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Discord Wants Your Face, Here’s Why You Should Say No

Bitcoin Magazine Discord Wants Your Face, Here’s Why You Should Say No “Concentrated power is not rendered harmless by the good intentions of those who create it.” – Milton Friedman Discord’s move to require age verification through facial recognition and ID scans arrives wrapped in the language of protection. But it’s actually a blueprint for something more troubling: normalizing surveillance in the name of safety. There’s no real way to know how many Bitcoin-focused Discord groups there are, but there’s no doubt that Discord is an often-reached-for tool in our ecosystem’s toolbox. The rationales presented by Discord are, by now, familiar. But while KYC (Know Your Customer) requirements, as stated, serve noble purposes, they are little more than ratcheting screws in practice. Each requirement normalizes the next. Each new baseline becomes tomorrow’s minimum. The Overton window moves. Our movement is skeptical of concentrated power no matter its source—particularly the power to know, track, and categorize citizens. This is true whether that power comes from governments, corporations and, more narrowly, online community platforms. Discord presents its move as inevitable. It’s not. I know that Discord isn’t trying to harm anyone. The company genuinely believes it’s protecting users. But good intentions don’t prevent the drift. They accelerate it. There’s also the risk that the collected data becomes exposed. Luckily, there are alternatives. As with Linux and even Bitcoin itself, the open-source approach presents the solution. Alternatives that invert the power dynamic—where users control their keys and platforms can’t—are quietly gaining traction. Open Source Beats a Tightened Fist Open-source platforms built on federation models—services like Fedi—don’t require identity verification to participate. They’re privacy-by-design, not privacy-theater. They may be slower to scale and lack Discord’s network effects, but they’re also immune to the pressure that turns “safety features” into surveillance infrastructure. Additionally, Nostr—a censorship-resistant protocol built on cryptographic keys instead of usernames and passwords—represents another alternative. With Nostr, you don’t create an account with a company but, rather, a keypair. That key is yours. No verification. No ID. No biometrics. No company between you and your data. The protocol is still young. The user experience needs work. But the architecture is sound: you own your identity, not a platform. This matters more than it sounds. On Discord, your account is Discord’s property. On Nostr, your account is mathematically yours. You can move between relay servers—the infrastructure layer—without losing your identity or your social graph. You can’t be deplatformed because there’s no platform to deplatform you from. And it’s not just Discord. It’s TikTok facing potential regulation. It’s Instagram adding identity verification for creators. It’s the entire social internet moving inch by inch toward a future where participation requires documentation. The Moves We’re Making We’re at an inflection point. Over the next few years, communities like Bitcoin Park‘s 1,000+-person Discord will migrate to alternatives. We’re slowly moving ours across multiple platforms—Fedi for federated communication, Nostr for censorship-resistant social layers. This is not because our members are doing anything wrong and most certainly not because we have something to hide. We believe people deserve infrastructure that respects privacy and sovereignty as principles. These tools are unglamorous and slower to adopt, but they’re getting better. And they’re the only infrastructure that genuinely inverts the power dynamic—putting users in control rather than platforms. So we’re choosing tools that can’t be turned off. Not because we’re paranoid but because, on behalf of the communities we serve, we’re paying attention. Consider subscribing: bitcoinpark.com/email This is a guest post by Rod. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine. This post Discord Wants Your Face, Here’s Why You Should Say No first appeared on Bitcoin Magazine and is written by Rod.

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Morgan Stanley Has Future Plans for Bitcoin Trading, Lending, and Custody

Bitcoin Magazine Morgan Stanley Has Future Plans for Bitcoin Trading, Lending, and Custody Morgan Stanley wants to expand its digital asset offerings, including a native custody and exchange solution for crypto, the firm said during a conversation at Strategy World. Phong Le, President and CEO of Strategy, spoke with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, about the firm’s upcoming products. Morgan Stanley will first allow clients on its E-Trade platform to buy and sell spot cryptocurrencies through a partnership. Last year, the bank said it was pursuing a spot Bitcoin ETF and planning to enable direct trading for clients via E*Trade. Over the next year, the bank intends to develop a fully integrated custody and exchange platform. “This is a natural progression,” the executive said. “We can’t just primarily rent the technology to do this. People expect Morgan Stanley – they trust our brand – to be no fail. JUST IN: Morgan Stanley's Amy Oldenburg confirms the bank has plans to offer Bitcoin trading, lending, yield, and custody in the future pic.twitter.com/WUZVbtH3wZ — Bitcoin Magazine (@BitcoinMagazine) February 25, 2026 Morgan Stanley’s custody option for clients The planned solution would give clients legal custody of their digital assets under Morgan Stanley’s oversight. The firm acknowledged that some clients will continue to prefer self-custody, particularly in Bitcoin. Oldenburg outlined their experience in emerging markets as a driver for the firm’s approach to digital assets. Over 26 years at Morgan Stanley, including 13 years running the firm’s emerging market investing business, Oldenburg has observed early adoption of Bitcoin and other cryptocurrencies in 17 of the top 20 markets globally. “As this space continues to institutionalize, we aim to provide comprehensive services to our clients,” Oldenburg said. The bank is also exploring additional services, including yield and lending products against crypto holdings. “It’s a natural part of the roadmap to continue to explore,” the executive said. She said they are in the early stages but are tracking momentum in decentralized finance lending and other crypto products. Oldenburg noted that the bank manages $8 trillion in assets on its platform, and a significant portion of clients currently hold crypto off-platform. Bringing those assets onto the platform would allow the firm to offer custody, trading, and potential yield or lending services. No specific timeline was announced for the launch of yield or lending products, though the firm indicated these would follow the rollout of the custody and exchange platform. At the time of writing, Bitcoin is up 8% on the day and trading near $69,000. Other related equities and crypto are up as well. This post Morgan Stanley Has Future Plans for Bitcoin Trading, Lending, and Custody first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback

Bitcoin Magazine GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback Shares of GD Culture Group (Nasdaq: GDC) surged nearly 15% Wednesday after the company’s board approved the sale of its 7,500 bitcoin holdings, currently valued at roughly $510 million, more than double the firm’s $210 million market capitalization. Shares have since fallen a bit and are trading up 10% on the day. The board said proceeds from the sale would fund a previously announced $100 million share repurchase program disclosed on Feb. 18. The program is expected to be executed over the next six months, with management retaining flexibility to sell bitcoin in one or more transactions as market conditions dictate. The company emphasized it is under no obligation to sell a specific amount and can alter or suspend the plan at any time. The decision highlights a striking valuation gap: GD Culture’s bitcoin alone exceeds its total equity value. Its market cap-to-net asset value ratio (mNAV) sits around 0.5, among the lowest for corporate bitcoin holders. The company’s stock has lost about two-thirds of its value since last year, largely tracking bitcoin’s decline from record highs above $126,000. Nevada-based GD Culture operates through subsidiaries AI Catalysis and Shanghai Xianzhui Technology Co., focusing on AI-driven digital human technology and live-streaming e-commerce. With 7,500 BTC on its balance sheet, the company ranks among the 15 largest corporate bitcoin treasuries. GD Culture acquired its bitcoin stash following the 2025 purchase of Pallas Capital Holding, which was partly financed through the issuance of 39.18 million shares. Earlier in 2025, the company sold up to $300 million in stock to fund a broader crypto treasury strategy, which included purchases of bitcoin and the TRUMP memecoin. The company reported net income of $9.6 million for the nine months ended Sept. 30, 2025, a turnaround from a $14.1 million loss in 2024. Despite the positive earnings, GD Culture’s shares remain under pressure amid bitcoin’s broader sell-off. Corporations are selling bitcoin Other corporate bitcoin holders have also adjusted their treasuries recently. Bitdeer sold its entire BTC reserve to fund AI data center expansion, while Riot Platforms reduced its holdings late last year. GDC shares were trading up about 10% to $3.70 at publication time, reflecting a modest rebound in the price of bitcoin to near $69,000. Other crypto‑exposed stocks are rallying today as well in tandem with Bitcoin’s rebound. Coinbase (COIN) surged over 13%, Strategy (MSTR) over 8%, and Robinhood (HOOD) over 6%. This post GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Bitcoin Price Roars Over 7% to $69,000 as Market Tests Post-Capitulation Range

