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The Bitcoin Business Newsletter

For leaders who need to stay informed.

March 27, 2025

By Sovreign

Key Insight

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

Patience, studying, and planning are three virtues that will do anyone interested in Bitcoin a huge favor. We’ve already made a point to the readers of this newsletter that FOMO is a disease, and jumping onto shiny new cryptos and meme coins does nothing but rob you of your hard-earned money.

It’s quite clear that Bitcoin is now being rightfully used as a digital form of gold. If this sentiment hasn’t landed with you yet, I suggest picking up ‘Broken Money’ by Lyn Alden and ‘The Internet of Money’ series by Andreas Antonopoulos. Then, I’d pick up ‘The Psychology of Money’ by Morgan Housel to understand why planning a financial future that works for you is the most important.

The time to convince people why bitcoin is important is over. It’s like trying to convince people why the wheel is useful. Bitcoin has proven itself, and we must only open our eyes to the reality right in front of us.

Satoshi's Per US Dollar: 1144

Fear and Greed Index: Fear (40)

Stock-to-flow Price of Bitcoin: $552,196

Bitcoin's total market capitalization: $1.73T

Bitcoin's dominance in the overall cryptocurrency markets sits at: 60.9%

Logarithmic Growth Curve suggests Bitcoin is currently: Undervalued!

Treasury Adoption Updates and News:

  • The IMF’s new standards now track bitcoin as a global asset, classifying it as ‘digital gold.’

  • Previously hostile towards Bitcoin, Pakistan is now looking into Bitcoin mining using surplus energy.

  • The White House is hinting at using gold reserves to buy 1 million bitcoins.

  • Metaplanet adds 150 bitcoins to their treasury.

  • Strategy surpassed 500,000 bitcoin in their reserves with the recent $584 million purchase

  • Arizona advances 5 bitcoin bills

  • BlackRock launches Bitcoin ETP in Europe after US success

  • Governor of Kentucky signs HB701, protecting bitcoin self-custody

  • KULR continues its bitcoin acquisition, adding another $5 million

  • GameStop sees good reasons to add Bitcoin to its strategic reserve

  • North Carolina proposes Bitcoin in state retirement funds 

  • The Blockchain group adds 580 bitcoins to reserves

Thinking About Bitcoin for Your Business?

Want help with your bitcoin plans—or know someone who does? Simply reply to this email and our advisors can help you with everything from A-Z.

Top News Stories

GameStop Adds Bitcoin to Treasury Reserves – Bitbo

GameStop has officially updated its investment policy to hold Bitcoin as a treasury reserve asset.

BlackRock Brings Bitcoin ETP to Europe with 0.15% Fee Waiver

BlackRock launches its first Bitcoin ETP in Europe, following US success, with a fee waiver to attract investors.

Kentucky governor signs ‘Bitcoin Rights’ bill into law

Governor Andy Beshear of Kentucky has enacted the "Bitcoin Rights" bill, offering protections for cryptocurrency users, as two other US states advance their own Bitcoin reserve proposals.

GameStop to Raise $1.3B in Notes, Eyes Bitcoin Buys – Bitbo

GameStop plans to raise $1.3 billion through a private offering of zero-coupon convertible notes, with proceeds potentially used to acquire Bitcoin.

Sen. Mike Lee Proposes Ending Fed as Trump Pushes BTC Reserve – Bitbo

Senator Mike Lee introduced a bill to abolish the Federal Reserve while President Trump pushes forward plans for a Strategic Bitcoin Reserve.

Other Noteworthy News

🛡️Trump's Bitcoin Reserve Ends Final Risk, Says Bitwise CIO

🛢️Russia Uses Bitcoin for Oil Trade Amid Sanctions

♟️Eric Trump Joins Metaplanet to Boost Bitcoin Strategy

📚El Salvador’s National Library will run a full Bitcoin node in their new Bitcoin education section

Bitcoin as a treasury reserve asset

Over the past few years, Bitcoin has been steadily increasing its status as a safe haven asset for many investors, driven by ongoing macroeconomic uncertainty, geopolitical tensions and its outperformance compared to major traditional asset classes. But whether seeking exposure is for new investment opportunities, diversification strategies, or wealth preservation, what is now interesting to […]

This article highlights the growing trend of companies adding Bitcoin to their treasury reserves as a strategic hedge against fiat risk and financial instability.

Why Institutional Treasuries Should Consider Bitcoin | River Learn - Bitcoin Taxes and Estate Planning

Bitcoin held in treasuries can add robustness to a business’s balance sheet and provide a source of always-available liquidity.

This article argues that institutional treasuries should consider allocating to Bitcoin to reduce counterparty risk, increase liquidity, and protect against structural weaknesses in the traditional banking system.

While not explicitly about Bitcoin’s role in business, this interview with Larry Lepard offers an excellent explanation of the problems in our monetary system and why our current money is fundamentally flawed.

Chart of the Week

Bitcoin: Global Liquidity (M2) vs Bitcoin Price

This chart compares the growth of global liquidity, measured by M2 money supply from major central banks, with the price of Bitcoin.

The most recent data shows:

Monday, Mar 25, 2025 – BTC Price (USD): $87,328

Wednesday, Sep 25, 2024 – BTC Price (USD): $63,152 | US Dollar M2: $96T

Source: Bitcoin Magazine Pro

“Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.”

– Edmund Moy, 38th Director of the United States Mint