows. BlackRock’s IBIT ETF recently surpassed 800,000 BTC in assets under management, valued at approximately $97 billion. Strategy utilised multiple financing vehicles to fund its latest Bitcoin purchase, demonstrating the company’s sophisticated approach to building its Bitcoin position. The company raised $19.8 million through its STRF ATM program, $1.7 million via STRK ATM shares, and $5.8 million from STRD ATM offerings. The company has established several significant ATM programs, including a $2.1 billion STRF program, $4.2 billion STRC program, $21 billion STRK program, $4.2 billion STRD program, and $21 billion MSTR common stock program, showcasing its commitment to continued Bitcoin acquisition. Bitcoin’s price has shown resilience above $114,000, supported by growing institutional demand through both corporate treasury additions and ETF inflows. The combination of corporate treasury adoption and ETF inflows is creating persistent structural demand. This cycle is distinctly different from previous ones, with institutions treating Bitcoin as a strategic reserve asset. The trend of companies adding Bitcoin to their balance sheets shows no signs of slowing, with more firms expected to announce treasury allocations in the coming months. This growing corporate adoption, combined with strong ETF demand and the upcoming Bitcoin halving, continues to support positive market sentiment. Strategy’s latest purchase reinforces its position as the largest corporate Bitcoin holder and demonstrates the company’s long-term commitment to Bitcoin as a treasury reserve asset. As more companies follow suit, the corporate treasury trend appears to be evolving from an experimental approach to an established treasury management strategy, fundamentally changing how institutions view and interact with Bitcoin. This post Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/08/michael-saylor-the-power-of-21-b.jpg)
[Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin)

[Bitcoin price](https://bitcoinmagazine.com/tags/bitcoin-price) has recovered above $114,000 following [Strategy’s](https://bitcoinmagazine.com/tags/strategy) latest Bitcoin purchase [announcement](https://www.strategy.com/press/strategy-acquires-220-btc-and-now-holds-640250-btc_10-13-2025), as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin.

[Strategy](https://bitcoinmagazine.com/tags/strategy) now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025.

[Strategy’s](https://bitcoinmagazine.com/tags/strategy) continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy.

> BREAKING: ![🇺🇸](https://s.w.org/images/core/emoji/16.0.1/72x72/1f1fa-1f1f8.png) STRATEGY BUYS ANOTHER 220 [#BITCOIN](https://twitter.com/hashtag/BITCOIN?src=hash&ref_src=twsrc%5Etfw) FOR $27.2 MILLION [pic.twitter.com/0uG4LWAZhE](https://t.co/0uG4LWAZhE)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 13, 2025](https://twitter.com/BitcoinMagazine/status/1977706460021670284?ref_src=twsrc%5Etfw)

We’re seeing an unprecedented wave of corporate treasury adoption. Unlike previous cycles, firms are now directly adding Bitcoin into their corporate treasuries, treating it as a major store of value and hedge against inflation.

The acceleration in corporate Bitcoin adoption comes as U.S. spot Bitcoin ETFs continue to see strong inflows. BlackRock’s IBIT ETF recently surpassed 800,000 BTC in assets under management, valued at approximately $97 billion.

[Strategy](https://bitcoinmagazine.com/tags/strategy) utilised multiple financing vehicles to fund its [latest Bitcoin purchase](https://www.strategy.com/press/strategy-acquires-220-btc-and-now-holds-640250-btc_10-13-2025), demonstrating the company’s sophisticated approach to building its Bitcoin position. The company raised $19.8 million through its STRF ATM program, $1.7 million via STRK ATM shares, and $5.8 million from STRD ATM offerings.

The company has established several significant ATM programs, including a $2.1 billion STRF program, $4.2 billion STRC program, $21 billion STRK program, $4.2 billion STRD program, and $21 billion MSTR common stock program, showcasing its commitment to continued Bitcoin acquisition.

[Bitcoin’s price](https://bitcoinmagazine.com/tags/bitcoin-price) has shown resilience above $114,000, supported by growing institutional demand through both corporate treasury additions and ETF inflows.

The combination of corporate treasury adoption and ETF inflows is creating persistent structural demand. This cycle is distinctly different from previous ones, with institutions treating Bitcoin as a strategic reserve asset.

The trend of companies adding Bitcoin to their balance sheets shows no signs of slowing, with more firms expected to announce treasury allocations in the coming months. This growing corporate adoption, combined with strong ETF demand and the upcoming Bitcoin halving, continues to support positive market sentiment.

[Strategy’s](https://bitcoinmagazine.com/tags/strategy) latest purchase reinforces its position as the largest corporate Bitcoin holder and demonstrates the company’s long-term commitment to Bitcoin as a treasury reserve asset. As more companies follow suit, the corporate treasury trend appears to be evolving from an experimental approach to an established treasury management strategy, fundamentally changing how institutions view and interact with Bitcoin.

This post [Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Vivek Sen](https://bitcoinmagazine.com/authors/vivek-sen-bitcoin).


Removing Note


tags: Sparrow is a free and open-source modern desktop Bitcoin wallet application supporting most hardware wallets and built on common standards such as PSBT, with an emphasis on transparency and usability.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

![Sparrow Wallet v2.2.1: Recent Blocks View, Improved Camera, Tor & P2A Updates](https://www.nobsbitcoin.com/content/images/2025/05/sparrow-wallet-v220.jpg)

This update brings key enhancements for clarity and usability:

*   **Recent Blocks View**: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
*   **Camera System Overhaul**: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
*   **Vector-Based Images**: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
*   **Tor & P2A Updates**: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
*   **Linux Package Rename**: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
*   Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.

[![Sparrow Wallet v2.2.1: Recent Blocks View, Improved Camera, Tor & P2A Updates](https://www.nobsbitcoin.com/content/images/2025/05/image-12.png)](https://xcancel.com/SparrowWallet/status/1925130328697369071)

*   [**Sparrow v2.2.1**](https://github.com/sparrowwallet/sparrow/releases) is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged `.deb` installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.

**Learn how to get started with Sparrow wallet:**

Release notes (v2.2.0)
----------------------

*   Added Recent Blocks view to Send tab.
*   Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
*   Support send and display of pay to anchor (P2A) outputs.
*   Renamed `sparrow` package to `sparrowwallet` and `sparrowserver` on Linux.
*   Switched camera library to openpnp-capture.
*   Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
*   Support camera zoom with mouse scroll where possible.
*   In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
*   Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
*   In Cormorant, avoid calling the `listwalletdir` RPC on initialization due to a potentially slow response on Windows.
*   Avoid server address resolution for public servers.
*   Assume server address is non local for resolution failures where a proxy is configured.
*   Added a tooltip to indicate truncated labels in table cells.
*   Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
*   Improved tooltips for wallet tabs and transaction diagrams with long labels.
*   Show the address where available on input and output tooltips in transaction tab tree.
*   Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
*   Reset preferred table column widths on adjustment to improve handling after window resizing.
*   Added accessible text to improve screen reader navigation on seed entry.
*   Made Wallet Summary table grow horizontally with dialog sizing.
*   Reduced tooltip show delay to 200ms.
*   Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
*   Optimized and reduced Electrum server RPC calls.
*   Upgraded Bouncy Castle, PGPainless and Logback libraries.
*   Upgraded internal Tor to v0.4.8.16.
*   Bug fix: Fixed issue with random ordering of keystore origins on labels import.
*   Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
*   Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
*   Bug fix: Fixed inclusion of fees on wallet label exports.
*   Bug fix: Increase Trezor device libusb timeout.

