Bitcoin Magazine (News Bot)

by Bitcoin Magazine (News Bot) Mar 3, 2026 · Edited

Digital Credit: Strategy World Research Note For Institutions, Corporations, and Operators

Bitcoin Magazine Digital Credit: Strategy World Research Note For Institutions, Corporations, and Operators I went to Strategy World last week. On the Bitcoin side, this conference might as well have been called “Stretch World.” STRC (Strategy Variable Rate Perpetual Stretch Preferred Shares) was the main item of discussion. SATA, another variable rate digital credit instrument issued by Strive, was also frequently mentioned. Here are my thoughts, mainly addressed for institutional investors, corporations, operators, and analysts in the Bitcoin space The Most Efficient Bitcoin Onramp Strategy has decisively gone all-in on STRC, aiming to turn STRC into the biggest success story ever. The widespread adoption of STRC is potentially the most effective vector for Bitcoin adoption ever. To really understand why, we need to understand two things. First, STRC’s value proposition is very easy to communicate to anyone within 10 seconds. Even though Strategy is probably not going to pitch it this way, most informed people think of STRC as a high yield cash alternative. Note that “cash alternative” and suggestions of being a “money market fund” incurs certain legal baggage from the use of such terminology. But this is largely the economic effect of STRC, since it is designed to trade very close to its $100 par price while throwing off high yields (now 11.5%, though this is a variable rate instrument so it will change). Compare this very simple value proposition—high yield cash surrogate—to that of bitcoin’s. The median individual (and I’d argue up to 90% of individuals) will choose STRC over bitcoin. In fact, STRC does something that the spot Bitcoin ETFs never could, because STRC turns bitcoin into something that better meets the everyday needs of most people. The second point is that Strategy uses the dollars raised by selling STRC to buy bitcoin, so someone buying STRC from Strategy’s ATM offering is effectively causing that money to go into bitcoin. Of course, we must not get the idea that every dollar invested in STRC is a dollar invested in bitcoin, since it is possible for one to buy the STRC shares from another STRC holder, who will likely not use that money to buy bitcoin. The point is that STRC opens the bitcoin market to buyers who would not consider or understand the value proposition of bitcoin. Taken together, I believe STRC is the most efficient bitcoin onramp ever created. It may not be the onramp that most OG Bitcoiners imagined, but it is ultimately the one that works for the most people that can attract the most capital. The capital STRC is drawing in is honestly pretty insane. It was the largest IPO in 2025. And it was a preferred stock! Since then almost an additional billion dollars have been issued via the ATM program. The ATM issuance makes up for 19% of STRC shares outstanding today. Over $3 billion has flowed into bitcoin thanks to STRC. At Strategy World, multiple companies announced they were using STRC as a treasury asset. This should not be surprising. Corporations need to park working capital and STRC is easily the best risk-adjusted vehicle for doing so. Corporations have bought each other’s commercial paper for a long time, but the yields on these are low and there is no tax advantage. STRC fixes this. It’s the best bitcoin onramp because it is palatable to the highest number of entities. Layer 3 and Digital Money To me, BTC is already digital money, and Layer 3’s and Layer 2’s denote technical infrastructure to scale the portability of BTC (ie. Lightning or Ark). So this terminology has always seemed problematic to me, but it is what is used (and likely what will stick) so we will just roll with it. Saylor calls bitcoin “Digital Capital”. This is Layer 1. On top of that, STRC and SATA and other credit instruments issued by Bitcoin treasury companies would be Layer 2, or “Digital Credit”. Digital Credit strips away the risk and upside of bitcoin, and the excess risk and upside is absorbed by the common equity. The structure, as we covered above, provides an optimized form of indirect bitcoin exposure that is more palatable to the median investor. Finally, using Digital Credit, one could create “Digital Money” or Layer 3. Digital Money, under this framework, is effectively a savings account or stablecoin token or fund that has stripped the volatility to nearly 0 while passing off much of the yield from Digital Credit. This can be done using a number of different techniques that involve risk management, buffers, and tail hedges, but I will not elaborate here. The core challenge of creating these seems to be in choosing the optimal structure that balances legal compliance with profitability for the Layer 3 issuer. The actual trading and risk management is trivial. Layer 3 is so interesting because it is probably how Digital Credit gets an order of magnitude boost in its distribution and addressable market. You see, even though some people would like to hold STRC or SATA, they might not be able to because they are unbanked or lack a U.S. brokerage account. They might also find the possibility of the last bit of volatility unpalatable. The Digital Money concept could address both of these pain points, and bring bitcoin to many more marginal pools of capital. The endgame would be if Digital Money can be used as a spending account, where users and merchants can pay and be paid in Digital Money. In the extreme long run, assuming ample distribution of Layer 3 Digital Money and minimal market frictions, the nominal return of these Digital Money instruments would probably converge with the bitcoin CAGR, which would permanently close the bitcoin-fiat carry trade done by Bitcoin treasury companies. This to me is the most likely form of Hyperbitcoinization. Companies that are working on Layer 3 solutions deserve a close look from VC. (Levered) Digital Credit as a Risk Parity Sleeve Risk parity is a portfolio strategy popularized by Ray Dalio years ago at Bridgewater. It aims to equalize the risk contribution of different assets, taking advantage of the diversification free lunch offered by holding de-correlated assets. The idea is that if bonds generate a third of the volatility of stocks, then a risk parity strategy might go 3x long bonds so that the contribution of portfolio risk from the bonds is identical to that of stocks (we are missing some covariance math here, but this is the gist). Risk parity basically levers up the least volatile and most uncorrelated assets so that it can serve as a cushion or return driver, depending on market regimes. Some readers might recognize that this is related to the “all weather portfolio” concept. Even though risk parity has its faults (the whole thing is synthetically short volatility and short correlation, which introduces fragility at tails), it has found a place amongst asset allocators. Digital Credit is very non-volatile. If STRC behaves like the instrument it is engineered to be, then its realized volatility should look closer to short-duration credit than to equity, long-term bonds, or commodities. In short, cash-like but with positive real returns. A risk parity allocator can then scale up STRC exposure without blowing up portfolio volatility. And unlike cash or front-end T-bills, STRC delivers meaningful positive carry while staying price-anchored to par. In short, it is an excellent supplement to a risk parity portfolio’s credit allocation. Leveraged Digital Credit as a fund concept was mentioned in a presentation, along with “buffered” Digital Credit (for instance a 50/50 split between STRC and T-bills for lower yield but less volatility). Both have potential. A Secondary Market Carry Trade One interesting trade that can be done in this context is to borrow at lower rates and buy Digital Credit yielding higher rates. The simplest implementation is via margin at a brokerage. Given a margin rate of 8% compounded daily, STRC that pays 11.5% with monthly dividends can still earn a positive carry after paying for the margin. Margin debt is ultra-low duration and callable, so one cannot be too levered up on it or else a bigger dip in the STRC price might lead to a margin call and liquidation. It might be possible to pair trade SGOV and STRC to earn the spread, but this depends on borrow rates for SGOV. I think a better way is to finance with box spreads. This gives a cost of capital at near the risk free rate, and it is a “bullet bond” rate that is paid at maturity (expiry of the box spread). This carry trade done by retail and institutions alike in the secondary market is sure to bring more liquidity and opaque leverage to the ecosystem. Long term opportunity, and also risks worth watching. Digital Ouroboros and Incestuous Credit Here is a concept I heard at the conference: “Imagine if Strategy bought SATA for its cash reserves and Strive bought STRC for its cash reserves. Both sides have more yield right? More value is created!” At this point we are probably getting into the realm of things we should not do. Cash reserves are meant to give the perception that dividends will be supported even if the company has hard times (read: Bitcoin bear market). Unfortunately, if the cash reserve is in Digital Credit which sells off and de-pegs in a Bitcoin crash, then the reserve wouldn’t really be much of a reserve. Also, keep in mind that the cash reserve is partly responsible for a perception of mitigated risk, which compresses credit spreads. If the reserve was in fact not able to mitigate risk of Digital Credit because the reserve was itself Digital Credit, then the Digital Credit instrument that is supposed to be supported by the reserve will also fail more quickly under stress. Like the snake who eats its own tail and consumes itself. I don’t foresee such incestuous credit use in the major issuers, but something like this might appear in smaller treasury companies that are desperate for more income. Using STRC for working capital is one thing (and suitable in most cases). A cash reserve meant to protect credit investors is a different thing. This is perhaps another possible risk worth watching. An interesting thought would be a sufficiently tail hedged Layer 3 being the reserve. As long as downside correlation to BTC is removed, it probably works. Conclusion Strategy World was wonderful. I highly recommend it. Disclaimer: This content was written on behalf of Bitcoin For Corporations. This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase or subscribe for securities. This post Digital Credit: Strategy World Research Note For Institutions, Corporations, and Operators first appeared on Bitcoin Magazine and is written by Allard Peng.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