Bitcoin Magazine Bitcoin Price Roars Over 7% to $69,000 as Market Tests Post-Capitulation Range Bitcoin price climbed more than 7% today, pushing above $69,000 and marking one of its strongest daily moves during months of sell-offs. The rally follows weeks of compressed trading and comes as several price-based and miner-linked signals point to exhaustion in the recent drawdown. The bitcoin price fell close to 50% from its early-October high near $125,000 to a February low around $60,000. That decline placed bitcoin below its estimated average production cost for the first time since late 2022, a zone that has often aligned with late-stage selling and price stabilization. Current estimates put average production near $66,000, meaning the market has spent weeks pricing bitcoin below what many miners need to remain cash-flow neutral. The rebound through $69,000 shifts focus back to price structure. Bitcoin bounced from the 0.786 Fibonacci retracement near $62,000, a level that aligned with prior daily support, according to Bitcoin Magazine Pro data. Buyers defended that zone across multiple sessions before the bitcoin price turned higher. The rally off that base unfolded with expanding volume, suggesting fresh participation rather than short covering alone. JUST IN: Bitcoin hits $69,000! pic.twitter.com/hSHAeYiqwK — Bitcoin Magazine (@BitcoinMagazine) February 25, 2026 Where’s the bitcoin price headed? Bitcoin price now trades back inside the range that defined most of January. The next area in focus sits near the point of control around the mid-$70,000s, where trading activity concentrated before the breakdown. A reclaim of that zone would place bitcoin back above its volume-weighted center and reset the near-term structure. Failure to do so would keep price range-bound despite the rebound. Mining data adds context but price remains the driver. The Hash Ribbon, which tracks short- and medium-term hash rate trends, sits close to a recovery signal after nearly three months of miner stress. That period ranks among the longest capitulations on record. During such phases, miners often sell reserves to cover operating costs, adding steady supply to the market. As the hash rate begins to recover, that forced selling tends to ease. Since 2011, similar mining stress events have aligned with local or major bitcoin bottoms roughly 20 times, including early 2015, late 2018, and late 2022. In each case, price stabilized before trend direction resolved. Still, those signals work best as context rather than timing tools. Despite the rally, bitcoin faces overhead pressure. On-chain data shows a large share of supply remains held at a loss. Today, crypto‑exposed stocks broadly rallied in tandem with Bitcoin’s rebound. Coinbase (COIN) surged over 13%, Strategy (MSTR) over 8%, and Robinhood (HOOD) over 6%. This post Bitcoin Price Roars Over 7% to $69,000 as Market Tests Post-Capitulation Range first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8%

Bitcoin Magazine Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8% Thanks to a surge in bitcoin’s price, Strategy (MSTR) is having a great day on Wall Street despite some alarming balance sheet data. Among global equities valued above $25 billion, Strategy Inc. (MSTR) now carries the largest short position relative to its size. Roughly 14% of its $41.6 billion market capitalization has been sold short, placing it at the top of rankings compiled by firms including Goldman Sachs and FactSet. This is not a typical short story. Strategy trades as a corporate balance sheet wrapped around Bitcoin. Its equity functions as a leveraged instrument on BTC, shaped by debt issuance and continued accumulation under Executive Chairman Michael Saylor. The company holds more than 700,000 BTC acquired through a mix of convertible notes, equity offerings, and cash flow from its legacy software business. When Bitcoin rises, Strategy’s equity often expands at a faster rate due to embedded leverage. When Bitcoin falls, the compression works in reverse. At the time of writing, Bitcoin is surging 6.5% on the day near $68,000. Strategy shares are up nearly 8%. Strategy’s mark-to-market losses mount Strategy currently sits on roughly $7 billion in unrealized losses tied to its Bitcoin holdings. The losses reflect mark-to-market accounting, not liquidation. The coins remain on the balance sheet. Markets, however, price forward risk. Declines in BTC reduce asset coverage relative to outstanding debt. That dynamic sharpens volatility in MSTR. A 14% short interest ratio at this scale signals conviction. Hedge funds hold about 3% of the equity float, and more than 50 funds report positions. Yet not all short positioning represents outright bearish bets. Market participants point to basis trades. In this structure, firms purchase spot Bitcoin exposure — often through vehicles such as iShares Bitcoin Trust (IBIT) from BlackRock — while shorting MSTR. The objective is to capture the premium or discount between Strategy’s equity value and the underlying Bitcoin it holds, rather than predict a collapse in BTC. Trading firms including Jane Street have disclosed large positions in both IBIT and MSTR, suggesting paired strategies that aim to remain market neutral. Still, structural tension remains. If Bitcoin stages a sharp rally, short sellers face pressure to cover. Strategy’s thin float relative to demand can amplify upward moves. Conversely, further BTC drawdowns would intensify scrutiny on leverage and refinancing risk. Earlier this week, Strategy said they completed their 100th bitcoin purchase since 2020, acquiring 592 BTC for roughly $39.8 million at an average price of $67,286 per coin, funded through the sale of 297,940 Class A shares via its at-the-market offering program. With this latest buy, the company now holds 717,722 BTC acquired for $54.56 billion at an average of $76,020 per bitcoin, maintaining the largest corporate bitcoin treasury globally. This post Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8% first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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U.S. Treasury Sanctions Russian Exploit Broker Over Crypto-Funded Cyber Theft

Bitcoin Magazine U.S. Treasury Sanctions Russian Exploit Broker Over Crypto-Funded Cyber Theft The U.S. Department of the Treasury has sanctioned a Russian exploit brokerage network accused of purchasing stolen U.S. government cyber tools with crypto and reselling them to unauthorized buyers, marking the first use of new authorities under the Protecting American Intellectual Property Act. In an announcement Tuesday, the Treasury’s Office of Foreign Assets Control designated Russian national, Sergey Sergeyevich Zelenyuk, and his company, Operation Zero, along with several associates and affiliated firms. The action blocks any property or interests in property of the designated parties that fall under U.S. jurisdiction and bars U.S. persons from transacting with them. Treasury alleges that Zelenyuk, operating from St. Petersburg, built a business acquiring and selling “exploits” — tools that take advantage of software vulnerabilities to gain unauthorized access to systems or extract data. Among the exploits obtained by Operation Zero were at least eight proprietary cyber tools developed by a U.S. defense contractor for the exclusive use of the U.S. government and select allies. Those tools were stolen by Peter Williams, an Australian national and former employee of the contractor. According to the Department of Justice, Williams stole the trade secrets between 2022 and 2025 and sold them to Operation Zero in exchange for millions of dollars in cryptocurrency. He pleaded guilty in October 2025 to two counts of theft of trade secrets following an investigation by the Justice Department and the Federal Bureau of Investigation. Scott Bessent: We will hold you accountable for stealing trade secrets Treasury Secretary Scott Bessent said the designations reflect a broader effort to protect sensitive American intellectual property and safeguard national security. “If you steal U.S. trade secrets, we will hold you accountable,” Bessent said. The sanctions were issued pursuant to Executive Order 13694, as amended, which targets malicious cyber-enabled activities that threaten U.S. national security, foreign policy, or economic stability. In parallel, the State Department imposed sanctions under the Protecting American Intellectual Property Act, a law that provides for penalties against foreign actors who engage in or benefit from significant theft of U.S. trade secrets when the conduct poses a national security or economic threat. Zelenyuk and Operation Zero are the first individuals sanctioned under that statute. Treasury also designated several associates tied to the network, including Marina Evgenyevna Vasanovich, described as Zelenyuk’s assistant, and Special Technology Services LLC FZ, a United Arab Emirates-based technology firm controlled by Zelenyuk. Two additional individuals, Azizjon Makhmudovich Mamashoyev and Oleg Vyacheslavovich Kucherov, were sanctioned for providing material support. Treasury identified Kucherov as a suspected member of the Trickbot cybercrime group, a malware operation linked to ransomware attacks against U.S. government agencies and healthcare providers. Operation Zero advertised bounties worth millions of dollars in crypto for exploits targeting widely used U.S.-built operating systems and encrypted messaging platforms. Treasury said the firm did not disclose discovered vulnerabilities to affected software companies and instead sought to sell them to customers in non-NATO countries, including foreign intelligence services. While Treasury stated that crypto facilitated the transactions for the stolen tools, it did not publish specific crypto wallet addresses or impose blockchain-specific designations. This post U.S. Treasury Sanctions Russian Exploit Broker Over Crypto-Funded Cyber Theft first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Solo Miner Turns $75 into $200,000 Bitcoin Block Reward Using Rented Hashrate

