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GM to all of you nutcases. It’s Crypto Nutshell #589 takin’ guard… 💂🥜

We're the crypto newsletter that's more mind-bending than waking up to a reality where nothing is what it seems... 🕶️💊

What we’ve cooked up for you today…

• 📉 Corporate adoption

• 🥊 Bitcoin vs the dollar

• 🧘‍♂️ Patience

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

CORPORATE ADOPTION💰️

BREAKING: GameStop raises $1.5 billion in convertible notes for Bitcoin buying spree

Last week we mentioned that video game retailer, GameStop, was raising capital in order to purchase Bitcoin.

Now it’s official.

The company just filed with the SEC confirming $1.48 billion in net proceeds, and yep - it’s headed straight into BTC:

In other words, GameStop is taking a page straight from Michael Saylor’s playbook. (That photo of Michael Saylor and GameStop CEO Ryan Cohen makes a lot more sense now)

And combined with the $4 billion in cash already on its balance sheet…

GameStop could announce an absolutely enormous Bitcoin buy to kickstart its holdings.

Also we just want to point out that a supporting document included with GameStop’s SEC filing is titled “Project Rocket”. 😂 (We’re serious)

But they’re not alone…

Earlier this week Strategy (Previously MicroStrategy) announced the purchase of 22,048 BTC for ~$1.92 billion.

This brings Strategy’s total holdings to a whopping 528,185 BTC. (Average price of $67,458 per BTC)

On top of this, Japanese firm Metaplanet recently added 856 Bitcoin to their balance sheet.

This brings Metaplanet’s total holdings to 4,206 BTC.

Metaplanet aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

Corporate Bitcoin adoption isn’t slowing down - it’s going global.

And like Saylor said, we’re only in year 2 of “the Bitcoin gold rush”.

Imagine the developments over the next couple of years…

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BITCOIN VS THE DOLLAR 🥊 

Larry Fink just dropped a bombshell. 💣

In his annual letter to shareholders, the BlackRock CEO warned that Bitcoin could threaten the U.S. dollar’s reserve currency status - especially if America doesn’t get its debt under control…

If you don’t don’t know Larry Fink, he’s the CEO and co-founder of BlackRock.

BlackRock is the largest asset manager in the world with $11.55+ trillion in assets under management.

As Larry is the CEO, he’s arguably the most influential man in finance. When he speaks, the finance world listens.

In his recent letter to BlackRock shareholders, Fink didn’t hold back:

On top of this, Fink believes the future is on-chain:

Bottom line?

Larry Fink believes Bitcoin could eat the dollar’s lunch — and he’s not trying to stop it.

He’s embracing digital assets while warning the U.S. to shape up… or risk falling behind.

When the top voice in finance is saying this… you pay attention.

Still early. Still inevitable. 🚀

PATIENCE 🧘‍♂️

Let’s check in on one of our favourite metrics: Bitcoin’s supply last active 1+ years ago.

It’s a simple but powerful signal - tracking how much BTC has remained untouched as a percentage of total circulating supply.

Here’s the logic:

• Metrics rising: long-term holders are accumulating coins 📈

• Metrics declining: long-term holders are selling coins 📉

And right now? 🤔

Long-term conviction is holding strong.

Here’s the latest breakdown (vs. two weeks ago):

• 🔴 Supply last active 1+ years ago: 63.49% (up from 62.60%)

• 🟠 Supply last active 2+ years ago: 52.89% (up from 52.83%)

• 🟢 Supply last active 3+ years ago: 45.36% (unchanged)

• 🔵 Supply last active 5+ years ago: 30.66% (down from 30.68%)

Despite weeks of volatility, 63.49% of all Bitcoin hasn’t moved in more than a year.

Let that sink in.

This isn’t panic. It’s patience.

Bitcoin is in strong hands and supply is quietly tightening beneath the surface.

Historically, this kind of conviction has paved the way for Bitcoin’s biggest rallies.

If supply stays locked up while demand returns, price won’t stay down for long. 🚀 

CRACKING CRYPTO 🥜

Metaplanet becomes 9th-largest corporate Bitcoin holder after new purchase. Metaplanet rises to ninth place among corporate Bitcoin holders with strategic acquisition and innovative Bitcoin yield strategy.

Grayscale files S-3 for Digital Large Cap ETF. The fund holds a diverse basket of cryptocurrencies, including altcoins such as ETH, SOL, ADA and XRP.

Stablecoin Giant Circle Files for IPO. If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol "CRCL."

'They came after us viciously': Eric Trump cites debanking and cancel culture in family’s embrace of crypto. Trump’s second-oldest son said he discovered crypto after he was deplatformed from several U.S. banks.

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

• Bitcoin Breakdown (link) - Daily Bitcoin news

• 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: Satoshi 🥳

The satoshi is the smallest denomination of Bitcoin. It is named after Satoshi Nakamoto, the Bitcoin creator(s). The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

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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.