Marty's Bent
------------

[![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/Screenshot-2025-10-10-at-9.33.03---AM.png)](https://x.com/MartyBent/status/1976362149951005172?ref=tftc.io)

via [me](https://x.com/MartyBent/status/1976362149951005172?ref=tftc.io)

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/martybent_tesla_CEO_Elon_Musk_standing_next_to_a_money_printer__7080d386-4cdd-4c6c-baf8-a76c57ecbddb.png)

The tweet I quoted by Nikita Bier was making the rounds on Twitter last week. He was perplexed by the notion that bitcoin and gold prices have been rallying as individuals and institutions alike move their capital in preparation for a multi-polar world that will bring with it higher rates of inflation as governments and central banks turn to printing money and high fiscal deficits to paper over the problems they've created over the last five decades. How can bitcoin and gold buyers not see that AI is here, it's going to take over the world and it's going to be deflationary?!

The irony of the tweet is mind boggling when you consider the fact that a good portion of the stimulus and fiscal deficits described above will be driven by the desire to win the global AI arms race. Governments are going to issue debt, monetize existing debt, and subsidize the build out of grid infrastructure, data centers and on-shoring critical manufacturing capabilities. All of this will be inflationary. The end result may be that we can ping an LLM to do some deep research on a relatively complex subject and it will provide us with an extremely detailed report in minutes for a few cents. And yes, in the long-run, if these AI models continue to live up to the hype, may ultimately replace white collar jobs that cost companies hundreds of thousands of dollars a year. However, the additional productivity gains will be soundly overwhelmed by the amount of money printing that enables them in the first place.

How do I know this is the case? Because it has always been the case. The other ironic thing about Nikita's tweet is that he seems to be completely oblivious to the fact that tech has always been deflationary and we have witnessed awe inspiring levels of tech deflation over the course of centuries. Here's a picture of the first ever computer that was built by the US Army.

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/Electronic-Numerical-Integrator-And-Computer.png)

The ENIAC

And here's some information about how big it was, how much computation it could handle, and how much it cost to make.

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/Screenshot-2025-10-13-at-9.42.04---PM.png)

via [simslifecycle.com](https://www.simslifecycle.com/blog/2022/the-journey-of-eniac-the-worlds-first-computer/?ref=tftc.io)

In today's inflation-adjusted dollars, it cost the US Army ~$8,000,000 to build this absolute unity in 1946. The ENIAC wouldn't be recognized as a computer by people living today. It would seem too dumb because computers have the luxury of using computers that are _checks notes_ **100 million to 1 billion** times faster than the ENIAC.

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/Screenshot-2025-10-13-at-9.43.21---PM.png)

via my LLM slave

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/image-1.png)

I bought a Mac Book a few weeks ago and it cost $1,000, or 0.0125% the cost of the ENIAC. That's insanely deflationary. And despite this incredible tech deflation, the cost of living has consistently risen over the course of my life and has been accelerating in recent years. The money printer is orders of magnitude stronger than the forces of tech-driven deflation. AI is not going to change that.

This chart was popular many years ago and it really drives home the problem. (I'd love to see this chart updated through the COVID years. I imagine it looks much worse.)

![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/image.png)

Money printing perturbs capital allocation. When money is printed, it has to go somewhere. As you can see from the chart, the last 27 years has seen a flow of money from the monetary spigots into the market, which has driven up the costs for things that are deemed essential to life in 2025. Medical care, housing, education, food, and childcare. Saving some money on your big screen TV, smartphone and video games is nice, but it doesn't save you enough to be able to weather the forces of price increases in the highest ticket items that are essential to maintaining a life of dignity.

Tech deflation is certainly real, and it is certainly incredible for humanity. Unfortunately, humanity is not able to reap the full benefits of tech deflation because people are forced to fight the powerful forces of monetary inflation. If we want to live in a society where everyone has an exponentially higher chance of leading an extremely high quality life in which they can reap the full benefits offered by advances in technology, tech deflation needs to be paired with a deflationary money like bitcoin. As technology makes us more productive, expands the spectrum of potential goods and services that can be brought to the market relatively cheaply and pushes humanity forward, people should be able to buy more for less and save their excess productivity in a money that works for them, not against them.

Until then, all of the tech deflation we see in the market will be bitter sweet. We're advancing tremendously, but not everyone sees their quality of life advancing. They experience the exact opposite.

For some reason, it seems that most people in Silicon Valley do not understand this simple truth.

