🛠 Built to Last

Happy Friday, In A Nutshell this week:

• 🛠 Built to Last

• 🎓 Harvard Quietly Stacks Bitcoin

• 🏦 The Future of Banking With Bitcoin

• 🇺🇸 Bessent Spooks The Market

• 🩺 The Doctor Who Put Bitcoin On The Balance Sheet

• …and much more

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 🚀⏰ Today’s news should be a ~3.47-minute read (629 words).

🧠 Quote Of The Week

“The object of life is not to be on the side of the masses, but to escape finding oneself in the ranks of the insane.”

– Marcus Aurelius

🛠 Built to Last

Jack Dorsey’s Block has unveiled a new modular Bitcoin mining system called Proto Rig.

Instead of the typical short-lived machines miners are used to, these rigs are designed to last up to 10 years, with replaceable parts and easy repairs. Block says this could cut upgrade costs by 15–20% each cycle.

They’ve also released Proto Fleet, an open-source software that helps miners manage everything from performance to maintenance in one dashboard.

This push could make mining more efficient, less wasteful, and ultimately strengthen Bitcoin’s decentralised network.

🎓 Harvard Quietly Stacks Bitcoin

Harvard’s investment office has quietly added $116 million worth of the iShares Bitcoin Trust ETF to its holdings, per its latest SEC 13-F filing.

Interestingly, their Bitcoin ETF holdings now exceed their stake in Alphabet (Google), marking a quiet yet unmistakable shift from skepticism to exposure in one of the world’s most respected institutions.

It’s another indicator that even the most conservative institutional portfolios are bending toward Bitcoin, often far from public view.

🏦 The Future of Banking With Bitcoin

Eric Yakes has announced a 100-page report dropping tomorrow via Epoch VC, digging into the question of how banks will adopt Bitcoin. The 30,000-word research covers:

• Stablecoins vs. Bitcoin

• Central Banks vs. Bitcoin

• Treasury companies and banks

• Market overview and predictions

Titled “The Future of Banking With Bitcoin: New Opportunities for Institutional Adoption in 2025 & Beyond”, the report could become a key resource for anyone tracking how traditional finance might integrate Bitcoin in the coming years.

👉 Full Report

👉 TLDR

🇺🇸 Bessent Spooks The Market

Treasury Secretary Scott Bessent rattled markets by saying on Fox Business, “We’re not going to be buying [Bitcoin]” for the U.S. Strategic Bitcoin Reserve. The markets reacted swiftly, and Bitcoin slid nearly 4–5%.

Hours later, Bessent clarified via social media that while new purchases won't involve taxpayer dollars, the Treasury is still exploring “budget-neutral pathways” to expand the reserve, keeping the door open.

They're doubling down on holding what's already seized, not adding new Bitcoin via typical budget channels. This may calm some fears, but it also shows how quickly sentiment can shift on news alone.

🩺 The Doctor Who Put Bitcoin On The Balance Sheet

Dr. Fahim Hussain, GP and director at Northern Health, joins the podcast to discuss why his private healthcare company now holds Bitcoin as a reserve asset. They dive into how financial realities, broken incentives, and outdated systems are shaping UK healthcare, and why forward-thinking businesses are rethinking their strategy.

They dive into the impact of inflation, the connection between money and health outcomes, and the challenges of bringing innovation into a conservative sector.

The episode is available here: YouTube, Apple Podcast, Spotify

🔥 What else have you missed?

1. Bo Hines Steps Down as Trump’s Digital Asset Adviser.

2. Bitcoin rentals are growing in these top 5 cities around the world.

3. Jacob Rees-Mogg: Cryptocurrency Censorship?

4. 13 of the top 25 banks in the US are building bitcoin products for their customers.

5. El Salvador plans to launch the world's first Bitcoin bank.

🍾 Friday Fun!

This week’s crossword is now live - Play here

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