**Linux users**: Note that the `sparrow` package has been renamed to `sparrowwallet` or `sparrowserver`, and in some cases you may need to manually uninstall the original `sparrow` package. Look in the `/opt` folder to ensure you have the new name, and the original is removed.

What's new in v2.2.1
--------------------

*   Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
*   Repackaged `.deb` installs to use older gzip instead of zstd compression.
*   Removed display of median fee rate where fee rates source is set to Server.
*   Added icons for external sources in Settings and Recent Blocks view
*   Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
*   Bug fix: Fixed NPE on null fee returned from server

[**Announcement**](https://njump.me/nevent1qqszm2pjnt464tu242awrwkyvqgt590rvsf2lk7lgj0glpae0ts0epspp4mhxue69uhkummn9ekx7mqzyzl85553k5ew3wgc7twfs9yffz3n60sd5pmc346pdaemf363fuywv4yjku6) / [Archive](http://archive.today/V2tHL)
[**GitHub Repo**](https://github.com/sparrowwallet/sparrow/releases)


tags: Good Morning, Bitcoin is your latest news roundup delivering key stories, project updates, new releases, guides, research, and all things related to Bitcoin and freedom tech.

content:
[![Good Morning, Bitcoin - Tuesday, May 20th, 2025](https://www.nobsbitcoin.com/content/images/2025/05/image-8.png)](https://mempool.space/)

News
----

*   **Wallet of Satoshi teases a comeback in the US market with a non-custodial product.** According to an [announcement on X](https://xcancel.com/walletofsatoshi/status/1923875750165479768), the widely popular custodial Lightning wallet is preparing to re-enter the United States market with a non-custodial wallet. It is unclear whether the product will be open-source, but the project has clarified that "there will be no KYC on any Wallet of Satoshi, ever!" Wallet of Satoshi [ceased](https://www.nobsbitcoin.com/wallet-of-satoshi-stops-serving-us-customers/) serving customers in the United States in November 2023.

[![Good Morning, Bitcoin - Tuesday, May 20th, 2025](https://www.nobsbitcoin.com/content/images/2025/05/image-5.png)](https://xcancel.com/walletofsatoshi/status/1923875750165479768)

*   **Vulnerability disclosure: Remote crash due to addr message spam in Bitcoin Core versions before v29.** Bitcoin Core developer _Antoine Poinsot_ [disclosed](https://gnusha.org/pi/bitcoindev/EYvwAFPNEfsQ8cVwiK-8v6ovJU43Vy-ylARiDQ_1XBXAgg_ZqWIpB6m51fAIRtI-rfTmMGvGLrOe5Utl5y9uaHySELpya2ojC7yGsXnP90s=@protonmail.com/T/#u#mc3e78110ae4b67757a616e3c7492ce1cc56858c1) an integer overflow bug that crashes a node if spammed with addr messages over an extended period. A fix was released on April 14, 2025, in [Bitcoin Core v29.0.](https://www.nobsbitcoin.com/bitcoin-core-v29-0/) The issue is rated Low severity.
*   **Coinbase Know Your Customer (KYC) data leak.** The U.S. Department of Justice, including its Criminal Division in Washington, is [investigating](https://www.theblock.co/post/354935/doj-launches-criminal-investigation-into-coinbase-cyberattack-bloomberg) a cyberattack on Coinbase. The incident involved cybercriminals attempting to [extort $20 millio](https://www.bleepingcomputer.com/news/security/coinbase-discloses-breach-faces-up-to-400-million-in-losses/)n from Coinbase to prevent stolen customer data from being leaked online. Although the data breach affected less than 1% of the exchange's users, Coinbase now faces [at least six lawsuits](https://www.tradingview.com/news/cointelegraph:e50cbbb4d094b:0-coinbase-hit-with-wave-of-lawsuits-over-customer-data-breaches/) following the revelation that some customer support agents were bribed as part of the extortion scheme.
*   **Fold has launched Bitcoin Gift Cards**, [enabling users](https://investor.foldapp.com/news-releases/news-release-details/fold-introduces-most-convenient-way-buy-and-share-bitcoin-new) to purchase bitcoin for personal use or as gifts, redeemable via the Fold app. These cards are currently available on Fold’s [website](https://foldapp.com/bitcoin-gift-card) and are planned to expand to major retailers nationwide later this year.

> "Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way. Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others," said Will Reeves, Chairman and CEO of Fold.

*   **Corporate treasuries hold nearly 1.1 million BTC**, representing about 5.5% of the total circulating supply (1,082,164 BTC), per [BitcoinTreasuries.net](https://bitcointreasuries.net/entities/tether-holdings) data. Recent purchases include Strategy adding [7,390 BTC](https://btctimes.com/strategy-acquires-7-390-bitcoin-as-class-action-lawsuit-filed/) (total: 576,230 BTC), Metplanet acquiring [1,004 BTC](https://contents.xj-storage.jp/xcontents/33500/b701fd66/1080/4ce0/9206/7989fd6ade07/140120250519557359.pdf) (total: 7,800 BTC), Tether holding over 100,521 BTC, and XXI Capital, led by _Jack Mallers_, starting with 31,500 BTC.
    *   Meanwhile, a group of investors [has filed](https://www.theblock.co/post/354851/strategy-and-co-founder-michael-saylor-faces-class-action-lawsuit-involving-alleged-federal-securities-law-violations) a class action lawsuit against Strategy and its executive _Michael Saylor_. The lawsuit alleges that Strategy made overly optimistic projections using fair value accounting under new FASB rules while downplaying potential losses.
*   **The U.S. Senate voted to advance the GENIUS stablecoin bill** for further debate before a final vote to pass it. Meanwhile, the House is crafting its own stablecoin legislation to establish a regulatory framework for stablecoins and their issuers in the U.S, [reports](https://www.coindesk.com/policy/2025/05/19/senate-advances-stablecoin-bill-clearing-the-way-for-final-passage) _CoinDesk._
*   **French 'crypto' entrepreneurs get priority access to emergency police services.** French Minister of the Interior, _Bruno Retailleau,_ [agreed](https://protos.com/french-government-gives-crypto-entrepreneurs-priority-police-line/) on measures to enhance security for 'crypto' professionals during a meeting on Friday. This follows a [failed kidnapping](https://www.coindesk.com/business/2025/05/15/crypto-exchange-ceos-daughter-grandson-targeted-in-paris-kidnap-attempt) attempt on Tuesday targeting the family of a cryptocurrency exchange CEO, and two other kidnappings earlier this year.
*   **Brussels Court declares tracking-based ads illegal in EU.** The Brussels Court of Appeal [ruled](https://therecord.media/eu-court-rules-tracking-based-ads-illegal) tracking-based online ads illegal in the EU due to an inadequate consent model. Major tech firms like Microsoft, Amazon, Google, and X are affected by the decision, as their consent pop-ups fail to protect privacy in real-time bidding, writes _The Record_.
*   **Telegram shares data on 22,777 users in Q1 2025**, a [significant increase](https://www.404media.co/telegram-gave-authorities-data-on-more-than-20-000-users/) from the 5,826 users' data shared during the same period in 2024. This significant increase follows the arrest of CEO and founder _Pavel Durov_ [last year](https://www.nobsbitcoin.com/telegram-founder-pavel-durov-charged-on-12-criminal-counts-in-france/).
*   **An Australian judge has ruled that Bitcoin is money**, [potentially exempting](https://www.afr.com/wealth/personal-finance/this-court-case-could-make-your-bitcoin-profits-tax-free-20250430-p5lvft) it from capital gains tax in the country. If upheld on appeal, this interim decision could lead to taxpayer refunds worth up to $1 billion, per tax lawyer _Adrian Cartland_.

