🚨BHUTAN DISPUTES $1B BITCOIN SELL-OFF CLAIMS Bhutan says it “doesn’t recall” selling any Bitcoin, according to a CoinDesk reporter. This pushes back against widely tracked on-chain data suggesting a $1 billion $BTC drawdown.

🚨BHUTAN DENIES $1B BITCOIN SELL-OFF CLAIMS Bhutan says it “doesn’t recall” selling any Bitcoin, pushing back against widely tracked on-chain data suggesting a $1 billion BTC drawdown, per CoinDesk reporter. The statement challenges market assumptions around one of the world’s most closely watched sovereign Bitcoin holdings.

Moats in our neocloud theme: $APLD Ellendale, Macquarie financed $BTDR Bhutan power, SEALMINER ASIC $CIFR AWS anchor tenant validation $CLSK low cost power per MW $CORZ multi-billion hosting backlog $CRWV GPU operator, OpenAI $DGXX 400MW, Blackwell ready pods $HIVE BUZZ HPC GPU subsidiary $HUT vertically integrated power $IREN cleanest HPC revenue ramp $KEEL $533M liquidity, three campuses $MARA largest scale, biggest footprint $NBIS lowest cost per MW operator $RIOT Texas grid scale power assets $SLNH behind the meter, 4.3 GW $WULF Core42 deal, nuclear adjacent $WYFI $865M Nscale anchor contract The important stuff? Secured power capacity, signed anchor tenant contracts, cost per MW competitiveness, and execution speed on conversion. I think #SLNH# offers deep value. NFA. Will keep updating...

Schwab prepares spot crypto trading and suggests 1–8.8% BTC allocations, Morgan Stanley sees a strong ETF launch, Bhutan reduces BTC holdings, and we examine Iran’s remarkable toll proposal in this week’s deep dive.

An Afghan, an Albanian, an Algerian, an American, an Andorran, an Angolan, an Antiguan, an Argentine, an Armenian, an Australian, an Austrian, an Azerbaijani, a Bahamian, a Bahraini, a Bangladeshi, a Barbadian, a Barbudan, a Belarusian, a Belgian, a Belizean, a Beninese, a Bhutanese, a Bolivian, a Bosnian, a Botswanan, a Brazilian, a Brit, a Bruneian, a Bulgarian, a Burkinabé, a Burmese, a Burundian, a Cambodian, a Cameroonian, a Canadian, a Cape Verdean, a Central African, a Chadian, a Chilean, a Chinese person, a Colombian, a Comorian, a Congolese person, a Costa Rican, a Croatian, a Cuban, a Cypriot, a Czech, a Dane, a Djiboutian, a Dominican, a Dutch person, an East Timorese, an Ecuadorian, an Egyptian, an Emirati, an Equatorial Guinean, an Eritrean, an Estonian, an Ethiopian, a Fijian, a Filipino, a Finn, a French person, a Gabonese person, a Gambian, a Georgian, a German, a Ghanaian, a Greek, a Grenadian, a Guatemalan, a Guinea-Bissauan, a Guinean, a Guyanese, a Haitian, a Herzegovinian, a Honduran, a Hong Konger, a Hungarian, an I-Kiribati, an Icelander, an Indian, an Indonesian, an Iranian, an Iraqi, an Irish person, an Israeli, an Italian, an Ivorian, a Jamaican, a Japanese, a Jordanian, a Kazakhstani, a Kenyan, a Kittitian and Nevisian, a Kosovar, a Kuwaiti, a Kyrgyzstani, a Laotian, a Latvian, a Lebanese, a Liberian, a Libyan, a Liechtensteiner, a Lithuanian, a Luxembourger, a Macedonian, a Malagasy person, a Malawian, a Malaysian, a Maldivian, a Malian, a Maltese person, a Marshallese person, a Mauritanian, a Mauritian, a Mexican, a Micronesian, a Moldovan, a Monégasque, a Mongolian, a Montenegrin, a Moroccan, a Mosotho, a Motswana, a Mozambican, a Namibian, a Nauruan, a Nepalese person, a New Zealander, a Nicaraguan, a Nigerian, a Nigerien, a North Korean, a Northern Irish person, a Norwegian, an Omani, a Pakistani, a Palauan, a Palestinian, a Panamanian, a Papua New Guinean, a Paraguayan, a Peruvian, a Pole, a Portuguese person, a Qatari, a Romanian, a Russian, a Rwandan, a Saint Lucian, a Salvadoran, a Samoan, a San Marinese person, a São Toméan, a Saudi Arabian, a Scottish person, a Senegalese person, a Serbian, a Seychellois person, a Sierra Leonean, a Singaporean, a Slovak, a Slovenian, a Solomon Islander, a Somali person, a South African, a South Korean, a South Sudanese, a Spaniard, a Sri Lankan, a Sudanese person, a Surinamese person, a Swazi, a Swede, a Swiss person, a Syrian, a Taiwanese, a Tajik, a Tanzanian, a Togolese person, a Tongan, a Trinidadian and Tobagonian, a Tunisian, a Turk, a Turkmen, a Tuvaluan, a Ugandan, a Ukrainian, a Uruguayan, an Uzbek, a Vanuatuan, a Venezuelan, a Vietnamese, a Welsh person, a Yemeni, a Zambian, and a Zimbabwean… All walk up to a bar. The doorman stops them and says: “Sorry, I can’t let you in without a Thai.”