* * *

### Retail Investors Won't Drive Bitcoin's 2025 Rally Like They Did in 2017 and 2021

James Check raised a sobering observation about this market cycle: retail investors may not return with the fervor we saw in 2017 and 2021. The simple reality is that everyday Americans don't have the capital anymore. While institutions quietly accumulate Bitcoin through ETFs and sophisticated derivatives, regular people are drowning in rising costs. Health insurance premiums are spiking 25-60% across the country during this enrollment period. Germany just announced plans to raise retirement age to 72, with similar discussions happening here at 67. The quality of life for those without financial assets has deteriorated dramatically as real costs explode while wages stagnate.

> "I don't think retail has the money. I don't think they have the money to come." - [James Check](https://twitter.com/_Checkmatey_?ref=tftc.io)

This cycle is fundamentally different. The mania phase driven by retail FOMO may not materialize because retail simply lacks disposable income for speculative investments. Instead, we're witnessing something more profound: institutional recognition of Bitcoin's role in the debasement trade. While this may feel less exciting than previous cycles, it represents Bitcoin's maturation into a legitimate macro asset that doesn't need retail enthusiasm to appreciate.

Check out the [full podcast here](https://www.youtube.com/watch?v=4uZW0j-sW6w&feature=youtu.be&ref=tftc.io) for more on treasury company dynamics, iBit options explosion, and the $95K floor thesis.

* * *

### Headlines of the Day

[Mara Holdings Buys 400 Bitcoin for $46.3M](https://x.com/BitcoinNewsCom/status/1977698077675757896?ref=tftc.io)

[Dubai Ruler Hails Leading Virtual Assets Market](https://x.com/BitcoinMagazine/status/1977664686754824649?ref=tftc.io)

[BlackRock CEO Views Bitcoin Like Gold Alternative](https://x.com/BitcoinMagazine/status/1977651735595499996?ref=tftc.io)

[Gold Reaches New All-Time High at $4,075](https://x.com/WatcherGuru/status/1977610193694581152?ref=tftc.io)

[Lagarde Admits Bitcoin Disrupting Financial System](https://x.com/TFTC21/status/1977346762949243139?ref=tftc.io)

* * *

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[![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/09/Reclaim-your-privacy.png)](https://slnt.com/pages/tftc?ref=tftc.io)

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* * *

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* * *

[![Silicon Valley Doesn't Understand Money](https://www.tftc.io/content/images/2025/10/D1.png)](https://unchnd.co/4nulnb8?ref=tftc.io)

[Download here](https://unchnd.co/4nulnb8?ref=tftc.io)

You k


fTDl15DL7sovY5a2wfKtMTH+ANt3EwhEwHSz1ad38MZ5ysCcOgkDAdswPtglIGeJ?iv=Vi46QGTl1qpp90FxLDeILA==


Live Science

about:
For the science geek in everyone, Live Science offers a fascinating window into the natural and technological world, delivering comprehensive and compelling news and analysis on everything from dinosaur discoveries, archaeological finds and amazing animals to health, innovation and wearable technology.

Follow to see posts from the official Live Science Flipboard profile.


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#Bitcoin is the fire and the rebirth.  http://res.cloudinary.com/df3bvpu0s/image/upload/v1753059451/aftmgxu8glbwddkmmnit.jpg


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#Bitcoin, engineered for eternity.  http://res.cloudinary.com/df3bvpu0s/image/upload/v1753502659/hy53vopovboaorysawno.jpg


The seekers of truth found their constellation: #Bitcoin  http://res.cloudinary.com/dgiwhknxf/image/upload/v1760410646/cdip8k64ezx2ni4wil9k.jpg


#今日の絶対押してはいけない
「これポストを翻訳押すとエグい」
https://x.com/amemotichoco/status/1977685436098302130


mayemuskGrok

about: Mother of @elonmusk. Thanks y'all for your love and support ❤ 🇺🇸

display_name: Maye Musk


tags: This is the result of a NIP90 DVM task with kind 5300

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tags: How Activist NGOs Have Unintentionally STALLED Progress TOWARDS Ending Gas Flaring

