🟠 BTC Treasuries

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 19,323 Minimalist members reading today. 👋 

Today we’re covering:

• Tether hires Trump’s former crypto aide

• New company plans to buy 1% of supply

• SoFi integrates with Lightning and Bitcoin

• And everything else you need to know.

Estimated read time: 2 minutes and 51 seconds

WHAT WE’RE WATCHING

🏦 Amdax launches AMBTS to build EU Bitcoin treasury. The Dutch crypto firm plans to list AMBTS on Euronext Amsterdam and aims to eventually hold 1% of all Bitcoin. Backed by regulatory credentials, AMBTS targets institutional investors seeking exposure to Bitcoin via public markets.

🌏 American Bitcoin eyes acquisitions in Japan, Hong Kong. The Trump-linked miner, holding 1,941 BTC, aims to build a major Bitcoin treasury by acquiring Asian firms. Backed by $200M raised in June, it plans to follow Strategy’s playbook of aggressive BTC accumulation through public companies.

🇺🇸 Tether hires ex-Trump crypto aide Bo Hines. The former White House official will help lead Tether’s U.S. stablecoin expansion, signaling deeper political ties as regulatory pressure on stablecoins grows.

💰 KindlyMD buys 5,744 BTC for $679M. Following its merger with Nakamoto Holdings, the company’s reserves now total 5,764.91 BTC at an average cost of $118,204 per coin. CEO David Bailey reaffirmed a long-term plan to amass one million bitcoin as a corporate treasury strategy.

🌍 SoFi adds Bitcoin-powered remittances via Lightspark. The new service uses Bitcoin’s Lightning Network and UMA tech to enable faster, cheaper international money transfers. Initially launching in Mexico, transfers will be embedded in the SoFi app with full fee transparency and 24/7 access.

IN THE LOOP

• Harrys became the first publicly traded tobacco company to add bitcoin to its balance sheet.

• A solo Bitcoin miner earned a $371,000 reward after successfully mining block 910,440.

• BlackRock CEO Larry Fink has been appointed interim co-chair of the World Economic Forum.

• Strategy increased its Bitcoin holdings to 629,376 BTC worth $74 billion.

• Thailand will pilot an 18-month program allowing foreign tourists to convert crypto to baht.

• Mark Moss says Bitcoin treasury firms are using legacy finance to fund bitcoin adoption, calling it history’s most obvious arbitrage.

The most clicked link in our last newsletter was U.S. Treasury Secretary Scott Bessent ruling out new Bitcoin reserve purchases.

MACRO & INDUSTRY

• Bitcoiners are watching the upcoming Jackson Hole symposium for Fed signals that could sway liquidity and BTC prices.

• Bhutan sold over $92 million in Bitcoin during a market dip but still holds nearly 10,000 BTC in reserves.

• Author Adam Livingston urges the U.S. to use its $70 billion tariff surplus to build a strategic bitcoin reserve through budget-neutral purchases.

POLL

THURSDAY’S POLL RESULTS

🇺🇸 Do you believe Bessent when he says the U.S. won’t buy more BTC for its reserve?

🟥⬜️⬜️⬜️⬜️ 🧱 Yes – they’re drawing a hard line (11%)

🟩🟩🟩⬜️⬜️ 🎭 No – they’ll flip again soon (52%)

🟨🟨⬜️⬜️⬜️ 🔍 Not sure – trying to read between the lines (37%)

🎭 No – they’ll flip again soon: “The U.S. Gov’t is full of crap. The dumb ones that sold BTC should be fired on the spot. Our gov't has taken us down with trillions $$'s of debt which could be corrected with BTC. Just like they put one of the youngest hacker minds in prison (who killed himself)...what a waste. He could have worked for the gov't for computer hacker defense.” — Mark

🔍 Not sure – trying to read between the lines: “If it is true and if the US keeps to that word, then it is one of the dumbest or stupidest Countries in the world and will be less secure then those other countries who are not as dumb and stupid.” — Julian

🔍 Not sure – trying to read between the lines: “Hard to tell what is actually going on…uncertainty should be brought IMO.” — Chris

CHARTS & DATA

Realized Price - The STH Realized Price, 2-year realized price, and realized price all continue to rise.

Hash rate - Bitcoin’s hash rate continues to sit near all-time highs.

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