Bitcoin Magazine Solo Miner Turns $75 into $200,000 Bitcoin Block Reward Using Rented Hashrate A rare and remarkable event in the Bitcoin mining world occurred recently when an independent miner validated an entire Bitcoin block — earning the full block subsidy of 3.125 BTC — after spending only about $75 on rented computing power. The feat was confirmed by mining firm Braiins on social media and reflected on‑chain data. According to Braiins, the miner successfully mined Bitcoin block 938092 — earning the full 3.125 BTC subsidy, worth roughly $200,000 at current prices — after renting about 1 petahash per second (PH/s) of hashpower via an on‑demand service. The total rental cost was reported as roughly 119,000 satoshis (about $75). The operation was coordinated using CKPool, a platform that lets solo miners broadcast and submit block solutions while retaining full block rewards when successful. This result came not from owning large mining hardware, but from temporary, rented hashrate — a model that lets hobbyists and smaller operators participate in Bitcoin mining without massive upfront investment. On‑demand hashrate essentially acts like a cloud‑based mining service, allowing users to rent SHA‑256 compute for a set period and point it at a mining pool or network target. Why this is so rare Solo block rewards in Bitcoin mining have become increasingly uncommon as the network’s total computing power and difficulty have climbed. Large mining pools dominate block production because they combine massive hashpower from many miners, dramatically improving odds of finding blocks. By contrast, individual miners — especially those using modest or rented hashpower — face very low probabilities of solving a block on their own. Data aggregator Bennet shows only 21 solo miners have found blocks over the past year, a total of about 66 BTC worth approximately $4.1 million at current prices — representing roughly one solo block every 17.2 days on average. That rate is a fraction of the thousands of blocks produced daily across the Bitcoin network. Even so, these solo wins — whether achieved with home rigs, small miners, or rented compute — stand out as statistical outliers, akin to lottery wins in traditional finance, rather than indicative of a broader shift in mining strategy. The event also occurred against the backdrop of recent volatility in mining difficulty. After significant downward pressure from winter storms that temporarily knocked hashrate offline in key mining regions, Bitcoin’s difficulty rebounded sharply — climbing about 15% to 144.4 trillion in the latest adjustment. That rebound followed an earlier 11% drop tied to weather‑related outages, described as the sharpest decline in network hashpower since China’s 2021 mining crackdown. Difficulty adjustments, which occur roughly every 2,016 blocks (~two weeks), are critical in balancing the network’s average block time to ~10 minutes and in calibrating the computational effort required to find new blocks. Big swings in network hashpower — whether from weather disruptions, miner shutdowns, or equipment turnover — can temporarily create conditions where lower‑cost, rented hashpower bets have better odds than usual. This post Solo Miner Turns $75 into $200,000 Bitcoin Block Reward Using Rented Hashrate first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Numo Launches Bitcoin Tap-to-Pay App for Merchants, Powered by Cashu

Bitcoin Magazine Numo Launches Bitcoin Tap-to-Pay App for Merchants, Powered by Cashu Bitcoin payments are getting a contactless upgrade. Numo has launched a new tap-to-pay point-of-sale app that enables merchants to accept bitcoin with an experience similar to Apple Pay and Google Pay — all without requiring additional hardware. The free, open-source Android app is now available as a direct APK download, with a release on the Google Play Store expected soon. Built on Cashu, an open-source ecash protocol for Bitcoin, Numo uses NFC functionality already present in most Android devices. During checkout, a customer’s Cashu wallet reads an NFC tag emulated by the merchant’s phone and writes back a payment token. The entire interaction takes just a few seconds, delivering a smooth, familiar tap-to-pay experience. In addition to Cashu payments, Numo supports Lightning invoices over the Lightning Network, making it compatible with any Lightning-enabled Bitcoin wallet. This dual functionality broadens its usability for both ecash and standard Lightning users. Bitcoin payments as easy as tapping your phone Designed with merchants in mind, Numo settles payments in Cashu ecash held on a mint. Merchants can configure an automatic withdrawal threshold so that once their balance reaches a predefined amount, funds are automatically swept to their own Lightning address without manual intervention. This feature aims to streamline treasury management while preserving self-custody principles. The app also includes built-in inventory management, payment history tracking, offline payment support and tipping functionality. Integration with BTCPay Server is currently in development, which could further expand its appeal among merchants already using self-hosted Bitcoin payment infrastructure. Numo charges zero platform fees, allowing merchants to retain the full value of each transaction. The project is fully open source under the MIT license and is being developed with support from OpenCash. “Bitcoin payments should be as easy as tapping your phone,” the team said in a statement. “Numo makes that a reality today, on any NFC-enabled Android device.” As competition grows among Bitcoin-native payment solutions, Numo’s hardware-free, open-source approach may appeal to merchants seeking a low-cost, self-sovereign alternative to traditional payment rails. Cashu is an open-source ecash protocol built on Bitcoin that uses blind signatures to enable privacy-preserving custodial payments without requiring any changes to the base layer. By connecting independent mints over the Lightning Network and incorporating programmable token scripts, Cashu aims to offer users a more private, flexible alternative to traditional custodial wallets. This post Numo Launches Bitcoin Tap-to-Pay App for Merchants, Powered by Cashu first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Michael Saylor Confirmed As A Speaker For Bitcoin 2026

Bitcoin Magazine Michael Saylor Confirmed As A Speaker For Bitcoin 2026 Michael Saylor, one of Bitcoin’s most influential advocates and the leading voice behind corporate Bitcoin adoption, has been officially confirmed as a speaker at Bitcoin 2026, returning to the world’s largest Bitcoin conference to share his latest insights on monetary transformation, institutional adoption, and the long-term future of sound money. As the co-founder and executive chairman of Strategy, Saylor has played a central role in reshaping how corporations think about Bitcoin, pioneering the use of BTC as a treasury reserve asset and influencing boardrooms, investors, and policymakers around the world. His past appearances at Bitcoin conferences have consistently been among the most anticipated sessions, drawing packed audiences and generating global media attention. WE'RE EXCITED TO ANNOUNCE MICHAEL SAYLOR AS A BITCOIN 2026 SPEAKER "BITCOIN IS MONEY. EVERYTHING ELSE IS CREDIT.” pic.twitter.com/7lXm7PLbBD — The Bitcoin Conference (@TheBitcoinConf) January 28, 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 Bitcoin 2026 is expected to surpass all previous records projecting more than 40,000 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 Michael Saylor 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 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 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 Michael Saylor Confirmed As A Speaker For Bitcoin 2026 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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The Core Issue: Keeping Bitcoin Core Secure

