Greetings Bitcoiner,

Welcome to Issue #349 of the Bitcoin Breakdown daily newsletter, where we’re rounding up the most talked-about developments in the Bitcoin-only space from the past weekend with our Quick Bits and Quick Media sections.

But first, today’s Top Stories:

• 🤐 Strategy Snubbed by S&P 500's Secret Committee

• 🇿🇦 Africa’s First Listed Bitcoin Treasury Strategy Company

• 🤥 Tether CEO Squashes Bitcoin Sell-Off FUD

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Sep 8, 2025

TODAY’S TOP STORIES

🤐 Strategy Snubbed by S&P 500's Secret Committee

Michael Saylor slammed the S&P 500's decision to reject Strategy’s inclusion on Friday while adding Robinhood, AppLovin, and Emcor Group instead. The anonymous committee rejected the largest corporate Bitcoin holder despite strong financials and over 636,000 BTC on its balance sheet. The snub keeps Bitcoin exposure out of millions of retirement portfolios and reveals the S&P 500's opaque, discretionary nature beyond its transparent reputation. Bitcoin News

🇿🇦 Africa’s First Listed Bitcoin Treasury Strategy Company

South Africa's Altvest Capital plans to raise $210M to buy Bitcoin and rebrand as Africa Bitcoin Corp, becoming the first African listed company to adopt Bitcoin as its primary treasury reserve. The $3M market cap firm aims to emulate Strategy's success while providing regulated Bitcoin exposure to pension funds and institutional investors who cannot directly purchase the digital asset. Bloomberg

🤥 Tether CEO Squashes Bitcoin Sell-Off FUD

Tether CEO Paolo Ardoino firmly denied rumors that the stablecoin giant sold Bitcoin holdings, clarifying that 19,800 BTC was transferred to subsidiary Twenty One Capital, not sold. The move actually increased Tether's net Bitcoin position. Ardoino reaffirmed the company's strategy of investing profits into Bitcoin, gold, and land. Tether currently holds over 100,521 BTC worth approximately $11.17B, maintaining its commitment to hard assets. Cointelegraph

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QUICK BITS

• Leonidas, Ordinals dev, threatens a Bitcoin Core fork over censorship fears following Adam Back’s recent comments dismissing spam as clogging the network.

• BTC illiquid supply reaches record 14.3M BTC as long-term holders maintain accumulation despite price declines from August peak.

• NYDIG warns that Bitcoin treasury firms face market turbulence as premiums between share prices and Bitcoin asset values compress, recommending buyback programs.

• Mining difficulty reaches an all-time high of 134.7T, creating challenging conditions for miners while solo operators continue to claim occasional block rewards.

• OCEAN mining pool celebrates small miner Muninn's successful discovery of Bitcoin block 913272 using QAxe++, Start9, and DATUM through their pool.

• Solo miner successfully mines block 913,632, earning 3.13 BTC worth $347,872, marking the second independent mining victory this month so far despite record-high network difficulty.

• Arkham Intelligence discovers 50,000 BTC worth $5B of dormant bitcoin linked to German government's seized holdings from the Movie2K piracy case.

• Itaú Asset Management, Brazil's largest private asset manager, launches a dedicated Bitcoin and crypto division led by former Hashdex executive João Marco Braga da Cunha.

• Eric Voskuil, a Bitcoin developer, reveals that Bitcoin node storage costs have remained linear to decreasing over the past six years.

• El Salvador acquires another 21 BTC, bringing nation's bitcoin reserves to 6,313.18 BTC worth $701M.

• Michael Saylor sees net worth surge by $1B to $7.37B in total, earning the 491st spot on the Bloomberg Billionaire 500 Index as company's aggressive Bitcoin accumulation strategy drives stock gains.

• Researcher analyzes the Bitcoin Decay Channel model, predicting BTC could reach $200K-$290K peak between late 2025 and 2026.

• SharpLink Co-CEO Joseph Chalom theorizes that Bitcoin creator Satoshi Nakamoto will emerge from hiding when quantum computing threatens the network, potentially revealing himself through dormant accounts holding 1.1M BTC worth over $120B.

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QUICK MEDIA

• The Bitcoin Fix argues that AI-driven job losses could trigger a collapse of the debt-based financial system, leading to inflationary money printing, further positioning Bitcoin as the best hedge and long-term store of value (Sep 5 | 9:40 min watch). 

• Adam Livingston, author of 'The Great Harvest', analyzes the S&P 500’s decision to exclude Strategy while including companies seen as far less deserving, mocking the index as a 'corporate clown show' divorced from merit (Sep 6 | 13:36 min watch). 

• Isabella Santos of BTC Isla speculates that Bitcoin's traditional 4-year cycle pattern may be breaking down due to diminishing halving impacts, institutional adoption replacing retail dominance, and Federal Reserve liquidity policies becoming the primary price driver rather than predictable cyclical patterns (Sep 5 | 6:13 min watch). 

• Stafford Masie, Bitcoin maxi and chairman of Africa Bitcoin Corporation (formerly Altvest Capital), shares the launch video of ABC, the first listed Bitcoin treasury strategy company in Africa, with the goal of building the biggest Bitcoin treasury in Africa (Sep 8 | 1:53 min watch).

• Jimmy Song, Bitcoin OG and author of 'Programming Bitcoin', in a vlog post on Nostr, shares his thoughts on whether filters implemented by Bitcoin nodes to prevent spam actually work, arguing that the issue is an economic one (Sep 7 | 4:02 min watch). 

• Forrest Hodl of the Bitcoin Not Crypto channel compares Bitcoin Core and Knots implementations, focusing on their different approaches to mempool filtering mechanisms and how these filters affect transaction selection and node behavior with practical examples (Sep 4 | 17:48 min watch).

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