Greetings Bitcoiner,

Welcome to Issue #209 of the daily Bitcoin Breakdown, where we have some excellent Opinion & Analysis pieces and Tools & Projects for you today!

But first, today’s Top Stories:

• 🕹 GameStop Follows Strategy’s Lead w/ $1.3B Offering

• 🌪️ Treasury Throws Tornado Cash Tantrum

• 🧙 Bernstein: Strategy To Double its $BTC.X ( ▼ 0.42% ) 

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Mar 27, 2025

TODAY’S TOP STORIES

🕹 GameStop Follows Strategy’s Lead w/ $1.3B Offering

GameStop, the once nearly defunct video game retailer, announced a plan to add BTC to its treasury, following the groundbreaking playbook of Strategy (formerly, MicroStrategy). They are launching a ridiculous $1.3B convertible note offering, maturing in 2030, to fund their BTC acquisition plan. Shares jumped nearly 13%, but Wall Street analysts predict doom because traditional finance lags like hell. GameStop had previously dabbled in the ecosystem with an NFT marketplace before. Seems like they've learned their lesson. The Block

🌪️ Treasury Throws Tornado Cash Tantrum

The US Treasury, despite removing Tornado Cash from its sanctions list, is now trying to block a court order preventing future sanctions against similar privacy software. This aggressive action, described as a ‘witch hunt,’ continues the battle against privacy tech in the US. While the removal from the sanctions list is a small victory for Bitcoin proponents, the fight for financial freedom is far from over. The Rage

🧙 Bernstein: Strategy To Double its BTC

Bernstein analysts project that Strategy could more than double its Bitcoin holdings to over 1M bitcoin, which would represent nearly 5% of Bitcoin's total capped supply. Their bullish forecast also expects Bitcoin to reach $200,000 by 2025, $500,000 by 2029, and $1M by 2033. This week, the company's aggressive Bitcoin buying spree continued, as they announced crossing the 500,000 BTC milestone. Ecoinimist

POLL

OPINION & ANALYSIS

• Nick Ward of Bitcoin For Corporations highlights GameStop's bold treasury shift to BTC as a key signal that CFOs with excess cash should consider Bitcoin's long-term strategic potential amid evolving accounting standards to preserve capital and unlock value (Mar 26 | 4 min read).

• Martina Granatiero, head of legal at Relai, highlights how digital privacy is being threatened by data breaches, surveillance, and weak encryption, urging stronger protective measures and awareness (Mar 26 | 10 min read).

• Juan Galt writes how PlebLab.dev, a Bitcoin startup incubator in Austin, has evolved from a coworking space into a thriving ecosystem fostering successful projects like Jippi, Stacker.news, and Mutiny Wallet (Mar 26 | 8 min read).

• Andrew Kamsky, Bitcoiner and chart analyst, outlines how Bitcoin whales use shorting tactics like spoofing, margin pressure, and bear raids to exploit market structure and maximize profits, urging retail traders to use defensive strategies (Mar 25 | 8 min read).

• Joe Tidy, a BBC correspondent, explores how Gridless' Bitcoin mine in remote Zambia leverages hydro-electric power to profitably mine bitcoin while supporting a local community's access to affordable electricity (Mar 25 | 7 min read).

• Craig, founder of BiTHELM, reviews the Ark Protocol, a layer-two solution designed to scale Bitcoin transactions by enabling fast, low-cost, and private off-chain payments without requiring users to manage payment channels, unlike the Lightning Network (Mar 25 | 4 min read).

• BitMEX Research explores Bitcoin's duplicate transactions, a historical bug causing identical TXIDs, and how developers mitigated the issue with BIP30 and BIP34, though a potential duplicate remains possible in 2046 (Mar 24 | 8 min read).

• Alles Voor Bitcoin, a Belgian Bitcoin podcast, argues that today's pushy 'orange-pilling' culture has lost its grassroots spirit, becomes a futile, dopamine-driven quest for validation, and overlooks the reality that most people already know about BTC and no longer need saving (Mar 21 | 18 min read).

• Thibaud of Abitcreative and writing for Peach Bitcoin suggests Bitcoin is key to freeing internet commerce, enabling global, KYC-free transactions and marketplaces, moving beyond its perception as merely a savings technology (Feb 24 | 6 min read).

OTHER NEWSLETTERS TO CHECK OUT*

Looking for fresh insights? Check out this curated list by Refind of amazing newsletters! Explore a variety of topics, discover new perspectives, and subscribe to the ones that spark your interest. Happy reading!

*You can find more here.

TOOLS & PROJECTS

• Boost VC invites Bitcoin builders to apply to the BitcoinFi Accelerator by Mar 28 for a 6-week program, offering $150K in funding, mentorship, and venture capital networking.

• Programming Blockchain's interactive 2-day seminar in Austin, TX, March 31 – April 1, 2025, teaches Bitcoin development through live coding challenges covering elliptic curves, transactions, and more.

• Mostro Chat offers a minimalist peer-to-peer chat application in Rust that utilizes the Nostr protocol for decentralized, secure, and real-time text messaging with end-to-end encryption.

• Bitcoin Well enables Lightning Network on the Bitcoin Portal in the US, allowing customers to buy bitcoin and have it sent to their personal bitcoin wallets.

• Electrum, a leading Bitcoin software provider, announces Nostr integration to decentralize submarine swaps and Partially Signed Bitcoin Transaction (PSBT) cosigning.

• Sig4Sats Script is a simple script demonstrating how to atomically exchange Cashu payments for Nostr event signatures using Schnorr adaptor signatures.

• LND merges support for testnet4, enabling anyone to run and massively scale the Lightning Network in test mode without being an LSP.

• BitBanana's latest release, v0.9.3, enhances the channel rebalancing interface, adds Nostr Wallet Connect support, and fixes payment failures for certain Lightning addresses.

• LNVPS is a Virtual Private Server that supports login with Nostr (NIP-07), offers the ability to pay with sats, sends notifications over Nostr DMs, and allows to independently customize CPU, RAM, and SSD.

• Bitcoin: Africa’s Guide to Freedom Money is the first Bitcoin book written for Africans, offering accessible BTC education and practical guidance for financial freedom

• Notebin is a Nostr client for sharing and storing code snippets with Lightning tips.

• Bookstr is a Goodreads and StoryGraph alternative built on Nostr, helping readers discover books, connect with authors, and stay updated on literary trends.

• Stacker News removes its leaderboard, announces multi-authentication improvements, enhanced search features and automated posting to X and Nostr.

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