Bitcoin Magazine The Core Issue: Keeping Bitcoin Core Secure Bitcoin Core functions as the backbone for a monetary network securing over two trillion dollars in value. The stakes are immense, and large portions of the codebase can harbor high impact bugs. The consensus engine, peer-to-peer (p2p) message processing code, and cryptographic libraries are areas where vulnerabilities could enable theft, grind the network to a halt, or fundamentally undermine trust in the system. Unlike traditional financial software backed by insurance and legal remedies, Bitcoin’s security relies entirely on the quality of its code and the processes that maintain that quality. The approach to security in Bitcoin Core is not formally defined, but rather an evolving set of practices that have improved over time. Review processes have become more thorough, testing infrastructure has been expanded significantly, and the project as a whole has become more conservative and deliberate about changes to the software. This slower pace is itself a security measure, reducing the risk of introducing new bugs through hasty modifications. This piece examines several key aspects of how Bitcoin Core approaches security: the disclosure policy for handling discovered vulnerabilities the extensive fuzzing infrastructure that hunts for bugs the broader testing toolkit that catches issues before they reach production These practices work together, though not as a grand unified strategy, but as complementary layers of defense that have developed as the project has matured. Vulnerability Disclosure Process Bitcoin Core as a software project provides no automatic update functionality for the software it ships, as a protective measure for its users against its developers, and all released binaries can be verified to match the published source code through reproducible builds. Node runners are responsible for deciding which version of the software to run and when to upgrade. In the context of security vulnerabilities, this presents a serious dilemma. Fixes need to be open source for the review process before a release can be made, yet full disclosure must be delayed to allow users reasonable time to update, given that once a vulnerability’s details are published, attackers can exploit it. Historically, the project’s public disclosure of security-critical vulnerabilities, whether reported externally or discovered by contributors, has been inadequate. This led to a situation where many users perceived Bitcoin Core as never having bugs, a dangerous and inaccurate perception to have. Roughly a year and a half ago, motivated by these issues, the project revised and formalized its handling of security issues into a comprehensive disclosure policy and advisory process. The goals were to provide more transparency, set clear expectations for security researchers (providing them with an incentive to find and responsibly disclose vulnerabilities), better communicate the risks of running outdated versions, and make security bugs available to the wider group of contributors after disclosure to help learn from and prevent future ones. Policy All vulnerabilities should be reported to security@bitcoincore.org (see SECURITY.md for details). When reported, a vulnerability will be assigned a severity category. We differentiate between 4 classes of vulnerabilities: Critical: Bugs that threaten the fundamental security and integrity of the entire Bitcoin network. These are bugs that allow for coin theft at the protocol level, the creation of coins outside of the specified issuance schedule, or permanent, network-wide chain splits. High: Bugs with a significant impact on affected nodes or the network. These are typically exploitable remotely under default configurations and can cause widespread disruption. Medium: Bugs that can noticeably degrade the network’s or a node’s performance or functionality, but are limited in their scope or exploitability. These might require special conditions to trigger, such as non-default settings, or result in service degradation rather than a complete node failure. Low: Bugs that are challenging to exploit or have a minor impact on a node’s operation. They might only be triggerable under non-default configurations or from the local network, and do not pose an immediate or widespread threat. Low severity vulnerabilities will be disclosed 2 weeks after the release of a major version containing the fix. Medium and High severity vulnerabilities will be disclosed 2 weeks after the last affected release goes End of Life (approximately a year after a major version containing the fix was first released). A pre-announcement will be made two weeks prior to releasing the details of a vulnerability. This pre-announcement will coincide with the release of a new major version and contain the number of fixed vulnerabilities and their severity levels. Critical bugs are not considered in the standard policy, as they would most likely require an ad-hoc procedure. Also, a bug may not be considered a vulnerability at all. Any reported issue may also be considered serious, yet not require embargo. When a vulnerability is reported to the project, it is first verified and assessed by Bitcoin Core’s “Security Team”, a small group of long-term contributors with a track record of finding or fixing security bugs. The project categorizes vulnerabilities into four severity levels: Critical (threats to network integrity like coin theft or inflation), High (significant impact, remotely exploitable), Medium (performance degradation or limited scope), and Low (difficult to exploit with minor impact). If confirmed as serious, a fix is developed and thoroughly tested in private. The fix is then submitted as a pull request just like any other code change, but the PR description and discussion obfuscate the true nature of the fix. It might be framed as a refactoring, performance improvement, or hardening against potential issues. This allows the fix to go through normal code review while keeping the vulnerability details private. This approach involves real tradeoffs, and it is a genuinely difficult balancing act to maintain. Critics might argue it’s paternalistic or that it concentrates too much power in the hands of a few developers who know about vulnerabilities before the public. These concerns deserve serious consideration, but the alternative of immediate public disclosure could be catastrophic. Publishing vulnerability details before most users have updated essentially provides attackers with both the target list (unupdated nodes) and the weapon (exploit code). Fuzzing Infrastructure Fuzzing is a testing technique that feeds randomized, malformed, or unexpected inputs to software to find bugs. Basically, continuously generate and mutate test cases automatically, feed them to the program, and watch for unexpected behavior such as crashes, hangs, logic bugs, etc.. Modern fuzzers use evolutionary algorithms to learn which inputs trigger interesting code paths, then mutate those inputs to explore deeper into the program. It’s an effective way to find edge case bugs that would be nearly impossible to discover through manual testing or code review at the same rate. Because the fuzzer provides the inputs for this testing, the developer can’t directly assert expected outcomes (e.g., input A must yield output B). Instead, they make assertions about general properties the software should maintain. This is extremely valuable, as it allows us to build broader confidence in the desired behavior by testing properties such as preventing the node from crashing or ensuring the coin supply never inflates beyond what is expected. Due to the critical need for correctness, robustness, and security, Bitcoin Core extensively utilizes fuzzing with various approaches. Throughout Bitcoin Core’s history, fuzz testing efforts have been ramping up. The earliest mentions of very primitive fuzzing date all the way back to 2012 and the integration of a simple fuzzing framework occurred in 2016, which evolved into today’s comprehensive framework with over 200 individual fuzz tests, covering critical individual components and functions of the codebase. Unlike standard unit tests, fuzz tests do not have a defined “pass” point, i.e. you don’t run them once and get a “passed” or “failed” status in return. Because fuzzing is an ongoing random process, any statements about the results (when no flaws are found) can only be probabilistic. A fuzz test may run for 5000 hours without finding a bug, yet the next 5000 hours might uncover one. Consequently, to be effective, fuzz tests must be executed continuously. While Bitcoin Core leans on Google’s oss-fuzz infrastructure to run its fuzz tests, it also heavily invests in building out its own, with several contributors continuously fuzzing with their own setups. As an example, Brink’s infrastructure alone provides more than 1 million CPU hours per year to fuzzing Bitcoin Core. While the Bitcoin Core repository has numerous fuzz tests at the component/function level, several external projects employ distinct fuzzing strategies. Cryptofuzz, now retired, focused on differentially fuzzing libsecp256k1 and other cryptographic code. For non-cryptographic code, such as serialization primitives, consensus logic, and wallet descriptor parsing, the project bitcoinfuzz uses a Bitcoin-specific differential fuzzing approach. A full-system fuzzing methodology to uncover bugs at the system level is also being developed with Fuzzamoto, mainly aimed at finding bugs arising from complicated interactions between different parts of the codebase interacting as a complete system. Hundreds, if not thousands, of bugs have been found by fuzzing in released Bitcoin Core versions or pull requests throughout the years (obviously not all of them security relevant), highlighting the effectiveness and importance of fuzzing. A recently published high severity example is CVE-2024-35202, a remotely reachable crash bug found through fuzzing that could have enabled an attacker to crash all publicly reachable nodes. The discovery involved refactoring the compact block relay logic, extracting it into its own isolated and testable module and writing a fuzz test for it. Quality Assurance While fuzzing is highlighted above, the project employs various additional testing methodologies on a day-to-day basis, to further minimize the risk of issues reaching production code. Bitcoin Core has hundreds of unit tests. These tests are designed to verify the expected behavior of small, isolated pieces of code, such as individual functions or classes. For instance, unit tests are used to verify the behavior of the proof-of-work verification function. These tests involve providing edge-case inputs to the function and testing whether the resulting outputs meet expectations. Functional tests on the other hand test one or more Bitcoin Core instances as a whole, verifying behavior at a higher system level, by using the external interfaces of the software (e.g. RPCs, p2p messages) to simulate potential real world scenarios. Such a test could for example, spin up a small network of nodes, submit a transaction to one of them (e.g. using the wallet RPCs) and then verify whether or not all nodes in the test eventually observe and accept the transaction. Bitcoin Core historically lacked significant code modularity, a characteristic that persists in several areas. Consequently, the project has leaned more on a functional testing approach than a unit testing one, as it often requires refactoring code in advance to isolate the target code for testing independently. Each testing methodology has its strengths and weaknesses. Unit tests are often fast to execute and are good at pin pointing where a bug is located, as their scope is small and well defined. However, by definition, they won’t detect bugs that only manifest from the interaction of multiple units. This is where the functional tests shine as they put the full system under test, which comes at the cost of execution speed, as they have to set up and tear down node instances on each test run. They are also much worse at indicating to the developer where a bug is located. Looking at the example above, if the transaction propagation test fails (i.e. the transaction did not propagate to all nodes), it is harder to tell which components of the system are buggy. It could be a bug in the mempool acceptance logic, the networking code, the RPCs used to create the transaction or any of the other components involved. No single method is the best, it is the combination of all methodologies that forges a piece of software with the highest likelihood of functioning correctly. All tests are run within the CI on every PR and every push to the master branch. All unit, functional and fuzz tests (running previously generated inputs) are run across a matrix of different host operating systems, CPU architectures and various bug detection mechanisms, such as the sanitizers (Address, Thread, Undefined, Memory) and valgrind to catch common C++ bug classes relating to memory safety and undefined behavior. Bitcoin Core incrementally evolved from the original client Satoshi released, with contributors coming and going as time went on, and as such contains a lot of legacy code. Refactoring existing code, to simplify and isolate it, has been and still is a large part of the work being done in the project. Whether it is the Kernel, a new p2p feature, performance improvements or preparation for putting more tests into place, all of it requires refactoring. Opinions on when and how to refactor are however divided, as it can be a double edged sword. While refactoring refreshes context for those involved, uncovers bugs and usually enables more testing, it can also be scary to touch code that no one understands anymore and may also lead to new bugs being introduced. Both the functional tests and other testing strategies at the system level (such as Fuzzamoto mentioned above in the fuzzing section) are ways to derisk refactoring efforts, as tests at that layer require little to no refactoring upfront. Prior to major releases, as an additional testing strategy, the project produces a testing guide for users, developers and the community as a whole to manually test established and new features. Testing the software with typical usage is usually encouraged, as a call to action, to verify that individual users’ normal workflows remain functional. 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. This post The Core Issue: Keeping Bitcoin Core Secure first appeared on Bitcoin Magazine and is written by Niklas Gögge.