Use the tools
-------------

*   [**Bitcoin Safe v1.3.0**](https://www.nobsbitcoin.com/bitcoin-safe-v1-3-0/) a secure and user-friendly Bitcoin savings wallet for beginners and advanced users, introduces an interactive chart, Child Pays For Parent (CPFP) support, testnet4 compatibility, preconfigured testnet demo wallets, various bug fixes, and other improvements.
*   [**BlueWallet v7.1.8**](https://github.com/BlueWallet/BlueWallet/releases) brings numerous bug fixes, dependency updates, and a new search feature for addresses and transactions.
*   [**Aqua Wallet v0.3.0**](https://github.com/AquaWallet/aqua-wallet/releases/tag/v0.3.0) is out, offering beta testing for the reloadable Dolphin card ([in partnership with Visa](https://btctimes.com/aqua-pushes-forward-with-visa-as-moonpay-partners-with-mastercard/)) for spending bitcoin and Liquid BTC. It also includes a new Optical Character Recognition (OCR) text scanner to read text addresses like QR codes, colored numbers on addresses for better readability, a reduced minimum for spending and swapping Liquid Bitcoin to 100 sats, plus other fixes and enhancements.

![Good Morning, Bitcoin - Tuesday, May 20th, 2025](https://www.nobsbitcoin.com/content/images/2025/05/image-7.png)

Source: [Aqua wallet.](https://xcancel.com/AquaBitcoin/status/1923169207346225655/photo/1)

*   The latest firmware updates for [**COLDCARD Mk4 v5.4.3 and Q v1.3.3**](https://xcancel.com/COLDCARDwallet/status/1922658877562360154) are now available, featuring the latest enhancements and bug fixes.
*   [**Nunchuk Android v1.9.68.1**](https://github.com/nunchuk-io/nunchuk-android/releases/tag/android.1.68.1) and [**iOS v1.9.79**](https://apps.apple.com/us/app/nunchuk-bitcoin-wallet/id1563190073) introduce support for custom blockchain explorers, wallet archiving, re-ordering wallets on the home screen via long-press, and an anti-fee sniping setting.
*   [**BDK-cli v1.0.0**](https://github.com/bitcoindevkit/bdk-cli/releases/tag/v1.0.0), a CLI wallet library and REPL tool to demo and test the BDK library, now uses bdk\_wallet 1.0.0 and integrates Kyoto, utilizing the Kyoto protocol for compact block filters. It sets SQLite as the default database and discontinues support for sled.
*   [**publsp**](https://github.com/smallworlnd/publsp) is a new command-line tool designed for Lightning node runners or Lightning Service Providers (LSPs) to advertise liquidity offers over Nostr.

> "LSPs advertise liquidity as addressable Kind 39735 events. Clients just pull and evaluate all those structured events, then NIP-17 DM an LSP of their choice to coordinate a liquidity purchase," [writes](https://njump.me/nevent1qqsrpdcdjyw2yz4fp3aas7mr24e7f6sxe2n3wexjwpu09ev5pgm3z2qpp4mhxue69uhkummn9ekx7mqzypwe8ymf9knyvku79g55ygmz0g5hue5dk99xy7s4jup8v4dev2nly7wfa0j) developer _smallworlnd._

*   [**Lightning Blinder**](https://github.com/supertestnet/lightning_blinder) by _Super Testnet_ is a proof-of-concept privacy tool for the Lightning Network. It enables users to mislead Lightning Service Providers (LSPs) by making it appear as though one wallet is the sender or recipient, masking the original wallet. Explore and try it out [here](https://supertestnet.github.io/lightning_blinder/).

*   [**Mempal v1.5.3**](https://github.com/aeonBTC/Mempal/releases/tag/v1.5.3), a Bitcoin mempool monitoring and notification app for Android, now includes a swipe-down feature to refresh the dashboard, a custom time option for widget auto-update frequency, and a


tags: Bitcoin Magazine The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025. As of October 13, the OranjeBTC now holds 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin. Brazil’s First Pure-Bitcoin Public Company OranjeBTC began trading last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets. Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin holder. The “Strategy of Latin America” The company’s model closely mirrors Strategy’s playbook in the United States: issue convertible debt, raise capital, and buy Bitcoin. Just today, Strategy announced the purchase of 220 BTC for $27.2 million at an average price of $123,561 per coin. Strategy now holds 640,250 BTC — about 3.1% of Bitcoin’s total supply — funded through $27.3 million raised via its recent at-the-market offering. Earlier this year, OranjeBTC secured a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA, positioning its BTC reserves as a long-term strategic asset. That financing round also drew heavyweight backers including Tyler and Cameron Winklevoss, Mexican billionaire Ricardo Salinas, FalconX, and Adam Back of Blockstream, alongside U.S. funds Off the Chain Capital and ParaFi Capital. Saylor’s early mentor, Eric Weiss, a former Morgan Stanley banker and founder of Blockchain Investment Group, sits on Oranje’s board. OranjeBTC’s local Bitcoin education The company is launching an educational platform aimed at teaching shareholders and institutional investors about Bitcoin’s monetary properties — what it calls a “learning layer” for Brazil’s next generation of savers. “We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” Founder Guilherme Gomes told WIRED en Español in September. The listing was executed as a reverse IPO, with OranjeBTC merging into Intergraus, an already-listed entity on B3. Following the transaction, roughly 85% of shares will be in free float — opening the door for both institutional and retail investors to gain direct exposure to a company whose only real product is Bitcoin accumulation. B3 launched Bitcoin futures in 2022 and explored crypto custody services soon after. This post The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/The-Strategy-of-Latin-America-OranjeBTC-Expands-Holdings-With-1.94M-Bitcoin-Purchase.jpg)
[The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase](https://bitcoinmagazine.com/business/the-strategy-of-latin-america-oranjebtc-expands-holdings-with-1-94m-bitcoin-purchase)

OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025.

As of October 13, the [OranjeBTC now holds](https://x.com/oranjebtc/status/1977718068622045615?s=46&t=qcJDE0RaWiQjEKjMZF2JjA) 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin.

Brazil’s First Pure-Bitcoin Public Company
------------------------------------------

OranjeBTC [began trading](https://bitcoinmagazine.com/business/oranjebtc-goes-public-on-brazils-b3-driving-latin-americas-bitcoin-push) last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets.

Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin holder.

The “Strategy of Latin America”
-------------------------------

The company’s model closely mirrors Strategy’s playbook in the United States: issue convertible debt, raise capital, and buy Bitcoin.

Just today, Strategy [announced](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin) the purchase of 220 BTC for $27.2 million at an average price of $123,561 per coin.

Strategy now holds 640,250 BTC — about 3.1% of Bitcoin’s total supply — funded through $27.3 million raised via its recent at-the-market offering.

Earlier this year, OranjeBTC [secured](https://bitcoinmagazine.com/news/oranjebtc-to-debut-on-brazils-b3-bringing-410-million-in-bitcoin-to-public-markets) a $210 million investment from Brazil’s largest bank, Itaú, through its investment arm Itaú BBA, positioning its BTC reserves as a long-term strategic asset.

That financing round also drew heavyweight backers including Tyler and Cameron Winklevoss, Mexican billionaire Ricardo Salinas, FalconX, and Adam Back of Blockstream, alongside U.S. funds Off the Chain Capital and ParaFi Capital.