As Bombs Fall on Tehran, Iran’s Crypto Lifeline Lights Up

Bitcoin Magazine As Bombs Fall on Tehran, Iran’s Crypto Lifeline Lights Up Within minutes of the first U.S.-Israeli missiles striking Tehran on Saturday morning, a different kind of exodus was already underway. Crypto outflows from Nobitex, Iran’s largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment.​ Nobitex processed $7.2 billion in crypto transactions in 2025 and serves more than 11 million users, Elliptic said. It allows Iranians to convert rials into crypto and withdraw to external wallets which is a direct pipeline around the country’s crippled banking system and the web of international sanctions choking it. Elliptic’s initial tracing of the weekend’s outflows shows funds flowing to overseas exchanges that have historically received significant Iranian inflows, suggesting the crypto is being moved out. Elliptic flagged similar spikes earlier this year: a massive outflow on January 9 coincided with widespread anti-regime protests and a government-imposed internet blackout. Even during that blackout, some outflows continued, raising questions about who retains access to Nobitex’s holdings when the platform’s website goes dark. Two additional surges aligned with announcements of fresh U.S. sanctions on Iranian actors. Each time, crypto served as the escape hatch.​ “The outflows potentially represent capital flight from Iran that bypasses the traditional banking system,” said Dr. Tom Robinson, Elliptic’s co-founder. Bitcoin’s weekend rollercoaster The strikes — codenamed Operation Roaring Lion by Israel and Epic Fury by the Pentagon — hit at 9:45 a.m. Tehran time on Saturday, targeting nuclear facilities, missile sites, and the Pasteur district in the capital where Supreme Leader Ayatollah Ali Khamenei resided. Iran confirmed Khamenei’s death hours later, along with other top officials. Crypto markets reacted instantly. Bitcoin plunged from roughly $67,000 to below $64,000, shedding nearly 5% in minutes. The total crypto market capitalization dropped $128 billion as forced liquidations cascaded across exchanges. Then came the snapback. The news of following events briefly pushed Bitcoin above $68,000, as traders speculated the regime’s decapitation might shorten the conflict. But the rally fizzled as Iranian retaliation — missiles and drones launched at Israel, Qatar, the UAE, Bahrain, and U.S. bases across the region — made clear this was no contained event. By Sunday afternoon, Bitcoin had settled around $65,300. At time of writing, Bitcoin is flirting with $70,000. “The positive performance of the crypto market today can be explained primarily by a significantly more restrained reaction than anticipated,” Thomas Probst, a research analyst at Kaiko, wrote to Bitcoin Magazine. He noted that when U.S. equities opened slightly positive on Monday, it reinforced the upward bias, with Bitcoin approaching $70,000 and major altcoins posting gains of 6–10%. Open interest also climbed on February 28, showing that traders were adding new positions rather than reducing exposure ahead of the event. According to Axis, this behavior indicates that the market had largely priced in the geopolitical developments and was no longer viewing them as a major threat. Still, the options market tells a more cautious story. On Deribit, $1.9 billion in Bitcoin put options were stacked at the $60,000 strike price over the weekend — heavy demand for downside protection that suggests sophisticated traders are hedging for worse to come.​ Timot Lamarre, director of market research at Unchained, said bitcoin’s reaction to periods like this challenges the idea that it trades only as a risk-on tech proxy and instead reflects growing recognition of its role in times of counterparty risk. “Much like we saw during the banking crisis of 2023, when the market runs to bitcoin in chaos, it gives a glimpse into more people understanding bitcoin’s value in a chaotic world full of counterparty risk,” Lamarre wrote to Bitcoin Magazine. A conflict beyond crypto The conflict’s economic ripple effects extend well beyond crypto. Iran’s Islamic Revolutionary Guard Corps announced that no vessels would be permitted to cross the Strait of Hormuz, through which roughly 20% of the world’s daily oil supply passes. Oil futures surged at Monday’s open. Goldman Sachs has projected oil could hit $100 per barrel if the conflict persists for the four to five weeks that President Trump suggested in remarks over the weekend. For Bitcoin, the Iran crisis underscores a fundamental tension. Crypto was built to operate outside state control — and Nobitex’s 700% outflow spike proves it can. But that same utility makes it a front line in the shadow financial war between Western sanctions regimes and adversary states. This post As Bombs Fall on Tehran, Iran’s Crypto Lifeline Lights Up first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

St. Cloud Financial Credit Union Rolls Out Core-Integrated Digital Asset Platform for Members

Bitcoin Magazine St. Cloud Financial Credit Union Rolls Out Core-Integrated Digital Asset Platform for Members St. Cloud Financial Credit Union (SCFCU) announced the launch of its CU-Digital Asset Vault, a digital-asset platform built specifically for credit union members. Essentially, the Vault integrates directly with the credit union’s core systems, allowing members to hold and manage digital assets – like Bitcoin – while keeping the credit union in control of data, governance, and member relationships. The Vault uses DaLand’s CUSO’s Coin2Core architecture to connect digital-asset activity to SCFCU’s existing infrastructure. Unlike many digital-asset services that hand off wallets — and along with them, control of member relationships, deposits, and data — to outside providers, the Vault keeps management in the hands of the credit union. Members stay in control of their own assets through a hybrid self-custody system, while SCFCU adds institutional-level safeguards and reporting, the credit union said in a press release seen by Bitcoin Magazine. “Credit unions need an operating model that protects the member relationship and works over the long term,” said Jed Meyer, CEO of SCFCU. “This Vault keeps the credit union at the center while giving members ownership and security.” Many early digital-asset services depend on third-party wallets or vendors that sit outside a financial institution’s systems. That setup can create a fragmented experience for users and limits the institution’s view of member activity. SCFCU’s Vault works differently. By bringing digital assets directly into its core operations, the credit union can oversee transactions, manage risk, and keep data in-house. The digital assets stay in hybrid control The platform also allows for board-level oversight and supports regulatory compliance, staying true to the cooperative principles that define credit unions. Jon Ungerland, CIO and Chief of Staff at DaLand CUSO, said Coin2Core was built to expand the value of the credit union’s existing systems. “Traditional vendor wallets pull deposits and member relationships away from the credit union. Coin2Core connects digital-asset activity to the core, allowing credit unions to remain trusted depositories and service providers while supporting digital-asset ownership,” Ungerland said. SCFCU designed the Vault to support future capabilities beyond basic safekeeping. The platform can evolve to include network connectivity, transaction services, and credit use cases without requiring members to switch platforms or re-learn processes. By anchoring digital assets at the core level, SCFCU said credit unions can expand services as digital wealth infrastructure develops. The CU-Digital Asset Vault has been available to eligible SCFCU members since February 9, 2026. Feature availability, limits, and policies follow SCFCU governance standards and applicable regulatory guidance. Meyer emphasized that digital assets are becoming financial infrastructure. “Credit unions now face a choice: remain the trusted gateway for their members’ digital wealth, or allow that relationship to shift to third parties,” he said. This post St. Cloud Financial Credit Union Rolls Out Core-Integrated Digital Asset Platform for Members first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

Bitcoin Price Pumps 7% in Early Trading to Over $70,000

Bitcoin Magazine Bitcoin Price Pumps 7% in Early Trading to Over $70,000 The bitcoin price is on the move again this morning, pumping sharply from the mid‑$65,000 range to push toward $70,000, representing roughly a 6% gain in just a few hours as leveraged short positions face heavy liquidations. Last week, Bitcoin price briefly surged past $69,000 on February 25 before retreating over the weekend, falling back to around $65,000. The move today comes after a volatile weekend marked by heightened geopolitical tensions in the Middle East, when joint U.S. and Israeli strikes on Iranian targets, including reports of attacks near Tehran and Iran’s leadership, and then Iran’s retaliatory actions rocked risk assets across global markets. Bitcoin initially sold off sharply over the weekend, dipping as low as the low $63,000s as markets digested the news. But, within a couple of hours, the price rebounded back to levels it was at before the news. BREAKING: Bitcoin pumps to $70,000! pic.twitter.com/T19FURmKcu — Bitcoin Magazine (@BitcoinMagazine) March 2, 2026 Bitcoin price analysis Macro conditions continue to influence Bitcoin’s trajectory. Elevated U.S. interest rates and persistent inflation signals have kept the opportunity cost of holding non-yielding assets high, limiting aggressive upside moves. Meanwhile, geopolitical developments—including the conflict in Iran—have amplified short-term swings but have not fundamentally shifted Bitcoin’s broader trend. Investor sentiment remains cautious, with the Crypto Fear & Greed Index hovering near extreme fear, reflecting hesitancy to push prices significantly higher amid ongoing uncertainty. Bitcoin price is also on track for a historically weak first quarter, down more than 25% in 2026, marking its worst Q1 performance since 2014, according to Bitcoin Magazine Pro data. Historical patterns suggest that bear markets in dollar terms can extend 12 to 13 months, potentially stretching through late 2026. However, when priced in gold, the market may be closer to a bottom, with some analysts pointing to a possible rebound beginning this month. Large-scale investors are also increasingly treating the current environment as an accumulation zone, suggesting that long-term holders are positioning for future gains even as retail activity remains subdued. Earlier today, Strategy ($MSTR) bought 3,015 bitcoin for roughly $204 million, raising its total holdings to 720,737 BTC, worth over $47 billion. The purchases, made between Feb. 23 and March 1 at an average price of $67,700 per coin, were funded through at-the-market sales of common and preferred stock. With bitcoin trading near $65,500, the company now controls more than 3.4% of the total 21 million bitcoin supply, maintaining its status as the largest publicly traded corporate holder. At the time of writing, the bitcoin price is $69,882. This post Bitcoin Price Pumps 7% in Early Trading to Over $70,000 first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults

Bitcoin Magazine Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults Cake Wallet has announced the integration of Bitcoin’s Lightning Network into its advanced privacy wallet. The move comes after a series of Bitcoin-specific updates that put Cake at the forefront of mobile wallets across the broader crypto industry. This is not Cake Wallet’s first inroad into advanced Bitcoin features. Unlike most multi-coin wallets such as Binance’s popular Trust Wallet, Cake has gone a lot further than just supporting basic on-chain addresses. Cake has deployed some of Bitcoin’s more sophisticated technology, such as Silent Payments and Payjoin, powerful privacy technologies that most other blockchains and crypto wallets are not even close to. Features of this sort protect users from a wide range of risks, such as targeted scams, as third parties have a harder time tracking user behaviour across the blockchain. The Lightning Network integration brings Cake wallet into a small group of wallets that support Bitcoin’s fast payments layer with self-custody and privacy in mind. The update is powered by the Breez SDK and Spark, which unlocks self-custody control for users without the need to manage a lightning node. On the privacy front, Cake has a custom implementation of the Spark suite, which further protects user privacy. In a press release shared with Bitcoin Magazine, the company said, “Lightning transactions in Cake Wallet do not embed your Spark address in Lightning invoices, and transaction data is not published to public explorers by default. Visibility is intentionally limited, reducing unnecessary exposure of user activity and safeguarding user privacy.” Seth for Privacy, COO of Cake Wallet, highlighted that “Lightning should not require users to sacrifice privacy or custody just to get speed,” adding that “what we have today makes Lightning practical with solid privacy defaults, simple self-custody, and a clear on-chain exit.” Vikrant Sharma, CEO of Cake Labs, also commented on the announcement, adding that “with Breez and Spark, Lightning finally reaches a point where it can be fast and intuitive without turning bitcoin into an IOU or giving up control. This is the first time Lightning felt aligned with the principles Cake was built on.” This latest Cake Wallet update also rolled out a variety of improvements to the user interface, including social features like Birdpay, which lets users send crypto to X.com accounts by simply sending to their username. In recent months, Cake also added support for xStocks, letting users trade and invest in tokenized equities, a breath of fresh air from the tsunami of meme coins and hype chains that have, up until recent years, flooded the broader crypto market. This post Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults first appeared on Bitcoin Magazine and is written by Juan Galt.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

