🧠Quote(s) of the week:
"Bitcoin treasury companies won't prevent another bear market; they’re the reason it’ll happen again this cycle."
🧡Bitcoin news🧡
This is actually ridiculous to think about…
Sam Callahan: 'People bang their heads against the wall when they realize all they had to do was buy Bitcoin, forget about it, & hold it for 10 years. They think, “It was so easy. I could’ve done that! How was I so dumb!?” Ironically, that’s still all they have to do today. But how many will?'
On the 11th of June:
➡️GameStop to raise another $1.75 billion after buying $500m Bitcoin 2 weeks ago.
➡️Strategic Bitcoin Reserve bill in Brazil passes 1st committee.
➡️'Just the latest reminder of why Bitcoin is better than gold. You can send value to the other side of the planet and you do not have to stuff it up your rectum.' - Alex Stanczyk (is spot on)
On the 12th of June:
➡️BlackRock’s IBIT just hit $70B AUM, smashing its 2030 $50B target 5 years early. They’re not just in the game. They’re trying to own it.
➡️One of the best leading Bitcoin signals flashed a BUY again... The Hash Ribbon by @caprioleio has been incredibly accurate.
➡️'Next ₿itcoin Halving Progress ▓▓▓▓▓░░░░░░░░░░░░░░░░ 29% Loading… Please Hodl
Current Block: 900,911
Halving Block: 1,050,000
Blocks Remaining: 149,089
Estimated Date: April 12, 2028' - Documenting Bitcoin
➡️Nasdaq-listed blockchain payment provider Mercury Fintech Holding to raise $800M to establish a Bitcoin treasury reserve. - Bitcoin News
➡️'Over the past two years Bitcoin outperformed everything else. Ethereum took a different route.' - CarlBMenger
➡️Bitwise CIO Matt Hougan says corporate Bitcoin adoption is just beginning, as traditional cash management loses appeal. As of March, 79 public companies held about $57B in BTC.
➡️116 public companies now hold 809.1K BTC, up from 312.2K a year ago. Since early April alone, nearly 100K BTC has been added, with 25+ companies disclosing new holdings.
➡️Japanese video game developer Gumi purchases ¥1 billion worth of Bitcoin.
'Strategy pioneered the Bitcoin Treasury Strategy.
Metaplanet brought it to Japan. Now, other Japanese companies are quickly following. THEIR BITCOIN TARGETS
- Metaplanet initially aimed for 10k BTC by 2026 but has since raised the target to 30k BTC EOY, 100k EOY 2026, and 210k by EOY 2027.
- Remixpoint is closing in on its 1,000 BTC goal and may need to raise it as soon as tomorrow.
- ANAP has joined the trend with its own 1,000 BTC accumulation target. - Others like AI Fusion Capital and Value Creation are quietly accumulating as well.' - NLNico
➡️'Centralized entities, like governments, ETFs, and publicly listed companies, now control one-third of the circulating Bitcoin supply ( $668B), according to Gemini.' - Bitcoin News
➡️Glassnode's latest report shows increased Bitcoin Realized Supply Density, indicating significant accumulation near the current price, which may heighten market sensitivity and volatility risk.
➡️The MVRV Z-Score has historically been a great indicator of when the cycle is close to topping out. Not even close to flashing a signal at the moment; plenty of room to grow for Bitcoin.
➡️Where are my ladies at?
➡️'GameStop has priced a $2.25B private offering of 0% convertible senior notes due 2032, with an option for an additional $450M. Net proceeds could reach $2.68B. Notes mature June 15, 2032, and carry no interest or accretion. They don’t need more cash, they need BTC.' - Bitcoin News
➡️Google search interest for “Bitcoin” is now at the same level as when Bitcoin was priced at around $16,000.
➡️First look at the 'Coinbase One Card,' which offers up to 4% Bitcoin back on every purchase. Who’s excited to earn 4% Bitcoin back on every purchase?! They put the Bitcoin Genesis Block on the card. (Including the snarky anti-bank Easter egg). Oh, by the way, don’t forget about needing to be a monthly sub to their “pro” service + the $50/yearly fee.
