Executive Summary

• Despite the ECB and Bill Gates dismissing bitcoin, global adoption surges as bitcoin dominance rises to 60.3%, MicroStrategy buys 5,000+ BTC, U.S. states push for bitcoin reserves, Trump signs a Sovereign Wealth Fund order, and parents favor bitcoin over college savings plans. The shift is undeniable.

Key Headlines:

• Trump Signs Order to Create U.S. Sovereign Wealth Fund, Lummis Hints to BTC – Bitbo

• ECB cuts interest rates and keeps more easing on table

• MicroStrategy rebrands to Strategy.

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Key Insights

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This week's key insights are provided by Felipe Muñoz.

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Another interesting week in Bitcoin-land! While the European Central Bank and Bill Gates dismiss Bitcoin as worthless, a global conviction in bitcoin continues to surge. It will be fascinating to see which perspective ultimately holds sway. My bets are in!

Despite a slight decrease in bitcoin's total market capitalization from last week, its dominance in the overall crypto market has increased, which is an interesting dynamic to pay attention to. Are you securing bitcoins while you can get more than 1000 fractions for $1?

Let’s see why that might be a good idea:

Price Trends Jan 31 - Feb 6:

Satoshi's Per US Dollar: 1022

Stock-to-flow Price of Bitcoin: $420,085

Bitcoin's total market capitalization: $1.94 trillion (-4.43%)

Total addresses holding non-zero balance: 54,774,630

Bitcoin's dominance in the overall cryptocurrency markets sits at: 60.3% (+2.55%)

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

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Treasury Adoption Updates and News:

• MicroStrategy rebrands to Strategy and sees strong demand for “preferred stock” and plans to purchase an additional 5000+ bitcoins.
• The President of the European Central Bank, Christine Lagard, dismissed Bitcoin Reserves for the EU, triggering Binance Ex-CEO Changpeng Zhao's response, saying, “EU needs Bitcoin.”
• The States of Illinois and Indiana move to establish Bitcoin Strategic Reserves, as Texas Lieutenant Governor calls Bitcoin Reserve a “top priority” for 2025.
• In a District of Columbia court case, the DOJ argued that “money is not necessarily property” while attempting to confiscate $50,000 from a small landscaping business, sending the case to federal court. If your money is not yours, then whose money is it?
• Trump leaves many bitcoiners speculating as he signs an Executive Order to create Sovereign Wealth Fund.
• Trump’s Crypto Czar David Sacks said, “The feasibility of a strategic bitcoin reserve is being studied” during Banking Committee press conference, and later during an interview with CNBC, he said, “bitcoin is an excellent store of value.”
• Parents are increasingly considering Bitcoin rather than traditional 529 college savings plans.
• One of the largest Bitcoin ATM operators, Bitcoin Depot, acquire an additional 50 bitcoins, bringing their new total to 71 bitcoins.

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Thinking About Bitcoin for Your Business?

Want help with your bitcoin plans—or know someone who does? Simply reply to this email, and our advisors can help you with everything from A to Z.

You can also reach out to us at contact@sovreign.io, or through the website.

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Top News Stories

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MicroStrategy Announces Pricing of Strike Preferred Stock Offering (STRK)

January 31, 2025

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Trump Signs Order to Create U.S. Sovereign Wealth Fund, Lummis Hints to BTC – Bitbo

President Donald Trump signed an executive order to establish a U.S. sovereign wealth fund, aiming to invest in national projects and potentially acquire a stake in TikTok's U.S. operations.

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Metaplanet Announces 2025-2026 Bitcoin Plan - Metaplanet Inc.

January 28, 2025 – Metaplanet Inc. (TSE Standard: 3350) (“Metaplanet” or the “Company”), a leading Bitcoin Treasury Company, hereby announces the launch of

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ECB cuts interest rates and keeps more easing on table

FRANKFURT, Jan 30 (Reuters) - The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under control despite concerns about global trade.

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Czech Central Bank Weighs $7.3B Bitcoin Investment – Bitbo

Czech National Bank Governor Aleš Michl is set to propose a plan to invest up to $7.3 billion in Bitcoin, allocating 5% of the country's reserves to the asset.

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Semler Scientific Acquires an Additional 871 Bitcoin

Semler Scientific acquired 871 Bitcoin for $88.5 million, increasing its holdings to 3,192 Bitcoin through its treasury strategy.

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Crypto Czar David Sacks, U.S. Administration Now Exploring Bitcoin Reserve – Bitbo

A White House official confirmed that an internal working group is evaluating the feasibility of a Bitcoin reserve, following instructions from the president.

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Other Noteworthy News

📈Trump’s trade war will send BTC price ‘violently higher’ — analyst

⚡Tether Integrates USDt With Bitcoin’s Lightning Network

💰Tether Reports $13B Profit and 83,758 BTC Holdings in 2024

🎙️U.S. Hosts First Official Press Conference on Bitcoin and Digital Assets

🏛️Ohio Senator Proposes Second Bitcoin Reserve Bill

🏦Illinois and Indiana Move to Strategic Bitcoin Reserves

📜Texas Lt. Governor announces ‘Bitcoin Reserve’ as priority bill for 2025

📊Tephra Digital has unveiled a graphic tracking U.S. states’ legislative efforts to establish Bitcoin strategic reserves.

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Recommended Articles

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How to Buy Bitcoin for Your Business | Sovreign Bitcoin Consulting

A five-step guide on buying bitcoin for your business and other important considerations to keep in mind.

Read Brady Tinnin’s article on securely buying bitcoin for your business, from custody and wallets to exchanges, strategy, and compliance.

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Understanding Bitcoin Storage as a Business | Sovreign Bitcoin Consulting

"Not your keys, not your coins" is a true mantra for freedom, but managing bitcoin keys requires great responsibility. Learn how to properly manage bitcoin custody as a business.

Read Daniel Frank’s article on how businesses adopt bitcoin to protect against financial repression, with key choices between self-custody, multi-signature, or ETFs to balance security, risk, and accessibility.

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Bitcoin and Corporate Transparency: A Match Made in Heaven | Sovreign Bitcoin Consulting

Bitcoin sets a newfound precedent for business transparency among all key stakeholders. Learn what this means for your business, and how to use bitcoin for building trust.

Read Dan Pelberg’s on how Bitcoin’s transparency builds trust through real-time reporting, auditability, supply chain tracking, and regulatory compliance.

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Recommended Podcasts

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Trump's Sh*tcoin vs. Bitcoin: Literature, Family, and Politics with Robert Breedlove (WiM547)

The "What is Money?" Show · I join Josh Jalinski, “The Financial Quarterback”, to discuss freedom maximalism, the best books to become an informed, well-rounded individual, President Trump’s shitcoin endeavors, the importance of making “Bitcoin babies”, and how Bitcoin will shape the future of American politics.

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If you're interested in bitcoin regulation, corporate adoption, and top bitcoin equities, don’t miss this episode with Baris Serifsoy—author, former UBS Managing Director, and PhD in Finance. He breaks down the key differences between U.S. and London bitcoin allocation and shares where he sees the biggest opportunities.

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Chart of the Week

This chart visually represents the progress of U.S. states in enacting bitcoin and digital asset legislation.

It tracks bitcoin-related legislation across U.S. states, displaying a chart with each bill’s title, status, and progress. Get the full overview here.

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“You can’t stop things like bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust.”

– John McAfee

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