Strategy ($MSTR) Buys $204 Million in Bitcoin, Holdings Climb to 720,737 BTC

Bitcoin Magazine Strategy ($MSTR) Buys $204 Million in Bitcoin, Holdings Climb to 720,737 BTC Strategy purchased more than $200 million in bitcoin last week, lifting its total holdings to 720,737 BTC valued at more than $47 billion. The company, led by Executive Chairman Michael Saylor, disclosed in their usual Monday filing that it acquired 3,015 bitcoin between Feb. 23 and March 1 for approximately $204.1 million. The average purchase price was $67,700 per coin. The company now holds 720,737 BTC acquired for about $54.77 billion, or an average price of roughly $75,985 per bitcoin. With bitcoin trading near $65,500 on Monday morning, the company’s position reflects an unrealized loss based on its aggregate cost basis. Measured against bitcoin’s 21 million supply cap, the company controls more than 3.4% of the total eventual issuance, reinforcing its position as the largest publicly traded corporate holder of the asset. The latest purchases were funded through at-the-market sales of common and preferred stock. According to the filing, Strategy sold 1,730,563 shares of its Class A common stock, MSTR, generating approximately $229.9 million in net proceeds. As of March 1, about $7.6 billion in common shares remained available for issuance under the program. The company also sold 71,590 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, raising about $7.1 million after commissions. Billions of dollars in preferred stock capacity remain available across multiple programs. Strategy’s capital markets activity forms part of its “42/42” plan, which targets $84 billion in equity offerings and convertible notes through 2027 to fund additional bitcoin acquisitions. The firm maintains several perpetual preferred instruments with varying dividend structures and risk profiles, including STRK, STRF and STRD. The disclosure marks Strategy’s 101st bitcoin purchase since it began accumulating the asset in 2020. The company has financed its buying strategy through a mix of equity issuance, convertible debt and preferred stock offerings, tying its corporate treasury strategy to bitcoin’s long-term price performance. Last week, Strategy reported the purchase of 592 BTC for approximately $39.8 million at an average price of $67,286 per coin, bringing its total at that time to 717,722 BTC. The newest acquisition adds to that position amid a period of price consolidation for bitcoin. Strategy’s STRC dividend increase Strategy said its board approved an increase to the annual dividend rate on STRC shares, raising it to 11.5% from 11.25% for monthly periods beginning March 1. The move marks the seventh straight dividend hike since July 2025, as the company seeks to bolster the preferred stock’s appeal and draw in income-focused investors. Shares of Strategy, which trade on the Nasdaq under the ticker MSTR, were down 1.5% in early trading Monday. Saylor signaled the pending purchase on Sunday, Mar. 1, by posting an update to the company’s bitcoin acquisition tracker, continuing a pattern of social media hints that precede formal disclosures. This post Strategy ($MSTR) Buys $204 Million in Bitcoin, Holdings Climb to 720,737 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Mar 2, 2026 · Edited

ProCap Financial (BRR) Buys 450 Bitcoin and Doubles Down on NAV-Accretive Strategy

Bitcoin Magazine ProCap Financial (BRR) Buys 450 Bitcoin and Doubles Down on NAV-Accretive Strategy ProCap Financial, Inc. continued its twin strategic thrusts this week with the acquisition of 450 Bitcoin, bringing its total holdings to 5,457 BTC and lowering its average cost basis per coin, the company announced. The aggressive accumulation comes as Bitcoin trades near $65,000, presenting what management views as a long-term buying opportunity amid broader market volatility. Chairman and CEO Anthony Pompliano said the Bitcoin purchases enhance the company’s balance sheet and position it to benefit from future upward movements in the flagship cryptocurrency. “We are doing two things at the same time: buying Bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” Pompliano said. “Both actions are accretive to our shareholders.” ProCap’s 5,457 Bitcoin holding now ranks it among the top 20 largest publicly traded corporate holders of BTC, according to Bitcointreasuries.net. The company financed the latest acquisition through working capital and option exercises, deploying roughly $35.4 million in the transaction, according to an SEC filing posted March 2. But ProCap’s strategy isn’t limited to digital assets. Alongside Bitcoin accumulation, the firm has embarked on an intense share repurchase campaign aimed at shrinking what has been a significant discount between its market price and net asset value (NAV). ProCap’s aggressive buybacks to close NAV discount Since late December 2025, ProCap has been executing an open-market share repurchase program that has gained momentum in early 2026. The board approved a $100 million buyback authorization late last year, giving management the flexibility to repurchase shares while the stock trades meaningfully below intrinsic value. Over the past several weeks, the company has bought back shares at steep discounts: 148,241 shares at roughly a 35% discount to NAV on Feb. 20. 155,561 shares at around 32% below NAV on Feb. 23. 158,796 shares at approximately 30% discount on Feb. 24. 159,904 shares at an approximate 25–28% discount on Feb. 25–26. Altogether, recent buybacks have totaled over 700,000 shares — a substantial repurchase pace given the roughly 82.6 million shares outstanding. Pompliano has repeatedly framed the repurchases as “capital allocation 101,” arguing that buying back stock at deep discounts to estimated NAV boosts per-share value for long-term holders. “If the market wants to irrationally sell us shares below NAV, we will keep aggressively buying them,” he said. Investors have taken note: the continued buybacks have helped narrow the discount to NAV over the past week, even as the company maintains that the work isn’t finished. Management has reiterated that buybacks will continue “for as long as BRR trades at a significant discount to NAV.” This post ProCap Financial (BRR) Buys 450 Bitcoin and Doubles Down on NAV-Accretive Strategy first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 27, 2026 · Edited

Senate Democrats Press DOJ, Treasury to Probe Binance Over Trump Ties, Iran Sanctions Allegations

Bitcoin Magazine Senate Democrats Press DOJ, Treasury to Probe Binance Over Trump Ties, Iran Sanctions Allegations Eleven Democrats on the U.S. Senate Banking, Housing, and Urban Affairs Committee are pressing the Trump administration to investigate Binance over allegations that the exchange facilitated illicit finance activity tied to Iran and may be violating its 2023 federal settlement. In a letter sent Friday to Attorney General Pam Bondi and Treasury Secretary Scott Bessent, the senators urged the Justice Department and Treasury to conduct a “prompt, comprehensive review” of Binance’s sanctions compliance controls. The lawmakers cited recent media reports alleging that billions of dollars in digital assets flowed through the platform to Iranian entities, including groups linked to terrorism. The letter was led by Sen. Mark Warner and signed by Ranking Member Elizabeth Warren along with Sens. Chris Van Hollen, Jack Reed, Catherine Cortez Masto, Tina Smith, Raphael Warnock, Andy Kim, Ruben Gallego, Lisa Blunt Rochester and Angela Alsobrooks. According to the senators, Binance compliance personnel uncovered evidence last year that roughly $1.7 billion in digital assets had been routed through the exchange to Iranian entities, including the Iran-backed Houthis and the Islamic Revolutionary Guard Corps. In one instance, a Binance vendor allegedly moved $1.2 billion in funds connected to Iran-linked actors. The letter also claims that Iranian users accessed more than 1,500 Binance accounts and that the platform may have been used in efforts by Russian actors to evade sanctions. The lawmakers raised concerns that employees who identified the transactions were dismissed and that Binance has become less responsive to law enforcement requests. They argued that such actions would conflict with the company’s obligations under its 2023 plea agreement and related settlements. In 2023, Binance pleaded guilty to federal charges including violations of U.S. sanctions laws and anti-money laundering failures. The company agreed to pay more than $4 billion in penalties and committed to sweeping reforms under U.S. supervision, including enhanced know-your-customer procedures and sanctions screening. The senators contend that the latest reports call into question whether those reforms have been implemented and maintained. In its settlement with the Treasury’s Office of Foreign Assets Control, Binance committed to implement controls capable of identifying and blocking prohibited transactions. Allowing $1.7 billion in digital assets to move to sanctioned Iranian entities, they wrote, would be inconsistent with that commitment. Binance and President Donald Trump The letter also touched on Binance’s recent business relationships involving President Donald Trump and his family’s crypto ventures. Lawmakers pointed to the exchange’s promotion of USD1, a stablecoin issued by World Liberty Financial, a Trump family-backed project. According to the letter, Binance offered interest incentives for users holding USD1, assisted with technology related to the token and accepted a $2 billion investment tied to it. The senators further referenced Trump’s pardon last fall of Binance founder Changpeng Zhao, who had pleaded guilty to failing to implement an effective anti-money laundering program and served a four-month prison sentence. The lawmakers argued that these connections heighten the need for what they described as a “thorough, impartial” probe. Binance’s dubious ties with Russia Beyond Iran-related concerns, the letter cites Binance’s recent launch of crypto-linked payment cards in parts of the former Soviet Union. The senators warned that similar products have been used to bypass restrictions on the Russian financial system. They also noted the exchange’s partnership with Kyrgyzstan to launch a stablecoin and digital currency initiative, raising questions about exposure to sanctions evasion risks. “These allegations raise grave concerns that poor illicit finance controls at Binance remain a significant threat to national security,” the senators wrote. They warned that weak safeguards at the world’s largest digital asset exchange could allow terrorist groups or sanctions evaders to access the global financial system. A Binance spokesperson disputed the allegations, stating that the company detected and reported suspicious activity and that claims it retaliated against compliance staff are false. The company has said it remains committed to meeting its regulatory obligations under the 2023 agreements. The senators requested a response from Bondi and Bessent by March 13. This post Senate Democrats Press DOJ, Treasury to Probe Binance Over Trump Ties, Iran Sanctions Allegations first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 27, 2026 · Edited

DCTRL Vancouver: Iconic Bitcoin Hackerspace Closes Downtown Location After 12 Years Due to Zoning Changes

