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The 3 Bitcoin Treasury Company Models According to Michael Saylor

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Bitcoin Magazine The 3 Bitcoin Treasury Company Models According to Michael Saylor As Bitcoin becomes a strategic asset class in public markets, a new class of corporate entity is emerging: the Bitcoin treasury company. These are firms that accumulate Bitcoin on their balance sheet as a core part of their capital strategy, leveraging it to unlock asymmetric upside, financial durability, and institutional credibility. But not all Bitcoin treasury companies are the same. In fact, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy) , recently outlined a clear taxonomy for understanding the landscape: a three-tiered hierarchy that separates dabblers from dominators. Each tier comes with distinct incentives, risks, and expected outcomes. For investors, analysts, and executives, understanding this framework is essential for evaluating capital strategy in the age of Bitcoin. 1. The Pure Play Bitcoin Treasury Company This is the highest-conviction model—a company t...

Bitcoin Price Slides to $110,000 as U.S. Government and BlackRock Move Millions in Crypto

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Bitcoin Magazine Bitcoin Price Slides to $110,000 as U.S. Government and BlackRock Move Millions in Crypto Bitcoin price slipped from 24-hour highs near $116,000 to around $110,000 overnight, as large on-chain movements from both the U.S. government and BlackRock fueled speculation about potential institutional repositioning. According to on-chain analytics, the U.S. government transferred 667.6 BTC, worth roughly $74.8 million, to a new wallet early this morning. The move immediately sparked concerns that the coins — likely seized from prior law enforcement actions — could be en route to an exchange for liquidation.  The transfer likely stems from the U.S. government’s August 2025 conviction of Sergei Potapenko and Igor Turogin in the Hashflare mining fraud case, according to Alex Thorn, Head of Firmwide Research at Galaxy Digital. Rather than a sale, the move appears to mark the formal forfeiture of the Bitcoin to U.S. government control — either for custody under the At...

Cypherpunks (Don’t Just) Write Code

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Bitcoin Magazine Cypherpunks (Don’t Just) Write Code Inspired by a conversation with Fedi’s Obi Nwosu–about the often single-line focus in Eric Hughes’ “A Cypherpunk’s Manifesto” (1993)  Cypherpunk Manifesto Wordcloud by Obi Nwosu generated via  www.wordclouds.com “Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.” —  Eric Hughes, “A Cypherpunk’s Manifesto” (1993) It’s All About Privacy In  The Cypherpunk Manifesto ,  privacy  is mentioned twenty-four times. It is the  central theme , the  foundation , and the  driving purpose  of the entire call to action. Yet, in popular discussions, people often focus on a single line: “Cypherpunks write code.” —  Hughes, 1993 That focus...

Bitcoin Price Crash Sparks Debate Over Bull Market Fate

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Bitcoin Magazine Bitcoin Price Crash Sparks Debate Over Bull Market Fate The bitcoin price has experienced a dramatic plunge, delivering one of the most severe sell-offs in crypto history over the past week. Over $19 billion in positions were liquidated in a matter of hours, with more than 1.6 million traders forced out of the market, the largest liquidation event ever recorded. Many altcoins plunged over 80%, leaving investors questioning whether the Bitcoin bull market has finally topped. Bitcoin Price: Has the Bull Market Ended? While the crash was brutal, the data doesn’t suggest the end of the bull cycle. BTC is now over 1,050 days into its current cycle — similar timing to the 2017 and 2021 peaks — but the broader backdrop looks different. Bitcoin’s behavior today is less about its halving schedule and more tied to Global Liquidity and the traditional business cycle. Global M2 growth has recently flattened, but rate cuts are now being priced in for late 2025. In every pre...