tags: The World Bank set an ambitious goal: eliminate nearly all gas flaring by 2030. Flaring, the burning of excess natural gas during oil extraction, is a major environmental problem, releasing millions of tons of CO2e (CO2 equivalents) in the form of methane and other toxic pollutants into the atmosphere annually. The problem is, flaring only burns 91.1% of the methane, so the other 8.9% goes unburnt directly into the atmosphere. This contributes to climate change significantly because methane is 84 times more warming over a 20 year period than CO2. In regions like the Middle East, flaring has been shown to cause more harm than previously thought, with recent studies revealing higher levels of toxic gases like benzene and sulfur dioxide (source: World Bank Global Gas Flaring Tracker, 2023). Despite the urgency, progress to end flaring has been slow. While there are many factors at play, but one of the most significant barrier is also the most overlooked: environmental NGOs themselves, specifically a small handful of the more ideologically-driven activist environmental NGOs. These organizations, while well-intentioned, have consistently criticized and undermined almost all efforts from outside commercial organizations to collaborate with oil and gas companies to reduce flaring. In this article, we’ll examine how this tendency to label such initiatives as “greenwashing,” their failure to offer viable alternatives, and their creation of an environment of fear have disincentivized other industries from partnering with oil companies to address this critical issue. The result? Flaring continues unabated and the environment, that these NGOs exist to be faithful stewards to, suffers. False positives: The harmful side-effect of calling something “greenwash” that’s not One counter-productive tendency of these NGOs has been their eagerness to label any and all collaboration with oil and gas companies as “greenwashing.” This term, which refers to superficial or misleading environmental claims, has become a catch-all critique for any effort to reduce flaring. These environmental NGO critiques are often reactive rather than analytical. For instance, when General Electric (GE) and Baker Hughes developed technologies to capture and utilize stranded gas, environmental groups like Sierra Club and Greenpeace accused them of “enabling continued fossil fuel extraction” without acknowledging the tangible emissions reductions these technologies achieved (source: Sierra Club Statement, 2020; Greenpeace International, 2020). By focusing on ideological purity rather than measurable outcomes, these NGOs have created a chilling effect, discouraging companies from pursuing innovative solutions to flaring. Incredibly, these criticisms have continued even when direct, measurable, and significant reduction of methane emissions has been the result. For example, when Crusoe Energy, a Bitcoin mining company, partnered with oil producers to convert flared gas into electricity, Jesse Simons, Deputy Director of Sierra Club’s Beyond Dirty Fuels Campaign, dismissed the initiative as “propping up the fossil fuel industry” (source: Sierra Club Press Release, 2022). Similarly, John Noël, Senior Climate Campaigner at Greenpeace USA, criticized ExxonMobil’s pilot project with Crusoe in the Permian Basin, calling it a “distraction from the urgent need to phase out fossil fuels entirely” (source: Greenpeace USA Statement, 2021). Criticism Without Solutions Another issue is the tendency of these NGOs to criticize without offering alternatives. For example, when BP partnered with Climeworks, a carbon capture company, to explore using captured methane for industrial purposes, and when Shell worked with Enerflex, a gas processing company to reduce flaring at their oilfields, Carroll Muffett, President of the Center for International Environmental Law (CIEL), accused both companies of using flaring reduction as a “public relations tool” (source: CIEL Press Release, 2021). Similarly, Friends of the Earth criticized waste-to-energy startup Ener-Core for “perpetuating the fossil fuel economy” without proposing a practical alternative for addressing stranded gas (source: Friends of the Earth Report, 2019). While it is an absolutely legitimate function of an environmental NGO to help the public understand when genuine greenwash is at play, the universal tendency across NGOs to label all collaborations with oil companies to end flaring as “greenwash” suggests strongly that there is neither analysis nor discrimination at play here on the part of these environmental NGOs, rather guilty verdict by virtue of the fact one would deign to partner with an oil company. Well, if outside organizations cannot partner with oil companies to deal with methane emissions, oil companies will continue with their own solution: flaring. The environment deserves better service than that. This pattern of criticism without constructive solutions is not only unhelpful but counterproductive. Flaring is a complex problem that requires immediate action. The International Energy Agency (IEA) estimates that oil will still account for 22% of global energy demand in 2050, even in a net-zero scenario (source: IEA Net Zero by 2050 Report, 2021). Given this reality, the choice is not between oil production and no oil production—it is between flaring/venting and utilizing the gas in a way that reduces emissions. By dismissing efforts to address flaring without offering viable alternatives, these NGOs have effectively pushed the industry toward the most environmentally harmful option: continued flaring. How an Environment of Fear Disincentivizes Collaboration Perhaps the most counterproductive consequence of these NGOs’ actions is the environment of fear they have created. Companies that might otherwise partner with oil and gas producers to reduce flaring are often deterred by the risk of reputational damage. For example, renewable energy developers like NextEra Energy and Ørsted have considered using stranded gas for power generation but faced backlash from groups like 350.org and Oil Change International. These organizations accused NextEra of “betraying its renewable energy mission” and Ørsted of “legitimizing the fossil fuel industry” (source: 350.org Press Release, 2021; Oil Change International Report, 2021). This environment of fear has stifled innovation and collaboration. Waste-to-energy startups, renewable energy developers, and even technology giants like GE and Baker Hughes have been reluctant to engage with oil and gas companies, fearing the wrath of activist NGOs. The result is a missed opportunity to reduce emissions and accelerate the transition to a cleaner energy future. Bitcoin Mining: A Pragmatic Exception In this context, Bitcoin mining has emerged as a rare exception. Companies like Crusoe Energy and Upstream Data have been willing to partner with oil producers to convert flared gas into electricity, reducing emissions and generating economic value. These initiatives have been praised by the World Economic Forum for their tangible impact on flaring reduction, even as they face criticism from some NGOs. Crusoe’s projects in North Dakota and Wyoming have reduced flaring by over 90% at partnered sites (source: Crusoe Energy Case Studies, 2023). Similarly, Upstream Data’s operations in Canada have prevented millions of tons of CO2-equivalent emissions annually (source: Upstream Data Reports, 2022). Bitcoin mining’s success in addressing flaring highlights the importance of focusing on outcomes over ideology. NGOs like Sierra Club and Greenpeace were highly criticized of these partnerships at their inception, but have not acknowledged the measurable emissions reductions they ended up achieving. Analysis before ideology For us to have any hope of working collaboratively to end flaring, it’s critical for enviromental NGOs to step up and stop crying “greenwash” without analysis, as has been their tendency, to the detriment of the environment and collaborative action. The fight against flaring is too important to be derailed by ideological purity, and there is a phrase in the environmental movement that they would do well to remember “the perfect is the enemy of the good”. While the intentions of activist NGOs are good, good intentions divorsed from nuanced thinking can and has been counterproductive to the very environmental progress they only exist to create. Their reactive criticism, lack of viable alternatives, and creation of an environment of fear have hindered progress on this critical issue. To truly address flaring, we need a new approach—one that prioritizes measurable outcomes and encourages collaboration. These critiques, while well-intentioned, are misguided. By discouraging collaboration with oil companies, these NGOs inadvertently push the industry to deal with methane emissions in the most environmentally harmful way: flaring or venting. Continued inaction is simply not an option. It’s time for environmental organizations to stop criticicing every imperfect effort to move forward, and get their own house in order. In practical terms, this means: Properly evaluating whether collaborations are greenwash, or whether they can make a measurable difference Learning to work alongside commercial operations to better understand their motivations and strategies before simply criticizing them Taking time to do their own research, including engaging with experts in the domain (something that has been conspicuous by its absent in NGOs criticisms of Bitcoin mining and other industries) Take responsibility for the fact that they have the power to aid environmental progress, but equally the power to hinder progress through criticizing they may not fully understand and which may in fact be a solution, or part of the solution. Free themselves from the trap of overzealously declaring “greenwashing” even when it’s a false positive, and focus on what really matters: working collaboratively to reduce emissions and protecting the environment.

