The Bitcoin Letter

Hong Kong Mystery Whale: $436M Bitcoin ETF Play 🐳🇭🇰 A shadowy Hong Kong firm Laurore Ltd. just surfaced as the biggest new holder in BlackRock's IBIT: - 8.79M shares ≈ $436M (as of Dec 31, 2025) - Only asset — 100% IBIT, no diversification - No website, no history, filer: Zhang Hui (super common name) - "Ltd" + Hong Kong setup → likely offshore shell (Cayman/BVI vibes)

Saylor just nailed it again: "If it's not going to zero, it's going to a million." 💥 $BTC Echoing his bold 2020 call when he kicked off the corporate Bitcoin rush. Quick facts: - Posted today (Feb 20, 2026) as BTC hovers ~$67,500 📊 - Comes after Strategy scooped up 2,486 more BTC on Feb 17 at $67,710 avg 🚀 - Their stash? 717,131 BTC, bought for $54.5B total (avg $76k/coin) 💎 HODL strong amid dips—no liquidation panic here. Volatility? Just noise on the path to digital gold.

🚀 TRON is quietly becoming the KING of real-world crypto payments 🔥 - Stablecoin supply just hit ~$83B (mostly USDT + USDC) → #2 globally behind only Ethereum 📊 (Arkham, Messari, CoinDesk data) - Q4 2025 alone: $2.2 TRILLION in settlements moved → insane scale for cross-border & everyday transfers 💥 - Daily USDT volume averaging $20–24B → beating most chains in actual usage, not hype 🌎 This isn't meme coin noise. It's cheap, fast dollars moving where banks can't or won't. Asia, LatAm, remittances – TRON is eating that lunch.

Brazil's Congress just reintroduced a bill to launch a Strategic Bitcoin Reserve 🇧🇷🟠 Key details: - Plan to gradually buy up to 1 MILLION BTC over 5 years - That's roughly 5% of Bitcoin's total supply – serious scarcity play! - Builds on earlier ideas, riding the wave with El Salvador + global sovereign interest - If it passes, Brazil jumps into the top BTC holders worldwide #Bitcoin

Coinbase boss Brian Armstrong drops optimism bomb on US regs under Trump! 😎 - He's pushing a "win-win" setup: Blend digital assets into banking to slash hassle and ignite innovation. No more friction wars! ⚡💰 - Pics say it all: Armstrong on stage + Trump portrait = power collab vibes. Post's at 35K views, replies exploding from spam to deep policy chats. 🔥 - Fits 2025-26 pushes like FIT21: CFTC handles commodities (hey Bitcoin!), SEC on securities. Unlocks stablecoins & easy BTC custody for tradfi. 📈🔑 #Bitcoin

Denmark's banking giant Danske Bank just dumped its 8-year crypto ban and is rolling out Bitcoin & Ethereum ETPs! 🇩🇰🚀 With 5M+ customers, this is massive for mainstream adoption. Quick hits: - Banned in 2018 after money laundering mess 😬 - Now? Customer hype + EU's MiCA rules make it safe & simple - No wallet drama – just easy exposure via their app 📱 #Bitcoin #Ethereum

Binance just teamed up with Franklin Templeton to let big players use tokenized US gov money market funds as collateral for crypto trades! This is HUGE for blending TradFi with crypto. 🔥 - What’s Benji? Franklin’s blockchain twist on money markets since 2021 – stable yields around 4-5% on tokenized shares. No more idle cash! 💰 - The Deal: Institutions collateralize trades off-exchange via Binance’s Ceffu custody. Safer, smarter liquidity. 📈 - Why It Matters: Boosts RWA tokenization – BCG predicts a $16T market by 2030. But watch for custody centralization risks. ⚠️

Goldman Sachs is doubling down on crypto! Their latest filing shows a whopping $2.36B in holdings – up 15% from last quarter. 💥 Here's the juicy breakdown: - 🟠 Bitcoin: $1.1B (king still reigns) - 🔵 Ethereum: $1B (smart contracts FTW) - 🌊 XRP: $153M (cross-border vibes) - ☀️ Solana: $108M (speed demon rising) That's just 0.33% of their massive $811B portfolio, but since kicking off their crypto desk in 2021, adding alts like XRP & SOL screams confidence in regs and growth ahead in 2026. 📈 Wall Street's warming up – is this the institutional floodgates opening?

🚨 Big Money's Blockchain Bet: BlackRock, Fidelity, and J.P. Morgan are tokenizing money market funds on Ethereum! This could explode real-world assets (RWAs) to trillions. Here's why it's huge: - 💰 Trillion-Dollar Shift: Over $10T in traditional assets flooding into crypto—think 24/7 trading and instant settlements for a $6T market. - 📈 Key Players in Action: JPMorgan just seeded their MONY fund with $100M in Dec 2025. BlackRock's BUIDL and Fidelity's tokens are already paving the way. - ⚡ Game-Changer Perks: Super liquidity, no more waiting for banks—Ethereum makes it seamless (despite fees and scaling hurdles). - ⚖️ The Catch: U.S. regs are evolving, but SEC oversight keeps it legit.

