Inside Bitcoin’s IPO Moment: The Shift From OGs to Institutions

The U.S. government's BTC stash grows from a 127k BTC seizure by the DOJ as “budget-neutral” acquisition plans stall. While Washington drags its feet, institutions keep stacking and the market shrugs off old coins moving. Josh Friedeman, Trey Sellers, and Jon Gordon break down Bitcoin’s so-called IPO moment, Square’s Lightning rollout, and Steak ’n Shake’s balance-sheet flex - signals of Bitcoin’s quiet advance from a seemingly "niche" interest to infrastructure.

KEY TAKEAWAYS

• DOJ’s Bitcoin stash raises questions about USG's BTC approach: HODL or return?
• Old coins moving test market absorption - liquidity without collapse
• Square’s Lightning integration could orange-pill millions of merchants
• Steak ’n Shake’s reserve shows brand adoption turning real
• Fewer influencers, more builders - the network is maturing CONNECT WITH JON
• 𝕏: @thebitcoinyogi
• Instagram: @jongordon9
• LinkedIn: Jon Gordon
• Websites: Satoshi Health | Sound HSA

CONNECT WITH TREY

• 𝕏: @ts_hodl
• LinkedIn: Trey Sellers
• Website: treysellers.com
• Newsletter: firebtc.substack.com

CONNECT WITH JOSH

• 𝕏: @joshuafriedeman
• LinkedIn: Josh Friedeman

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