content:
The World Bank set an ambitious goal: eliminate nearly [all gas flaring by 2030](https://www.worldbank.org/en/programs/zero-routine-flaring-by-2030). Flaring, the burning of excess natural gas during oil extraction, is a [major environmental problem](https://www.bbc.com/news/science-environment-63051458), releasing millions of tons of CO2e (CO2 equivalents) in the form of methane and other toxic pollutants into the atmosphere annually. The problem is, flaring only burns 91.1% of the methane, so the other 8.9% goes unburnt directly into the atmosphere. This contributes to climate change significantly because methane is [84 times more warming](https://www.unep.org/news-and-stories/speech/methane-action-tackling-warming-planet) over a 20 year period than CO2.

![](https://batcoinz.com/wp-content/uploads/2025/01/Screen-Shot-2025-01-28-at-9.59.33-AM-1024x679.png)

In regions like the Middle East, flaring has been shown to cause more harm than previously thought, with recent studies revealing [higher levels of toxic gases](https://www.bbc.com/news/science-environment-67522413) like benzene and sulfur dioxide (source: _World Bank Global Gas Flaring Tracker, 2023_). Despite the urgency, progress to end flaring has been slow. While there are many factors at play, but one of the most significant barrier is also the most overlooked: environmental NGOs themselves, specifically a small handful of the more ideologically-driven activist environmental NGOs.

These organizations, while well-intentioned, have consistently criticized and undermined almost all efforts from outside commercial organizations to collaborate with oil and gas companies to reduce flaring. In this article, we’ll examine how this tendency to label such initiatives as “greenwashing,” their failure to offer viable alternatives, and their creation of an environment of fear have disincentivized other industries from partnering with oil companies to address this critical issue.

The result? Flaring continues unabated and the environment, that these NGOs exist to be faithful stewards to, suffers.

* * *

### False positives: **The harmful side-effect of calling something “greenwash” that’s not**

One counter-productive tendency of these NGOs has been their eagerness to label any and all collaboration with oil and gas companies as “greenwashing.” This term, which refers to superficial or misleading environmental claims, has become a catch-all critique for any effort to reduce flaring.

