Happy Friday, In A Nutshell this week:
๐ BBN Professional Is Open
๐ณ Bitcoin Becomes Money at Scale
๐จ๐ฟ Central Bank Backing, Centre Stage
๐ Upgrading the Whole Business
๐ฌ The Permissionless Movie
โฆand much more
If you enjoy the newsletter, pass it on to a friend.
๐โฐย Todayโs news should be a ~5.15-minute read (792 words).
๐ง Quote Of The Week
โIndividually, we are one drop. Together, we are an ocean.โ
โ Ryunosuke Satoro
๐ BBN Professional Is Open
The businesses that will shape the UK's relationship with Bitcoin are being built right now, and the people inside them are a big part of why. Thatโs by BBN Professional is now open.
Anyone working inside a business who wants to be part of the mission to make Bitcoin money in the UK can now join. Full access to the BBN network, events, resources, discounts and community for ยฃ149 a year (+VAT), with the option to pay monthly.
Change will not come from the top down. It will come from businesses and the people inside them.
Click here to find out more.
๐ณ Bitcoin Becomes Money at Scale
Block announced that over 800,000 Square merchants now have Bitcoin payments enabled, with a new business activating the feature every eight seconds.
Product Lead Miles Suter took the stage at Bitcoin 2026 in Las Vegas with a clear message: Bitcoin must circulate, not just sit still. The product launches that followed backed it up.
At the conference they also unveiled tap-to-pay Bitcoin using NFC and the Lightning Network on Square, and a 5% Bitcoin Back rewards programme at Square merchants in the US.
๐จ๐ฟ Central Bank Backing, Centre Stage
Czech National Bank Governor Aleลก Michl has publicly backed the bank's decision to allocate 1% of its $180 billion foreign exchange reserves to Bitcoin.
The bank's research found Bitcoin has low long-term correlation with traditional reserve assets, meaning it does not move in the same way as stocks, bonds, or gold.
Just a 1% allocation, Michl said, lifts returns in Czech Koruna terms while leaving overall risk unchanged.
When a central bank governor stands on stage at a Bitcoin conference and defends Bitcoin as a legitimate reserve asset, the institutional conversation has shifted permanently.
๐ Upgrading the Whole Business
Steak 'n Shake could save an estimated $6 million annually, thanks to using Bitcoin as a cheaper way to process payments.
Accepting Bitcoin via the Lightning Network cuts processing costs by 50% compared to credit cards. The savings are being reinvested into the food, with the chain removing microwaves and transitioning to 100% grass-fed beef from June 2026.
Bitcoin received from customers is also flowing directly into a $10 million strategic reserve, which funds a Bitcoin bonus scheme for staff.
This is a business using Bitcoin to make every aspect of the company better.
๐ฌ The Permissionless Movie
Jack Dorsey and Eugene Jarecki are using Bitcoin to distribute a Julian Assange documentary no mainstream streamer would touch.
Despite premiering at Cannes, "The Six Billion Dollar Man" was passed over by every major streaming platform, until Jack Dorsey stepped in with a distribution idea: a global Bitcoin-powered pay-per-view watch party where ticket buyers receive a credit on the film itself.
When financial institutions cut WikiLeaks off from donation channels in 2011, Bitcoin was the only payment rail that could not be blocked.
He sees this film as the same principle in action: a story that gatekeepers will not carry, distributed through a network they cannot control.
๐ This Is What Bitcoin Adoption Actually Looks Like for Businesses
Will Reeves, CEO of Fold, joins Jordan to break down what Bitcoin adoption actually looks like for businesses right now.
One example stands out: a fast food chain integrated Bitcoin payments in a matter of weeks and saw same-store sales rise 10%. That is not a marketing stunt. That is what early adoption looks like when it starts to compound.
The episode is available here: YouTube, Apple Podcast, Spotify
๐ฅ What else have you missed?
1. Kevin Warsh approved by Senate Banking Committee to be next Fed Chair
2. Square terminal accepts Bitcoin payment via NFC tap to pay
3. Jack Mallers announces merger of Twenty-One, exchange Strike and miner Elektron Energy
4. Tim Draper you should be scared if you donโt own Bitcoin
5. Morgan Stanley executive says โWe Are Still So Early on This Journeyโ
6. Paul Tudor Jones says Bitcoin is 'unequivocally the best inflation hedge'
7. eCash fork sparks backlash over 'reassigned' coins
8. Aven launches Bitcoin-backed Visa card offering up to $1 Million in credit lines
9. Japan's Bitbank rolls out crypto-linked credit card that pays bills in bitcoin
๐งโโ๏ธ Your wish is our command
What did you think of today's email?
Until next weekโ๏ธ,
Alex & The BC Team
