Bitcoin Evolution & Institutional Adoption - Bitcoin is evolving from "digital gold" into the capital base layer of the global economy [1] - Bitcoin treasuries, securitized products, and Europe's regulation are driving institutional adoption [1] - Explores how Bitcoin is impacting global credit markets [1] Bitcoin Treasuries & Balance Sheet Engineering - Discussion on why Bitcoin treasuries exist [1] - Scaling the model through balance sheet engineering [1] - Corporate treasuries and reflexive demand are explored [1] Bitcoin-Backed Credit & Financial Products - Bitcoin-backed credit and perpetuals are examined [1] - Transition from strategy to financial products is discussed [1] - Equity vs debt on a Bitcoin standard is analyzed [1] Regulatory Landscape & Investor Appetite - Europe's pension and fixed income shift is highlighted [1] - Regulatory arbitrage in Europe is mentioned [1] - Yield dynamics and investor appetite are considered [1] Global Economy & Fiscal Health - Fiscal health, bonds, and the Bitcoin era are discussed [1] - Building the Bitcoin ecosystem is a key topic [1]

You've seen Bitcoin kind of decouple from the market a little bit. Why would that why would that happen. Bitcoin is being adopted rapidly and it's being put into treasuries, corporate treasuries, likely sovereign treasuries, extraordinarily large players.They want to own Bitcoin without signaling to the market. ...

i never understood why accumulating 43,000 eth daily through equity dilution is called "corporate treasuries". they missed the opportunity to call it "supply corners". ...

Corporate Treasury Allocation - Metaplanet and Smarter Web 增加了近 1 亿美元的比特币到公司财务[1] - Metaplanet 持有价值 21.5 亿美元的比特币，成为第六大公开持有者[1] - Smarter Web 持有价值 2.85 亿美元的比特币，目标是进入前 20 名[1]

Market Trend - Corporate treasury departments are initiating a significant crypto buying spree, targeting $7.8 billion in new acquisitions [1] - The surge is primarily focused on Ethereum [1] Ethereum Focus - Five public companies have pledged to buy over $3 billion in ETH, which is 45 times more than the amount issued last week [1]

Market Trends & Dynamics - Bitcoin's price is underperforming despite $4 billion inflows into Bitcoin ETFs this month, with only a 3% increase [1] - Mega whales, likely Chinese miners, are offsetting buying pressure from ETFs and corporate treasuries [2] - A significant shift in Bitcoin ownership is occurring, moving away from retail investors [3] Buying and Selling Activities - Buying activity is observed from wallets holding 100 to 1,000 Bitcoin, likely representing ETF wallets and corporate treasuries [2] - Selling pressure comes from wallets holding over 1,000 and over 10,000 Bitcoin [3] - Wallets holding under one Bitcoin are insignificant sellers compared to previous cycles [4] Investment Strategies - Traders may be adopting more sophisticated options-based strategies [4] - Investors might return to proxies and treasury companies for Bitcoin returns [4]

Market Prediction - Expectation: A Fortune 500 company will announce a Solana (SOL) treasury allocation before Q4 2025 [1] Industry Trends - Aurora Mobile has already allocated 20% of its reserves to digital assets, setting a precedent [1] - A former Blackstone executive is raising $1 billion for a multi-asset crypto SPAC, explicitly naming Solana [1] - Galaxy is the ninth company to file for a Solana ETF [1] - CME futures volume reached an all-time high (ATH) [1] - Fiserv is connecting over 10,000 banks through FIUSD on Solana [1] - Corporate treasuries are moving beyond single-asset strategies [1]