These environmental NGO critiques are often reactive rather than analytical. For instance, when General Electric (GE) and Baker Hughes developed technologies to capture and utilize stranded gas, environmental groups like Sierra Club and Greenpeace accused them of “enabling continued fossil fuel extraction” without acknowledging the tangible emissions reductions these technologies achieved (source: _Sierra Club Statement, 2020_; _Greenpeace International, 2020_). By focusing on ideological purity rather than measurable outcomes, these NGOs have created a chilling effect, discouraging companies from pursuing innovative solutions to flaring.

Incredibly, these criticisms have continued even when direct, measurable, and significant reduction of methane emissions has been the result. For example, when Crusoe Energy, a Bitcoin mining company, partnered with oil producers to convert flared gas into electricity, Jesse Simons, Deputy Director of Sierra Club’s Beyond Dirty Fuels Campaign, dismissed the initiative as “propping up the fossil fuel industry” (source: _Sierra Club Press Release, 2022_). Similarly, John Noël, Senior Climate Campaigner at Greenpeace USA, criticized ExxonMobil’s pilot project with Crusoe in the Permian Basin, calling it a “distraction from the urgent need to phase out fossil fuels entirely” (source: _Greenpeace USA Statement, 2021_).

* * *

### **Criticism Without Solutions**

Another issue is the tendency of these NGOs to criticize without offering alternatives. For example, when BP partnered with Climeworks, a carbon capture company, to explore using captured methane for industrial purposes, and when Shell worked with Enerflex, a gas processing company to reduce flaring at their oilfields, Carroll Muffett, President of the Center for International Environmental Law (CIEL), accused both companies of using flaring reduction as a “public relations tool” (source: _CIEL Press Release, 2021_). Similarly, Friends of the Earth criticized waste-to-energy startup Ener-Core for “perpetuating the fossil fuel economy” without proposing a practical alternative for addressing stranded gas (source: _Friends of the Earth Report, 2019_).

While it is an absolutely legitimate function of an environmental NGO to help the public understand when genuine greenwash is at play, the universal tendency across NGOs to label all collaborations with oil companies to end flaring as “greenwash” suggests strongly that there is neither analysis nor discrimination at play here on the part of these environmental NGOs, rather guilty verdict by virtue of the fact one would deign to partner with an oil company. Well, if outside organizations cannot partner with oil companies to deal with methane emissions, oil companies will continue with their own solution: flaring. The environment deserves better service than that.

This pattern of criticism without constructive solutions is not only unhelpful but counterproductive. Flaring is a complex problem that requires immediate action. The International Energy Agency (IEA) estimates that oil will still account for 22% of global energy demand in 2050, even in a net-zero scenario (source: _IEA Net Zero by 2050 Report, 2021_). Given this reality, the choice is not between oil production and no oil production—it is between flaring/venting and utilizing the gas in a way that reduces emissions. By dismissing efforts to address flaring without offering viable alternatives, these NGOs have effectively pushed the industry toward the most environmentally harmful option: continued flaring.

* * *

### **How an Environment of Fear Disincentivizes Collaboration**

Perhaps the most counterproductive consequence of these NGOs’ actions is the environment of fear they have created. Companies that might otherwise partner with oil and gas producers to reduce flaring are often deterred by the risk of reputational damage. For example, renewable energy developers like NextEra Energy and Ørsted have considered using stranded gas for power generation but faced backlash from groups like 350.org and Oil Change International. These organizations accused NextEra of “betraying its renewable energy mission” and Ørsted of “legitimizing the fossil fuel industry” (source: _350.org Press Release, 2021_; _Oil Change International Report, 2021_).

This environment of fear has stifled innovation and collaboration. Waste-to-energy startups, renewable energy developers, and even technology giants like GE and Baker Hughes have been reluctant to engage with oil and gas companies, fearing the wrath of activist NGOs. The result is a missed opportunity to reduce emissions and accelerate the transition to a cleaner energy future.

* * *

### **Bitcoin Mining: A Pragmatic Exception**

In this context, Bitcoin mining has emerged as a rare exception. Companies like Crusoe Energy and Upstream Data have been willing to partner with oil producers to convert flared gas into electricity, reducing emissions and generating economic value. These initiatives have been [praised by the World Economic Forum](https://www.weforum.org/videos/this-start-up-catches-waste-methane-to-power-data-centres/) for their tangible impact on flaring reduction, even as they face criticism from some NGOs. Crusoe’s projects in North Dakota and Wyoming have reduced flaring by over 90% at partnered sites (source: _Crusoe Energy Case Studies, 2023_). Similarly, Upstream Data’s operations in Canada have prevented millions of tons of CO2-equivalent emissions annually (source: _Upstream Data Reports, 2022_).