Oh just remember, just two years ago, @AmericanExpress was flagging transactions from companies that merely sold tickets to events with “Bitcoin” in their name. Now they’re issuing credit cards stamped with the Genesis Block. Classic!
Oh, "Add to our honeypot and we will give you more rewards”.
"The more assets you hold on Coinbase, the more bitcoin you earn on your purchases." Why do they want to hold your Bitcoin? Very weird stipulation to include if they aren't making money on your assets.
AND YOU NEED TO GO ON A SPENDING SPREE TO EARN BITCION! Hello, fiat games.
On the 13th of June:
➡️ Why Bitcoin?
A new PwC study shows that the introduction of the digital euro will cost banks in the euro area up to 30 billion euros. 75% of the costs are purely related to IT and infrastructure. One can hardly imagine how high the opportunity costs might be.
www.dsgv.de/newsroom/presse/250605_PM_DSGV_BVR_PwC_Kostenstudie_35.html
To this day, I still don't understand why we need the digital euro. There isn't a single reason.
➡️Pledditor: "Print up a worthless shitcoin, dump it on people for real Bitcoin. The exit scam is always denominated in BTC. (Bitcoin treasury companies included)"
Charles Hoskinson proposes selling 5–10% of the Cardano treasury to build a Bitcoin and stablecoin basket for yield generation.
➡️$3.5 billion DRW Investments said “We see the benefit of holding Bitcoin on corporate balance sheets.”
➡️World’s first Ethereum treasury just collapsed. Who could’ve guessed that shitcoin treasuries don’t work? Only Bitcoin is real.
➡️Documenting Bitcoin: 'Created fifteen years ago today, this website gave out 5 entire bitcoin for free to anyone, anytime, anywhere. The ‘Bitcoin Faucet’ only required a user to complete CAPTCHA verifying you were not a bot and distributed 19,700 bitcoins in total worth $2 billion today.'
➡️Sometimes you need to zoom out. Bitcoin is up 550% over the past 2.5 years. (and yes, this is a bit cherry-picking).
➡️OTC Bitcoin balance dropped 36%, from 211K BTC to 135K BTC since early 2024, according to data from CryptoQuant.
Remember the BlockFi fiasco? The largest investment Pomp ever made was in BlockFi. Now Pomp's the CEO of a Bitcoin Treasury SPAC. You can't make this shit up. Rocketship. Get on boooard!
➡️NYSE-listed Chinese firm DDC Enterprise Ltd. acquires 38 more bitcoins, increasing its holdings to 138 BTC ( $14.85M).
➡️The Smarter Web Company has acquired 74.27 BTC for ~$8.1M at an average price of $109,256 per BTC.
Total Holdings: 242.34 BTC
Avg Cost Basis: $107,002 per BTC
The Smarter Web Company continues executing its 10-Year Plan—embedding Bitcoin as the foundation of its treasury strategy.
➡️Bitcoin's 4-year CAGR recovers to 31%, entering a "strong zone." If the overall momentum persists, Bitcoin could hit $168K by October 2025, according to analyst Axel Adler.
➡️BlackRock aims to be the world's largest cryptocurrency asset manager by 2030, targeting $50M in digital asset AUM.
➡️Bitcoin Depot adds at least 17.5 BTC to bring their Bitcoin Treasury Holdings over 100 BTC.
➡️'ECB posts back-to-back losses as 2024 deficit hits record €7.9 billion, warns of more pain ahead. Might make sense to get some Bitcoin, just in case.' - Carl B Menger
➡️This was worth 550k 3 years ago.
Today, it’s worth 2 bags of Doritos. Absolutely shaken, how is that possible?!? Oh, wait.
On the 14th of June:
➡️Most used Lightning Wallets, 80-90% custodial.
➡️Latest Distribution Map of Public Bitcoin Nodes
➡️In light of recent geopolitical turmoil, here’s a chart from BlackRock’s September 2024 report, ‘Bitcoin: A Unique Diversifier,’ illustrating how Bitcoin has performed during major global events since 2020.
