💪 Strong Hands Scoop the Dip

Happy Friday, In A Nutshell this week:

• 💪 Strong Hands Scoop the Dip

• 🚫 Bitcoin’s New Public Enemy

• 🤠 State Stacking Begins

• 🇬🇧 The UK’s Vision Void

• ⚡ Fast, Direct, Impactful Aid

• 🥵 MSCI Turns Up the Heat on MSTR

• …and much more

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 🚀⏰ Today’s news should be a ~4.41-minute read (701 words).

🧠 Quote Of The Week

“A man who is a master of patience is master of everything else.”

— George Savile

💪 Strong Hands Scoop the Dip

During this 35% drawdown from all-time highs, on-chain data suggests newcomers are selling while long-term holders continue to accumulate.

Wallets with at least 0.1 BTC fell significantly, while 1,000+ BTC wallets rose. More coins are moving to experienced buyers, reducing the supply available on the market and ultimately rewarding patience and discipline.

🚫 Bitcoin’s New Public Enemy

JPMorgan has antagonised the Bitcoin community after a series of underhand moves.

The world’s largest bank:

• Raised margin requirements on loans backed by Strategy (MSTR) shares from 50% to 95%, forcing clients to deleverage and sparking a sell-off.

• Allegedly moved slowly on client requests to transfer MSTR to other brokers.

• Reportedly closed Strike CEO Jack Mallers’ personal account.

These actions highlight the power big banks still wield over markets. In response, many Bitcoiners are rallying behind a boycott of JPMorgan.

🤠 State Stacking Begins

Texas has purchased $5 million of BlackRock’s spot Bitcoin ETF, becoming the first US state to add Bitcoin to its strategic reserve.

Officials said the buy was executed on 20 November, with another $5 million earmarked for direct, self-custodied Bitcoin once systems are ready.

As the first reported state-level Bitcoin investment, this move could nudge others to follow, with more treasuries starting to view Bitcoin as a reserve asset rather than a speculative trade.

🇬🇧 The UK’s Vision Void

The UK’s long-awaited Autumn Budget is now behind us and, while it didn’t add new crypto taxes, it was a missed chance to give business owners clarity.

Despite progress on regulated access to products like Bitcoin ETNs, the government’s lack of clear direction discourages entrepreneurs from building, scaling and staying in the UK.

⚡ Fast, Direct, Impactful Aid

Save the Children’s Antonia Roupell explains how Bitcoin lets the charity move money faster, getting help directly to families when it’s needed most.

The group first accepted Bitcoin in 2013 and now runs crypto donation drives like HODLhope, and accepts anonymous donations, helping it reach people in over 100 countries more efficiently.

The approach aims to cut fees and delays, reduce reliance on intermediaries, improve transparency, and give recipients more control over spending.

Save the Children are pioneering a new model for humanitarian aid.

🥵 MSCI Turns Up the Heat on MSTR

Strategy (MSTR) fell about 8% after reports that MSCI may remove crypto-treasury firms from major indices.

MSCI’s review is expected to conclude in January; if it decides to cut these firms from its indices, passive funds could be forced sellers, increasing volatility and weighing on shares.

The episode highlights the outsized power index providers hold over markets, but Michael Saylor appears unfazed, saying, “Index classification doesn’t define us.”

📈 UK Recruitment Company is Going Public

Scott Ellam, founder of XCE & Spencer Riley, is preparing to take his international executive recruitment firm public with Bitcoin on the balance sheet.

He began stacking BTC as the company’s primary reserve in 2021 and says more UK firms should run Bitcoin strategies openly, arguing it gives businesses a stronger, longer-term reserve.

Their WRAP offer to get in pre-IPO has now opened across AJ Bell, Hargreaves Lansdown and Interactive Investor.

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

🔥 What else have you missed?

1. Jack Mallers framed debanking letter from JPMorgan

2. Central Banks and the dangerous game of opposing

3. Nasdaq increase IBIT options limit to 1 million contracts

4. Andreas Antonopoulos weighs in on the Bitcoin spam debate

5. Former Coinbase advisor emerges as favourite to become next Fed Chair

6. USA could fund a Strategic Bitcoin Reserve by accepting BTC for taxes

7. JPMorgan filed to launch a leveraged Bitcoin product

8. Scott Bessent spotted at Pubkey in Washinton D.C.

9. Metaplanet borrows another $130 million to buy more BTC

🍾 Friday Fun!

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