Cake Labs Launches xStocks in Cake Wallet, Enabling Worldwide Crypto Users to Trade Top Equities

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Bitcoin Magazine Cake Labs Launches xStocks in Cake Wallet, Enabling Worldwide Crypto Users to Trade Top Equities Cake Wallet, a mobile cryptocurrency app with a strong privacy focus, has recently announced the integration of xStocks to its supported tokens, to be released on the next update. The xStocks technology allows users throughout the world to get exposure to world-class equities like Google, Amazon, and Nvidia, in a familiar crypto format, minimizing the low privacy and high-friction user experience common to traditional finance. “With Cake Wallet, anyone can be their own bank and their own brokerage, saving and investing from the same decentralized ecosystem,” said Vikrant Sharma, CEO of Cake Labs. Alex J., Chief Product Officer (CPO) at LetsExchange, also commented on the announcement in a press release shared with Bitcoin Magazine, saying, “It is great to see xStocks trading available in Cake Wallet, one of the most trusted wallets in the crypto space.” xStocks will ...

Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada

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Bitcoin Magazine Bitcoin-Miner Canaan ($CAN) to Turn Flared Gas Into Computing Power in Canada In a move that blends energy innovation with digital infrastructure, Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, designed to turn stranded or flared natural gas into power for Bitcoin mining and high-performance computing. The initiative, developed in partnership with Aurora AZ Energy, marks a step for Canaan as it explores how waste gas — often burned off at remote wells — can instead fuel computing power directly at the source. The pilot will install over $2 million worth of Avalon A15 Pro miners and modular data centers at wellheads, delivering roughly 2.5 megawatts of computing capacity with a guaranteed 90% uptime. Canaan’s stock started in the green and is currently up 22% on the news to $1.33 per share. At its core, this “gas-to-compute” system is an experiment in efficiency : using off-grid energy that would otherwise pollute to power one of the w...

‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea 

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Bitcoin Magazine ‘Our Allegiance Is With Bitcoiners’: Steak ‘n Shake Scraps Ethereum Payment Idea  American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters. The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum. Nearly 49,000 votes were cast, with 53% in favor. However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted . Vitalik Buterin, Ethereum co-founder, defended Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love ...

The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase

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Bitcoin Magazine The ‘Strategy of Latin America’ OranjeBTC Expands Holdings With $1.94M Bitcoin Purchase OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025. As of October 13, the OranjeBTC now holds 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin. Brazil’s First Pure-Bitcoin Public Company OranjeBTC began trading last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets. Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin holder.  The “Strategy of Latin America” The company’s model closely mirrors Strategy’s playbook in the United States: issue convertible debt, raise capital, and buy Bitcoin. Just today, Strategy announced the purchase of 22...

Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin

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Bitcoin Magazine Bitcoin Price Rebounds Above $114,000 As Strategy Buys 220 More Bitcoin Bitcoin price has recovered above $114,000 following Strategy’s latest Bitcoin purchase announcement , as corporate treasury adoption of Bitcoin continues to accelerate. The world’s largest corporate bitcoin holder revealed it acquired an additional 220 BTC for approximately $27.2 million, at an average price of $123,561 per bitcoin. Strategy now holds 640,250 BTC worth, representing about 3.1% of Bitcoin’s total supply. The latest purchase was funded through proceeds from the company’s various at-the-market (ATM) offering programs, which raised $27.3 million during the period of October 6-12, 2025. Strategy’s continued Bitcoin accumulation comes amid a broader trend of companies adding Bitcoin to their corporate treasuries. DDC Enterprise Limited recently completed a $124 million equity financing round to advance its bitcoin treasury strategy. BREAKING: STRATEGY BUYS ANOTHER 220 #BI...

How the Bitcoin Everything Indicator Improves Bitcoin Price Prediction

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Bitcoin Magazine How the Bitcoin Everything Indicator Improves Bitcoin Price Prediction In this week’s analysis, we explore what happens when every significant Bitcoin data point — from on-chain activity to macroeconomic liquidity — is merged into one unified model designed to refine bitcoin price prediction. This is the Bitcoin Everything Indicator , built to capture every key driver of BTC price action in a single, dynamic framework. But as Bitcoin evolves, and as institutions and global markets reshape its behavior, we’ll also look at how adapting this model to changing conditions can make it even more powerful. A Comprehensive Bitcoin Price Model Over the years, analysts have created countless “all-in-one” indicators to measure Bitcoin’s valuation across its cycles. However, most of them rely too heavily on a single data type — such as on-chain activity, miner profitability, or technical charting patterns — often ignoring the macroeconomic shifts that now play a critical rol...