➡️Pierre Rochard: 'Bitcoin CAGR volatility seems to be decreasing.'
On the 15th of June:
➡️Long-term holders just added 881,578 BTC in 30 days.
➡️Over 400,000 Bitcoin have been pulled from exchanges in the last 6 months. Good luck buying when it’s gone.
➡️'Global M2 is pointing to a $160K Bitcoin target by year-end. We’ve seen this play out before:
– In 2017, $BTC followed a wave of global liquidity to $20K
– In 2020–2021, it tracked M2 expansion all the way to $69K
History doesn’t repeat - but liquidity rhymes!' -BTCTN
Forget about the price, for me that is just noise, but follow liquidity. Liquidity leads, and Bitcoin follows.
➡️Vietnam just dropped a Bitcoin bombshell, as they're looking to legalize Bitcoin before the start of 2026!
On the 15th of June:
➡️The Bitcoin hash rate continues going parabolic, smashing through 900EH/s and another ATH.
On the 16th of June:
➡️Publicly-traded UK company ‘Coinsilium’ purchases 6.5577 BTC for its ‘Forza!’ Bitcoin treasury.
➡️Bank of America, BofA, just ranked Bitcoin alongside the steam engine, internet, and printing press as a once-in-a-millennium innovation.
➡️Singapore-based agricultural commodities trader Davis Commodities Limited announces a $30M initiative to modernize operations, allocating up to 40% to build Bitcoin reserves, starting with a $4.5M investment.
And remember people, history rhymes.
James Lavish: "As geopolitical conflicts rise, investors often flee to fiat-based sovereign debt for ‘safety’. This, of course, is ultimately a mistake, as inevitable money printing and monetary debasement soon follow. Smart investors will flee to assets that cannot be debased. The smartest will buy Bitcoin."
Anyway, that's it for this week regarding the Bitcoin news.
💸Traditional Finance / Macro:
👉🏽No news
🏦Banks:
👉🏽No news
🌎Macro/Geopolitics:
Here is a visualization of your options:
Is it oversimplified or correctly simplified? Anyway, roll the dice!
Quiten: 'If nuclear war happens, you die. If it doesn’t, markets recover. So if you don’t buy, you either stay poor or die. If you do buy, you either get rich or die. Simple math.'
On the 11th of June:
👉🏽'World Bank officially lifts its ban on nuclear electricity. The last time the World Bank approved a nuclear electricity project was six decades ago. Since then, the World Bank and other multilateral development banks have completely stopped supporting nuclear. Not only did they refuse to provide financial support, they also refrained from offering any strategic planning guidance to countries looking to build nuclear power plants. That ends today.' - Isabelle Boemeke
As Alex Gladstein put it in great context: "Six decades of refusing to fund nuclear power were part of a strategy to create energy dependence." He covered that in his book: Hidden Repression
Baby steps, yes, but steps in the right direction...
👉🏽Without the Fed who would protect us from inflation?
The Federal Reserve's track record on inflation? A disaster! Now looking at the chart if you would update it to 2025 the dollar is down 98.7%, and that's just the official government CPI, which deliberately understates real-world inflation by half.
The Fed owes the Treasury $ 233 billion has over a trillion in unrealized losses, and has lost over $ 500 billion in the last 7 months.
On the 12th of June:
👉🏽Milei just did something no economist thought was possible: He cut Argentina's inflation from 25% to 2% in ONE YEAR.
Milei’s stabilization plan to eliminate inflation has been more effective than Israel's in the 1980s and Chile's in the 1970s. Now for the next part: breaking the 1% monthly inflation rate.
👉🏽U.S. State Department issues security warning for the entire Middle East and Northern Africa.