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Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy

Bitcoin Magazine Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy Canaan (CAN) has acquired Cipher Mining Technologies Inc.’s (NASDAQ: CIFR) 49% stake in three fully operational West Texas mining projects, marking a significant step in its strategy to integrate low-cost power with high-performance computing. The transaction, valued at approximately $39.75 million, according to a note shared with Bitcoin Magazine, was completed entirely through the issuance of Canaan shares, priced at $0.7394 per American Depositary Share (ADS), giving Cipher a meaningful equity position in Canaan. The assets acquired — Alborz LLC, Bear LLC, and Chief Mountain LLC — operate a combined 120 MW of power capacity and deliver a total of 4.4 EH/s of Bitcoin mining hashrate. The acquisition also includes 6,840 Avalon® A15Pro-AVG-221T mining rigs, originally purchased from Canaan in mid-2025 and deployed at Cipher’s Black Pearl site, which is now being converted into an AI and high-performance computing (HPC) data center. A key feature of the deal is the highly competitive energy cost. The projects benefit from sub-3¢ per kWh contracted power in the ERCOT grid, among the lowest disclosed rates in the U.S., and integrate off-grid wind power at the Alborz site. Canaan’s stock is up 10% today near $0.47 a share. Canaan: Control over power assets By acquiring direct access to fully operational power assets, the company said they position themselves to control both electricity supply and infrastructure, a move that reflects its broader energy strategy of upstream power exposure and AI/HPC colocation. Partnership with WindHQ LLC, which maintains a 51% stake in the projects, ensures operational synergy. WindHQ brings experience in wind energy, data centers, and power infrastructure, providing Canaan with local expertise and operational efficiency in the ERCOT market. The ABC Projects are capable of demand response and energy arbitrage, enabling the company to contribute to grid stabilization while supporting flexible, high-intensity compute workloads. “This acquisition represents a disciplined expansion of our North American digital asset footprint and a decisive step in executing Canaan’s broader energy strategy,” said Nangeng Zhang, chairman and CEO. “By increasing our exposure to high-quality, low-cost operational power assets in Texas, we align our proprietary technology with critical infrastructure to drive long-term efficiency and scale. We are also honored to welcome Cipher as a significant shareholder, deepening a relationship built on shared governance and strategic vision.” Cipher CEO Tyler Page highlighted the strategic nature of the equity exchange. “We were willing to take a meaningful position in Canaan because we see significant opportunity ahead. Canaan’s vertical integration, technology leadership, and energy platform make them the right steward for the next phase of growth,” he said. The company’s recent shift toward an upstream power development model signals a transition from opportunistic, asset-light mining toward a systematic approach. By integrating Bitcoin mining with AI-HPC colocation, the company aims to enhance return on invested capital, secure substantial long-term power commitments, and expand a project pipeline potentially at gigawatt scale. Throughout 2026, the company plans disciplined execution with partnership-driven expansion and project-level financing, reinforcing its focus on scalable, capital-efficient growth. With this acquisition, Canaan not only consolidates operational mining capacity but also positions itself at the intersection of low-cost energy and next-generation computing, aligning its digital asset operations with the accelerating AI conversion wave in Texas. This post Bitcoin Miner Canaan Acquires Cipher’s Stake in Texas Mining Projects, Expands AI and Power Strategy first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Bitcoin Price Drifts Lower to $60,000 as Market Signals Wane, Traders Eye Support Levels

Bitcoin Magazine Bitcoin Price Drifts Lower to $60,000 as Market Signals Wane, Traders Eye Support Levels Bitcoin’s price has extended its multi‑week corrective phase, sliding below key psychological and technical zones as traders assess both newer economic headwinds and internal market dynamics. The bitcoin price moved lower through the weekend and into Monday, punctuating an increasingly cautious market tone. Bitcoin price first violated the $65,000 support band on Sunday evening, with price action showing a rapid 5 % drop within roughly two hours of trading — a move that brought BTC under $65,000 for the first time in several weeks. This decline came amid low liquidity conditions and a lack of clear catalysts to sustain bullish momentum. The drop was not driven by an obvious single event, but rather a confluence of technical exhaustion, reduced bid pressure, and broader risk‑off sentiment in global markets. The move beneath $65,000 has now put additional emphasis on lower support clusters near the low $60,000s — levels that historically serve as both psychological and structural inflection points for intra‑day volatility. On Monday and Tuesday, Bitcoin’s range tightened, with intraday swings narrowing as directional conviction waned. Trading volumes over this period remained subdued relative to prior months, reflecting a broader hesitancy among participants to commit capital absent fresh catalysts. Bitcoin price faces pressure amid slow derivatives activity Industry observers say Bitcoin’s recent volatility reflects broader global uncertainty and strained liquidity conditions. “Bitcoin continues to be a global thermometer for world events and liquidity. Subdued liquidity and violent conflict are a recipe for a depressed bitcoin price in a market that is struggling to understand bitcoin as the most reliable asset in a chaotic world,” said Timot Lamarre, director of market research at Unchained to Bitcoin Magazine. “The ability to weightlessly carry wealth without counterparty risk is under-appreciated.” Institutional flows and corporate treasury activity provided an interesting counterpoint to price weakness. Strategy (the corporate entity helmed by Michael Saylor) completed its 100th bitcoin acquisition, adding roughly 592 BTC at an average price around $67,286, even as the Bitcoin price traded lower. Still, bearish dynamics have not completely abated. Failure to reclaim levels above the mid‑$65,000s could open the door to a test of the $60,000 region — a band that, if broken decisively, may induce a deeper wave of reactive selling from short‑term traders. Also, analysts tracking Bitcoin’s derivatives markets note that the current setup reflects a cautious and measured trading environment. “The derivatives complex has settled into a more defensive equilibrium. Without the crowded long positioning we’ve seen in the past, the risk of cascading liquidations on the downside is significantly reduced,” Bitfinex analysts wrote to Bitcoin Magazine. “But there’s a trade-off: upside momentum can no longer rely on the fuel of short-covering alone. For a durable recovery to take hold, we need to see funding stabilise alongside a genuine resurgence in spot demand and not just mechanical squeezes playing out in a leverage-light environment.” This post Bitcoin Price Drifts Lower to $60,000 as Market Signals Wane, Traders Eye Support Levels first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Coinbase Launches 24/5 Stock and ETF Trading for All U.S. Users, Expanding Beyond Crypto

Bitcoin Magazine Coinbase Launches 24/5 Stock and ETF Trading for All U.S. Users, Expanding Beyond Crypto Coinbase has opened stock and exchange-traded fund trading to all U.S. customers, expanding beyond digital assets as it pushes to become what it calls an “everything exchange.” The rollout allows users to buy and sell U.S.-listed stocks and ETFs on the same platform they use for crypto. Trading runs 24 hours a day, five days a week, with zero commission on eligible securities. Customers can fund trades with U.S. dollars or the USDC stablecoin and purchase fractional shares starting at $1. The move builds on a limited equities launch in December and follows the debut of predictions market earlier this month. Together, the products reflect a broader strategy to bring multiple asset classes under one account and interface. Coinbase is partnering with Yahoo Finance as part of the expansion, the company said. The financial news platform will add a “Trade [asset] on Coinbase” button to stock and crypto pages, allowing users to move from research to execution. Yahoo Finance will also integrate real-time data from Coinbase into its market pages. The companies did not disclose financial terms of the agreement. To power the equities infrastructure, the company is working with Apex Fintech Solutions for clearing, custody and execution services. The integration enables users to access U.S. equity markets within the Coinbase app while relying on Apex for back-end brokerage functions. The launch places the exchange in more direct competition with retail brokerages such as Robinhood, which has expanded its crypto offerings in recent years. By adding stocks and ETFs, Coinbase is moving onto Robinhood’s core turf as both firms compete for retail traders seeking exposure to digital assets and traditional markets in one account. Coinbase’s ($COIN) recent stock performance The expansion also carries implications for Coinbase’s own stock performance. Shares of Coinbase Global Inc., which trade under the ticker COIN, have often moved in tandem with the price of bitcoin, reflecting the company’s dependence on crypto trading revenue. A broader product mix tied to equities and other financial instruments could help loosen that relationship and position the company more like a diversified technology platform rather than a pure-play crypto exchange. Both COIN and Robinhood’s HOOD shares have fallen about 35% this year amid weakness in digital asset markets. By contrast, trading activity in equities has provided a steadier revenue base for some platforms during periods of lower crypto volatility. Over the past two weeks, Coinbase has faced sharp stock volatility as crypto markets swung between selloffs and brief relief rallies. Analysts trimmed price targets amid weaker trading activity, though shares rebounded strongly during short-term bitcoin surges. CEO Brian Armstrong also recently publicly defended the integrity of spot Bitcoin ETFs, rejecting claims that the products are backed by “paper bitcoin” and emphasizing Coinbase’s custodial role. Coinbase said more than 8,000 stocks and ETFs are available at launch, with plans to expand 24/5 trading to additional securities in the coming months. The company also signaled interest in offering tokenized stocks in the future, which would allow equities to move across blockchain networks and potentially trade around the clock. Any such products would be subject to regulatory approval. The equities push comes as Coinbase reported a fourth-quarter net loss of $667 million, with transaction revenue down quarter over quarter. Subscription and services revenue also declined. The addition of stock and ETF trading represents an effort to diversify income streams and attract users who want a single venue for managing crypto and traditional investments. This post Coinbase Launches 24/5 Stock and ETF Trading for All U.S. Users, Expanding Beyond Crypto first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Michigan Introduces Bill to Allow State Employees to Be Paid in Bitcoin

