Key Insight

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

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(In hindsight, it does make sense to eliminate “micro” when such a strategy truly has nothing micro about it).

As someone who has been updating myself on what’s happening in this space since early 2019, I sense something shifting in the public sphere. With all this favorable attention, it seems as if key market players are finally catching on to Satoshi's already having separated money from the state. All we have to do now is learn how to leverage that and educate others to do the same.

The momentum has shifted. Bitcoin is no longer viewed as a potential way to get scammed, a bubble, a fad, or as Warren Buffett famously named it, “Rat Poison Squared”. It’s clear that, if you still believe these things, you’ve simply not spent enough (or any) time studying bitcoin. And for each month that passes, not studying bitcoin becomes increasingly irresponsible.

Our team has put together a beginner course where you’ll learn the impact of bitcoin on personal finance, business, and global economics. You’ll get 6 sessions hosted by Sovreign’s experts over 3 weeks, and you’ll get $50 back (in bitcoin) of your initial $150 investment at the end of the three weeks. There’s no longer a reason to sit on the bleachers, watching from afar.

Get in the game! (Enroll here: https://maven.com/sovreign/bitcoincourse)

Now, let’s see what’s been happening this past week:

Price Trends Feb 6 - Feb 13:

Satoshi's Per US Dollar: 1041

Stock-to-flow Price of Bitcoin: $433,617

Bitcoin's total market capitalization: $1.9T

Total addresses holding non-zero balance: (discontinued, as metric fluctuates wildly)

Bitcoin's dominance in the overall cryptocurrency markets sits at: 60.3%

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

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Treasury Adoption Updates and News:

• The newly rebranded Strategy aims to achieve an annual BTC gain of $10 billion in 2025.
  
• Glassnode, a software company specializing in on-chain data, reports the current bitcoin cycle as more stable than previous ones, calling it “atypical”, as volatility is lower.
  
• Czech President Petr Pavel signed a law eliminating Capital Gains Tax on Bitcoin for those who hold the digital asset for at least 3 years.
  
• A court has released 31-year-old Tornado Cash developer Alexey Pertsev, who aimed at building a privacy service called ‘mixers’, to make blockchain transactions more private.
  
• Strategic Bitcoin Reserve legislation gains momentum in 15 states, recently adding Kentucky, Maryland, and Florida to the list.
  
• Franklin Templeton, a multinational asset manager, seeks SEC approval for Crypto Index ETF, tracking Bitcoin and Ethereum (note: watch how ETH is decoupling from BTC).
  
• New report reveals accelerating global bitcoin payment adoption.
  
• BlackRock is looking to establish a Bitcoin ETP in Europe.
  
• Hong Kong now recognizes Bitcoin for Investment Immigration Application.
  
• Strategy adds 7633 bitcoins to its holdings for approximately $742 million, bringing their total to 478,740 bitcoins.
  
• Tesla discloses 11,509 bitcoin in SEC filing.
  
• Metaplanet, Japan’s first listed Bitcoin Treasure, reports $36 million gains and 4,800% stock surge and plans to acquire 21,000 bitcoins by 2026.
  
• The University of Austin launches a $5 million bitcoin fund within its $200 million endowment, making it the first U.S. institution to create a dedicated bitcoin endowment fund.
  
• Publicly traded Japanese gaming company Gumi approves $6.6 million to purchase bitcoin.
  
• Previously mentioned company KULR, a thermal energy management company, commits an additional $10 million for bitcoin purchases, bringing their new total to 610 bitcoins.

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Top News Stories

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Bitcoin Drops as Inflation Data Exceeds Expectations – Bitbo

Bitcoin fell 1.3% to $94,081 after US inflation data for January came in higher than expected, raising concerns over prolonged restrictive monetary policy.

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Rumble Secures $775 Million Investment From Tether and Completes Tender Offer

Rumble secured a $775 million investment from Tether and completed a $525 million tender offer while retaining its governance structure.

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KULR Expands Bitcoin Holdings to 610 Bitcoin and Reports 167% BTC Yield

KULR increased its Bitcoin holdings to 610.3 Bitcoin with a $10M purchase, totaling $60M, and reports a 167.3% BTC Yield.

