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GM to all of you nutcases. It’s Crypto Nutshell #599 stampedin’ past… 🦬🥜

We're the crypto newsletter that's more heartwarming than a clownfish crossing the ocean to find his son... 🐠🌊

What we’ve cooked up for you today…

• 🤑 They want BTC

• 💂 Do not be caught off guard

• 📉 Outflow streak building

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

THEY WANT BTC 🤑

BREAKING: Bitcoin held by publicly listed firms climbs 16% in Q1

While headlines are dominated by tariffs and inflation, one trend keeps flying under the radar:

Public companies won’t stop stacking Bitcoin.

According to Bitwise, Bitcoin holdings by publicly traded firms jumped 16.1% in Q1 2025 - climbing to 688,000 BTC.

That’s ~$57 billion worth of Bitcoin sitting on corporate balance sheets.

And it’s not slowing down.

A total of 79 public companies now hold Bitcoin - with 12 firms buying for the first time this quarter.

The largest first-time buyer?

Hong Kong construction firm Ming Shing, scooping up 833 BTC.

Even Rumble - the YouTube alt-platform - joined the party, buying 188 BTC.

But the wildest headline?

HK Asia Holdings bought just one Bitcoin… and its share price nearly doubled in a single day. 🤯

Meanwhile, Japan’s Metaplanet added another 319 BTC -pushing its total stack to 4,525 BTC, making it the tenth-largest public holder globally.

But of course, Strategy (formerly MicroStrategy) continues to dominate the leaderboard…

Michael Saylor’s firm just bought another 3,459 BTC for $285.8 million between April 7–13.

Strategy now holds 531,644 BTC - over 2.5% of Bitcoin’s 21M fixed supply. 😮‍💨

That’s the definition of conviction.

Despite market volatility, Strategy’s stock (MSTR) ripped 10% higher on Friday - and analysts predict the firm could double its holdings by 2033.

Bottom line?

While the media stays glued to short-term noise…

Public companies are quietly turning Bitcoin into their treasury standard.

This isn’t slowing down any time soon.

In fact it’s just getting started. 🚀

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DO NOT BE CAUGHT OFF GUARD 💂 

Bitcoin has been stuck in chop for essentially all of 2025.

But behind the scenes?

It’s coiling like a spring.

And Dennis Porter thinks it’s about to snap.

If you don’t know Dennis Porter, he’s the CEO of the Satoshi Act Fund, helping craft U.S. digital asset policy.

So far, they’ve:

• Introduced 50+ Bitcoin bills

• Passed 6 into law

• Spearheaded the movement behind Strategic Bitcoin Reserves

This week, he tweeted:

Now, the price targets may be a little ambitious.

But the sentiment?

We’re with him.

The second the Fed cuts or signals stimulus, Bitcoin is gone.

Full send.

The fundamentals of Bitcoin have genuinely never been better.

In just 2025 alone?

• 17 pro-Bitcoin bills have been introduced

• 41 active Strategic Reserves across U.S. states

These aren’t short-term speculators.

They’re governments.

They’re not selling this cycle. They’re not trading. They’re planning for decades.

Bitcoin’s future?

Never been brighter.

Do not be caught off guard. 💂

OUTFLOW STREAK BUILDING 📉

You probably saw this coming…

Last week digital asset funds experienced outflows totalling $795 million.

Let's break it down.

Bitcoin led the bleed, with $751 million exiting over the week.

Ethereum followed with $37.6 million in outflows.

Whilst altcoin sentiment was mixed…

XRP once again bucked the trend, pulling in $3.4 million in inflows.

Meanwhile, Solana and Sui saw outflows of $5.1m and $0.6m respectively.

The U.S. dominated outflows with $763 million leaving crypto funds.

Switzerland, Hong Kong and Sweden followed with outflows of $11.9m, $11.2m and $6.8m respectively.

Meanwhile, Canada and Australia saw minor inflows of $2.1m and $0.4m respectively.

Since February, crypto funds have seen record outflows of $7.2 billion.

Which effectively erases nearly all year-to-date inflows, now standing at just $165 million.

However…

Recent positive price action has seen total assets under management lift from their lowest point on April 8 to $130 billion.

Until the trade war drama clears up, don’t expect serious ETF inflows to return.

For now, the sidelines remain crowded.

But when the sentiment flip comes?

We’re expecting it to be explosive.

CRACKING CRYPTO 🥜

ZachXBT identifies key figures tied to Mantra’s 90% OM token crash. Blockchain sleuth ZachXBT's findings contrast with insider trading theories as suspicions around Mantra's OM crash deepen.

Bitcoin takes back seat as Trump, Bukele focus on trade and immigration. Despite leading pro-Bitcoin administrations, Trump and Bukele left crypto off the table during an April 14 White House meeting.

Bitcoin Hovers at $85K as Fed’s Waller Suggests 'Bad News' Rate Cuts if Tariffs Resume. U.S. stocks, including Strategy (MSTR) and MARA Holdings, rose on possible progress on trade talks with the EU.

SEC delays crypto ETF staking and in-kind redemption decisions as agency mulls long-term crypto regulatory strategy. The United States financial regulator has given itself more time to assess potential rule changes to allow crypto staking ETFs and in-kind redemptions.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

• Raremints (link) - Daily crypto news

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• Techpresso (link) - Daily tech news and insights

• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: Hack resulting in the loss of 850,000 BTC 🥳

Mt. Gox’s hack wiped out 7% of all Bitcoin in circulation at the time — still one of crypto’s most legendary disasters.

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.