Saylor’s early mentor, Eric Weiss, a former Morgan Stanley banker and founder of Blockchain Investment Group, sits on Oranje’s board.

OranjeBTC’s local Bitcoin education
-----------------------------------

The company is launching an educational platform aimed at teaching shareholders and institutional investors about Bitcoin’s monetary properties — what it calls a “learning layer” for Brazil’s next generation of savers.

“We want to be an information center and help Brazilians and Latin Americans understand what money is, the role of a tangible asset, and how Bitcoin works,” Founder Guilherme Gomes [told](https://es.wired.com/articulos/oranjebtc-la-compania-brasilena-que-se-convirtio-en-la-empresa-de-america-latina-con-mayor-reserva-de-bitcoin) _WIRED en Español_ in September.

The listing was executed as a reverse IPO, with OranjeBTC merging into Intergraus, an already-listed entity on B3.

Following the transaction, roughly 85% of shares will be in free float — opening the door for both institutional and retail investors to gain direct exposure to a company whose only real product is Bitcoin accumulation.

B3 launched Bitcoin futures in 2022 and explored crypto custody services soon after.

This post [The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase](https://bitcoinmagazine.com/business/the-strategy-of-latin-america-oranjebtc-expands-holdings-with-1-94m-bitcoin-purchase) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


tags: Bitcoin Magazine Bitcoin Weekly Close at $115K After Friday’s Crash: Support at $105K Holds, But Bears Dominate Bitcoin Price Weekly Outlook I feel like a broken record saying this, but it bears repeating: Wow, what a difference a week makes! Bitcoin pulled back a little as expected early last week, but then the bears came in with a sucker punch on Friday morning as Trump’s talk of raising tariffs on China sent markets crashing down. Things escalated quickly after liquidity dried up in the afternoon to send bitcoin down to a low of $105,617 on the index price. The price action was a bit chaotic as some leveraged exchanges went as low as $102,000 and even $100,000. After the carnage was done, bitcoin had a nice bounce back up to close the week out at $115,128. The bears are still firmly in control, however, as long as the price remains below $118,350. Key Support and Resistance Levels Now The price dove deep down through all the more recent support levels last Friday, but the $105,000 support level managed to prove itself, propping up the price for the time being. Bulls will now look for this low to hold, but if it is lost, we would look down once again to the $96,000 level for support. Closing below there should certainly put an end to this bull market for the foreseeable future. We can draw a Fibonacci Retracement from the $126,219 high down to the $105,617 low, opening up a wide range of price action. The bulls can start to retake resistance levels above the 0.618 Fibonacci Retracement at $118,350, with new highs expected if bulls can close a couple of days above the 0.786 Fibonacci Retracement at $121,800. Outlook For This Week A big bounce after such a steep sell-off was to be expected, and we got that into the weekly close. So it’s hard to know what to expect going into this week. Oscillators on the daily chart are still biased bearish, but not overly so, so bulls still have a chance to save face here. Over the next few days, bulls will want to avoid closing any days below the 0.236 Fibonacci Retracement at $110,500 as that opens up the $105,000 low once again. On the flip side, bears will look to keep the price below the 0.618 Fibonacci Retracement resistance at $118,350. Getting above here flips bias back to the bulls over the short term, but they have an uphill battle to do it. We have a neutral zone between $112,000 and $118,350, with $115,630 being the divider for bullish and bearish bias within this zone. So we may see bitcoin remain stuck in this zone over the next few days. Market mood: Bearish – After an epic dump on Friday, the bulls have been left stunned. Even the bears didn’t know they could hit that hard. While price made big gains to close the week out well above the low, the bulls still have more work to do to regain control of this price action. The next few weeks Interestingly, the low price last Friday hit the lower trend line of the broadening wedge pattern on the daily chart. It is still possible that price heads all the way back up to the upper trend line of this pattern once again. However, we must still be cognizant of the fact that this broadening wedge pattern could break down as well, forming a long-term top in the market. The bulls do not want to see any daily closes below that lower trend line, as it would signal a breakdown that would likely drop into the low $80,000 range as a minimum. Getting back to the upper trend line of the broadening wedge (around $127,000) would have bulls looking for the bullish breakout of this pattern once again. The bulls will be walking on eggshells over the coming weeks. They don’t want to see any price action close to $105,000 again, and will be hard-pressed to push the price back above $122,000. Terminology Guide: Bulls/Bullish: Buyers or investors expecting the price to go higher. Bears/Bearish: Sellers or investors expecting the price to go lower. Support or support level: A level at which the price should hold for the asset, at least initially. The more touches on support, the weaker it gets and the more likely it is to fail to hold the price. Resistance or resistance level: Opposite of support. The level that is likely to reject the price, at least initially. The more touches at resistance, the weaker it gets and the more likely it is to fail to hold back the price. Fibonacci Retracements and Extensions: Ratios based on what is known as the golden ratio, a universal ratio pertaining to growth and decay cycles in nature. The golden ratio is based on the constants Phi (1.618) and phi (0.618). Broadening Wedge: A chart pattern consisting of an upper trend line acting as resistance and a lower trend line acting as support. These trend lines must diverge away from each other in order to validate the pattern. This pattern is a result of expanding price volatility, typically resulting in higher highs and lower lows. Oscillators: Technical indicators that vary over time, but typically remain within a band between set levels. Thus, they oscillate between a low level (typically representing oversold conditions) and a high level (typically representing overbought conditions). E.G., Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD). This post Bitcoin Weekly Close at $115K After Friday’s Crash: Support at $105K Holds, But Bears Dominate first appeared on Bitcoin Magazine and is written by Ethan Greene - Feral Analysis.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/tn-2.webp)
[Bitcoin Weekly Close at $115K After Friday’s Crash: Support at $105K Holds, But Bears Dominate](https://bitcoinmagazine.com/markets/bitcoin-weekly-close-at-115k-after-fridays-crash-support-at-105k-holds-but-bears-dominate)

**Bitcoin Price Weekly Outlook**
--------------------------------

I feel like a broken record saying this, but it bears repeating: Wow, what a difference a week makes! Bitcoin pulled back a little as expected early last week, but then the bears came in with a sucker punch on Friday morning as Trump’s talk of raising tariffs on China sent markets crashing down.

Things escalated quickly after liquidity dried up in the afternoon to send bitcoin down to a low of $105,617 on the index price. The price action was a bit chaotic as some leveraged exchanges went as low as $102,000 and even $100,000. After the carnage was done, bitcoin had a nice bounce back up to close the week out at $115,128. The bears are still firmly in control, however, as long as the price remains below $118,350.![](blob:https://bitcoinmagazine.com/cdee600e-7b42-4a36-8195-7af1c8ac0566 "Bitcoin Weekly Close at $115K After Friday's Crash: Support at $105K Holds, But Bears Dominate 1")

**Key Support and Resistance Levels Now**

The price dove deep down through all the more recent support levels last Friday, but the $105,000 support level managed to prove itself, propping up the price for the time being. Bulls will now look for this low to hold, but if it is lost, we would look down once again to the $96,000 level for support. Closing below there should certainly put an end to this bull market for the foreseeable future.