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Bitcoin Reserve Bills Gain Momentum Across U.S. States

Several U.S. states proposed Bitcoin reserve funds this week, highlighting growing interest amid regulatory and financial debates.

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BlackRock Increases Stake in Strategy to 5%

BlackRock raised its stake in Strategy to 5%, strengthening its Bitcoin exposure as its $55.5 billion Bitcoin ETF drives market inflows.

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Florida Bill Would Allow State to Invest in Bitcoin – Bitbo

A new bill (SB 550) introduced by Florida Sen. Joe Gruters would allow the state to invest up to 10% of its public funds in Bitcoin to protect against inflation and economic uncertainty.

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Missouri Bill Proposes Bitcoin Reserve Fund for State Investments – Bitbo

House Bill 1217 aims to create a Bitcoin reserve fund and mandate Bitcoin acceptance for state payments.

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North Carolina becomes 20th US state to introduce legislation for a Bitcoin reserve

The new legislation brings to 20 the number of US states with a Bitcoin reserve bill plan.

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Other Noteworthy News

📈Strategy Announces First Bitcoin Purchase Since Rebrand and Acquires 7,633 Bitcoin

🏦BlackRock Plans to Launch Spot Bitcoin ETP in Switzerland

🎓University of Austin Launches $5M Bitcoin Fund for Endowment

🏛️Utah Poised to Be First US State with a Bitcoin Reserve

📜Czech President signed a law removing the capital gains tax on bitcoin after 3+ years of holding

⚖️New bill would allow Florida to more easily invest in bitcoin

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Recommended Articles

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Bitcoin: From Digital Gold to Everyday Currency | Sovreign Bitcoin Consulting

An overview of Breez's latest report on bitcoin payment adoption and what it means for the future of business around the world.

This article by Adrian Guilleux highlights how Bitcoin is transitioning from a store of value to a global payment system, fueled by the Lightning Network’s expansion, increasing merchant adoption, and innovations enabling fast, low-cost, and permissionless transactions.

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The Business Mortality Rate & How to Achieve Longevity | Sovreign Bitcoin Consulting

A deep dive into the business mortality rate and how Sovreign helps your business extend its lifespan.

This article by Brady Tinnin highlights how businesses are struggling against inflation and declining purchasing power, but those integrating bitcoin as a treasury asset are securing long-term value, financial resilience, and a competitive edge in an increasingly unstable economy.

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Theya: Revolutionizing Bitcoin Self Custody for Businesses | Sovreign Bitcoin Consulting

An overview of our partner Theya and its products for businesses to custody bitcoin securely and seamlessly.

This article by Adrian Guilleux highlights how Theya simplifies bitcoin self-custody for businesses with 2-of-3 multisig security and direct-to-wallet purchases—get 10% off with code "SOVREIGN."

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Recommended Podcasts

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#582: The Great Awakening Has Begun with Tom Luongo

TFTC: A Bitcoin Podcast · Marty and Tom Luongo watch as Trump's unveiling of the deep state unfolds.

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Joe Carlasare: The 'Silent Depression' and Growing Wealth Gap, Bitcoin, Stablecoins & Dollar Dominance

Coin Stories · In this episode with Commercial Litigator Joe Carlasare, we discuss: Why there are two economic realities at the same time in America, Wealth gap widening and the strain on young people, Trump's Executive Order on Crypto and SBR, Stablecoins and demand for U.S. Debt & Bitcoin for the average person.

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#583: Is Trump’s Tariff Blitz The Right Move? with Porter Stansberry

TFTC: A Bitcoin Podcast · Marty sits down with Porter Stansberry to discuss Trump's first few weeks in office.

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Chart of the Week

Treasury of Public Listed Companies

This chart shows bitcoin holdings of publicly listed companies, their value in USD, and their share of total bitcoin supply, highlighting the trend of corporate bitcoin adoption. Check the rest of the list here.

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“Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value.”

– Eric Schmidt, former CEO of Google

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