SKr

[SKr @Kess20S]

@TheBTCTherapist Retail savers earn 4-5% at JPM → JPM earns ~10.75% on STRC → Strategy pays 10.75% but targets 15-30% BTC Yield → MSTR shareholders chase 50-100%+ leveraged returns.

[SKr @Kess20S]

📘 Bitcoin Corporate Standard Index (BCSI)

A rules-based index of established companies materially connected to Bitcoin

1. INDEX OBJECTIVE

The Bitcoin Corporate Standard Index (BCSI) tracks major, well-established public companies that meaningfully integrate Bitcoin into their business through:

1. Treasury exposure

2. Revenue derived from Bitcoin operations

3. Core Bitcoin financial/institutional infrastructure

This index aims to standardize and measure the growth of the corporate Bitcoin ecosystem, similar in structure to:

GDX (Gold Miners Index)

SOXX (Semiconductor Index)

XLE (Energy Sector Index)

2. INCLUSION CRITERIA

A company must:

Be listed on a major regulated exchange (NYSE, NASDAQ, TSX, LSE, etc.)

Meet at least ONE of the following criteria:

A. Bitcoin Treasury Exposure (BTC-TREASURY RULE)

Company must hold:

≥ 0.1% of market cap in Bitcoin, OR

≥ $50 million USD of Bitcoin

Whichever is lower.

This avoids tiny companies gaming the system and captures serious treasury allocators.

B. Bitcoin Revenue Exposure (BTC-REVENUE RULE)

Company must generate ≥ 10% of total revenue from Bitcoin-related activities:

Bitcoin mining

Bitcoin custody

Bitcoin transaction fees

Institutional Bitcoin services

Lightning payments

Brokerage of Bitcoin products

C. Bitcoin Infrastructure Contribution (BTC-INFRA RULE)

A company qualifies if it plays a systemically important role in Bitcoin's financial ecosystem, including:

ETF issuers

Custodial infrastructure

Settlement rails

Institutional liquidity providers

Hardware manufacturers (ASICs)

3. EXCLUSION CRITERIA (REMOVAL RULES)

A company is removed if:

1. Treasury Threshold Drops

BTC holdings fall below 50% of previous reported levels, or below 0.1% of market cap.

2. Revenue Exposure Drops Below 5%

3. Infrastructure Activity Ceases

Example: An ETF provider shuts down BTC products.

4. Liquidity / listing criteria fail

4. INDEX WEIGHTING METHOD

Modified market-cap weighting

No single company may exceed 30%

Rebalanced quarterly

Reviewed semi-annually for eligibility

This prevents MicroStrategy from overwhelming the index, while still giving it proper dominance.

