🟠 BTC Policy

First time reading? I’m Jordan, and this is The Bitcoin Minimalist. Every Tuesday & Thursday, we scour 100s of sources to bring you need-to-know Bitcoin insights.

Good morning — Jordan here.

Happy Tuesday to the 20,727 Minimalist members reading today. 👋 

Today we’re covering:

• Public firms now hold 3% of Bitcoin

• Solo miner wins $263K block reward

• Trump family reportedly interested in a stake in Binance

• And everything else you need to know.

Estimated read time: 3 minutes and 12 seconds

WHAT WE’RE WATCHING

🇺🇸 The Bitcoin Policy Institute’s “Bitcoin For America” summit called for U.S. leadership in Bitcoin adoption. Speakers, including Sen. Cynthia Lummis and Michael Saylor, backed Bitcoin as a strategic asset. Rep. Nick Begich announced the Bitcoin Act, proposing U.S. acquisition of 1M BTC and protecting self-custody rights.

💼 The Trump family reportedly held talks with Binance in 2024 about acquiring a stake in the crypto exchange. The deal was part of Binance’s plan to revive its U.S. operations. Binance founder Changpeng Zhao allegedly sought a Trump pardon, but both Trump and Zhao denied the report.

📉 Bitcoin dropped after the SBR announcement due to short-term market reactions. Samson Mow cited “sell the news” selling, leverage liquidations ($500M–$800M), weak traditional markets, and low liquidity. He emphasized that true adoption takes time, despite the long-term significance of the U.S. establishing a Bitcoin reserve.

📺 Rumble disclosed $17.1M in Bitcoin holdings as a hedge against inflation. The platform bought 188 BTC at an average of $91K per coin, following its $20M Bitcoin acquisition plan. Tether-backed Rumble may make further purchases based on market conditions and cash needs.

🏛️ California legislators endorse bitcoin advocate Dom Bei for a seat on the $500B CalPERS pension board. A firefighter and founder of Proof of Workforce, Bei promotes bitcoin education for unions and pensions. If elected, he’d be the board’s first pro-bitcoin voice.

🌍 Coinbase is assisting over 150 government entities in managing digital assets. This follows the U.S. executive order on a strategic bitcoin reserve.

🎤 Senator Jim Justice rallied support for Bitcoin at the Bitcoin for America event, calling it a historic financial opportunity. He praised Senator Lummis and President Trump’s backing, urging education and action. Comparing crypto’s rise to past technological leaps, he declared, “Now is our time—let’s go!”

📰 Forbes: Trump’s Bitcoin reserve is more than just symbolic. Trump’s Strategic Bitcoin Reserve (SBR) locks seized BTC permanently in U.S. hands—unlike other crypto, which may be sold. His administration sees Bitcoin as “digital gold,” distinct from speculative assets. Legislation proposes acquiring 1M BTC, potentially by selling gold. This signals Bitcoin’s elevation to a national strategic asset.

IN THE LOOP

• Strategy plans to raise $21 billion through an ATM stock program to buy more bitcoin, but its stock fell 5% after the announcement.

• Public companies doubled their Bitcoin holdings in 2024, now holding 3% of its supply worth $52 billion.

• Metaplanet added 162 BTC to its treasury, bringing its total to 3,050 BTC.

• A solo Bitcoin miner using a tiny, low-cost rig won a block reward worth $263,000 despite having a 1-in-a-million chance.

• Solv raised $10 million for its Bitcoin Reserve Offering to build a $100 million BTC reserve and drive institutional adoption.

The most clicked link in our last newsletter was the Bitcoin halving spiral being close to crossing for the first time ever.

MACRO & INDUSTRY

• The US House voted to repeal the IRS DeFi broker rule, following the Senate’s earlier decision.

• The SEC delayed its decision on multiple crypto ETFs, but analysts say it’s a standard procedure that won’t impact approval odds.

• Abu Dhabi’s MGX invested $2 billion in Binance, marking the largest-ever crypto investment paid in stablecoins.

• Tether CEO Paolo Ardoino called USDT a key US ally in maintaining the dollar’s global dominance.

POLL

TUESDAY’S POLL RESULTS

Will the U.S. government at some point own more than 1 million BTC?

🟩🟩🟩🟩⬜️ 👍 Yes (80%)

🟨⬜️⬜️⬜️⬜️ 👎 No (20%)

👍 Yes: “They will find a way.” — Madeline

👍 Yes: “Hopefully the administration will pave the way to own 20-25% of the entire BTC network as Saylor recommends.” — Chris

👎 No: “The price will escape. May be they will be able to acquire another 200k but after that US will have to start paying anywhere from 500k to 1mil per coin and that is anywhere from 400 to 800 billion for the remaining 800k coins, assuming the price stays stable which it will not.” — Jon

VIDEO

Michael Saylor's Bitcoin for America keynote highlights Bitcoin’s role in U.S. digital supremacy. 

He calls Bitcoin the greatest financial opportunity of the 21st century, urging America to embrace it as strategic capital.

Watch the full speech here:

CHARTS & DATA

Mayer Multiple - Mayer Multiple has dipped and is still below 1.0 at just 0.98.

Market Cycles - Bitcoin Market cycles has flipped from Bull to distribution.

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