The Bitcoin Business Newsletter | Bitcoin Momentum Grows

Executive Summary

• Bitcoin Adoption: Felipe Muñoz on bitcoin adoption and institutional interest continue to surge, with regulatory progress, major treasury allocations, and growing recognition of Bitcoin as a key financial asset driving momentum in the space.

Key Headlines:

• SEC Revokes SAB 121 Paving Way for Banks to Custody Bitcoin.

• Czech Central Bank Governor To Present Bitcoin Reserve Proposal

• Powell: Banks Can Serve Bitcoin Customers, But Must Manage Risks – Bitbo

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Key Insight

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This week's key insight is written by Felipe Muñoz.

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It has been a big week in the bitcoin space packed with favorable progress! Many years ago there would be several months, sometimes years, between positive news about bitcoin. Now, we get them almost daily!

The momentum is picking up. Business owners are catching on and opening their eyes to what uncopiable money can do for them, their loved ones, and society. It is safe to say that nothing stops this train!

Price Trends Jan 24th - Jan 30:

Satoshi's Per US Dollar: 977

Stock-to-flow Price of Bitcoin: $405,012

Bitcoin's total market capitalization: $2.03 trillion

Total addresses holding non-zero balance: 54,836,255 (the incorrect # was displayed last week)

Bitcoin's dominance in the overall cryptocurrency markets sits at: 58.8%

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

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Treasury Adoption Updates and News:

• Cynthia Lummis takes the position of Chair of The Senate Banking Subcommittee on Digital Assets
• Trump signs an Executive Order to create a Cryptocurrency Working Group tasked to developing a regulatory framework in cooperation with relevant federal agencies. This appears to be an aspirational road map and does not yet impose legally binding rules
• The Executive Order excludes the Fed and FDIC from the digital assets working group, as both showed hostility towards the industry during the Biden administration
• SEC repeals SAB 121, which practically prevented banks from offering digital asset custody and services
• BlackRock buys another $1 billion of BTC, now holding 2.7% of the total bitcoin supply
• Czech central bank chief proposes to allocate 5% of reserves into bitcoin saying “I like probability.”
• Breez, a bitcoin-only payments firm, raises $5 million to continue the implementation of their self-custody solutions, expanding the bitcoin peer-to-peer network
• Last week we mentioned Semler Scientific’s 237 bitcoins. This week they’ve raised $75 million to purchase additional bitcoins
• The Board of Directors at Fathom, a technology-driven, end-to-end real estate services platform, announced on Jan 23 an approval of the inclusion of bitcoin as a key asset under the Company’s treasury management program, allocating 50% of excess cash to Bitcoin purchases
• The Arizona Senate approves bill to create Strategic Bitcoin Reserve
• MetaPlanet raises $745 million to purchase bitcoin, making it the largest bitcoin purchase in Asia

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Top News Stories

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SEC Revokes SAB 121 Paving Way for Banks to Custody Bitcoin

Acting SEC Chair Mark Uyeda, assigned to temporarily lead the SEC under the new Trump administration revoked the SAB 121.

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FOMC Decision and US Economic Data Shape Bitcoin Sentiment – Bitbo

Bitcoin traders brace for volatility this week as the Federal Reserve's FOMC meeting and key US economic data releases drive market sentiment.

Powell: Banks Can Serve Bitcoin Customers, But Must Manage Risks – Bitbo

Federal Reserve Chairman Jerome Powell reaffirmed that banks can engage with Bitcoin customers, provided they manage associated risks effectively.

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KULR Technology Group Increases Bitcoin Holdings to $50 Million

KULR Technology Group expanded its Bitcoin holdings to $50 million, reporting a 127% BTC Yield.

Utah House Committee Advances Bill on Bitcoin and Digital Asset Investments

A Utah House committee approved HB 230 to allow state Bitcoin investments, advancing it to the full House.

