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HL Offers Bitcoin Exposure. The Exit Still Has Terms.
The broker’s ETNs provide a route to Bitcoin’s price. The documents distinguish that trade from holding coins, and a market sale from conditional redemption.
Filed at block 965,703
Markets
Keep the Bitcoin, Lose the Keys: Inside Better and Coinbase's Mortgage
The product avoids a sale and price-triggered margin calls, but it adds a second loan, a second lien and lender custody of 250% Bitcoin collateral.
Filed at block 964,784
At Least 8.93% of Bitcoin Sits Behind Somebody Else's Keys
One fund, one state and ten companies reveal a minimum of 1.793 million BTC held through institutions rather than as bearer property. The true figure is higher; the rest is unknown.
Filed at block 964,180
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Number Go Up Brings People In. It Does Not Teach Them Bitcoin.
A Federal Reserve experiment and two large retail datasets show how rising bitcoin prices pull people toward crypto. None shows that newcomers gained self-custody, privacy, or permissionless money.
Filed at block 963,957
Strategy’s New Cash Pool Is Optionality, Not a Bitcoin Purchase
Strategy raised $2.01 billion, created a cash pool that can buy bitcoin—and bought none. For ordinary holders, corporate optionality is not the same as adoption.
Filed at block 963,938
Bitcoin's 22% Rally Was a Rates Trade. $80,000 Is the Test.
Treasury buybacks, softer policy expectations and a short squeeze lifted bitcoin above $77,000. The move is real; a durable breakout is not yet proven.
Filed at block 963,629