Bitcoin Magazine Michigan Introduces Bill to Allow State Employees to Be Paid in Bitcoin Michigan State Rep. Matt Maddock has introduced legislation that would allow classified state civil service employees to receive their wages in Bitcoin or other qualifying digital assets, marking what supporters describe as a first-of-its-kind effort to integrate Bitcoin into state payroll systems. The proposal would amend Michigan’s Payment of Wages and Fringe Benefits Act (1978 PA 390) by adding a new section permitting salaried state employees, beginning Jan. 1, 2027, to choose from three methods of compensation: U.S. currency paid in person at the Department of Treasury in Lansing, direct deposit or electronic transfer to a financial institution, or payment in a digital currency of the employee’s choice. Under the bill that was shared with Bitcoin Magazine, the state would be required to offer at least six digital currency options, with Bitcoin mandated as one of them. The legislation also prohibits the state from offering any state-owned or state-controlled digital currency in which issuance or supply is managed by a national government or central bank — a provision that effectively bars the use of central bank digital currencies (CBDCs). Maddock, a Republican from Milford and current vice chair of the House Appropriations Committee, said the measure is aimed at expanding financial choice for public workers and positioning Michigan as a leader in digital asset adoption. JUST IN: Michigan State Rep. Matt Maddock introduces bill to allow employees to be paid in bitcoin and to prohibit the issuance of a CBDC pic.twitter.com/mREwMSSg8v — Bitcoin Magazine (@BitcoinMagazine) February 24, 2026 Pro-bitcoin legislation coming out of Michigan The bill was developed in partnership with the Michigan Bitcoin Trade Council, a statewide advocacy organization focused on Bitcoin education and policy. If enacted, Michigan would become one of the first states to formally authorize bitcoin as a wage payment option for government employees. While several private-sector employers across the U.S. have experimented with paying workers in digital assets, state-level payroll integration remains rare. The wage proposal is part of a broader package of pro-Bitcoin legislation advancing in Lansing. Companion measures include HB 4511, which would establish a digital asset bill of rights prohibiting state and local governments from banning Bitcoin ownership or use; HB 4510, creating a framework for potential pension fund investment in large-cap digital assets; and HB 4512 and HB 4513, which seek to incentivize Bitcoin mining operations powered by abandoned oil and natural gas wells. The wage bill requires the state to honor an employee’s chosen payment method and sets parameters for digital asset offerings but does not detail the operational mechanics of conversion, custody or volatility management. Those implementation questions would likely fall to the Department of Treasury and other administrative agencies if the measure becomes law. Maddock said he is working to secure bipartisan co-sponsors ahead of the bill’s formal numbering and committee referral. Last week, Missouri House Bill 2080, introduced by Representative Ben Keathley, was referred to the House Commerce Committee, proposing the creation of a state-managed Bitcoin Strategic Reserve Fund that would allow the treasurer to acquire, custody, and hold bitcoin in cold storage for at least five years under defined statutory guidelines. In May 2025, New Hampshire empowered the state treasurer to allocate up to 10% of state funds into digital assets or precious metals with a market capitalization exceeding $500 billion. Since then, other states — including Arizona and Texas — have followed suit, advancing or establishing comparable bitcoin reserve frameworks. This post Michigan Introduces Bill to Allow State Employees to Be Paid in Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Bitcoin Weekly Close Weakens: $65,650 Support Fails, $60,000 Next Major Test

Bitcoin Magazine Bitcoin Weekly Close Weakens: $65,650 Support Fails, $60,000 Next Major Test Bitcoin Price Weekly Outlook Bitcoin closed the week out at $67,638, not an awe-inspiring close by any means. The support level at $65,650 has held for a couple of weeks now, but the relentless selling pressure will likely take it out this week. As of the time of this writing on Sunday night, the bitcoin price is currently trading below this support level at $64,600. We should expect the price action to remain bearish this week and likely threaten to take out the $60,000 low. Key Support and Resistance Levels Now There is still a chance the $65,600 support level could hold if the price manages to close back above it, but it would be highly unlikely at this point. $63,000 Would be the line of last defense for the bulls to avoid making new lows here. There is a possibility $57,800 could hold the weekly close and provide a reversal, but I wouldn’t be surprised if the price moves well below this level first, down to $53,000. Closing a week below $57,800 opens up the support zone at $42,000 to $44,000, which should be a nice area for long term support and a potential reversal in price. It almost feels like there is no point in providing resistance levels going into this week, with how bearish the price action has been. The price has been trying to hang onto this critical support zone, maintaining weekly closes above $67,000. If we finally lose this level, look for it to become resistance with the long-term POC on the volume profile now resting right there. $72,000 has proven to be significant resistance above here. Closing above $72,000 opens up $74,500, then we have $79,000 resistance above that. Outlook For This Week With this week’s price action starting with a big dump on Sunday night, the outlook is very dim for this week. While the daily oscillators were giving us some hope for a reversal over the last couple of weeks, they appear to be flipping bearish now. RSI is currently below the 13 SMA, while the MACD appears to be headed towards a bearish cross below the zero line. Both of these signals, being confirmed on a daily close, should lead to more downside. Market mood: Very bearish – The weekly candle this past week was not much different than the prior week, still weak, still bearish. The next few weeks The bulls have failed to generate any momentum after the bounce from $60,000 three weeks ago. Weekly oscillators are still in bearish territory with no signs of reversing, which points to continued downside. The MRI indicator is sitting on a red 6 entering this week, which would suggest another four weeks of bearish price action ahead, unless the price manages to close above $77,000 this week. This would be a highly unlikely outcome, to say the least. HODL onto your hats! Terminology Guide: Bulls/Bullish: Buyers or investors expecting the price to go higher. Bears/Bearish: Sellers or investors expecting the price to go lower. Support or support level: A level at which the price should hold for the asset, at least initially. The more touches on support, the weaker it gets and the more likely it is to fail to hold the price. Resistance or resistance level: Opposite of support. The level that is likely to reject the price, at least initially. The more touches at resistance, the weaker it gets and the more likely it is to fail to hold back the price. Volume Profile: An indicator that displays the total volume of buys and sells at specific price levels. The point of control (or POC) is a horizontal line on this indicator that shows us the price level at which the highest volume of transactions occurred. SMA: Simple Moving Average. Average price based on closing prices over the specified period. In the case of RSI, it is the average strength index value over the specified period. Oscillators: Technical indicators that vary over time, but typically remain within a band between set levels. Thus, they oscillate between a low level (typically representing oversold conditions) and a high level (typically representing overbought conditions). E.G., Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD). RSI Oscillator: The Relative Strength Index is a momentum oscillator that moves between 0 and 100. It measures the speed of the price and changes in the speed of the price movements. When RSI is over 70, it is considered to be overbought. When RSI is below 30, it is considered to be oversold. MACD Oscillator: Moving Average Convergence-Divergence is a momentum oscillator that subtracts the difference between 2 moving averages to indicate trend as well as momentum. Momentum Reversal Indicator (MRI): A proprietary indicator created by Tone Vays. The MRI indicator tracks buyer and seller momentum and exhaustion, providing signals to indicate when to expect momentum to fade and accelerate. This post Bitcoin Weekly Close Weakens: $65,650 Support Fails, $60,000 Next Major Test first appeared on Bitcoin Magazine and is written by Ethan Greene - Feral Analysis.

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Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter

Bitcoin Magazine Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the United States. The move represents a major step toward federal oversight for the digital-asset exchange, allowing it to offer institutional-grade custody, staking, and trade settlement services under direct OCC supervision. The new entity, Foris Dax National Trust Bank — which will operate as Crypto.com National Trust Bank once fully authorized — will function as a limited-purpose national trust bank. It will not accept deposits or issue loans, but will focus exclusively on digital-asset services. Conditional approval permits Crypto.com to proceed with its plans, though the company must meet pre-opening requirements related to capital, governance, risk controls, and internal policies before final approval is granted. Crypto.com already operates Crypto.com Custody Trust Company, a non-depository trust firm regulated by the New Hampshire Banking Department. Crypto.com: A one-stop crypto custodian The federal charter would sit alongside this existing state-level entity, offering institutions a “one-stop” qualified custodian under a single federal regulatory framework. According to CEO Kris Marszalek, the approval underscores the firm’s commitment to compliance and providing secure, regulated services for customers. “This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect from Crypto.com,” Marszalek said. “This milestone brings us a major step closer to meeting leading institutions’ needs for a one-stop-shop qualified custodian under a gold standard of federal oversight.” According to Bloomberg, Marszalek was one of the first crypto executives to meet with Trump at Mar-a-Lago following his 2024 election victory. The company subsequently contributed $1 million to Trump’s inauguration committee and has given eight-figure donations to MAGA Inc., a conservative political action committee. In January, the exchange added another $5 million to MAGA Inc., according to a recent filing. The announcement positions the exchange among a growing wave of digital-asset firms pursuing national trust charters, including Circle Internet Group, Paxos, BitGo, and Fidelity Digital Assets. For institutional investors, such federal oversight provides regulatory clarity, simplifies compliance, and strengthens confidence in digital-asset custody solutions. Earlier this month, Marszalek acquired the AI.com domain for about $70 million in cryptocurrency, planning to launch a consumer AI platform under the brand. The purchase, brokered by Larry Fischer, is believed to be the largest domain name transaction to date, with the domain previously listed at $100 million. This post Crypto.com Receives Conditional Approval for U.S. National Trust Bank Charter first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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From 40 Meetups a Month to Nationwide Freedom: Bitcoin Indonesia’s Real-Life Comeback