Semler Scientific Unveils $75M Plan To Expand Bitcoin Holdings

Semler Scientific plans to raise $75M to increase its 2,321 Bitcoin holdings, valued at $241M.

Arizona Senate Advances Bitcoin Reserve Bill

Arizona's Bitcoin reserve bill allows public funds to invest up to 10%, inspiring other states but raising volatility concerns.

MicroStrategy Invests $1.1B in Bitcoin and Increases Holdings to Over 471,000 Coins

MicroStrategy acquired 10,107 Bitcoin for $1.1 billion, raising its holdings to 471,107 Bitcoin.

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Other Noteworthy News

🏛️Kansas Bill Proposes 10% of Retirement Funds in Bitcoin ETFs

📝Trump Executive Order Explores Crypto Stockpile Creation

💰Nasdaq Proposes In-Kind Bitcoin Transactions for BlackRock ETF

⚖️Lummis to Chair Historic Senate Panel on Digital Assets

📊MicroStrategy launches 2.5 million perpetual preferred share offering called STRK

✅Senate confirms pro-crypto Scott Bessent as US Treasury Secretary

🌐Metaplanet’s $740M Strategy Targets 21,000 Bitcoin by 2026

🪨Blockstream Asset Management (BAM) launches with two institutional-grade Bitcoin funds, marking a major milestone in advancing Bitcoin-based finance.

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Recommended Articles

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The Evolution of Bitcoin Adoption: From Cypherpunks to the Masses | Sovreign Bitcoin Consulting

A four-phase journey covering bitcoin's evolution, demonstrating how far this nascent digital asset has come since its 2009 inception.

Read Francesco Bolliger’s article on bitcoin’s evolution from a niche experiment to a global asset, transitioning from cypherpunks to institutions and now toward mass corporate adoption.

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A Billionaire Discovers Bitcoin | Sovreign Bitcoin Consulting

Read MicroStrategy's Michael Saylor's own words as he shares his personal bitcoin journey: the problem he faced, how he used bitcoin to solve it, and what he expects for bitcoin and the future of business moving forward.

Read Adrian Guilleux’s article on how Michael Saylor embraced bitcoin as the ultimate treasury asset to combat cash devaluation, leading MicroStrategy to massive profits and reinforcing Bitcoin’s value for businesses.

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Why Should Small Businesses Care About Bitcoin? | Sovreign Bitcoin Consulting

Small businesses are a top beneficiary of the promise bitcoin offers. Find out why small businesses should consider bitcoin as a solution to their financial problems.

Brady Tinnin talks about why every business should consider bitcoin.

‘‘The good news is that bitcoin was designed specifically for entities like small businesses. It gives small businesses the chance to build a longer runway of capital that closes the gap between them and their competitors. ‘‘

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Recommended Podcasts

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#577: The Biggest Moment In Financial History with Jeff Walton

TFTC: A Bitcoin Podcast · Marty sits down with Jeff Walton to discuss Microstrategy's preferred stock offering.

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Trump's Executive Orders, the DXY and Bitcoin Backed Lending - Bitcoin Alpha 006

TFTC: A Bitcoin Podcast

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Jack Mallers: Corporate Lobbying Threatens U.S. Strategic Bitcoin Reserve and Why Bitcoin is Honest Money

Coin Stories · In this episode with Strike CEO Jack Mallers, we discuss: Corporate lobbying threatening a U.S. Strategic Bitcoin Reserve, Should the U.S. embrace a reserve of digital assets?, Jack's viral comments about $XRP and Ripple, The future of regulation in crypto & DeepSeek AI and current market volatility.

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Chart of the Week

Bitcoin Profitable Days

This chart shows the number of days bitcoin has been profitable to hold relative to today's price, highlighting its strong adoption and price growth. With a fixed supply, increasing demand pushes prices higher.

No. days profitable holding Bitcoin: 5262
Total no. of days: 5279
% profitable days holding Bitcoin: 99.7%

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“Bitcoin is a technological tour de force.”

– Bill Gates

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