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The Bitcoin Business Newsletter

For leaders who need to stay informed.

June 26, 2025

By Sovreign

Key Insight

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

As honest business operators, product designers, and service providers, we hope to be treated fairly. Both by regulators and free markets. Most market participants share this desire for fairness. If we provide a product or a service that isn’t really helping anyone, we should have to face the consequences. We should be forced to look into ourselves to understand what and where we can improve, so that our customers, guests, and clients' lives are enhanced.

On the other hand, if we are enhancing other people’s lives, we should be rewarded. True capitalism is about mutual benefits and a world built on a meritocracy.

What we have today isn’t true capitalism. And we will not have true capitalism until we fix the money we use to transact. In fact, we already fixed the money. Now it’s up to us to use it.

Most people will learn about Bitcoin when their employer and supplier won’t pay them in anything else. That’s when they’ll understand how early they could’ve been 5-20 years prior.

Don’t get left behind. Buying as much Bitcoin as you can in the coming 20 years will be the game in town. Hold us to it.

Fill out this form, get 0.001 BTC, and join the Summer of Sovereignty. https://www.sovreign.io/contact

Satoshi's Per US Dollar: 931 (+1.09%) 

BTC Price in Gold Ounces: 32.15 (2.72%)

Fear and Greed Index: Greed (66/100)

Stock-to-flow Price of bitcoin: $961,089 (+4.06%)

Bitcoin's total market capitalization: $2.14T (2.88%)

Bitcoin's dominance in the overall cryptocurrency markets sits at 64.5% (+0.78%)

Logarithmic Growth Curve suggests bitcoin is currently: Undervalued!

Treasury Adoption Updates and News:

  • Why Bitcoin is the Best Liquidity Hedge, an article by Marty Bent 

  • More Bitcoin Treasury companies are popping up everywhere, now long-time Bitcoin advocate Anthony Pompliano’s company, Procap buying their first $385 million worth of Bitcoin

  • Metaplanet is looking to expand its treasury company by expanding into the US, approving $5 billion capital injection into its subsidiary

  • KindlyMD continues stacking a massive amount of Bitcoin

  • Strategy buys another 245 Bitcoin

  • A noteworthy Bitcoin analysis and research report done by Glassnode and Gemini

Bitcoin Well logo PNG

This week’s newsletter is brought to you by Bitcoin Well.

Bitcoin Well is the leading platform for buying and selling Bitcoin in Canada and the US. With Bitcoin Well Infinite, you can now make large purchases of over $50,000 through their OTC desk. Their white-glove service provides fast transactions with no slippage and the lowest fees in the market.

Top News Stories

Green Minerals Plans $1.2 Billion Bitcoin Treasury To Hedge Against Fiat Risk

Green Minerals AS aims to raise $1.2 billion to build a Bitcoin treasury as a hedge against fiat risk and support future growth.

Texas Governor Signs Bill to Shield Potential Bitcoin Reserve – Bitbo

Texas Governor Greg Abbott signed HB4488, safeguarding a proposed state Bitcoin reserve and other funds from automatic dissolution if established.

Federal Reserve Drops Reputational Risk Scrutiny for Banks – Bitbo

The US Federal Reserve has removed 'reputational risk' from its bank oversight criteria, a move welcomed by bitcoin industry advocates who say the standard was used to debank bitcoin firms.

Republican Senators Unveil Digital Asset Regulation Framework – Bitbo

Republican Senators Tim Scott and Cynthia Lummis introduced a legislative framework to clarify regulation of digital assets, aiming to define oversight roles for the SEC and CFTC and address money laundering concerns.

Trump administration mulls ‘debanking’ executive order: WSJ

The Trump administration is reportedly considering an executive order on debanking, which could make the crypto industry’s issues with banking providers a thing of the past.

Other Noteworthy News

🌐Metaplanet Acquires 1,111 Additional Bitcoin for ¥17.2 Billion

📈Metaplanet Surpasses Tesla With 12,345 Bitcoin Holdings

🏯Japan Proposes Overhaul to Enable Bitcoin ETFs and Lower Taxes

🪙ProCap Raises $750M, Goes Public With Bitcoin-Focused SPAC

📜FHFA Directs Fannie Mae and Freddie Mac To Account for Bitcoin in Mortgage Evaluations

Bitwise CEO: US Treasuries Are Bitcoin’s True Competition – Bitbo

Bitwise CEO Hunter Horsley argues that US Treasuries, not gold, are Bitcoin's primary rival, challenging the 'digital gold' narrative and highlighting new adoption barriers despite clearer regulation.

The Global Bitcoin Treasury Playbook: How Jurisdiction Shapes Capital Strategy

A global look at how tax wrappers, capital tools, and market structure shape the strategies of public companies accumulating Bitcoin on their balance sheets.

This Entrepreneur Quit Everything to Fight the Death Economy

The Bitcoin Business Podcast · Bitcoin isn’t just a financial hedge—it’s a moral stand. In this episode, I’m joined by John Balkam, Sovereign’s new VP and former founder of Third Win Group, to unpack his radical journey from sports marketing into the heart of the Bitcoin revolution.

True North: Why Bitcoin Treasuries Are the Hottest Bet in Public Markets

Coin Stories · This week, Natalie Brunell is joined by Jeff Walton, Ben Werkman, and Tim Kotzman of MSTR True North to explore how forward-thinking companies are embracing Corporate Bitcoin Treasuries and revolutionizing Investor Relations in the digital age. True North is a "supergroup investment club charting the edge of the new financial frontier."

Chart of the Week

Bitcoin: Addresses Holding > X BTC by Year

This chart tracks the yearly growth of Bitcoin addresses holding at least 0.01, 0.1, or 1 BTC.

Source: Bitcoin Magazine Pro

“Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.”

– Balaji Srinivasan