Bitcoin Magazine From 40 Meetups a Month to Nationwide Freedom: Bitcoin Indonesia’s Real-Life Comeback Boasting 40 meetups a month and a broad estimated community of 55,000 bitcoiners, the Bitcoin Indonesia ecosystem might be one of the most active and successful Bitcoin adoption stories in the world today. Indonesia is a nation made up of 17,000 islands with over 380 different tribes and cultures. The nation, located between Australia and China, has a population of over 280 million people, which has been ravaged by inflation and monetary repression, seeing the Ruphia collaps 61% since over the past 30 years versus the dollar. As a result, its population is keenly aware of the problems with fiat currency and often open to alternatives, fertile ground for Bitcoin adoption. Today, the Bitcoin Indonesia circular economy has multiple ongoing education and adoption efforts across the country. According to Dimas, a former materials science engineer turned Bitcoin evangelist and one of the founders of Bitcoin Indonesia, there are roughly 55,000 people engaging with Bitcoin in one way or another through their efforts. The 40 meetups a month are hosted across 40 different cities throughout the country, with Fedi, Blink, and Wallet of Satoshi as popular wallets. Bitcoin Indonesia’s Fedimint Federation — a Bitcoin ecash payments infrastructure — is estimated to have between 10,000 and 20,000 members, though specific numbers are not available given ecash’s strong privacy properties. They have over 3,600 members in Telegram, over 27,000 on Instagram, and over 10,000 on TikTok, social platforms through which they distribute Bitcoin education content in a mix of Bahasa Indonesia and English to the local population. They are also one of the biggest My First Bitcoin nodes, having graduated 500 students by 2025 of the Bitcoin certification and education program originally born in El Salvador. They aim to double the number of graduates by the end of 2026. We visited 700 middle school students at Taruna Bakti Foundation in Bandung, Indonesia to teach them about Bitcoin. DM us if you’re interested in organizing it at your school/university. See you! #bitcoin #bitcoinadoption #bitcoinforindonesia #indonesia pic.twitter.com/ecvGXqeNUu — Bitcoin Indonesia (@bitcoinindo21) November 19, 2024 Surviving a Government Ban While Bitcoin Indonesia’s success is impressive, it is not the first time Bitcoin adoption has swelled in the country. Back in 2014, there was a Bitcoin adoption initiative that got some international attention called the Bitcoin island, which focused primarily on the beautiful tourist island of Bali. The initiative saw as few as 42 merchants accepting bitcoin up to ‘hundreads’ according to Dimas, including the purchase of a high-profile luxury villa with bitcoin, worth $500,000 at the time or 800 BTC. The momentum and adoption must have been strong because the Indonesian government responded to it, but not well. In 2017, the government unleashed a crackdown on alternative currencies in the country by the Bank of Indonesia, which issued a Regulation banning cryptocurrencies like Bitcoin as payment instruments, effective January 2018. It did not just target cryptocurrencies but also foreign fiat currencies like the dollar or euros for payments. The BI cited risks to financial stability, money laundering, and volatility, guaranteeing in turn the continued impoverishment of its population under a collapsing Ruphia. The crackdown was no paper tiger either; businesses advertising alternative currencies like Bitcoin saw undercover probes lead to shop closures under the threat of arrest and even jail time for operators. The crackdown coincided with the 2017 bitcoin bull market as well, which saw on-chain fees go as high as $50 dollars, an economic event in Bitcoin which shook the industry and led to the development of the Lightning Network, designed for high-speed, low-cost payments and which is used today throughout Bitcoin Circular Economies. As a result, however, adoption quieted down for years in this asian nation of islands, until after COVID hit, when the founders of the Bitcoin Indonesia community thought of a new way to spur bitcoin adoption in the country. Motivated by the post-COVID political and economic crisis, as well as the meteoric rise of bitcoin from a low of $4,000 to as high as $70,000, a small group of Indonesian Bitcoiners kickstarted the local Bitcoin community again, using a new legal strategy that had protected credit cards and airmiles rewards programs from the 2018 legal restrictions. Turns out if your payment system is a “closed loop” then you are not a ‘currency’. Bitcoin ownership was still legal as a store of value; it was only the medium of exchange usage that was restricted. But if instead of buying something with bitcoin you are redeeming bitcoin for a product or service, then it is, legally speaking, a fair game. This loophole, which protects the local banks and other major legacy financial players, also gave cover to Bitcoin. Here’s Fedi came in to provide infrastructure, leading to an actively used Bitcoin ecash mint, estimated to have 10,000 to 20,000 members. In Bitcoin Indonesia, people don’t spend bitcoin; they redeem it in stores that are members of the network, keeping the use of bitcoin legally compliant with the local laws, while unlocking merchant adoption. With the legal strategy sorted out, it was a matter of reactivating the network of Bitcoin OGs in the country, many likely created in that 2014 era of “The Bitcoin Island” in Bali. One moment in particular stood out to Dimas, looking back at the bootstrap phase of the community. He reached out to a local “Bitcoin whale” and mentioned he wanted to start a local My First Bitcoin node. Soon enough, the whale got back to him and offered a commercial location at a nearby mall to host the events; “owned by a son-in-law,” he said, “you can use it for free”. Stunned, Dimas asked, “Does he own the store or something?” The whale said, “No, he owns the mall”. An example, Dimas says that “anything can happen in Bitcoin”. This same initiative eventually led to the 500 students graduating from the My First Bitcoin program in 2025. Pillars of a Successful Bitcoin Meetup Leveraging his experience in the broader crypto industry, hosting education events for exchanges like Tokocrypto in 2021, Dimas and the local community also started hosting Bitcoin meetups. Unlike much of the competition in the country at the time, these educational events were free rather than costing attendees hundreds of dollars to access. Eventually, Bitcoin Indonesia developed a template for creating successful Bitcoin meetups, which they published as a guide on GitHub for free. The main pillars of a successful meetup, according to Dimas and the Bitcoin Indonesia community, are: Be a genuine Bitcoiner with solid knowledge. “First, you have to be a Bitcoiner. You have to know enough about Bitcoin.” Dimas explained. The leader must have a real understanding to educate and inspire others authentically. Be willing to become a long-term community leader. “Second, you are willing to become a leader, which means that you should be able to expand. Manage your community, and make it bigger. You don’t just run meet up and that’s it. You have to become like a role figure in your area.” Success requires ongoing commitment beyond one event. It means being publicly visible, building, growing, and owning the local Bitcoin presence. Secure a free venue with no barriers. “Third one, you have to find a place, a space, ideally a cafe… that attendees don’t have to pay to attend. There can’t be a minimum order of coffee or something like that.” The location must be zero-cost and welcoming (no minimum spend), removing financial hurdles so anyone can attend. Provide free branding and materials (with reimbursement). “We provide the leaders with the flag, with the books, flyers, stickers, banners, and everything. So they print it themselves, and then we just reimburse them.” Marketing and infrastructure support, like flags, books, flyers, etc, make the event look professional and consistent, while reimbursement keeps the leader motivated. Eventually, donations can support growing meetups. Keep it completely free for attendees. “Our brand is free, free meetup, free education.” Charging for education, like competing crypto academies that charge $1,000–$2,000, creates expectations of quick returns and often leads to disappointment or scams. Free access builds trust and rapid growth. Focus on Bitcoin and financial literacy. “We try to teach that Bitcoin is a tool that can literally empower you. That’s Bitcoin for everyone. First, what is money? And then what is the history of the Indonesian Rupiah? Why are you feeling so poor? And how Bitcoin can be one of the tools that can help people to achieve true financial freedom.” By teaching people financial literacy, they become inoculated against Ponzi schemes and other crypto scams, which have ravaged the country and seeded broad skepticism in the public towards this industry. Teaching people about the history of money and specifically their local currency helps them understand why Bitcoin can help them rise and break the cycle of fiat collapse. The Bitcoin Indonesia circular economy has been supported by HRF, OpenSats, Block.xyz, and Mike Petersoin of Bitcoin Beach fame. This post From 40 Meetups a Month to Nationwide Freedom: Bitcoin Indonesia’s Real-Life Comeback first appeared on Bitcoin Magazine and is written by Juan Galt.