👉🏽'The United States Debt is officially out of control, and Tariffs don't matter. Spending went from 594 Billion to 694 Billion from April to May. Revenue dropped from 850 Billion to 371 Billion. The Green Line is Tariffs. They don't matter.' - Fred Krueger
👉🏽The US Treasury is supporting the Bond Market as never before: The Treasury purchased $10 billion of its debt on Tuesday, the most since the buyback operation was initiated. The Treasury Buybacks have trended upward in recent weeks.
treasurydirect.gov/instit/annceresult/press/preanre/2025/BBR_20250610174000.pdf
Can someone please explain why the USA buys back its debt instead of paying the debt?
👉🏽ZeroHedge: Would you look at that: companies are eating tariff costs, as margin pressures persist for an 8th straight month
👉🏽The most important geopolitical question is who will be faster, China getting independent from US chips, or the US getting independent from Chinese rare earths. I‘m afraid the answer won’t be pretty for the West. - Michael A. Arouet Maybe the next statement and chart will give you an answer...
👉🏽TKL: 'China is a critical supplier of rare earths: In 2024, China mined ~270,000 metric tonnes of rare earths, accounting for 69% of global production. Chinese rare earth production has TRIPLED since 2014, according to US Geological Survey data. By comparison, the US and Myanmar produced 45,000 and 31,000 tonnes, or 11% and 8% of the global production, respectively. Importantly, China also accounts for ~90% of the world's total refining capacity, according to IEA data. This means China is the primary location for transforming mined rare earths into usable materials. The US needs China's rare earths.'
👉🏽US government interest payments on debt are nearing 4.6 % of GDP This is the highest level among developed economies Let that sink in.
On the 13th of June:
👉🏽JP Morgan warns oil could spike to $130 if Iran conflict escalates, driving U.S. inflation back up to 5%.
👉🏽China continues to secretly buy 10x more gold (27 tonnes) than it reports (3 tonnes)
On the 14th of June:
👉🏽Gold overtook the euro as the #2 reserve asset last year.
Top three by market share:
- Dollar: 46%
- Gold: 20%
- Euro: 16%
Source: www.ft.com/content/0d175cad-db7c-4dc2-83a8-90736f96f198
And central banks have been buying nearly four times more gold than what has been publicly disclosed, according to Bloomberg.
👉🏽The Strait of Hormuz moves 26% of the world’s oil. With everything going on today… read the following tweet: x.com/onechancefreedm/status/1933696807021752580
👉🏽U.S. Army swears in senior tech leaders from Meta, Palantir, and OpenAI as lieutenant colonels to be part-time advisors. I'm sure they have our best interests at heart! What possibly could go wrong, right!?
👉🏽'The global stock market cap to global GDP ratio is now at 117%, the second-highest in history. This ratio has increased by 27% over the last 5 years and sits only below 2022 levels. Since 2008, the global market cap has risen twice as fast as as global GDP. To put this into perspective, at the 2000 Dot-Com Bubble peak, this percentage was at 110%. Meanwhile, the US stock market cap to GDP ratio has reached a massive 201%, just 4 percentage points away from an all-time high. Valuations are rising far faster than economic growth.' -TKL
On the 16th of June:
👉🏽'How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest on $37 trillion in govt debt?
Annually: US govt total revenue = about $5 trillion
US govt interest on debt = about $1.2 trillion
US govt spending = about $7 trillion - WallStreetMav
🎁If you have made it this far, I would like to give you a little gift: For my Dutch readers/followers...
Broken Money is now available in Dutch:
Geldnood van Lyn Alden is nu overal verkrijgbaar, zowel als paperback en eBook! In een tijd waarin wereldeconomie en geopolitiek in snel tempo veranderen, is het begrijpen van de onderliggende monetaire systemen belangrijker dan ooit. Dit boek biedt een onmisbare sleutel tot het ontcijferen van de complexe realiteit waarin we leven. Konsensus Network: bitcoinbook.shop/products/geldnood?Format=Paperback
Bol.com: www.bol.com/be/nl/p/geldnood/9300000232167794
Credit: I have used multiple sources!
My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly.
Use the code SE3997
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀ ⠀
⠀⠀ ⠀ ⠀⠀⠀
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⭐ Many thanks⭐
Felipe - Bitcoin Friday!
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