Bitcoin Magazine DCTRL Vancouver: Iconic Bitcoin Hackerspace Closes Downtown Location After 12 Years Due to Zoning Changes DCTRL, a Bitcoin hub and hacker space out of Vancouver, the fair-weather Canadian city, has announced the sunset of its downtown basement location, iconic among early adopters for its tinkerer mindset and hardware hacker culture. The community will be migrating to a new location in the coming weeks, and updates to the vision of the hub. The Vancouver Bitcoin community is renowned for having set up the first Bitcoin ATM in History, with DCTRL specifically having hosted a variety of renowned characters that, over the years, gave this industry much of its cultural and innovative flair. Visited by some of the most influential people in the Bitcoin and broader Crypto industry in its 12 year run, DCTRL is far from done being a hub of the Canadian Bitcoin and Crypto scene. Preparing to move due to a change in zoning laws, plans to relaunch in a new location are in the works, as active members consolidate the historical moments, relationships, and lessons learnt during perhaps the longest-running Bitcoin hackspace experiment in the young industry’s history. It all started at Waves cafe on Howe Street, in Vancouver. The Bitcoiniacs, a group of four OGs that operated a Bitcoin brokerage at the time — still active to this day — decided it was time to get the robots involved. So they rigged up an ATM to sell bitcoin to the public, rallied the local Vancouver tech, finance, and burgeoning crypto scene, and hosted a historical launch party. “The first Bitcoin ATM in the world was a massive event,” said Freddie Heartline, a Bitcoin enthusiast and co-founding member of the DCTRL hacker space. In an exclusive interview with Bitcoin Magazine, Heartline went on to recall the event, saying, “Oh man, the vibes were incredible. It literally felt like a really good rave. But it was smarter. Way smarter. That’s how it all came about, actually.” referring to the founding of DCTRL. The timing for the Bitcoin ATM event was perfect, it was October 2013 and bitcoin had just gone from a few dollars to almost 150, consolidated for a few weeks around 100 and was getting ready to take a shot at 1,000 a coin. The energy across the Bitcoin community as electric, this was the end of the longest bear market in Bitcoin history, in a way this rise in price was proof that Bitcoin was here to stay. The launch of the first Bitcoin ATM, as a result, made national and international news. The idea of a Bitcoin ATM being operational was considered a historical milestone in the adoption of Bitcoin as money. Tens of thousands of Canadian dollars worth of bitcoin were sold that day and over the coming weeks, likely creating a few millionaires over the years, spawning copycat ATM projects and even a handful of Bitcoin ATM manufacturing companies to boot. It also inspired the creation of the DCTRL hacker space, called “Decentral Vancouver” at the time. Cameron Gray, another Bitcoin enthusiast who was volunteering with the Bitcoiniacs event and a friend of Heartline, was the one who had the idea. “Cam was absolutely an essential part of founding Decentral.” Heartline recalled “He literally turned to me one day – as he was operating the bitcoin ATM at Waves – after I complained about the lighting at the coffee shop – and said ‘we should open a space.’ And that was it.” Soon, they had secured a basement location in downtown Vancouver, grimy, humid, but cozy. Over the years, this spot became a hub for Bitcoin engineers, founders, crypto enthusiasts, and eventually legends. The decor got better, the leaks patched, and the walls decorated with Bitcoin art. The empty spaces filled up with hardware of all kinds, modified to operate or somehow interact with the orange coin. Heartline and Gray were starting a lifestyle project of sorts, and while Bitcoin may have been doing well at over $1,000, it would soon correct back to $300, another bear market, which had important consequences for the industry. During that time, the bills for DCTRL’s rent had to be paid somehow, and so Heartline moved in. Not into the basement, but onto the rooftop. In order to keep the lights on during that bear market, he literally set up a tent. Not a bad setup either if you have a look. DCTRL started hosting meetups, the Vancouver Startup Weekend community got wind of it, and a gentleman known as Greg began to visit the hub. Soon enough, the Startup Weekend events were taking place at DCTRL as well, pulling in the local tech startup scene. Before long, even Vitalik Buterin, founder of Ethereum and former writer for Bitcoin Magazine, showed up. Greg had another important contribution to DCTRL; he made a donation that created a symbol for the local community. He donated $500 to the space with one condition: “It has to be used for something creative …” Heartline recalled, “so I found a Pepsi machine on Craigslist. Greg even helped us move the thing in a pickup. Him, me, Cam, and Mike Olaff moved that fucking insanely heavy and awkward thing down the stairs – lol almost killing Cam.” The Pepsi machine would soon get backwards engineered, hacked, and rebranded to the Bepsi, for obvious Bitcoin reasons. In the above video, you can see Greg making an on-chain transaction to the pop machine, milliseconds later dropping a soda for him on Q. The satisfying sound of Bitcoin being used as money for the small pleasures of life became a staple of DCTRL. A digital version of the Bepsi was eventually made, which fans from all over the world used to make donations. Many iterations of the underlying software took place over time, rig-wired into the Cold War era pop machine with a Raspberry Pi and some hacker ingenuity. A decade later, even the Mayor of Vancouver Ken Sim, dropped by to pay homage to this staple of Vancouver hacker culture, this time buying a soda from Bepsi with a lightning payment. Vancouver Mayor @KenSimCity using the Bepsi machine with @lightning at DCTRL pic.twitter.com/bTE2VNiiFK — DCTRL (@dctrlvan) November 7, 2025 Today, the Bepsi supports practically every Bitcoin protocol, a testing ground for the cutting edge of Bitcoin technology, including protocols like Taproot Assets, Spark, and Arcade OS. “We even issued our own Bepsi token. One Bepsi equals one soda from the Bepsi machine… it’s like a stable coin… pegged to the price of the pop can.” said Heartline. The Bepsi, which in a way was inspired by the Bitcoin ATM, also inspired copycats, such as the 21up vending machine hosted in a nearby Blockchain lab known as MintGreen. To this day, funds collected by the Bepsi machine have gone to support the operation of the hacker space and cover costs, serving as a cornerstone of the community. Control over the Bepsi’s underlying wallets and tech stack in a way setting rank among the most active members and hosts. Visited by Legends Throughout the years, big names within the industry visited or engaged with DCTRL in one way or another. Vitalik Buterin personally visited the space and hung out there in the very early days of Ethereum, as demonstrated by this photograph hung on their wall, featuring Gray, Heartline, Vitalik, and another active member referred to as Kyle. The founders of CaVirtex, the first Canadian Bitcoin exchange, were also photographed there. This brand is little known now as they were bought out by Kraken years later, but they had a deep influence on the Canadian Bitcoin scene, selling the coin to Canadians since before the first bull run, which peaked at $30 per coin. Without this exchange, many of the big Canadian Bitcoiners may not have gotten in. Virtually, Bitcoin celebrities also attended DCTRL events throughout the years, answering questions from the local crowd, such as Roger Ver, before the fork wars, Andreas Antonopoulos, and Willy Woo. Erik Vorhees, who came to fame in Bitcoin for creating the first major instant swap, crypto-to-crypto exchange called ShapeShift, is seen in this video doing a fireside chat at DCTRL during a local meetup. Even one famous scammer attended the hub, a man who was a regular in the Canadian Bitcoin scene in the 2014 era, and who to this day remains one of the unsolved mysteries of crypto-related crime, Gerald Cotten of QuadrigaCX. Cotten, whom I personally met multiple times in Toronto at the time, was a charming and smooth-talking entrepreneur in the scene at the time, before his turbulent professional history was revealed and the exchange went down in bankruptcy, leaving millions of dollars of user funds unpaid. Cotten allegedly died suddenly and mysteriously in India just before the exchange went bankrupt, taking the crypto keys with him, but many who were personally affected by this centralized exchange collapse are skeptical of that story. Further evidence of DCTRL as a microcosm of the industry as a whole was seen years later during the fork wars, as Gray, the other primary co-founder of the hub, took the ‘big block’ side of the debate, resulting in intense debates and ultimately a falling out with the local community and broader Bitcoin scene. Gray, nevertheless, is highly respected and appreciated by the active members of DCTRL for his contributions to the DCTRL social scene, which would inevitably suffer from the same forks and tensions that the Bitcoin protocol went through at the time. During those difficult times, DCTRL served as a forum and debate space for these topics, even hosting Peter Rizun of the alternative implementation Bitcoin Unlimited — a big blocker — who debated Taylor, seen on the right in the photo below. Overall, DCTRL enjoyed more than 12 years of continuous operation, boasts hundreds of events hosted, over 1500 registered community members, and 69 recorded talks published on YouTube, which touched many elements of the Bitcoin and crypto industry. Throughout this whole time, the hub was operated entirely by volunteers and sustained through public donations and, of course, the Bepsi. As the location of DCTRL gets rezoned by the city government, and a new building will be going up in its place, the active members and hosts of DCTRL, have begun organizing a transition to a new location, alongside an update to the brand and According to DJ, one of the active members who prefers to stay pseudonymous, the hub has had record attendance in recent months. And while the location will change, its future is brighter than ever. Those who would like to be a part of the future of DCTRL can learn more at www.DCTRL.wtf. This post DCTRL Vancouver: Iconic Bitcoin Hackerspace Closes Downtown Location After 12 Years Due to Zoning Changes first appeared on Bitcoin Magazine and is written by Juan Galt.

by Bitcoin Magazine (News Bot) Feb 27, 2026 · Edited

Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin, Ranks Among Asia’s Top 20 Corporate Holders

Bitcoin Magazine Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin, Ranks Among Asia’s Top 20 Corporate Holders Bitplanet Inc. has accumulated 300 BTC through a structured purchase program, positioning the South Korea-listed company among the top 20 corporate Bitcoin holders in Asia. The company, backed by Sora Ventures, began building its BTC treasury in the fourth quarter of 2025. Its most recent purchases were carried out in phases between Feb. 23 and Feb. 26 via Upbit, one of South Korea’s largest cryptocurrency exchanges. The BTC will be held with a professional custody provider, the company told Bitcoin Magazine. Chief Executive Paul Lee said Bitplanet is focused on more than balance sheet exposure. “We are not simply accumulating Bitcoin,” Lee said in a statement. He added that the company plans to explore operational strategies that could contribute to revenue generation and cash flow over time, linking BTC treasury management with artificial intelligence computing initiatives. Bitplanet said it views Asia as a key driver of the next phase of digital asset treasury adoption and aims to position itself as a transparent, institutional-grade corporate holder of Bitcoin. The company said it may expand its holdings further, subject to market conditions, regulatory developments, and financing availability. Corporate bitcoin strain The firm counts several digital asset treasury investors among its backers, including Simon Gerovich of Metaplanet, as well as AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. Metaplanet did post a net loss of 95 billion yen ($619 million) for fiscal 2025, driven by a 102.2 billion yen ($665.8 million) valuation decline on its bitcoin holdings. The disclosure marks the latest example of a corporate bitcoin buyer facing pressure as the cryptocurrency’s price slid from record highs in October. The company closed the year with 35,102 BTC, valued at approximately $2.4 billion, making Metaplanet the fourth-largest public corporate BTC holder globally, behind Strategy. Since it began accumulating BTC 21 months ago, Metaplanet has spent nearly $3.8 billion, averaging $107,000 per coin, according to data from two weeks ago. Last quarter, when Sora Ventures unveiled its plans at Taipei Blockchain Week, the firm said it plans to purchase $1 billion in BTC within six months, backed by a $200 million initial commitment from regional partners. Today, Bitcoin (BTC) is trading near $65,000, drifting lower from mid‑week highs near $70,000 amid persistent selling pressure across crypto markets. This post Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin, Ranks Among Asia’s Top 20 Corporate Holders first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 27, 2026 · Edited

U.S. Government Seizes Over $580 Million in Crypto Linked to Southeast Asian Scams

