Welcome to "What Happened In Bitcoin?"

These are the topics of today's episode:

• Bitcoin draining from exchanges as institutional ETFs absorb the remaining liquid supply.
• The US banking giant PNC now offers direct Bitcoin trading to private wealth clients via Coinbase.
• Vivek Ramaswamy's firm Strive is raising half a billion dollars to build a massive Bitcoin reserve.
• Dormant Silk Road wallets from the infamous marketplace recently moved $3M worth of Bitcoin after a decade of inactivity.
• Record-low profitability is forcing miners to pivot toward large-scale renewable energy projects.
• Brazil's Itaú Asset Management now recommends a 1–3% Bitcoin allocation for portfolios by 2026.
• MicroStrategy purchased another $1B in Bitcoin, nearing 700k BTC in total holdings.
• JPMorgan, Citi, and Charles Schwab are reportedly beginning explore the possibility to issue credit lines backed by Bitcoin collateral.
• Eric Trump and Anthony Pompliano reported significant new additions to their corporate Bitcoin holdings.
• UK-based Satsuma sold $53M of its Bitcoin to strategically repay upcoming corporate loans.

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Business inquiries only: martin@whibtc.com

Thank you for listening.

Talk to you soon,

Martin

"What Happened In Bitcoin?" is your weekly briefing on the Bitcoin network, striving to provide a sober and objective analysis of the week's crucial developments.
No drama, no price predictions, but the essential message for understanding Bitcoin's progress.

Talk to you soon,

Martin