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French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project

Bitcoin Magazine French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project French utility giant Engie is exploring the installation of battery storage systems or bitcoin mining data centers at its newly launched Assu Sol solar plant in Brazil, as it looks to offset mounting curtailment losses and improve project economics, according to Reuters reporting. Speaking to reporters, Eduardo Sattamini, Engie’s country manager in Brazil, said the company is evaluating potential “offtakers” that could absorb excess generation from the 895-megawatt-peak facility — the largest solar project in Engie’s global portfolio. According to Engie, the company is 23.64% owned and 33.20% controlled by the French government, and it typically focuses on low-carbon energy transition. Located in Brazil’s northeast, Assu Sol entered full commercial operation this month but has already been impacted by grid-imposed curtailments. The restrictions, designed to stabilize Brazil’s power system, force renewable plants to scale back output when supply exceeds demand. Curtailment has become a growing challenge for solar and wind operators in Brazil since 2023, as a wave of new renewable capacity collides with sluggish demand growth, transmission bottlenecks and rapid expansion in distributed generation, particularly rooftop solar. The result has been billions of reais in lost revenue across the sector. To mitigate the issue, Engie is considering on-site battery storage or hosting energy-intensive data centers dedicated to bitcoin mining — a strategy that would effectively convert otherwise stranded power into a monetizable asset. Sattamini cautioned, however, that any such initiative would take years to materialize. “That’s not coming next month,” he said. “It will take a couple of years for us to implement.” Bitcoin miners are pivoting to AI All this is happening as a growing number of bitcoin miners are pivoting to AI. As margins tighten and block subsidies trend toward zero, these bitcoin miners are repurposing their infrastructure to tap into the artificial intelligence boom. Data centers originally built for ASIC-powered SHA-256 hashing are being retrofitted to host high-performance GPUs optimized for AI training and inference workloads. Large operators are leading the charge. Bitfarms has publicly outlined plans to wind down its Bitcoin mining operations through 2026–27 and convert its Washington State facility into an AI-ready GPU-as-a-Service hub, complete with liquid-cooled Nvidia GB300 hardware backed by a $128 million upgrade deal. Other mining firms like IREN have locked in multibillion-dollar GPU cloud agreements with major tech partners like Microsoft, signaling that traditional mining power capacity can be redeployed into stable, contracted AI compute revenue. Also, Bitdeer Technologies has fully liquidated its corporate bitcoin treasury, reporting zero BTC held as of Feb. 20 after an eight-week drawdown from roughly 2,000 BTC at year-end 2025, including the sale of 189.8 BTC produced during the latest week and its remaining 943.1 BTC in reserves. The company said they are moving into AI infrastructure, rolling out NVIDIA GB200 NVL72 systems in Malaysia and switching several of their sites from crypto mining to AI data centers. This post French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Missouri Advances Second Attempt to Establish State Bitcoin Reserve

Bitcoin Magazine Missouri Advances Second Attempt to Establish State Bitcoin Reserve Missouri House Bill 2080, introduced in January by Representative Ben Keathley, has been referred to the House Commerce Committee, where it awaits a public hearing and committee vote. The measure would create a “Bitcoin Strategic Reserve Fund” for the state. It would authorize the treasurer to acquire, hold, and manage Bitcoin under defined statutory guidelines. The proposal follows a failed 2025 effort by Keathley, whose prior bill stalled in committee and did not reach a floor vote. This year’s version arrives with revised committee placement and a more structured custody framework. Under HB 2080, the state treasurer would be permitted to accept gifts, grants, donations, bequests, or devises of bitcoin from Missouri residents and governmental entities. The bill also authorizes the treasurer to purchase and hold bitcoin using state funds, though the framework emphasizes voluntary contributions as the primary funding source. Bitcoin acquired for the reserve must be placed in cold storage and held for a minimum of five years from the date it enters state custody. During that period, the assets cannot be sold, transferred, or converted. After the five-year threshold, the treasurer may sell, transfer, appropriate, or convert the holdings into another cryptocurrency authorized under the bill. The legislation defines bitcoin as a decentralized digital asset operating on a peer-to-peer network without centralized control. It also codifies “cold storage” as an offline method of securing private keys in a protected physical environment. By embedding definitions into statute, lawmakers seek to establish a legal foundation for custody and risk management. HB 2080 requires the treasurer to develop formal custody policies and authorizes the use of a qualified, independent, United States-based third-party entity to assist in securing and administering the reserve. The bill mandates biennial public reporting and oversight procedures designed to provide transparency into the fund’s holdings and activity. A separate provision would allow Missouri state agencies, with approval from the Department of Revenue, to accept cryptocurrency for taxes, fees, penalties, and other state obligations. Transaction costs may be borne by the payer. If the Commerce Committee advances the bill, it will move to the full House for debate and vote. Approval there would send it to the Senate for committee review, floor consideration, and final passage. The measure would then proceed to Governor Mike Kehoe for signature or veto. The bill carries a proposed effective date of Aug. 28, 2026. Missouri eliminates state capital gains Last year, Missouri House Bill 594 (HB594) cleared the Missouri House and was signed into law by Mike Kehoe. The measure has since been implemented, eliminating Missouri’s state capital gains tax by allowing residents to deduct 100% of federally reported capital gains from their state adjusted gross income — meaning Missourians owe no state tax when selling or spending bitcoin. Effective Jan. 1, 2025, Missouri became the first state to fully repeal state income taxes on capital gains for individuals. The 100% deduction applies to both short- and long-term gains derived from assets such as stocks, real estate and cryptocurrency, though it does not extend to distributions from retirement accounts. This post Missouri Advances Second Attempt to Establish State Bitcoin Reserve first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Bitdeer (BTDR) Dumps Bitcoin Treasury After Eight-Week Drawdown, Holds Zero BTC

Bitcoin Magazine Bitdeer (BTDR) Dumps Bitcoin Treasury After Eight-Week Drawdown, Holds Zero BTC Bitdeer Technologies has fully liquidated its corporate bitcoin treasury, reporting zero BTC held as of Feb. 20 and completing an eight-week drawdown from roughly 2,000 BTC at 2025 year-end. In its latest weekly production update, the Singapore-based miner disclosed that it produced 189.8 BTC during the period and sold the entire amount. It also offloaded its remaining 943.1 BTC in reserves in a single week, wiping out its balance sheet holdings. The figures exclude customer deposits. The move marks a sharp break from the traditional public miner strategy of accumulating bitcoin as a treasury asset. With the liquidation, Bitdeer becomes the largest publicly traded miner by self-mining hashrate to hold no bitcoin on its balance sheet. The selloff caps a steady reduction in holdings that accelerated this month. Bitdeer held about 1,530 BTC at the end of January before cutting that figure to 943.1 BTC by Feb. 13. The final week’s transactions eliminated the remaining balance entirely. The decision comes as mining economics tighten. Bitcoin network difficulty recently jumped 14.7%, while hashprice has fallen below $30 per PH/s/day. Bitdeer’s gross margin declined to 4.7% in the fourth quarter, down from 7.4% a year earlier, reflecting mounting operational pressure following the halving and rising competition. At the same time, the company is raising capital to fund expansion beyond core mining. Bitdeer recently priced a $325 million convertible notes offering and a $43.5 million equity placement, earmarked for data center buildouts, ASIC development and growth in high-performance computing (HPC) and AI cloud services. Bitdeer’s stock was trading near $7.75 in pre-market trading. Bitdeer: Bitcoin selling not a concern In a post on X, the company said the decision to sell and the liquidation should not be interpreted as a signal about Bitcoin’s long-term prospects. Instead, it framed the decision as a liquidity measure tied to evaluating multiple powered land acquisition opportunities and scaling infrastructure. “Our decision to sell Bitcoin should not be a concern for the broader market,” Bitdeer said. Operationally, Bitdeer’s mining output has increased. The company mined 668 BTC in January, up 430% year over year, and expanded its self-mining hashrate to 63.2 EH/s, with total proprietary hashrate reaching 65.1 EH/s. Rather than retaining coins, however, the firm is converting production into cash to support capital expenditures. The zero-BTC position sets Bitdeer apart from peers that continue to hold significant reserves. MARA Holdings maintains a treasury of roughly 53,250 BTC, while Riot Platforms holds around 18,000 BTC. Strategy, formerly MicroStrategy, remains the largest corporate holder with more than 717,000 BTC on its balance sheet. Across the sector, miners are increasingly reallocating capital toward AI and HPC infrastructure, which can offer contracted revenue streams less directly tied to bitcoin price cycles. Bitdeer has begun rolling out NVIDIA GB200 NVL72 systems in Malaysia and is converting select sites in the United States and Europe from crypto mining facilities into AI data centers. The company has not indicated whether it intends to rebuild its bitcoin position in the future. All this is happening as the Bitcoin price plunged more than 5% on Sunday evening EST, sliding below $65,000 with most of the move unfolding in a sharp two-hour sell-off driven by large holders sending coins to exchanges and recent buyers exiting at a loss. The drop pushed Bitcoin near $64,500, down roughly $3,500 on the day, after a weekend breakdown from the $67,000 range that snapped a period of tight consolidation and accelerated into thin liquidity. The decline also marks Bitcoin’s first stretch of six consecutive negative weekly closes, six straight closes below its 100-week moving average, and three consecutive weekly closes beneath its 2021 high. At the time of writing, Bitcoin is trading slightly above $66,000. This post Bitdeer (BTDR) Dumps Bitcoin Treasury After Eight-Week Drawdown, Holds Zero BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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