Bitcoin mining’s success in addressing flaring highlights the importance of focusing on outcomes over ideology. NGOs like Sierra Club and Greenpeace were highly criticized of these partnerships at their inception, but have not acknowledged the measurable emissions reductions they ended up achieving.

* * *

### **Analysis before ideology**

For us to have any hope of working collaboratively to end flaring, it’s critical for enviromental NGOs to step up and stop crying “greenwash” without analysis, as has been their tendency, to the detriment of the environment and collaborative action. The fight against flaring is too important to be derailed by ideological purity, and there is a phrase in the environmental movement that they would do well to remember “the perfect is the enemy of the good”.

While the intentions of activist NGOs are good, good intentions divorsed from nuanced thinking can and has been counterproductive to the very environmental progress they only exist to create. Their reactive criticism, lack of viable alternatives, and creation of an environment of fear have hindered progress on this critical issue. To truly address flaring, we need a new approach—one that prioritizes measurable outcomes and encourages collaboration.

These critiques, while well-intentioned, are misguided. By discouraging collaboration with oil companies, these NGOs inadvertently push the industry to deal with methane emissions in the most environmentally harmful way: flaring or venting.

Continued inaction is simply not an option. It’s time for environmental organizations to stop criticicing every imperfect effort to move forward, and get their own house in order. In practical terms, this means:

1.  Properly evaluating whether collaborations are greenwash, or whether they can make a measurable difference
2.  Learning to work alongside commercial operations to better understand their motivations and strategies before simply criticizing them
3.  Taki


![Patriot Act 2.0](https://www.discreetlog.com/content/images/2023/03/restrictact.webp)

The newly proposed RESTRICT ACT - is being advertised as a TikTok Ban, but is much broader than that, carries a $1M Fine and up to 20 years in prison! It is unconstitutional and would create massive legal restrictions on the open source movement and free speech throughout the internet.

The [Bill](https://www.warner.senate.gov/public/_cache/files/3/f/3f2eaae6-09ad-49e1-b254-46289cf20cca/843D73B1823EA0D4122B4365262410D6.restrict-act-final-text.pdf?ref=discreetlog.com) was proposed by: Senator Warner, Senator Thune, Senator Baldwin, Senator Fischer, Senator Manchin, Senator Moran, Senator Bennet, Senator Sullivan, Senator Gillibrand, Senator Collins, Senator Heinrich, and Senator Romney. It has broad support across Senators of both parties.

Corrupt politicians will not protect us. They are part of the problem. We must build, support, and learn how to use censorship resistant tools in order to defend our natural rights.

> The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary targets of this legislation are companies like Tik-Tok, the language of the bill could potentially be used to block or disrupt cryptocurrency transactions and, in extreme cases, block Americans’ access to open source tools or protocols like Bitcoin.

> The Act creates a redundant regime paralleling OFAC without clear justification, it significantly limits the ability for injured parties to challenge actions raising due process concerns, and unlike OFAC it lacks any carve-out for protected speech. [COINCENTER ON THE RESTRICT ACT](https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/?ref=discreetlog.com)

[**Full Text of Bill**](https://www.warner.senate.gov/public/_cache/files/3/f/3f2eaae6-09ad-49e1-b254-46289cf20cca/843D73B1823EA0D4122B4365262410D6.restrict-act-final-text.pdf?ref=discreetlog.com)

* * *

_**If you found this post helpful support my work with [bitcoin](https://geyser.fund/project/citadel?ref=discreetlog.com).**_

![Patriot Act 2.0](https://werunbtc.com/donate.png)


Zihvbh9HaV6Szsf83w4NDoB155Kh+kxsZo338/0jqopmUeWnfBPSV0ZK3VWO7P8y?iv=gVSbKn98jDoRPoELwdchIg==


GM & PV 🫂


CVBOVqJ1Y5TZa446mU9ANBd6o3WbA30a0x1gmywNLCgOzy8ohBx2ag1vraXdRPPM?iv=QoafostKS9CbOIX6YO/etA==


> ![Money Without Trust](https://www.discreetlog.com/content/images/2023/03/rdogs.webp)
>
> Bank run on every crypto bank then bank run on every "real" bank.
>
> — ODELL (@ODELL) [December 14, 2022](https://twitter.com/ODELL/status/1602838429447999491?ref_src=twsrc%5Etfw&ref=discreetlog.com)

The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Prime Trust does not custody funds themselves but rather maintains deposit accounts at BMO Harris Bank, Cross River, Lexicon Bank, MVB Bank, and Signature Bank. Silvergate and Silicon Valley Bank have already stopped withdrawals. **More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.**

Bitcoin gives us all the ability to opt out of a system that has massive layers of counterparty risk built in, years of cheap money and broken incentives have layered risk on top of risk throughout the entire global economy. If you thought the FTX bank run was painful to watch, I have bad news for you: every major bank in the world is fractional reserve. **Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.**

The rules of bitcoin are extremely hard to change by design. Anyone can access the network directly without a trusted third party by using their own node. Owning more bitcoin does not give you more control over the network with all participants on equal footing.