We can draw a Fibonacci Retracement from the $126,219 high down to the $105,617 low, opening up a wide range of price action. The bulls can start to retake resistance levels above the 0.618 Fibonacci Retracement at $118,350, with new highs expected if bulls can close a couple of days above the 0.786 Fibonacci Retracement at $121,800. ![](blob:https://bitcoinmagazine.com/fb4fc4ba-59dc-4308-94b2-8f6c8857dab2 "Bitcoin Weekly Close at $115K After Friday's Crash: Support at $105K Holds, But Bears Dominate 2")

**Outlook For This Week**

A big bounce after such a steep sell-off was to be expected, and we got that into the weekly close. So it’s hard to know what to expect going into this week. Oscillators on the daily chart are still biased bearish, but not overly so, so bulls still have a chance to save face here. Over the next few days, bulls will want to avoid closing any days below the 0.236 Fibonacci Retracement at $110,500 as that opens up the $105,000 low once again.

On the flip side, bears will look to keep the price below the 0.618 Fibonacci Retracement resistance at $118,350. Getting above here flips bias back to the bulls over the short term, but they have an uphill battle to do it. We have a neutral zone between $112,000 and $118,350, with $115,630 being the divider for bullish and bearish bias within this zone. So we may see bitcoin remain stuck in this zone over the next few days.

**Market mood:** Bearish – After an epic dump on Friday, the bulls have been left stunned. Even the bears didn’t know they could hit that hard. While price made big gains to close the week out well above the low, the bulls still have more work to do to regain control of this price action.![](blob:https://bitcoinmagazine.com/b91eefa9-e8af-4c9a-a24c-e994834fdc6a "Bitcoin Weekly Close at $115K After Friday's Crash: Support at $105K Holds, But Bears Dominate 3")

**The next few weeks
**Interestingly, the low price last Friday hit the lower trend line of the broadening wedge pattern on the daily chart. It is still possible that price heads all the way back up to the upper trend line of this pattern once again. However, we must still be cognizant of the fact that this broadening wedge pattern could break down as well, forming a long-term top in the market.

The bulls do not want to see any daily closes below that lower trend line, as it would signal a breakdown that would likely drop into the low $80,000 range as a minimum. Getting back to the upper trend line of the broadening wedge (around $127,000) would have bulls looking for the bullish breakout of this pattern once again.

The bulls will be walking on eggshells over the coming weeks. They don’t want to see any price action close to $105,000 again, and will be hard-pressed to push the price back above $122,000.

**Terminology Guide:**

**Bulls/Bullish:** Buyers or investors expecting the price to go higher.

**Bears/Bearish:** Sellers or investors expecting the price to go lower.

**Support or support level:** A level at which the price should hold for the asset, at least initially. The more touches on support, the weaker it gets and the more likely it is to fail to hold the price.

**Resistance or resistance level:** Opposite of support.  The level that is likely to reject the price, at least initially. The more touches at resistance, the weaker it gets and the more likely it is to fail to hold back the price.

**Fibonacci Retracements and Extensions:** Ratios based on what is known as the golden ratio, a universal ratio pertaining to growth and decay cycles in nature. The golden ratio is based on the constants Phi (1.618) and phi (0.618).

**Broadening Wedge:** A chart pattern consisting of an upper trend line acting as resistance and a lower trend line acting as support. These trend lines must diverge away from each other in order to validate the pattern. This pattern is a result of expanding price volatility, typically resulting in higher highs and lower lows.

**Oscillators:** Technical indicators that vary over time, but typically remain within a band between set levels. Thus, they oscillate between a low level (typically representing oversold conditions) and a high level (typically representing overbought conditions). E.G., Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD).

This post [Bitcoin Weekly Close at $115K After Friday’s Crash: Support at $105K Holds, But Bears Dominate](https://bitcoinmagazine.com/markets/bitcoin-weekly-close-at-115k-after-fridays-crash-support-at-105k-holds-but-bears-dominate) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Ethan Greene - Feral Analysis](#molongui-disabled-link).


tags: Bitcoin Magazine JPMorgan Confirms Clients Will Trade Bitcoin and Crypto JPMorgan has re-confirmed it will allow clients to trade Bitcoin and other cryptocurrencies. While the bank will not immediately offer custody services, it is expanding its blockchain initiatives and exploring how crypto fits into its broader markets strategy. Scott Lucas, JPMorgan’s global head of markets digital assets, outlined the bank’s approach in a CNBC interview, emphasizing an “and” strategy that balances existing financial infrastructure with emerging blockchain opportunities. On trading crypto, Lucas said that, “Jamie [Dimon] was pretty clear during investor day that we were going to be involved in the trading of that, but custody is not on the table at the moment,” The bank has been experimenting with deposit tokens and stablecoins, tools that enable cash-like digital assets on distributed ledgers. “Naturally, we need custodians. So we’re exploring what the right custodians for us for the business footprint of,” Lucas said. Lucas highlighted JPMorgan’s deposit token, JPMD, which is currently a prototype in the U.S., as a platform for potential client services and cash management solutions. JUST IN: JPMorgan confirms on CNBC that they will allow clients to trade #Bitcoin and crypto but not yet launch custody services pic.twitter.com/N2oYWPwwhL — Bitcoin Magazine (@BitcoinMagazine) October 13, 2025 Stablecoins remain a focus as well, though Lucas noted that any future issuance would likely be led by the bank’s payments business, rather than its markets division. Instead, JPMorgan’s trading clients can use stablecoins to execute transactions and explore new financial workflows, reflecting the bank’s interest in bridging traditional markets with blockchain-based infrastructure. Lucas also acknowledged the growing role of public blockchains in capital markets, noting that while JPMorgan maintains proprietary internal platforms, it expects an increasing share of market activity to shift toward public networks. Earlier today, JPMorgan also announced a $1.5 trillion, decade-long “Security and Resiliency Initiative” to bolster key U.S. industries, including energy, manufacturing, and defense. The bank said it would invest up to $10 billion in equity and venture capital to support domestic companies driving innovation and strategic manufacturing. JPMorgan: Bitcoin is undervalued Earlier this month, JPMorgan research suggested Bitcoin may be undervalued compared to gold, with potential upside if the “debasement trade” continues. Analysts estimated Bitcoin could reach $165,000, about 450% above current levels, based on volatility-adjusted comparisons with gold. They noted that Bitcoin is increasingly attractive relative to gold as the bitcoin-to-gold volatility ratio falls below 2.0. Earlier this year, JPMorgan Chase also was said to consider a policy to lend directly against clients’ Bitcoin and crypto holdings, marking a potential first for the bank in accepting digital assets — not ETFs — as loan collateral. Earlier in 2025, JPMorgan allowed clients to use Bitcoin ETFs as collateral and began including crypto holdings in net worth evaluations alongside traditional assets. This post JPMorgan Confirms Clients Will Trade Bitcoin and Crypto first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/JPMorgan-Confirms-Clients-Will-Trade-Bitcoin-and-Crypto.jpg)
[JPMorgan Confirms Clients Will Trade Bitcoin and Crypto](https://bitcoinmagazine.com/business/jpmorgan-confirms-clients-will-trade-bitcoin-and-crypto)

JPMorgan has re-confirmed it will allow clients to trade Bitcoin and other cryptocurrencies.

While the bank will not immediately offer custody services, it is expanding its blockchain initiatives and exploring how crypto fits into its broader markets strategy.

Scott Lucas, JPMorgan’s global head of markets digital assets, [outlined](https://www.cnbc.com/video/2025/10/13/jpmorgan-on-stablecoins-and-crypto-custody.html) the bank’s approach in a CNBC interview, emphasizing an “and” strategy that balances existing financial infrastructure with emerging blockchain opportunities.

