matthew sigel, recovering CFA

"Making it harder & more expensive to innovate, one regulation at a time"

Btw these were Open Market Purchases via the NY Fed, not through trade.

The fact that our existing FX reserves didn't require legislation doesn't make them less of a Strategic Reserve. And there was no change to the Treasury's stance that strong USD helps America.

👍

We did some math on this topic in this month's ChainCheck.

Assume the US Treasury starts buying 1M Bitcoin over 5 years at a starting price of $200k.

Assume US debt grows at 5% (vs. last 10 years 8% CAGR) & BTC price compounds at 25%.

VanEck Mid-December Bitcoin ChainCheck

Still bullish

Link in reply⬇️

#ETH ETF Launchoooors Compete For Dwindling Exchange Supply As Staking Hits Fresh All-Time High

GM.

VanEck Launches $ETHV: #Ethereum ETF Providing Spot Ether Exposure

VanEck Subsidiary @MarketVector Just Accepted Bitcoin from a New Client as Payment for Services. First time!🥳

I cannot wait to reveal this client. All in due time.

Buying Bitcoin right now, GM.

No bond issuance needed 🫡

"The most entertaining option is the most likely"?
@elonmusk

POV: You’re rooting for your biggest tenant to get arrested so you can evict him & raise the rent ☠️

💪

#Bitcoin-exposed convertible bonds comprise 6% of the total convertible universe and have produced 20% of the YTD Returns: Barclays

Flashback to Spring 2021 when "Long Bitcoin" was the "Most Crowded Trade" according to Respondents of BofA's Global Fund Manager Survey.

Currently, Long Mag 7 is considered the 'most crowded trade' (57%) followed by #2 long US dollar (15%), and #3 long Russell 2000 (6%).

VanEck CEO @JanvanEck3’s 2025 Outlook:

Fiscal Reckoning: If DOGE doesn't succeed, inflation risks loom.

Gold & Bitcoin: Inflation, fiscal uncertainty, & de-dollarization drive bull markets.

AI & Energy: Focus beyond tech—energy, infra, utilities.

India: Rapid growth = continued opportunity.

🧵

.@tokenterminal Reports Tron (TRX) Fees Surpass ETH to Take Number 1 Spot
However, are they counting correctly?
Tron gives users free TRX as a rebate called bandwidth— We believe Token Terminal adds the “free rebate” as revenue we don’t since it’s not necessarily what end Tron users are “spending"

This appears to be the calculation methodology that Token Terminal uses for Tron Fees or Revenue (same as TronScan).
Looks like they do factor in the free bandwidth given to users in the revenue calculation.
tronscan.org/#/data/charts/…

Bitcoin Miner Digihost (DGHI, mkt cap $60M) & NANO Nuclear (NNE, mkt cap $800M) Team Up for 60MW Small Modular Nuclear Power Plant in New York

American-Made Bitcoin: Another All-Time High

U.S.-listed miners added ~23 EH/s since the end of October (11% increase) vs a 6% increase in the broader network hashrate: JPM.

We highlighted this trend in last week's 2025 predictions; expect it will continue.

vaneck.com/us/en/blogs/di…

Morgan Stanley Projects Repurposed #Bitcoin Mining Sites to Address Approximately 20% of the US Electricity Shortfall for Data Centers by 2028.

Or maybe they're reading our research
vaneck.com/us/en/blogs/di…

VanEck Ventures Announces New Investment in Superform Labs.

Will Close Inaugural Fund 1 in February

@Wyatt_Lonergan @0xlaguna

🧵for investment thesis

Exxon Plans to Sell Electricity to Data Centers 👀

"In another unusual setup, Exxon’s plant would not be connected to the electric grid"

Core CPI Bottomed at 3.2%.
Core PCE, the Fed's "Preferred" Measure, Also Didn't Reach 2%, and that Series Understates Housing Costs, Americans' Top Concern.

They Are Cutting Rates Anyway & Laughing at You, Pleb.

#Bitcoin May Protect Against the Government Devaluing Your $.

Don't be alarmed!

Altcoin Season Index Mooning Implies Positive Returns for Bitcoin in Subsequent 1, 3, 6 Months.

🧵

JPM Incorporates a "HODL Premium" into its Valuation Framework for #Bitcoin Miners

Upgrades $CIFR, $CLSK, $MARA.

TikTokFi

Jetking Infotrain, a 77-year-old Indian company with a $5M mkt cap & $2M in annual sales, has become the first pubco in India to adopt the Bitcoin Treasury Strategy.

The microcap says that BTC will be the Primary Treasury Reserve Asset.

Shareholder Proposal To Add #bitcoin to $AMZN Balance Sheet