> _Bitcoin is:
> \- money that is not controlled by a company or government
> \- money that can be spent or saved without permission
> \- money that is provably scarce and should increase in purchasing power with adoption_

**Bitcoin is money without trust.** Whether you are a nation state, corporation, or an individual, you can use bitcoin to spend or save without permission. Social media will accelerate the already deteriorating trust in our institutions and as this trust continues to crumble the value of trust minimized money will become obvious. **As adoption increases so should the purchasing power of bitcoin.**

> _A quick note on "stablecoins," such as USDC - it is important to remember that they rely on trusted custodians. They have the same risk as funds held directly in bank accounts with additional counterparty risk on top. The trusted custodians can be pressured by gov, exit scam, or caught up in fraud. Funds can and will be frozen at will. **This is a distinctly different trust model than bitcoin, which is a native bearer token that does not rely on any centralized entity or custodian.**_

Most bitcoin exchanges have exposure to these failing banks. Expect more chaos and confusion as this all unwinds. Withdraw any bitcoin to your own wallet ASAP.

Simple Self Custody Guide: [https://werunbtc.com/muun](https://t.co/J61rFmeovE?ref=discreetlog.com)
More Secure Cold Storage Guide: [https://werunbtc.com/coldcard](https://t.co/LMTDzJ86Ec?ref=discreetlog.com)

* * *

_**If you found this post helpful support my work with [bitcoin](https://geyser.fund/project/citadel?ref=discreetlog.com).**_

![Money Without Trust](https://werunbtc.com/donate.png)


RSS-to-Nostr of Slashdot

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LFG🌕
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exjesXFTLRgmaa4dJiZKn4xw2sG8ozuv3jSmZ8fHz5Z+HSqB3Ir3UygBSYsBFN2n+Kc17lRBABh1LEG3zjNanw==?iv=ISz1lVxmpJwj9L9fBo634A==


Jan 30 - 31 2026 #abcpt26


KtTDfJ897d8CbYDZyAHoRxrf+MNEndF8Ws2RlKHerR77tKCNAfYsn1zYGm6t6tPH?iv=F9uCkUNJGO0F2UVv5fwyIw==


Check out nostr:nprofile1qqspnzgrfett3asxcuj0gksje6z2zxzpvgd27uvz58m9vsuqh8zzw6cpzemhxue69uhkyet5vyhxummnw3exjmpwvdsk6qgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0e2wxsx  and https://usingbitcoin.io
Ben breaks it all down, step by step.


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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).


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 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).


tags: Bitcoin Magazine Bitcoin Price Surges Back to $116,000 After Bloody Crypto Weekend It’s been a rocky three days for the crypto market… to say the least. But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump. The bitcoin price fell to the low $100,000s on Friday as U.S. and China trade tensions rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov. 1. But over the weekend, market jitters eased and the bitcoin price gradually rebounded. President Trump walked back some of the fear and posted that ‘it will all be fine’ in reaction to the trade tensions. The recovery comes as both institutional inflows and corporate treasury activity help stabilize sentiment across crypto markets. The latest leg higher was sparked, in part, by Strategy’s announcement that it had purchased an additional 220 BTC for roughly $27.2 million, bringing its total holdings to 640,250 BTC — about 3.1% of Bitcoin’s total supply. The company funded the purchase through proceeds from several at-the-market (ATM) share offerings over the past week. JUST IN: $116,000 #Bitcoin pic.twitter.com/CExFQL01Zw — Bitcoin Magazine (@BitcoinMagazine) October 13, 2025 While Strategy’s accumulation has long been a fixture of bull market narratives, analysts say the timing of this latest buy sent a strong signal of confidence to jittery investors following Friday’s sell-off. Bitcoin price panic to recovery Technical analysts now view a bitcoin price of $105,000 as key short-term support, while $118,000 remains the level to reclaim for bulls to reassert control. The broader bias remains cautious, with oscillators still tilting bearish following the steep drawdown. Beyond short-term price action, the recovery highlights Bitcoin’s growing foothold among corporate treasuries and institutions. Recent data show continued inflows into U.S. spot Bitcoin ETFs, with BlackRock’s IBIT ETF surpassing 800,000 BTC in assets under management — valued near $97 billion. That steady institutional accumulation, coupled with corporate entities like Strategy, DDC Enterprise, and others adopting Bitcoin as a treasury reserve, has become a defining feature of this market cycle. With the next Bitcoin halving approaching in April 2026 and macro conditions still volatile, analysts expect more turbulence ahead. But the underlying narrative remains supportive: limited supply, rising institutional demand, and growing legitimacy as a treasury asset. At time-of-writing, bitcoin is trading around $116,050, up roughly 9% from its weekend lows. This post Bitcoin Price Surges Back to $116,000 After Bloody Crypto Weekend 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/Bitcoin-Price-Surges-Back-to-116000-After-Bloody-Crypto-Weekend-.jpg)
[Bitcoin Price Surges Back to $116,000 After Bloody Crypto Weekend](https://bitcoinmagazine.com/markets/bitcoin-price-surges-back-to-116000)