On trading crypto, Lucas said that, “Jamie \[Dimon\] was pretty clear during investor day that we were going to be involved in the trading of that, but custody is not on the table at the moment,”

The bank has been experimenting with deposit tokens and stablecoins, tools that enable cash-like digital assets on distributed ledgers.

“Naturally, we need custodians. So we’re exploring what the right custodians for us for the business footprint of,” Lucas said.

Lucas highlighted JPMorgan’s deposit token, [JPMD](https://www.jpmorgan.com/kinexys/content-hub/deposit-tokens), which is currently a prototype in the U.S., as a platform for potential client services and cash management solutions.

> JUST IN: JPMorgan confirms on CNBC that they will allow clients to trade [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) and crypto but not yet launch custody services ![👀](https://s.w.org/images/core/emoji/16.0.1/72x72/1f440.png) [pic.twitter.com/N2oYWPwwhL](https://t.co/N2oYWPwwhL)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 13, 2025](https://twitter.com/BitcoinMagazine/status/1977774853781647731?ref_src=twsrc%5Etfw)

Stablecoins remain a focus as well, though Lucas noted that any future issuance would likely be led by the bank’s payments business, rather than its markets division.

Instead, JPMorgan’s trading clients can use stablecoins to execute transactions and explore new financial workflows, reflecting the bank’s interest in bridging traditional markets with blockchain-based infrastructure.

Lucas also acknowledged the growing role of public blockchains in capital markets, noting that while JPMorgan maintains proprietary internal platforms, it expects an increasing share of market activity to shift toward public networks.

Earlier today, JPMorgan also [announced](https://www.gurufocus.com/news/3140843/jpmorgan-chase-unveils-10-billion-investment-plan-to-boost-strategic-us-industries) a $1.5 trillion, decade-long “Security and Resiliency Initiative” to bolster key U.S. industries, including energy, manufacturing, and defense.

The bank [said](https://www.reuters.com/business/finance/jpmorgan-unveils-15-trillion-plan-boost-investments-us-strategic-industries-2025-10-13/) it would invest up to $10 billion in equity and venture capital to support domestic companies driving innovation and strategic manufacturing.

JPMorgan: Bitcoin is undervalued
--------------------------------

Earlier this month, JPMorgan research [suggested](https://bitcoinmagazine.com/markets/jpmorgan-says-bitcoin-price-undervalued) Bitcoin may be undervalued compared to gold, with potential upside if the “debasement trade” continues. Analysts estimated Bitcoin could reach $165,000, about 450% above current levels, based on volatility-adjusted comparisons with gold.

They noted that Bitcoin is increasingly attractive relative to gold as the bitcoin-to-gold volatility ratio falls below 2.0.

Earlier this year, JPMorgan Chase [also was said to consider](https://bitcoinmagazine.com/news/jpmorgan-considers-bitcoin%E2%80%91secured-lending) a policy to lend directly against clients’ Bitcoin and crypto holdings, marking a potential first for the bank in accepting digital assets — not ETFs — as loan collateral.

Earlier in 2025, JPMorgan allowed clients to use Bitcoin ETFs as collateral and began including crypto holdings in net worth evaluations alongside traditional assets.

This post [JPMorgan Confirms Clients Will Trade Bitcoin and Crypto](https://bitcoinmagazine.com/business/jpmorgan-confirms-clients-will-trade-bitcoin-and-crypto) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


RSS-to-Nostr of Nature

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tags: Luke Thomas shows how AI agents and Bitcoin treasuries give startups unbounded leverage and force smarter capital allocation.

content:
Key Takeaways
-------------

![TFTC - The AI Boom Will Change Bitcoin Forever! Expert Explains How | Luke Thomas](https://www.tftc.io/content/images/2025/10/Luke-Thomas.jpg)

Marty sat down with Luke Thomas, founder of [Formable.ai](https://formable.ai/?ref=tftc.io), who argues that AI and Bitcoin together represent a once-in-a-generation shift in how businesses form, operate, and scale. He frames AI as “unbounded leverage,” where startups can achieve outsized results with far fewer resources, while Bitcoin serves as a financial foundation that forces founders to think more carefully about capital allocation. Startups that embrace AI agents as digital co-workers can move faster than incumbents weighed down by tech debt, rigid structures, and resistant employees. Meanwhile, Bitcoin rewires treasury management, creating a new “hurdle rate” for profitable businesses: outperform Bitcoin or risk irrelevance. Luke emphasizes that small businesses have the greatest advantage, since they can adopt AI and Bitcoin without bureaucratic baggage, enabling new models of growth and capital preservation in a chaotic, shifting landscape.

Best Quotes
-----------

“We actually want to beat the hurdle rate. We want to beat the Bitcoin appreciation rate. If we don’t, we’re cooked.”

“AI agents are like little digital employees… they can contain a bunch of information about your business and do the job better than a human, because the agent doesn’t forget.”

“Most businesses sprinkle AI on top of old systems. Startups can rebuild from scratch and harness unbounded leverage.”

“Holding even a little Bitcoin on your balance sheet is like hiring a coach, it rewires how you think about building a business.”

“The number one benefit of a Bitcoin treasury isn’t price appreciation, it’s that it makes you a better founder.”

Conclusion
----------

This conversation highlights how AI and Bitcoin together are reshaping the future of business. AI delivers unprecedented productivity through digital co-workers, while Bitcoin disciplines capital allocation and provides a hedge against fiat debasement. Incumbents struggle under old-world structures, but startups that embrace these technologies gain an edge in speed, adaptability, and financial resilience. For Luke, the combination of AI’s unbounded leverage and Bitcoin’s financial foundation marks a paradigm shift: the businesses that adapt will thrive, while those that cling to legacy systems will fade.

Timestamps
----------

0:00 - Intro
0:45 - Luke’s Background
7:11 - Unbounded leverage, AI adoption struggle
13:54 - Osbcura & Bitkey
15:39 - AI evolution retrospective
22:59 - AI agents
30:05 - SLNT & Unchained
31:37 - AI disruption of incumbents
38:41 - Bureaucratic roadblocks
41:59 - AI arms race
51:22 - Product design and UX
55:31 - Building at Formable
1:01:50 - AI-first, decentralization
1:05:50 - Navigating hype
1:12:01 - AI at TFTC
1:20:32 - Bitcoin in the AI strategy
1:29:01 - Adoption timeline for Bitcoin treasuries