Coinbase CEO Brian Armstrong nails it: Crypto & tokenization are the ultimate game-changers for global wealth! 🚀 - Levels the playing field: Gives billions equal shots at building riches, without forcing equal results. Opportunity > Outcomes. 💪 - 2025 explosion: Real-world assets like real estate & commodities tokenized at warp speed—up massively, hitting $20B+ on-chain. 📈 - 2026 mainstream: Per WEF, we're shifting to full-blown markets with smart compliance & blockchain magic. Bonds, funds, even carbon credits going digital! 🌍

🚨 Vietnam is quietly making crypto feel more like stocks 🇻🇳 • 0.1% tax on trades (only through licensed platforms) • No VAT • 20% corporate tax on profits Super low per-trade cost. No punishing capital gains rate. They’re already #4 in global crypto adoption — roughly 1 in 5 adults holds crypto. New 5-year pilot launched → runs until 2030. Big players can enter, but very high barriers ($400M+ capital + foreign ownership limits). Feels like Asia taking another big step toward mainstream crypto. #Bitcoin

Bithumb just accidentally sent 620,000 BTC (~$40 BILLION) to 695 users 💀 What happened in 4 bullets: • BTC crashed 17% on Bithumb in seconds (down to ~$59k) • Global price barely blinked — still ~$65k • They clawed back 99.7% of the coins crazy fast • Exchange ate the remaining ~125 BTC loss themselves No hack. Just pure human error. 😭 #Bitcoin

White House stablecoin talks restart Tuesday First time EVER → major banks showing up IN PERSON 🏦🔥 Why it matters: • Banks went from hating crypto → now want a seat at the table • $230B+ stablecoin market is too big to ignore anymore • Real US rules could finally end the regulatory fog

🚨 Binance just dropped a major SAFU update – converting another $100M in stablecoins to #Bitcoin! 🛡️💥 Here's the scoop: - Second batch done, totaling $200M so far (after the first one). - Aiming to flip the full $1B fund into BTC within 30 days from Jan 30th announcement. 🔥

Nasdaq's tiny player TIRX just dropped a bombshell: Snagging up to 15,000 BTC in a $1.5B equity swap deal. 😲 - Trading stock for massive Bitcoin haul from mystery investor 🕵️‍♂️ - Teaming up on AI-powered crypto tools & blockchain breakthroughs 🤖💰 - Stock rocketed 188% to $0.22 on insane volume – pure market frenzy! 📈 #Bitcoin

🚀 SpaceX is acquiring xAI to supercharge AI in space! Here's why this could change everything: - Hourly Starship Blasts: Imagine launching 200-ton payloads EVERY HOUR to orbit. No more Earth-bound limits! 🌌 - Orbital AI Powerhouses: Building massive data centers in space, powered by unlimited solar energy—dodging Earth's grid bottlenecks. ☀️💡 - Insane Scale-Up: 100 gigawatts of new AI compute added yearly via millions of tons of satellites. That's way beyond what our planet can handle! 📈 - Future-Proof AI: Unlocks breakthroughs in training massive models, paving the way for multi-planetary life. Mars, here we come? 🪐 As a Bitcoin & investment geek, this screams opportunity—AI + space tech could explode value in innovative assets. 🔥

🚨 BIG NEWS: Strategy just bumped up their $STRC preferred stock dividend by 0.25% to a juicy 11.25% annual yield! 💰 Starting this month (Feb 2026), paid monthly. Confirmed by Michael Saylor himself. Why it rocks: - Raises cheap cash for more Bitcoin buys 🟠 - Gives investors bond-like income with Bitcoin upside 🔥 - Rate resets monthly to keep that $100 floor steady 📈 Strategy's stash? Over 712,000 BTC worth ~$56B as of late Jan. Institutions are eyeing this amid fiat worries. #Bitcoin

SoFi's Back in the Bitcoin Game! 🚀 - SoFi, the $36B fintech giant, just relaunched crypto services after a regulatory timeout in late 2025. CEO on CNBC: Bitcoin's powering faster, cheaper global remittances via "SoFi Pay Bitcoin" – with more expansions coming! 💸 - This isn't just holding BTC anymore – it's real-world use for payments, eyeing that massive $800B remittance market where fees avg 6.4% (per World Bank). Game-changer? 😎 - Ties into US regs easing up since OCC's April 2025 guidance. Signals big institutions diving in, positioning Bitcoin as true borderless cash – even with stablecoins heating up the race. 🌍 #Bitcoin

🚀 SpaceX IPO Incoming: The Biggest Investment Bombshell of 2026? 🚀 As a Bitcoin vet who's seen wild valuations, this one's got me buzzing. Elon Musk's rocket empire is eyeing a mid-June launch – timed to a rare Jupiter-Venus alignment AND his birthday. Talk about cosmic timing! 🌌🎉 Key deets: - 📈 Valuation: A "conservative" $1.5 TRILLION (that's 100x their $15-16B 2025 revenue – Nvidia's at 35x, Tesla's 8x. Bold bet!) - 💰 Raise: $50 BILLION – shattering Saudi Aramco's record as history's largest IPO. - 🏦 Banks on board: Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America leading the charge. - 📅 Date: Mid-June 2026, blending space vibes with market magic.