Crypto companies face the fatal trap of Bitcoin - Crypto roundup
In Q2 2025, companies purchased over 159,000 BTC in three months - an unprecedented influx that brings their total holdings to 847,000 BTC, or 4% of the global supply. An insatiable appetite… although behind this frenzy lies a formidable mechanism: the trust premium (mNAV), a lever for growth… or a death spiral. We discuss this in the Cryptic Analysis, after this week's essential news.