Transcript
----------

(00:00) When you're able to store your capital in a better way, are you going to hire that super senior leader that wants a ton of money and may not work out? Or you could just shovel that into Bitcoin. I think that it's going to be a wonderful thing for businesses. We actually want to beat the hurdle rate. We want to beat the Bitcoin appreciation rate. If we don't, we're cooked.
(00:19) These startups that come out of nowhere and it's like, hey, we went from 0 to 100 million in like 8 months. No one's ever seen that before. You don't see a lot of it in the news. You will see more of it. We live in an age where there's kind of this like concept of like unbounded leverage. Your balance sheet is clearly an area where there needs to be some amount of leverage as well.
(00:35) We're only starting to see the beginning in the decade plus I've been in tech. This is easily the biggest shift I've ever seen. Luke, this is uh a great pleasure for me. I've been waiting for this this episode for I think years now. Well, uh I'm definitely excited to be here and uh to all your listeners, I'm sorry.
(01:01) Uh there'll be lots of rants, lots of uh lots of uh unhinged maybe unhinged thoughts. Um but I'm really excited to be here. Well, you've had an open invite to the show for I think at least two years now, and you said you've been saying for two years, when the time's right, and I feel like I have something to say, I will let you know. And that happened a couple weeks ago, and here we are.
(01:25) um thinking of how to start off this episode. I think it's important for the audience to get context. Luke has been uh somebody who's helped me immensely behind the scenes here at TFTC think about thinking about how to position uh the brand and how to increase our SEO. Not only that, how to lean into this AI revolution.
(01:47) And I think just to start off the conversations, get a little history of your career, what you've built, where you've worked, what you're working on now, and what people may may learn if they stick around for the whole episode. Yeah, sure. So, I'll do my best to keep it short. Um, yeah. So, a little bit about me. Um, I grew up in the middle of nowhere in Maine.
(02:10) Uh, up until, uh, when I first went to college, I had always lived on a dirt road. Um, I grew up in a uh small town um in uh in central Maine. It was about 800 people. I think half of the town was on some form of general assistance. Um I was homeschooled growing up. Um I uh attended, yeah, a mixture of homeschooling, private schooling. Um in high school, I ended up getting into web design.
(02:36) Um because I wanted to customize my MySpace profile. I thought it would be cool and maybe uh maybe more girls would talk to me. Um and so uh so that's what I did. I ended up uh basically devoting call it half of day. So I would homeschool for half of the day and then for like the other half of the day I would go to what's called a vocational technical school.
(03:00) Um and uh you know I was in a class with a bunch of kids that wanted to create video games. And I thought web design was cool and I thought maybe there's something there. Little did I know that it would basically influence the rest of my life to date. Um, and so yeah, in high school I kind of learned how to code very uh I wasn't very good at it, but I started creating websites for, you know, small businesses. I ended up um graduating.
(03:24) I I went to school one year in Boston because I thought sports management be would be really fun. Turns out that spending, you know, tens of thousands of dollars a year for fizzed classes probably wasn't the best idea. So I ended up uh uh going to school for marketing and uh paid my way through school.
(03:44) Um kind of did the consulting thing, ended up graduating college uh and wanted to join the startup thing. And so um long story short, my wife and I the second we graduated, we moved um to Boston. I started working in early stage tech companies. I originally joined as an engineer. Um quickly realized I wasn't good at writing code.
(04:03) Uh but I I always viewed uh writing code as a means to an end. For me it was like I loved the uh to grow businesses. And so I ended up uh kind of falling into this uh industry called like growth um which is you know how to think about marketing through a programmatic um lens like a programmer would. And anyway, did that for a few years.
(04:28) Um, you know, learned SEO, learned a bunch of, you know, internet marketing techniques and ended up falling down the product rabbit hole largely because, you know, when you build, uh, when you're building like a startup that is, you know, uh, like a digital product, um, a lot of the growth work, so to speak, that you do ends up actually being product work.
(04:46) It's like how can you create a product where these these like flywheels that help you grow at a low cost. So, you know, for those are who are familiar with like Dropbox, right? It's like people sign up for Dropbox, they get free space. If you want more free space, you share it with a friend. I became very obsessed with that. Um, and ended up doing that for a while.
(05:03) Um, in 2019, I decided to make the plunge, decided to start a remote work um, software company. I saw a bunch of these um, you know, fully distributed companies building their own like internet is the best way of describing it. um Zapier and Stripe and all these kind of well-known uh remote companies had kind of hand rolled their own systems.
(05:26) So I started that and then six months later COVID hit um and so we experienced a lot of growth. Uh I did that for about two years but I ended up shutting the business down because I didn't see a clear path to scaling um on the revenue side in particular. So I ended up joining Zapier for about three years and uh went super deep there on AI and automation. And so yeah, in many ways a culmination of um what you know your listeners will probably hear is like maybe a little bit more of a deeper dive on AI, what it looks like um how it's changing things.
(05:56) Um I also uh left uh about two months ago and I'm I started a new company called Formable. We basically are making it easy for businesses to respond to inbound leads way faster. And so for a lot of businesses, um, you have a contact form on your website. When someone fills it out, they usually have a high level of intent. You want to get back to them as fast as you can.
(06:15) Well, we're building simple and easy to use tools that make it easy for businesses to get back to their c potential customers way faster using AI and automation and a better um data collection or form uh experience. So longterm though, we we want to build kind of a a new school uh marketing automation platform, which is just like making it easy for businesses of all shapes and sizes to um market in a way where you're leveraging AI as much as p


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tags: Bitcoin Magazine ‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters. The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum. Nearly 49,000 votes were cast, with 53% in favor. However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted. Vitalik Buterin, Ethereum co-founder, defended Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.” The company’s relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak ‘n Shake reported a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners’ patronage. Steak ‘n Shake will also be launching the “Bitcoin Steakburger” on Oct. 16 to celebrate the company’s adoption of Bitcoin. Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk. – Steaktoshi https://t.co/4RkASUVa8L — Steak 'n Shake (@SteaknShake) October 12, 2025 Several vocal Bitcoin advocates expressed disappointment at the poll. Adam Simecka, creator of the Bitcoin self-custody wallet Manna, warned, “I promise, if you accept ETH, I will never eat at your restaurant again.” After the reversal, Manna then went on to offer a free Steak ‘n Shake meal to one of their followers. Steak ‘n Shake saved money with Bitcoin payments Back in May, Steak ‘n Shake executive Dan Edwards said that transactions were already exceeding expectations and accounting for 1 in every 500 Bitcoin payments worldwide on launch day. The move reportedly saved the company 50% on processing fees and is viewed as a serious upgrade to payment options rather than a marketing stunt. The company uses the Lightning Network across all U.S. locations, allowing customers to pay for meals with fast, low-fee BTC transactions. Payments can be completed by scanning a Lightning QR code at checkout, with a backend processor converting Bitcoin to USD in real time, ensuring simplicity and stability. The rollout was a full-scale implementation, not a test. You can pay with bitcoin at Steak ‘n Shake today. This post ‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/05/Steak-n-Shake-Now-Accepting-Bitcoin-via-Lightning-Network-Across-U.S.-Locations.jpg)
[‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea](https://bitcoinmagazine.com/business/our-allegiance-is-with-bitcoiners-steak-n-shake-scraps-ethereum-payment-idea)

American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters.

The 90-year-old chain, which [began accepting](https://bitcoinmagazine.com/news/steak-n-shake-will-accept-bitcoin-payments-in-all-u-s-locations-starting-next-week) Bitcoin (BTC) in May, [ran a poll](https://x.com/SteaknShake/status/1977130885817548857) on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum.

Nearly 49,000 votes were cast, with 53% in favor.

However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake [posted](https://x.com/SteaknShake/status/1977195903749652808).

Vitalik Buterin, Ethereum co-founder, [defended](https://x.com/VitalikButerin/status/1977229514477650163) Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.”

The company’s relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak ‘n Shake [reported](https://x.com/SteaknShake/status/1976125910760722466) a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners’ patronage.

Steak ‘n Shake [will also be launching](https://cointelegraph.com/news/steak-n-shake-u-turns-eth-payments) the “Bitcoin Steakburger” on Oct. 16 to celebrate the company’s adoption of Bitcoin.

> Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk.
>
> – Steaktoshi [https://t.co/4RkASUVa8L](https://t.co/4RkASUVa8L)
>
> — Steak 'n Shake (@SteaknShake) [October 12, 2025](https://twitter.com/SteaknShake/status/1977195903749652808?ref_src=twsrc%5Etfw)

Several vocal Bitcoin advocates expressed disappointment at the poll.

