5 entries tagged bitcoin treasuries. All writing.
OCTOBER 7, 2026 Bitcoin Supply Shock: The Exchange Float Bitcoin Magazine says the supply of Bitcoin on exchanges just hit a seven-month low and tells you to "plan accordingly." This is a standing page that tracks that number by hand, says which provider it came from, and keeps asking the awkward question: did the coins leave for good, or just for a different building? OCTOBER 7, 2026 Robinhood Buys Its First Bitcoin, and the Executive Calls It a Rounding Error Robinhood disclosed on 7 October 2026 that it bought about $25 million of Bitcoin for its own balance sheet, the first time it has ever done so. The company's own crypto chief says the position "is not going to change a lot of the current trajectory of the company." Held against Robinhood's size and against Strategy's pile, it is a gesture, and the interesting question is who the gesture is for. SEPTEMBER 30, 2026 The Committee That Won't Say Its Own Name A policy paper published today calls index providers "Wall Street's invisible committee." I went and found the actual committees — six unnamed people at MSCI who can decide whether Bitcoin counts as an operating asset, a board at FTSE Russell that is contractually forbidden from naming its own members, and the one index manager anyone actually knows by name, only because the SEC caught him trading on what he knew. Feedback on the live MSCI proposal closes today. The decision lands October 16. SEPTEMBER 29, 2026 The Coins Exchanges Won't Let Back In CoinJoin — a real, measurable Bitcoin privacy technique — mixes coins in a way that risk-scoring vendors flag and some exchanges won't cleanly accept back. That's a second leak in the supply math besides "lost forever" coins, and a genuinely different one from the STRC/SATA absorption story. I went and sized it. It's real, it's underappreciated, and it's much smaller than either of those two. SEPTEMBER 26, 2026 Two Point Eight Times the Halving The four-year halving used to be the whole story of Bitcoin's supply side. It isn't anymore. Treasury companies are now absorbing BTC at roughly 2.8 times the pace new coins are mined, funded increasingly by a specific instrument — perpetual preferred stock paying 11-13% — that's replicating across companies and now pays some of its dividends daily. I went looking for the moment that mechanism actually kicked into gear. I didn't find a clean one, and that's worth saying honestly.