Bitcoin Magazine U.S. Government Seizes Over $580 Million in Crypto Linked to Southeast Asian Scams U.S. Attorney Jeanine Ferris Pirro said federal authorities have frozen and seized more than $580 million in cryptocurrency tied to Southeast Asian scam networks, marking a major escalation in the government’s campaign against cross-border crypto fraud. The funds were restrained through the Justice Department’s Scam Center Strike Force, a task force formed in November to target cryptocurrency investment and confidence schemes linked to Chinese transnational criminal organizations. Officials said the groups use social media platforms and text messaging to target U.S. victims and siphon billions of dollars each year. Recent estimates place annual losses to Americans near $10 billion. “In only three months, we have made significant progress, freezing, seizing, and forfeiting cryptocurrency worth more than $578 million from these criminals,” Pirro said in a statement. She said her office will seek forfeiture through the courts and aims to return funds to victims. Authorities describe the schemes as “pig butchering” operations, in which fraudsters build relationships with victims before steering them into fraudulent crypto investments. Victims are persuaded to purchase legitimate digital assets and then transfer them to counterfeit trading platforms controlled by the scam networks. The operations often run out of secured compounds in parts of Southeast Asia, including Burma, Cambodia, and Laos. U.S. officials said some workers inside the compounds are trafficking victims who are forced to carry out scams under threat of violence. In certain areas, revenue generated from scam activity accounts for a large share of local economic output. The Strike Force is focused on identifying senior figures within the criminal networks, including organizers and money launderers who move proceeds through blockchain transactions and shell accounts. Investigators are tracing funds across exchanges and wallets to disrupt cash-out points and freeze assets before they are dispersed. The initiative brings together the U.S. Attorney’s Office for the District of Columbia and several Justice Department divisions, along with the Federal Bureau of Investigation, the U.S. Secret Service, and the Internal Revenue Service’s Criminal Investigation unit. U.S. Attorney’s Offices in Rhode Island and the Western District of Washington are also participating. The Justice Department said the Strike Force will continue targeting infrastructure, financial channels, and leadership structures tied to the fraud networks. Crypto crime hit $154 Billion last year Data from Chainalysis shows illicit crypto addresses received at least $154 billion in 2025, a 162% year-over-year increase, with sanctioned entities driving much of the surge. Nation-states including Russia, Iran, and North Korea played an outsized role, leveraging blockchain infrastructure for sanctions evasion, money laundering, and large-scale thefts. Stablecoins accounted for 84% of illicit transaction volume, the report said. The report also highlights the expansion of Chinese money laundering networks offering “laundering-as-a-service” and other full-stack illicit infrastructure. Although illicit activity still represents less than 1% of total crypto volume, the scale and geopolitical dimension of the activity pose rising risks for regulators, law enforcement, and national security. This post U.S. Government Seizes Over $580 Million in Crypto Linked to Southeast Asian Scams first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 27, 2026 · Edited

MARA Holdings (MARA) Stock Jumps After $1.71B Loss as Firm Pivots to AI Data Centers

Bitcoin Magazine MARA Holdings (MARA) Stock Jumps After $1.71B Loss as Firm Pivots to AI Data Centers Shares of MARA Holdings climbed 13% in premarket trading Friday, even after the Bitcoin miner reported a $1.71 billion net loss for the fourth quarter, as investors focused on the company’s shift toward artificial intelligence and high-performance computing. The company posted a net loss of $1.71 billion for Q4 2025, compared with net income of $528.3 million during the same period a year earlier. Revenue for the quarter fell 6% to $202.3 million, according to a filing with the Securities and Exchange Commission, as lower Bitcoin prices offset gains from higher network hash rate. The largest driver of the quarterly loss was a $1.5 billion negative revaluation of digital assets following a decline in the price of Bitcoin. Under fair-value accounting rules, companies must adjust the carrying value of their digital asset holdings each quarter to reflect market prices, creating swings in reported earnings. For the full year 2025, MARA reported a net loss of $1.31 billion, compared with net income of $541 million in 2024. Annual revenue rose to $907.1 million from $656.4 million the prior year, reflecting expanded operations and increased Bitcoin production earlier in the cycle. During the fourth quarter, MARA mined 2,011 BTC, down 6% from the third quarter and below the 2,492 BTC mined in the year-ago period. Total production for 2025 reached 8,799 BTC, compared with 9,430 BTC in 2024. As of Dec. 31, the company held 53,822 BTC, including 15,315 BTC pledged as collateral. Based on a quarterly price of $87,498 per coin, the value of its Bitcoin reserves stood near $4.7 billion at quarter’s end. Over the past six months, MARA shares have fallen roughly 45%, reflecting pressure across the mining sector tied to Bitcoin price volatility and post-halving economics. MARA is moving to AI Alongside its earnings report, MARA outlined a strategic pivot aimed at transforming the firm from a pure-play Bitcoin miner into an energy and digital infrastructure company. The company announced a joint venture with Starwood Digital Ventures to develop AI-focused and high-performance computing data centers at select sites with access to low-cost power and grid capacity. The first phase of the initiative targets more than one gigawatt of IT infrastructure, with potential expansion to 2.5 gigawatts. Projects will be structured on a site-by-site basis, with MARA retaining stakes of up to 50% while continuing Bitcoin mining operations where economics support it. Earlier this month, MARA acquired a 64% stake in Exaion, a firm that provides AI and high-performance computing solutions for corporate and government clients, signaling its intent to diversify beyond mining. The strategy mirrors a broader industry shift as miners seek ways to make money due to tighter margins and fluctuating Bitcoin prices. Over the last couple of months, major Bitcoin mining firms like Cipher and Bitfarms have been aggressively repurposing their energy-heavy infrastructure into AI and high-performance computing data centers to diversify revenue as traditional mining margins shrink. This post MARA Holdings (MARA) Stock Jumps After $1.71B Loss as Firm Pivots to AI Data Centers first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Paul Atkins Confirmed As A Bitcoin 2026 Speaker

Bitcoin Magazine Paul Atkins Confirmed As A Bitcoin 2026 Speaker Paul Atkins, the sitting Chairman of the U.S. Securities and Exchange Commission and one of the most consequential figures in American financial regulation, has been officially confirmed as a speaker at Bitcoin 2026 — marking the first time in history that a sitting SEC Chair has been invited to the world’s largest Bitcoin conference. Appointed by President Trump in 2025, Atkins has wasted no time in reshaping the SEC’s relationship with digital assets. Under his leadership, the SEC launched “Project Crypto,” a sweeping initiative to build a clear, innovation-friendly regulatory framework for the industry — ending what many described as a decade of enforcement-driven ambiguity that stifled American innovation in the space. A longtime market-friendly policymaker with roots as a transactional lawyer and former SEC Commissioner under the Bush administration, Atkins has made his position on Bitcoin clear. At the launch of Project Crypto, he declared: “We are at the threshold of a new era in the history of our markets” — announcing a Commission-wide initiative to move America’s financial markets on-chain, create clear guidelines for how Bitcoin can be stored, traded, and used, and replace outdated one-size-fits-all rules with frameworks built for the digital age. His presence at Bitcoin 2026 signals something far bigger than a speaking slot — it represents a fundamental shift in how Washington views Bitcoin, and a rare opportunity for tens of thousands of attendees to hear directly from the man rewriting the rules of digital asset regulation in America. Just two years ago, the relationship between the SEC and the digital asset industry was defined by tension, with then Chair Gary Gensler overseeing a wave of enforcement actions against the Bitcoin and broader crypto industry, all while having little to no regulation for industry participants to build from, thus creating more uncertainty than clarity. It was on the stage at Bitcoin 2024 in Nashville that U.S. presidential candidate Donald Trump announced to a crowd of thousands that he would fire Gensler and replace him with pro-Bitcoin leadership — a moment that captured just how central digital asset policy had become to the political conversation. When Trump won the election, Gensler stepped down the day he took office, and Paul Atkins was appointed to lead the SEC in his place. Whether one views the previous era as necessary consumer protection or regulatory overreach, the contrast is stark — and the fact that a sitting SEC Chair is now taking the stage at the world’s largest Bitcoin conference reflects just how much has changed. WE'RE EXCITED TO ANNOUNCE SEC CHAIRMAN PAUL ATKINS AS A BITCOIN 2026 SPEAKER ”[We’re] working together to deliver on President Trump's promise to make America the crypto capital of the world.” pic.twitter.com/M4FAkvNAXg — The Bitcoin Conference (@TheBitcoinConf) January 29, 2026 Bitcoin 2026 Returns to Las Vegas Bigger Than Ever Bitcoin 2026 will take place April 27–29 at The Venetian, Las Vegas, and is expected to be the largest Bitcoin conference in history. Focused on the future of money, Bitcoin 2026 will bring together Bitcoin builders, investors, miners, policymakers, technologists, and newcomers from around the world. The event will feature a wide range of pass types, including general admission passes designed specifically for those new to Bitcoin, alongside premium passes for professionals, enterprises, and institutions. With multiple stages, immersive experiences, technical workshops, and headline keynotes, Bitcoin 2026 is designed to serve both first-time attendees and long-time Bitcoiners shaping the next era of global adoption. Past Bitcoin Conferences in the U.S. Bitcoin’s flagship conference has scaled dramatically over the past five years: 2021 – Miami: 11,000 attendees 2022 – Miami: 26,000 attendees 2023 – Miami: 15,000 attendees 2024 – Nashville: 22,000 attendees 2025 – Las Vegas: 35,000 attendees Get Your Bitcoin 2026 Pass Bitcoin Magazine readers can save 10% on Bitcoin 2026 tickets for a limited time. Stay at The official hotel of Bitcoin 2026, The Venetian, and get a guaranteed low rate plus 15% off your pass. Be in the middle of where the fun is all happening, and where the networking never ends. Bring your whole team to Bitcoin 2026 and get 20% off your entire order for a limited time. Location: The Venetian, Las Vegas Dates: April 27–29, 2026 With tens of thousands of attendees expected and major speakers like Paul Atkins already confirmed, now is the time to lock in your ticket. Buy Bitcoin 2026 Tickets — Save 10% Why Attend Bitcoin 2026? Bitcoin 2026 is the definitive gathering for anyone serious about the future of money. With 500+ speakers, multiple world-class stages, and programming spanning Bitcoin fundamentals, open-source development, enterprise adoption, mining, energy, AI, policy, and culture, the conference brings every corner of the Bitcoin ecosystem together under one roof. From headline keynotes on the Nakamoto Stage to deep technical sessions for builders, institutional strategy discussions for enterprises, and beginner-friendly Bitcoin 101 education, Bitcoin 2026 is designed for everyone—from first-time attendees to the leaders shaping Bitcoin’s global adoption. Whether you’re looking to learn, build, invest, network, or influence, Bitcoin 2026 is where Bitcoin’s next chapter is written. Bitcoin 2026 Pass Types: Something for Everyone Bitcoin 2026 offers a range of pass options designed to meet the needs of newcomers, professionals, enterprises, and high-net-worth Bitcoiners alike. Bitcoin 2026 General Admission Pass Ideal for newcomers and those looking to experience the heart of the conference. Limited access on Days 2 & 3 Entry to Main Stage Access to Genesis Stage Full access to the Expo Hall Bitcoin 2026 Pro Pass Designed for professionals, operators, and serious Bitcoin participants. Includes all General Admission features, plus: Full 3-day access, including Pro Day Entry to the Pro Pass Reception Access to Enterprise Hall, Enterprise Stage, and Networking Lounge Conference App networking features Access to the Bitcoin For Corporations Symposium Entry to Compute Village and Energy Stage Complimentary lunch, coffee, tea, and snacks Dedicated registration and check-in Reserved seating at Main Stage Huge savings when you bundle your hotel and Pro Pass Bitcoin 2026 Whale Pass The all-inclusive, premium Bitcoin 2026 experience. Includes all Pro Pass features, plus: Reserved seating at Main Stage All-inclusive gourmet food and beverages Entry to Whale Night and Whale Reception Access to all official after-parties Networking app access to connect with other Whales Premium access to The Deep — an exclusive networking lounge with intimate speaker sessions Complimentary stay at The Venetian when you bundle your whale pass and hotel (use promo code ‘WHALEHOTEL’ here) This is the most immersive way to experience Bitcoin 2026. Bitcoin 2026 After Hours Pass Your ticket to the night. Most deals are done with a drink in your hand. Get exclusive access to 3 official Bitcoin 2026 after-parties across Las Vegas — each with a 2-hour open bar — where the real conversations happen and the best connections are made. Access to 3 official Bitcoin 2026 after-parties 2-hour open bar at each event Evening events across Las Vegas, April 27–29 Network with Bitcoiners, builders, and industry leaders after hours More headline speaker announcements are coming soon. Don’t miss Bitcoin 2026. This post Paul Atkins Confirmed As A Bitcoin 2026 Speaker first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook

Bitcoin Magazine Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook Block, Inc. will cut more than 4,000 employees, reducing its workforce by nearly half as the company restructures around artificial intelligence and a leaner operating model. The layoffs, announced Thursday in a shareholder letter, will shrink headcount from more than 10,000 to just under 6,000. Co-founder and CEO Jack Dorsey said the move reflects a shift in how the company builds products and runs teams as it integrates internal AI tools across the business. “Today we’re making one of the hardest decisions in the history of our company,” Dorsey wrote in a note to employees. “We’re reducing our organization by nearly half.” He said the company considered making gradual cuts but opted for a single reduction to avoid prolonged uncertainty. Block said affected employees will receive 20 weeks of salary plus one week per year of tenure, equity vested through the end of May, six months of health coverage, their corporate devices and $5,000 in transition support. International employees will receive similar packages based on local requirements. Chief Financial Officer Amrita Ahuja said the company is acting from a position of strength and aims to move faster for customers. In its shareholder letter, Block pointed to gross profit growth that more than doubled from the first quarter to the fourth quarter of 2025. Block’s shares are surging Shares of Block trade under the ticker XYZ are up 25% aftermarket on the news. For the full year, Block reported gross profit of $10.36 billion, up 17% year over year. The company said it expects first-quarter operating income of $600 million, above a $574 million consensus estimate, and gross profit of $2.8 billion versus $2.72 billion expected. It also raised its full-year gross profit outlook and reported a beat on Cash App monthly active users. Dorsey said internal “intelligence tools” are reshaping the company’s structure. Block has invested in AI systems, including a proprietary tool known as Goose, to automate workflows and increase productivity across engineering, customer service and operations. “Intelligence tools have changed what it means to build and run a company,” Dorsey wrote in the shareholder letter. “A significantly smaller team, using the tools we’re building, can do more and do it better.” Block, which operates Square, Cash App and lending products for consumers and merchants, has restructured since 2024 as its stock lagged peers in the financial technology sector. The company has conducted rolling job cuts tied to performance reviews over the past two years. Dorsey said the new structure will center on smaller, flatter teams built around AI-driven product development. He acknowledged the scale of the reduction carries risk but said standing still would pose greater challenges as automation reshapes labor productivity across the technology industry. This post Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

The Core Issue: libsecp256k1, Bitcoin’s Cryptographic Heart

Bitcoin Magazine The Core Issue: libsecp256k1, Bitcoin’s Cryptographic Heart Common phrases heard among Bitcoiners include “don’t trust, verify” or “not your keys, not your coins”, sometimes even claiming that it’s “backed by math”. But what do these proverbs ultimately boil down to, and how exactly is this involved math put into practice? Most readers are surely aware that a fundamental ingredient in the design of Bitcoin is public-key cryptography and more specifically digital signatures, which are essential to prove ownership without needing a central entity. Probably less well-known is what piece of software is under the hood to make that elliptic curve math work and what efforts are involved to ensure that this happens in the most secure and performant way, with continuous improvements. Let’s dive into the exciting history and evolution of “libsecp256k1”, a library that started out as a small hobby project and over the years evolved into an essential part of consensus rules protecting a multi-trillion dollar asset. The Genesis For reasons we don’t know for sure, Satoshi picked an elliptic curve named “secp256k1” for creating and verifying digital signatures in Bitcoin. The initial version of the Bitcoin client was shipped using the widespread OpenSSL library for signing and verifying transactions. Relying on a third-party library sounds like a reasonable approach from a software engineering perspective (even more so if it is something as domain-specific and complex as elliptic-curve cryptography), but this choice turned out to be problematic later due to inconsistencies in the signature parsing code. In the worst case, this could even lead to unintended chain splits. One lesson from that time period was that OpenSSL is not a suitable library for a consensus-critical system like Bitcoin. The issue was later fixed by BIP66, which ensured a strict encoding of ECDSA signatures. After that, the OpenSSL dependency was replaced with libsecp256k1 in Bitcoin Core v0.12, released in early 2016.1 But taking a step back, the initial motivation behind starting the libsecp256k1 project was mostly curiosity about a potential speed-up. Sometime in the year 2012, Bitcoin Core developer Pieter Wuille a.k.a. “sipa” stumbled upon a bitcointalk thread by Hal Finney (known for being the recipient of the very first Bitcoin transaction in 2009 from Satoshi). Under the subject “Speeding up signature verification”, the post discussed an optimization that would make use of a so-called “endomorphism” (more specifically using the so-called GLV-method, Gallant-Lambert-Vanstone), something that only certain elliptic curves allow, secp256k1 conveniently being one of them. Hal Finney himself implemented it using OpenSSL primitives, it was later even submitted as a PR to Bitcoin Core.2 Even though it showed a solid ~20% speedup, it was never merged in the end due to concerns about increasing code complexity and missing assurance that the involved cryptography is sound. Pieter Wuille went ahead and decided to start a new library from scratch, with the initial commit of the “secp256k1” repository dating back to March 5th 2013. After only one week the library was able to verify the full blockchain (block height ~225000 at that time), within another week the signing functionality was implemented. It took some more time and testing until the library was ready to be used in Bitcoin Core as a replacement for OpenSSL, first for signing in the wallet (release v0.10, 2015), and finally for ECDSA signature verification in consensus (release v0.12, 2016). The efforts were absolutely worth it: according to the PR description in Core, using libsecp256k1 for signature verification was “anywhere between 2.5 and 5.5 times faster”. Ironically, this didn’t yet include the earlier mentioned endomorphism optimization, since it wasn’t turned on by default due to worries about patent violation. It was only activated in the year 2020, after the patent expired (enabled in release v0.20), leading to another solid speed-up of around 16%. Over time, the project attracted several other contributors. This naturally involved people that were closely working with Pieter from the start at Blockstream, namely then-CTO Gregory Maxwell and researcher Andrew Poelstra. In 2015, Jonas Nick and a few years later Tim Ruffing joined, both employed by Blockstream as researchers and now holding the role of maintainers of libsecp256k1 for several years. As they are responsible for both specifying new cryptographic protocols (including detailed security proofs) and putting them into practice by implementing and reviewing them, it is very appropriate to call them “full-stack cryptographers”, as Tim Ruffing likes to describe himself. Occasionally even cryptographers from outside the Bitcoin space have contributed to libsecp256k1. One notable example of that is Peter Dettman, known for being one of the maintainers of the C#/Java cryptography library BouncyCastle, who up to this day shows up every now and then with various performance improvement suggestions. One of his major contributions was implementing modular inversion using the “safegcd” algorithm in 2021 to safely improve , following a paper by Daniel J. Bernstein and Bo-Yin Yang. Why Reinvent The Wheel? The goal of libsecp256k1 is to provide the highest quality library for cryptographic operations on the secp256k1 curve, with the primary intent of being useful in the broader Bitcoin ecosystem–Bitcoin Core is simply the main client using it. The API of libsecp256k1 is designed to be robust and hard to misuse, in order to prevent users from performing insecure operations (e.g. by rolling their own cryptographic schemes) that could lead to a loss of funds in the worst case. By focussing only on one elliptic curve and by limiting its functionality to operations relevant to Bitcoin (that is, primarily signing and verifying transactions), the code can be both faster and simpler to review, leading to a lower maintenance burden and higher overall quality in comparison to other implementations. libsecp256k1 is written in C and doesn’t have any dependency on other libraries, so it only uses internal code written specifically for the project. As such it is designed to also run on constrained devices like micro-controllers, which are commonly used in hardware wallets. Measure Twice, Cut Once From very early on, libsecp256k1 had a strong focus on quality assurance that was continuously improved and honed over the years. Now it has a testing code coverage of close to 100%, and new modules only have a chance of getting merged if that bar is still met. In addition to that, there is also a special form of assurance called “exhaustive testing”. The basic idea is to exercise the functionality of the library for the whole space of possible values on the curve. As this would be infeasible on the actual secp256k1 curve, consisting of ~2^256 points, a special, much smaller but very similar curve is used which has an order that is merely in the double or triple digit range, so it can easily be executed within a reasonable amount of time. Another important part of testing is assurance of constant-time behaviour, which is particularly relevant for signing, as we will see below. Schnorr: A Whole New World Shifting our focus from QA to new features, one of the major milestones within the last decade in libsecp256k1, and in the Bitcoin protocol in general, was the introduction of Schnorr signatures. Being an essential part of the Schnorr/Taproot soft-fork activated in late 2021, they offer many advantages over ECDSA signatures, including being provably secure under standard assumptions, more compact, and enabling a whole lot of other constructions on top like key and signature aggregation for more efficient multisignature schemes. Both the specification in BIP340 and implementation was created by the current three maintainers of libsecp256k1, Pieter Wuille, Jonas Nick and Tim Ruffing. libsecp256k1 Is Good For Your Node And The Network It goes without saying that verifying digital signatures is one of the (if not the) most important and security-critical code paths of the Bitcoin consensus engine. No matter what complex script-paths and extra spending conditions might be included in some locking script, at the end there is likely at least one signature check involved in the transaction to ensure that it was actually created by the owner of the coins being spent. For such an essential operation, we want the code to be as robust, well-tested and performant as possible. Fast signature verification is also critical for both fast transaction and block propagation, and also to speed-up the Initial Block Download (IBD) for new participants in the network. We have already mentioned earlier the ~5x speedup when libsecp256k1 replaced OpenSSL for the first time about ten years ago. Over time, further performance improvements were implemented, and a recent investigation shows that libsecp256k1 is now about ~8x faster than OpenSSL for ECDSA signature verification using the most current version of each.3 Signing Can Be Dangerous, So Do It Right So far we have focused on the verification functionality of libsecp256k1, being the most crucial for performance of node runners and miners. The other side of the coin (no pun intended!) is signing, i.e. the process of creating a digital signature for a transaction in order to spend funds. What makes this process delicate is the fact that secret key material is involved. If this material is in any way leaked, it could in the worst case lead to a catastrophic loss of funds, so special care has to be taken at the implementation level. libsecp256k1 tries to combat against so-called “side-channel attacks” by avoiding data-dependent branches, i.e. instances where different pieces of code are executed depending on what data is fed into it. This is a non-trivial task and takes some extra effort with regards to modern compilers, which are sometimes “too smart” in the sense that they try to optimize code while compiling it to software with resource saving branches where we explicitly don’t want that to happen. This is not just a theoretical concern, but has happened more than once, requiring patches to be shipped (e.g. releases 0.3.1 and 0.3.2). The important constant-time property is also tested using a tool called “valgrind” that was originally built for debugging memory issues. By using it to find any branching in code operating on secret data, we can detect if a potential side-channel risk exists. Another way secret material could be leaked is by leaving it in memory unintentionally. Overwriting a memory region to make sure it is erased sounds trivial, but this has to be done in a way that prevents the compiler from getting in our way due to code optimization during compiling. Great care is taken to ensure that doesn’t occur. Some Happy Accidents More than once during the development of the library interesting things came up by surprise. In 2014, Pieter Wuille and Gregory Maxwell were already working on an extensive test suite for the library. One of the strategies to achieve a higher degree of assurance was verifying the behaviour of internal functions in the library against other implementations with special random inputs. This revealed a case where OpenSSL gave a wrong result when squaring a number, a serious security relevant bug filed as CVE-2014-3570 (“Bignum squaring may produce incorrect results.”). In another instance a few years later, Pieter Wuille proposed a new method for computing a bound (or limit) on the number of iterations needed for the previously mentioned “safegcd” algorithm for computing modular inverses. This allowed shrinking that bound, leading to a faster computation. But it didn’t stop there. Mostly by accident, Gregory Maxwell discovered a different variant of Bernstein and Yang’s algorithm with even lower bounds, leading to another significant speedup both for signing and verification. It’s noteworthy to mention that correctness (so, safety) of the “safegcd” implementation has been formally verified using a special theorem proving software called “Rocq” (formerly named “Coq”) and the “Verifiable C” program logic.4 This impressive work was done by Russell O’Connor and Andrew Poelstra, who state that the entirety of libsecp256k1 could be verified in the same way. Cryptography Is Still Evolving We have now shown that libsecp256k1 is primarily used for creating and verifying digital signatures in Bitcoin transactions, taking great care to do so in the safest and most efficient way possible, but it doesn’t stop there. Whenever other proposals are put forward that involve cryptographic operations on the secp256k1 curve (ideally formalized in a BIP) and are seen as overall beneficial for the Bitcoin ecosystem, the chances are good that the necessary code is considered in-scope for the library. In such a case, given enough developer time for implementation and review, it has good odds at winding up in a release of libsecp256k1. This has notably happened before with the ElligatorSwift module, a piece that was essential for enabling encryption for nodes’ P2P communication [see BIP324; discussed in-depth on here], and most recently for MuSig2, a key aggregation scheme based on Schnorr signatures that allows creating n-on-n multi-signatures in a space-efficient and privacy-preserving way. There is also an ongoing effort to add a new module for Silent Payments, a proposal for a privacy-preserving static reusable address that doesn’t need interaction before payment between sender and receiver. And there is yet so much more to come: Batch Validation for Schnorr Signatures, DLEQ proofs, FROST, etc. Let’s see what the next 10 years of development in libsecp256k1 will bring! Readers interested in libsecp256k1 are encouraged to take a look at and play around with secp256k1lab, a Python implementation of the secp256k1 curve that is intended for prototyping and experimentation.5 Get your copy of The Core Issue today! Don’t miss your chance to own The Core Issue — featuring articles written by many Core Developers explaining the projects they work on themselves! This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Core Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue. [1] https://gnusha.org/pi/bitcoindev/55B79146.70309@gmail.com/ [2] (#2061, https://github.com/bitcoin/bitcoin/pull/2061) [3] https://delvingbitcoin.org/t/comparing-the-performance-of-ecdsa-signature-validation-in-openssl-vs-libsecp256k1-over-the-last-decade/2087?u=thestack [4] [https://www.arxiv.org/abs/2507.17956] [5] https://github.com/secp256k1lab/secp256k1lab/ This post The Core Issue: libsecp256k1, Bitcoin’s Cryptographic Heart first appeared on Bitcoin Magazine and is written by Sebastian Falbesoner.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Citi to Integrate Bitcoin with Traditional Finance, Launch Custody Services