It’s been a rocky three days for the crypto market… to say the least.

But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump.

The bitcoin price [fell](https://bitcoinmagazine.com/news/bitcoin-price-crashes-to-108000-as-trump-to-impose-100-tariffs-on-china) to the low $100,000s on Friday as U.S. and China [trade tensions](https://www.nbcnews.com/business/business-news/wall-street-takes-back-fridays-losses-trump-softens-tone-china-trade-t-rcna237277) rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov. 1.

But over the weekend, market jitters eased and the bitcoin price gradually rebounded. President Trump walked back some of the fear and [posted](https://www.usatoday.com/story/news/politics/2025/10/12/trump-china-trade-tariff-tensions/86661372007/) that ‘it will all be fine’ in reaction to the trade tensions.

The recovery comes as both institutional inflows and corporate treasury activity help stabilize sentiment across crypto markets.

The latest leg higher was sparked, in part, by Strategy’s [announcement](https://bitcoinmagazine.com/markets/bitcoin-price-rebounds-above-114000-as-strategy-buys-220-more-bitcoin) that it had purchased an additional 220 BTC for roughly $27.2 million, bringing its total holdings to 640,250 BTC — about 3.1% of Bitcoin’s total supply.

The company funded the purchase through proceeds from several at-the-market (ATM) share offerings over the past week.

> JUST IN: $116,000 [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) ![🚀](https://s.w.org/images/core/emoji/16.0.1/72x72/1f680.png) [pic.twitter.com/CExFQL01Zw](https://t.co/CExFQL01Zw)
>
> — Bitcoin Magazine (@BitcoinMagazine) [October 13, 2025](https://twitter.com/BitcoinMagazine/status/1977825928811343997?ref_src=twsrc%5Etfw)

While Strategy’s accumulation has long been a fixture of bull market narratives, analysts say the timing of this latest buy sent a strong signal of confidence to jittery investors following Friday’s sell-off.

Bitcoin price panic to recovery
-------------------------------

Technical analysts [now view](https://bitcoinmagazine.com/markets/bitcoin-weekly-close-at-115k-after-fridays-crash-support-at-105k-holds-but-bears-dominate) a bitcoin price of $105,000 as key short-term support, while $118,000 remains the level to reclaim for bulls to reassert control. The broader bias remains cautious, with oscillators still tilting bearish following the steep drawdown.

Beyond short-term price action, the recovery highlights Bitcoin’s growing foothold among corporate treasuries and institutions. Recent data show continued inflows into U.S. spot Bitcoin ETFs, with BlackRock’s IBIT ETF [surpassing](https://bitcoinmagazine.com/markets/bitcoin-price-reclaims-122000-as-blackrock-bitcoin-etf-surpasses-800000-btc-aum) 800,000 BTC in assets under management — valued near $97 billion.

That [steady institutional accumulation](https://bitcoinmagazine.com/business/institutions-plan-to-double-bitcoin-and-crypto-exposure-by-2028-state-street-research-finds), coupled with corporate entities like Strategy, DDC Enterprise, and others adopting Bitcoin as a treasury reserve, has become a defining feature of this market cycle.

With the next Bitcoin halving approaching in April 2026 and macro conditions still volatile, analysts expect more turbulence ahead. But the underlying narrative remains supportive: limited supply, rising institutional demand, and growing legitimacy as a treasury asset.

At time-of-writing, bitcoin is trading around $116,050, up roughly 9% from its weekend lows.

This post [Bitcoin Price Surges Back to $116,000 After Bloody Crypto Weekend](https://bitcoinmagazine.com/markets/bitcoin-price-surges-back-to-116000)  first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).