Bitcoin Fortress — Episode 183
Date: September 28, 2025
Block Height: 916,801
Moscow Time: 907
Fees: 1 / 1 / 1
News:
1) Strive acquires Semler; 5,816 BTC added
https://www.reuters.com/legal/transactional/ramaswamy-backed-strive-buy-semler-13-billion-deal-all-stock-deal-boosting-2025-09-22/
2) IREN pivots into AI; stock jumps
https://www.investors.com/news/bitcoin-price-selloff-iren-stock-ai-cloud-expansion-bitdeer-gold-silver/
3) $1.5B+ in crypto liquidations
https://www.businessinsider.com/bitcoin-ethereum-price-today-crypto-selloff-liquidation-derivatives-market-2025-9
4) BTC dips below \$111K after U.S. growth revision
https://www.coindesk.com/markets/2025/09/25/bitcoin-falls-below-usd111k-crypto-stocks-plunge-as-gdp-revision-dampens-rate-cut-odds
5) Crypto market value drops ~$300B
https://m.economictimes.com/news/international/us/crypto-market-crash-2025-why-300-billion-in-cryptocurrencies-btc-bitcoin-eth-wiped-out-this-week/articleshow/124182079.cms
6) ETFs buying ~9× miner issuance
https://cryptobriefing.com/bitcoin-etf-demand-outpaces-supply-etfs-buy-9x-more-btc-than-miners-produce/
7) SEC eases listing rules for commodity/crypto ETFs
https://www.reuters.com/sustainability/boards-policy-regulation/sec-paves-way-crypto-spot-etfs-with-new-listing-rules-2025-09-18/
8) Hashdex Nasdaq Crypto ETF approved
https://www.digitaljournal.com/pr/news/indnewswire/sec-approves-hashdex-nasdaq-etf-180593749.html
9) September fade: “Red September” fears
https://decrypt.co/341401/crypto-market-red-september-bitcoin-barely-hangs-on
10) October rally possible despite weakness
https://coincentral.com/bitcoin-prepares-for-october-rally-as-september-crash-strikes-again/
11) Cipher undervaluation claimed by DCF
https://simplywall.st/stocks/us/software/nasdaq-cifr/cipher-mining/news/is-cipher-minings-skyrocketing-2025-returns-justified-after/amp
12) UK to allow retail access to crypto ETPs
https://www.thearmchairtrader.com/crypto/a-safer-way-into-the-cryptocurrency-maze/
13) Mining equity ETFs gaining narrative
https://www.etftrends.com/crypto-channel/crypto-mining-etfs-digging-deep/
14) Momentum ETFs: gold/silver/BTC lead
https://markets.financialcontent.com/wral/article/marketminute-2025-9-26-gold-silver-and-bitcoin-etfs-shine-amidst-global-turmoil-a-new-era-for-safe-haven-assets
15) Warsaw launches BTC ETF in Europe
https://volity.io/news/september-crypto-market-update/
16) BTC & alts tumble in daily selloff
https://www.barrons.com/articles/bitcoin-price-xrp-ethereum-crypto-slump-b7bff44d?utm_source=chatgpt.com
17) Macro narrative: “1 big reason to buy BTC before year-end”
https://www.fool.com/investing/2025/09/28/1-big-reason-to-buy-bitcoin-before-the-end-of-2025/
18) U.S. Strategic Bitcoin Reserve (policy background)
https://en.wikipedia.org/wiki/U.S._Strategic_Bitcoin_Reserve
19) Texas state BTC reserve law status
https://en.wikipedia.org/wiki/Texas_Strategic_Bitcoin_Reserve
20) New wave of ETFs expected in Q4
https://www.reuters.com/legal/government/crypto-etfs-set-flood-us-market-regulator-streamlines-approvals-2025-09-24/
21) September pullback resets sentiment
https://decrypt.co/341401/crypto-market-red-september-bitcoin-barely-hangs-on
22) Gold & safe asset inflows rising
https://markets.financialcontent.com/wral/article/marketminute-2025-9-26-gold-silver-and-bitcoin-etfs-shine-amidst-global-turmoil-a-new-era-for-safe-haven-assets
23) Institutional correlation rising
https://arxiv.org/abs/2501.09911
24) Interplanetary / quantum timestamping paper
https://arxiv.org/abs/2508.20591
25) Mining ETFs gaining more attention
https://www.etftrends.com/crypto-channel/crypto-mining-etfs-digging-deep/
26) Deutsche Bank: central banks likely adopt Bitcoin + gold
https://www.coindesk.com/markets/2025/09/22/bitcoin-to-join-gold-on-central-bank-reserve-balance-sheets-by-2030-deutsche-bank
https://finance.yahoo.com/news/deutsche-bank-bitcoin-could-join-095525226.html
27) Luke Dashjr censorship fork proposal debate
https://www.cryptotimes.io/2025/09/26/luke-dashjrs-hardfork-proposal-to-save-bitcoin-sparks-debate/?utm_source=chatgpt.com
https://www.bitget.com/amp/news/detail/12560604990799?utm_source=chatgpt.com
https://www.ainvest.com/news/bitcoin-core-conflict-spam-filters-censorship-risks-2509/
28) UK digital ID plan + backlash
https://www.gov.uk/government/news/new-digital-id-scheme-to-be-rolled-out-across-uk
https://www.reuters.com/world/uk/britain-introduce-mandatory-digital-id-cards-2025-09-26/
29) BTC holds better than alts in downturn
https://www.banklesstimes.com/articles/2025/09/28/crypto-weekly-recap-bnb-targets-2k-bitcoin-falls-below-110k-795m-eth-etf-outflows-doge-xrp-etfs-debut-sept-21-27-2025/?utm_source=chatgpt.com
30) Closing snapshot & factors to watch
https://www.coinwarz.com/mining/bitcoin/difficulty-chart
Featured Substack Post:
https://open.substack.com/pub/bitcoinfortress/p/why-people-of-faith-are-often-early
Bitcoin Fortress Books:
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