Bitcoin Magazine Citi to Integrate Bitcoin with Traditional Finance, Launch Custody Services Citi is preparing to introduce infrastructure that integrates Bitcoin into traditional financial systems, a bank executive said Thursday. The initiative, introduced by Nisha Surendran, head of digital asset custody development at Citi, aims to provide institutional-grade custody, key management, and wallet services for clients holding the cryptocurrency. Speaking at Strategy World, an industry event hosted by Bitcoin treasury firm Strategy, Surendran said the effort is part of Citi’s broader plan to “make Bitcoin bankable.” She outlined a three-pronged approach focused on custody, integration with existing reporting and tax systems, and simplifying client access to digital assets. “Later this year, Citi will be launching our infrastructure that integrates Bitcoin into traditional finance,” Surendran said. “We’re starting with core custody and safekeeping capabilities, institutional-grade key management, and wallet infrastructure.” The rollout will allow clients to manage Bitcoin positions alongside traditional assets. Citi manages roughly $30 trillion in client assets across securities and money market products. The bank plans to extend the same reporting channels, tax workflows, and compliance frameworks currently used for traditional assets to Bitcoin holdings. NEW: Wall street giant Citi bank announces "later this year, Citi will be launching our infrastructure that integrates Bitcoin into tradition finance." "Making Bitcoin Bankable" pic.twitter.com/BaBVba2g4I — Bitcoin Magazine (@BitcoinMagazine) February 26, 2026 Clients will not need to manage wallets, private keys, or one-time addresses, Surendran said, as Citi will handle those processes through its infrastructure. In December 2025, Citi analysts forecasted that bitcoin could reach $143,000 in 2026, with a bullish scenario above $189,000 and a bearish case near $78,500, citing increased adoption through ETFs and supportive U.S. regulation. At the time, bitcoin traded around $88,000, down 30% from its October peak. Bitcoin is now trading below $67,000. Bitcoin jumped a lot yesterday but has since been giving back some of its gains. Morgan Stanley wants in on the bitcoin fun Yesterday at Strategy World, Morgan Stanley also outlined plans to expand its digital asset offerings, including launching a native crypto custody and exchange platform. The bank will initially allow E-Trade clients to buy and sell spot cryptocurrencies through a partnership, while a fully integrated platform is expected over the next year. The planned custody solution would give clients legal control of their assets under Morgan Stanley’s oversight, though some may continue self-custody, especially for Bitcoin. The firm also said they are exploring crypto yield and lending products, leveraging its $8 trillion asset base to bring off-platform holdings onto its platform. This post Citi to Integrate Bitcoin with Traditional Finance, Launch Custody Services first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Indiana Approves Bitcoin Investments in Public Retirement Plans

Bitcoin Magazine Indiana Approves Bitcoin Investments in Public Retirement Plans Indiana lawmakers have passed legislation allowing public retirement and savings plans to invest in bitcoin, crypto and crypto-linked exchange-traded funds (ETFs), with Governor Mike Braun expected to sign the bill, HB 1042, into law within the next 10 days. The move positions Indiana among a growing number of states considering digital assets in public investment portfolios. Under the new law, Indiana’s public retirement boards, deferred compensation committees, and annuity savings programs are required, by July 1, 2027, to offer self-directed brokerage accounts that include at least one cryptocurrency investment option. These accounts will give plan participants the ability to select cryptocurrency investments in accordance with the boards’ established investment guidelines, track account valuations, and pay administrative fees associated with digital asset holdings. The legislation defines cryptocurrency as a virtual currency that is not issued by a central authority, functions as a medium of exchange, and relies on encryption technology to regulate issuance, verify transfers, and prevent counterfeiting. JUST IN: Indiana lawmakers approve bill that will allow public retirement and savings plans to invest in bitcoin and bitcoin ETFs. The bill now goes to the governors desk, expected to be signed into law. pic.twitter.com/59OUdUZlo3 — Bitcoin Magazine (@BitcoinMagazine) February 26, 2026 Indiana joins other states that have authorized public funds to gain exposure to digital assets. This trend has accelerated following President Donald Trump’s directive to create a U.S. Bitcoin Strategic Reserve, encouraging states and public entities to consider bitcoin and digital assets as part of their long-term investment strategies. Lawmakers say the new law will give public employees and retirees more ways to invest, including in cryptocurrencies, while keeping control over their choices. Self-directed accounts let participants manage crypto alongside stocks, bonds, and ETFs, with boards setting limits and guidelines to reduce risk. The legislation also clarifies that retirement boards and deferred compensation committees are responsible for overseeing crypto options, setting fees, and ensuring account values reflect market prices. It standardizes crypto offerings across state pensions, deferred compensation programs, and annuity accounts, giving Indiana participants consistent access to digital assets. Bitcoin and crypto ATM ban amid fraud concerns In a separate measure, the Indiana legislature voted to ban the operation of virtual currency kiosks, commonly known as bitcoin or crypto ATMs, across the state. The ban responds to law enforcement reports of rising fraud tied to crypto ATMs. In Evansville, residents lost approximately $400,000 in scams connected to these machines in 2025. Violations of the ban would fall under the enforcement authority of the state attorney general under deceptive consumer sales laws. The prohibition aligns with broader concerns about crypto ATM fraud nationwide. The FBI reported nearly 11,000 complaints related to crypto ATM scams in 2024, marking a 99% increase from the previous year, with losses totaling an estimated $240 million in the first half of 2025. This post Indiana Approves Bitcoin Investments in Public Retirement Plans first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Bitcoin ETFs Post Half a Billion in Inflows as BTC Rebounds Above $69,000