Adam Simecka, creator of the Bitcoin self-custody wallet Manna, [warned](https://x.com/AdamSimecka/status/1977149575741030583), “I promise, if you accept ETH, I will never eat at your restaurant again.” After the reversal, Manna then went on to offer a free Steak ‘n Shake meal to one of their followers.

Steak ‘n Shake saved money with Bitcoin payments
------------------------------------------------

Back in May, Steak ‘n Shake executive Dan Edwards [said](https://bitcoinmagazine.com/news/steak-n-shake-reveals-bitcoin-payment-success-at-bitcoin-2025-conference) that transactions were already exceeding expectations and accounting for 1 in every 500 Bitcoin payments worldwide on launch day.

The move reportedly saved the company 50% on processing fees and is viewed as a serious upgrade to payment options rather than a marketing stunt.

The company [uses the Lightning Network](https://bitcoinmagazine.com/news/steak-n-shake-now-accepting-bitcoin-via-lightning-network-across-u-s-locations) across all U.S. locations, allowing customers to pay for meals with fast, low-fee BTC transactions.

Payments can be completed by scanning a Lightning QR code at checkout, with a backend processor converting Bitcoin to USD in real time, ensuring simplicity and stability. The rollout was a full-scale implementation, not a test.

You can pay with bitcoin at Steak ‘n Shake today.

This post [‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea](https://bitcoinmagazine.com/business/our-allegiance-is-with-bitcoiners-steak-n-shake-scraps-ethereum-payment-idea)  first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).


tags: Bitcoin Magazine Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push Citi is reportedly preparing to roll out a crypto custody service by 2026, joining a growing list of Wall Street institutions expanding into bitcoin and other assets due to a friendlier U.S. regulatory climate. Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, told CNBC the bank has been developing its custody offering for over two years and plans to bring it to market “in the next few quarters.” The service would allow Citi to hold native bitcoin and other crypto on behalf of clients, a significant move for one of the world’s largest custodians of traditional financial assets. “We may have certain solutions that are completely designed and built in-house that are targeted towards certain assets and certain segment of our clients, whereas may we may use a third party, lightweight, nimble solution for other kind of assets,” Chatterjee told CNBC. Earlier this month, Citigroup analysts issued a bullish 12-month outlook for bitcoin, setting a target of $181,000 and revising their year-end forecast to $132,000. They cited strong inflows of around $7.5 billion and rising institutional demand. The analysts said they were more positive on bitcoin than ethereum, noting that bitcoin was capturing most of the new capital entering crypto markets and that a supportive U.S. regulatory backdrop could help sustain momentum into 2026. JUST IN: Wall Street giant Citi bank to launch #Bitcoin and crypto custody services in 2026 — CNBC pic.twitter.com/awPWDITXkx — Bitcoin Magazine (@BitcoinMagazine) October 13, 2025 Banking and holding custody of digital assets Custody — the safekeeping of client assets — is considered one of the most crucial and challenging aspects of institutional crypto adoption. Just today, JPMorgan said they would not directly hold their clients’ crypto. While specialist firms like Anchorage and BitGo have dominated the space, large banks see an opening to offer regulated alternatives backed by decades of experience safeguarding securities. Citi’s crypto embrace comes as Washington has taken steps to provide clearer rules for digital assets through measures such as the GENIUS Act, giving major financial institutions confidence to develop crypto-related products. Citi’s exploration of custody runs parallel to its broader blockchain efforts, including Citi Token Services, which enables real-time cross-border payments using tokenized deposits. The bank is also studying stablecoins — digital tokens typically backed by fiat currency — as tools for global trade and payments in regions with less-developed banking systems. Other banks are advancing similar initiatives As mentioned earlier, JPMorgan recently unveiled plans for a deposit token, while Bank of America is reportedly developing a stablecoin product. This post Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

content:
[Bitcoin Magazine](https://bitcoinmagazine.com)
![](https://bitcoinmagazine.com/wp-content/uploads/2025/10/Citi-to-Launch-Crypto-Custody-Service-in-2026.jpg)
[Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push](https://bitcoinmagazine.com/business/citi-to-launch-crypto-custody-service-in-2026-as-wall-street-deepens-bitcoin-push)

Citi is reportedly preparing to roll out a crypto custody service by 2026, joining a growing list of Wall Street institutions expanding into bitcoin and other assets due to a friendlier U.S. regulatory climate.

Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, [told CNBC](https://www.cnbc.com/2025/10/13/citi-aims-to-launch-crypto-custody-in-2026-exploring-stablecoin.html) the bank has been developing its custody offering for over two years and plans to bring it to market “in the next few quarters.”

The service would allow Citi to hold native bitcoin and other crypto on behalf of clients, a significant move for one of the world’s largest custodians of traditional financial assets.

“We may have certain solutions that are completely designed and built in-house that are targeted towards certain assets and certain segment of our clients, whereas may we may use a third party, lightweight, nimble solution for other kind of assets,” Chatterjee told CNBC.

Earlier this month, Citigroup analysts [issued](https://bitcoinmagazine.com/markets/bitcoin-price-flirts-with-120000-as-citi-gives-strong-bitcoin-price-target) a bullish 12-month outlook for bitcoin, setting a target of $181,000 and revising their year-end forecast to $132,000. They cited strong inflows of around $7.5 billion and rising institutional demand.

The analysts said they were more positive on bitcoin than ethereum, noting that bitcoin was capturing most of the new capital entering crypto markets and that a supportive U.S. regulatory backdrop could help sustain momentum into 2026.

> JUST IN: Wall Street giant Citi bank to launch [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) and crypto custody services in 2026 — CNBC ![🙌](https://s.w.org/images/core/emoji/16.0.1/72x72/1f64c.png) [pic.twitter.com/awPWDITXkx](https://t.co/awPWDITXkx)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 13, 2025](https://twitter.com/BitcoinMagazine/status/1977805211185127479?ref_src=twsrc%5Etfw)

Banking and holding custody of digital assets
---------------------------------------------

Custody — the safekeeping of client assets — is considered one of the most crucial and challenging aspects of institutional crypto adoption. Just today, JPMorgan [said](https://bitcoinmagazine.com/business/jpmorgan-confirms-clients-will-trade-bitcoin-and-crypto) they would not directly hold their clients’ crypto.

While specialist firms like Anchorage and BitGo have dominated the space, large banks see an opening to offer regulated alternatives backed by decades of experience safeguarding securities.

Citi’s crypto embrace comes as Washington [has taken steps to provide clearer rules](https://bitcoinmagazine.com/news/trump-signs-genius-act-into-law-will-make-america-the-crypto-capital-of-the-world) for digital assets through measures such as the GENIUS Act, giving major financial institutions confidence to develop crypto-related products.

Citi’s exploration of custody runs parallel to its broader blockchain efforts, including _Citi Token Services_, which enables real-time cross-border payments using tokenized deposits.

 The bank is also studying stablecoins — digital tokens typically backed by fiat currency — as tools for global trade and payments in regions with less-developed banking systems.

Other banks are advancing similar initiatives As mentioned earlier, JPMorgan [recently unveiled](https://bitcoinmagazine.com/business/jpmorgan-confirms-clients-will-trade-bitcoin-and-crypto) plans for a deposit token, while Bank of America is reportedly developing a stablecoin product.

This post [Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push](https://bitcoinmagazine.com/business/citi-to-launch-crypto-custody-service-in-2026-as-wall-street-deepens-bitcoin-push)  first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).