BTC Weekly: Week 9 (2025)
Key Events from 2/23/2025-3/1/2025
Donald Trump will host the first-ever White House Crypto Summit on March 7, 2025, gathering prominent founders, CEOs, and investors from the crypto industry, along with members of the President’s Working Group on Digital Assets, chaired by David Sacks and administered by Bo Hines, to discuss regulatory frameworks and digital asset innovation, with Trump set to deliver remarks. (Bloomberg)
Michael Saylor presented his ‘Digital Assets Framework’ to the House Financial Services Committee on Tuesday, outlining a detailed strategy to integrate digital assets like Bitcoin into the U.S. economy by advocating for a clear and comprehensive regulatory framework through the SEC Crypto Task Force. (Bezinga)
BlackRock has incorporated its iShares Bitcoin Trust ETF into its model portfolios for the first time, allocating 1% to 2% to IBIT as a diversifying asset. (Bloomberg)
German bank, Dekabank (~$395 AUM), has partnered with Boerse Stuttgart Digital to introduce regulated crypto trading and custody services tailored for institutional investors in Germany. (Coinspeaker)
PayPal (PYPL) is making cryptocurrencies more accessible by allowing U.S. customers to use Bitcoin for purchases at millions of merchants, converting crypto to fiat currency at checkout with no extra fees. (Paypal)
Strategy (MSTR) has acquired 20,356 BTC for ~$1.99B at an average price of ~$97,514 per bitcoin and completed a $2B offering of convertible notes at 0% coupon with a 35% premium and a strike price of ~$433.43.” (@saylor)
Metaplanet has purchased an additional 135 BTC, and issued 2 Billion JPY in 0% ordinary bonds to purchase additional Bitcoin. (@Metaplanet_JP)
Presidio Bitcoin, a new coworking and event space in San Francisco’s Presidio neighborhood, aims to foster community, innovation, and networking within the Bitcoin ecosystem, with support from Bitwise, which is sponsoring open-source developers’ memberships. (@BitwiseInvest)
Summary
This week, the White House announced that President Donald Trump will host the inaugural White House Crypto Summit on March 7, 2025, bringing together prominent founders, CEOs, and investors from the crypto industry, along with members of the President’s Working Group on Digital Assets, chaired by David Sacks and administered by Bo Hines, to discuss regulatory frameworks and digital asset innovation. Michael Saylor presented his ‘Digital Assets Framework’ to the House Financial Services Committee, advocating for a clear regulatory approach for digital assets. Meanwhile, BlackRock has incorporated its iShares Bitcoin Trust ETF into its model portfolios, allocating 1-2% to Bitcoin as a diversifying asset. Dekabank has partnered with Boerse Stuttgart Digital to offer regulated crypto services to institutional investors in Germany, while PayPal is enabling U.S. customers to use Bitcoin for purchases with no fees. MicroStrategy and Metaplanet have both announced new purchases of Bitcoin and are issuing bonds to buy more. Lastly, Presidio Bitcoin, a new coworking space in San Francisco, aims to foster innovation in the Bitcoin ecosystem with support from Bitwise.