Bitcoin Magazine Bitcoin ETFs Post Half a Billion in Inflows as BTC Rebounds Above $69,000 U.S. spot bitcoin exchange-traded funds recorded $506.5 million in net inflows on Feb. 25, the largest single-day total in three weeks, reversing a stretch of heavy redemptions that had fueled doubts about institutional demand. The surge followed $257.7 million in inflows on Feb. 24, bringing the two-day total to more than $750 million. The rebound came after five consecutive weeks of outflows totaling about $3.8 billion. Year to date, net flows are now just under $2 billion in outflows. BlackRock’s iShares Bitcoin Trust (IBIT) led Tuesday’s gains with $297.4 million in inflows, accounting for nearly 60% of the daily total. Grayscale’s Bitcoin Trust (GBTC) posted $102.5 million in inflows, marking a rare positive session for the fund, which has seen about $25.9 billion in cumulative net outflows since converting to an ETF structure. Bitwise Asset Management’s BITB added $39.4 million, while Fidelity Investments’s FBTC brought in $30.1 million. Invesco’s BTCO and VanEck’s HODL also recorded net buying. None of the 11 active spot bitcoin ETFs posted outflows on the day. Bitcoin rose near $70,000 during the session, climbing more than 7% from its weekly low below $64,000. The move coincided with renewed ETF demand and strength in broader risk assets. At the time of writing, Bitcoin is trading near $67,000. Bitcoin’s foundation looks strong The inflows mark the highest daily total in three weeks and suggest institutional buyers have returned after stepping back through much of late January and February. If inflows persist through the end of the week, spot bitcoin ETFs could post their first weekly net gain in more than a month. Despite persistent pessimism, BTC’s institutional infrastructure remains intact, unlike in 2022, when FTX, Celsius, and others collapsed. ETF outflows have largely stabilized, long-term holders’ buying capacity has grown, and major US banks continue building crypto products. With a shrinking tradable supply and solid market plumbing, analysts see current weakness as a temporary confidence crisis, with some projecting BTC could reach $150,000 this year. BTC pulled back this morning, dropping to around $67,000 after approaching $70,000 yesterday. The decline comes after a strong session for crypto-related stocks, which saw solid gains. The iShares Bitcoin Trust ETF (NASDAQ: IBIT) fell $1.19, or 3.02%, to $38.04 today. IBIT is a financial product that tracks BTC’s price, giving investors exposure to BTC without directly owning it. This post Bitcoin ETFs Post Half a Billion in Inflows as BTC Rebounds Above $69,000 first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Trump-Linked American Bitcoin (ABTC) Posts $59M Q4 Loss as Bitcoin Slump Hits Treasury Holdings

Bitcoin Magazine Trump-Linked American Bitcoin (ABTC) Posts $59M Q4 Loss as Bitcoin Slump Hits Treasury Holdings American Bitcoin Corp., the Trump family-linked mining company, reported a fourth-quarter net loss of $59 million as bitcoin prices fell, cutting the value of its digital asset holdings. The Miami-based firm, which trades on the Nasdaq under the ticker ABTC, said revenue for the three months ended Dec. 31 totaled $78.3 million, up from $64.2 million a year earlier but slightly below analyst estimates of $79.6 million. For the full year, the company generated $185.2 million in revenue. Bitcoin declined about 23% in the fourth quarter, pressuring companies that hold large reserves of the cryptocurrency on their balance sheets. Under updated rules from the Financial Accounting Standards Board, firms must mark digital asset holdings to market each reporting period. As a result, American Bitcoin recorded a $227 million non-cash loss tied to the revaluation of its bitcoin treasury. The company ended the year with 5,401 bitcoin and has since increased that figure to more than 6,000 BTC, according to a statement from co-founder Eric Trump. American Bitcoin said roughly one-third of its holdings were acquired through mining operations, with the remaining two-thirds accumulated through open-market purchases and strategic transactions. American Bitcoin is backed by the family of President Donald Trump and is 20% owned by Eric Trump and Donald Trump Jr. The firm went public in September, weeks before bitcoin reached a record high above $126,000. Shares have since fallen nearly 90% from a peak near $9 last year. The stock was up 2% in early trading Thursday at $1.06 but remains down about 22% over the past 12 months. The company raised $150.5 million during the quarter through an at-the-market stock offering, capital it used to increase its bitcoin holdings. Management said the equity issuance boosted per-share bitcoin exposure by nearly 50%. American Bitcoin posts 53% mining margin American Bitcoin operates industrial-scale mining facilities and relies on infrastructure support from majority owner Hut 8. During the fourth quarter, the company said it mined bitcoin at a 53% gross margin, indicating production costs remained below prevailing spot prices despite the market downturn. Chief Executive Mike Ho said 2025 marked the firm’s first year as a standalone public company and cited expansion of its mining platform and bitcoin reserves as key milestones. President Matthew Prusak described the company’s strategy as securing bitcoin through mining and accumulating additional reserves through treasury purchases. The fourth-quarter loss of $59.45 million compares with a profit of $3.48 million in the same period a year earlier. The company also reported a profit in the previous quarter. Industry peers have taken varied approaches to the downturn. Some large miners, including MARA Holdings and Riot Platforms, have explored converting portions of their operations to artificial intelligence infrastructure. Others have sold parts of their bitcoin reserves to strengthen liquidity. Hut 8, which holds a majority stake in American Bitcoin, reported its own fourth-quarter results Wednesday. The company said it ended the year with an 8,500-megawatt development pipeline and secured a new $200 million revolving credit facility with Two Prime. It also expanded an existing credit facility with Coinbase to $200 million, bringing total available credit capacity to $400 million. This post Trump-Linked American Bitcoin (ABTC) Posts $59M Q4 Loss as Bitcoin Slump Hits Treasury Holdings first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

by Bitcoin Magazine (News Bot) Feb 26, 2026 · Edited

Growing Creative Literacy in the Age of Bitcoin: A Conversation with Bruce Barone Jr. of BrainSprout

Bitcoin Magazine Growing Creative Literacy in the Age of Bitcoin: A Conversation with Bruce Barone Jr. of BrainSprout At Bitcoin Conference 2026, BrainSprout enters the art gallery as a cultural participant. Founded by Bruce Barone and his son, BrainSprout focuses on cultivating creative literacy and narrative intelligence in younger generations — a mission that intersects in unexpected ways with Bitcoin’s emphasis on sovereignty, responsibility, and long-term thinking. In an era when algorithmic feeds shape what young people see, believe, and value, BrainSprout’s work poses a question that resonates deeply within Bitcoin culture: How do you teach someone to think for themselves? This conversation explores creativity, symbolic language, youth education, and why the Bitcoin Conference art gallery — a space already dedicated to the intersection of value, narrative, and visual culture — provides fertile ground for BrainSprout’s vision of intellectual development. Creative literacy has become something of a buzzword in education circles, but BrainSprout seems to be operating with a more specific definition. What is BrainSprout at its core, and what does it mean to cultivate “creative confidence” in a generation that has more access to information than any before it—and arguably less capacity to interpret it? Bruce: BrainSprout is about cultivating creative confidence and critical thinking in young people. We focus on helping students engage with big ideas—narrative, symbolism, ethics, technology—through art and storytelling. It’s less about prescribing belief systems and more about helping people develop intellectual resilience and imagination. The Bitcoin Conference art gallery has hosted artists exploring how memes and digital culture accumulate symbolic meaning at internet speed, writers and historians situating Bitcoin within broader cultural and intellectual traditions, and everything in between. It’s a space where ideas about value, time, and meaning collide in public. What made this particular venue interesting for BrainSprout to show up? Bruce: Bitcoin is more than a financial protocol—it’s a cultural moment. It represents self-custody, responsibility, long-term thinking in the face of an immediate, fast-food information culture. Those are ideas we care deeply about in education. The art gallery in particular felt like a space where symbolic thinking and value intersect publicly. You’re not pitching people on a product. You’re inviting them into a conversation about what matters. In the digital age, icons, symbols, and cultural references accumulate meaning almost instantly — a kind of visual literacy happening organically online, but without anyone teaching the underlying mechanics. Education hasn’t caught up to this faster-paced media consumption. Artists like Nardo, who has exhibited at multiple Bitcoin Conference galleries, make work that engages adult audiences already fluent in that symbolic language. How does BrainSprout think about decoding imagery as a learned ability, and how does that approach differ for younger audiences who don’t yet have that context? Bruce: We’re living in an era where symbols move at internet speed. Memes, icons, cultural references—they accumulate meaning almost instantly. But education hasn’t caught up. Most curricula still treat visual literacy as optional, an elective rather than a core skill. We try to slow that process down and teach people how to decode imagery, how to understand the structures beneath the surface. For young people especially, the challenge is different than it is for adults. Adults consuming Nardo’s work can appreciate the irony of a hand-painted meme. A twelve-year-old needs to first understand why something is funny, or persuasive, or manipulative—before they can begin to create on those terms themselves. Bitcoin culture often talks about sovereignty—self-custody of your keys, verification over trust, personal responsibility for your financial future. But sovereignty isn’t just a financial concept. Alternative education models are gaining traction, from Austin’s Alpha School to the broader homeschooling movement, all rooted in a similar instinct: the idea that individuals and families should have more control over how knowledge is transmitted. Do you see a parallel between financial sovereignty and creative sovereignty? Bruce: Absolutely. Creative literacy is a form of sovereignty. When you can interpret narratives, construct your own frameworks, and think independently, you’re less vulnerable to manipulation. That applies financially and culturally. There’s a reason library checkout data used to be monitored—what people read, what they choose to learn, is a form of power. We’re trying to give young people the tools to be literate not just in text, but in image, narrative, and financial systems. Those literacies reinforce each other. The questions BrainSprout seems to be pointing to in its content — meaning, purpose, truth, how to live well — are the same questions that religious traditions, philosophy, and literature have grappled with for millennia. How do you navigate that territory, and how do you think about BrainSprout’s relationship to those traditions without being confined by any single one? Bruce: We’re interested in the universal human questions—meaning, purpose, responsibility, truth. Those questions have been explored through religious traditions, philosophy, literature, and art for thousands of years. We draw from that broad heritage, but our focus is on cultivating thoughtful, grounded individuals who can navigate complexity—and also dream big. We’re not prescribing answers. We’re trying to build the kind of person who can sit with hard questions and not collapse into the first easy narrative that comes along. Art historian and Bitcoin Magazine contributor Steven Reiss has argued that Bitcoin is the cultural consequence of ideas rehearsed for over a century — from Dada’s attack on institutional authority to the cypherpunks’ insistence on building systems beyond centralized control. There’s a through-line about resisting what you might call corporate flattening — algorithmic systems optimizing everything for speed and engagement at the expense of depth. Young people today are fully immersed in those systems. What role does creativity play in that environment? Bruce: Creativity is a stabilizing force. When everything around you is optimized for speed and engagement, deep thinking becomes rare—and valuable. We’re trying to give students tools to step back, analyze the systems they’re embedded in, and build their own structures of meaning rather than passively consuming someone else’s. That’s not anti-technology. It’s about having the intellectual foundation to use technology intentionally rather than being used by it. Much of BrainSprout’s visual content is produced by Bruce’s son Brucie Jr., who uses AI-assisted tools to build the imagery that accompanies the project’s educational mission — a detail that quietly underscores the whole premise. The next generation isn’t waiting to be taught how to create. They’re already building. Explore more of BrainSprout’s work at brainsproutkids.com and on their YouTube channel. This post Growing Creative Literacy in the Age of Bitcoin: A Conversation with Bruce Barone Jr. of BrainSprout first appeared on Bitcoin Magazine and is written by Dennis Koch.