5. COMPANIES THAT QUALIFY (2025) — WITH BLACKROCK INCLUDED

🟧 CATEGORY A — BITCOIN TREASURY COMPANIES

1. MicroStrategy (MSTR) — Weight: ~30%

Largest corporate Bitcoin holder ever

Primary benchmark for Bitcoin treasury strategy

2. Hut 8 Mining (HUT)

Mix of treasury + mining revenue

3. Marathon Digital (MARA)

Large BTC treasury + major miner

4. Riot Platforms (RIOT)

Heavy BTC production + treasury reserves

5. Galaxy Digital (GLXY)

Trading + asset management + treasury BTC

🟦 CATEGORY B — BITCOIN REVENUE EXPOSURE

6. Coinbase (COIN)

Massive Bitcoin trading revenue

Custodian for U.S. spot Bitcoin ETFs

7. Block (SQ)

Bitcoin sales and payment rails

Lightning integration

Jack Dorsey commitment to Bitcoin

8. Robinhood (HOOD)

Substantial Bitcoin trading activity

🟩 CATEGORY C — BITCOIN INFRASTRUCTURE COMPANIES

9. BlackRock (BLK)

Qualifies under: BTC-INFRA RULE

Operator of IBIT, the world’s largest Bitcoin ETF

Key liquidity gateway for global institutions

Does not need BTC on balance sheet to be systemically important

Weight: ~3–4%

10. CleanSpark (CLSK)

U.S. mining infrastructure expansion

11. Bitfarms (BITF)

Global mining + treasury BTC

12. Iris Energy (IREN)

Large-scale Bitcoin mining infrastructure

13. Canaan (CAN)

Manufacturer of ASIC miners

Crucial to hardware supply chain

---

⭐ FINAL PROPOSED INDEX WEIGHTS

Weight (approx.)CompanyCategory

30%MicroStrategyTreasury
12%CoinbaseRevenue + Infra
10%Marathon DigitalMining
9%Riot PlatformsMining
8%Hut 8Treasury + Mining
7%BlockRevenue
6%Galaxy DigitalTreasury
6%CleanSparkMining
4%RobinhoodRevenue
3%BitfarmsMining
3%Iris EnergyMining
3–4%BlackRockBitcoin Infrastructure
2%CanaanHardware

[True North @TNorth]

True North - Episode 34 - STRC'ing the limits https://t.co/s8qC8B6jg0

[SKr @Kess20S]

@ColinTCrypto Yeah was only talking about M2 charts.. didnt think the 5days vs 7days would affect the m2 chart

[SKr @Kess20S]

@alexdeal4061 Executive Order 6102.. This makes it even more poetic

[SKr @Kess20S]

@AAStack @Strategy 500,000

[SKr @Kess20S]

@michelleweekley

[What's The Problem? @satsvsfiat]

Introducing: “What’s The Problem?”

Let’s help *everyone* get to the starting line.

Accessible to all, the story of Fiatello and the Big Red Button is something we can all send *before* the first Bitcoin book / podcast / video.

Please share it with everyone you care about (link below).

Thank you Bitcoin 🧡
@satmojoe

[Jeff Walton @PunterJeff]

MicroStrategy bulls straddle the line between Bitcoin and TradFi

Long time Bitcoiners are bewildered by finance and equity architecture (think $MSTR is a Ponzi)

TradFi are bewildered by Bitcoin, but understand equity architecture (think $MSTR is a ponzi)

Two separate groups, with separate reasons for misunderstanding the $MSTR long term thesis

Bewilderment intensifying

🟩👆🏼Higher

[SKr @Kess20S]

@tvanouvelles En pourcentage versus revenue je me demande qui ce donne un meilleur salaire.. PKP ou Ron ;)

[SKr @Kess20S]

The main difference is that in the fiat system, the top 1% of wealth holders often dilute the purchasing power of the 99% through mechanisms like inflation, money printing, and centralized financial policies. This results in wealth erosion for the average person.

In contrast, with Bitcoin, the fixed supply cap of 21 million coins prevents inflationary dilution. Even if 1% of holders control a significant portion, the remaining 99% still benefit because Bitcoin’s scarcity and deflationary nature preserve and often increase the value of their savings over time. The decentralized nature of Bitcoin ensures that wealth is not eroded but protected, and as adoption grows, its network effect can amplify these benefits.

[YourFavoriteGuy☭ @guychristensen_]

I’m finally speaking out.

I was targeted by a Zionist who impersonated me to the FBI in an attempt to put me on a No Fly List.

This is the story of what happened. This is what Zionists do to people who try to help Palestinians:

[The ₿itcoin Therapist @TheBTCTherapist]

Repost if this guy taught you more about money than anyone else in your life. #Bitcoin

[SKr @Kess20S]

@ryQuant @saylor @ICOffenderII From my budy ChatGPT..

[SKr @Kess20S]

@GetBittr @aantonop "It might make sense just to get some in case it catches on."

[The ₿itcoin Therapist @TheBTCTherapist]

I spoke to @elonmusk last night. He said 10k likes and he’ll bring back the #Bitcoin hashtag emoji.

You know what to do. 🔁

[5MS ⚡ @the5MSguy]

The issue is not that there are not enough houses. The issue is that the existing houses are being used as investments instead of being used as a living space because of the inflation/deprivation of the dollar.

This issue can be solved by having a hard money standard.
Study #Bitcoin.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US Senator Cynthia Lummis says "do you know what form of currency hasn't been affected by widespread cyber outages?"

#Bitcoin