🥇 Bitcoin 2025 Asset of the Year – with Record ETF Inflows and Treasury Bets But Why are Some Miners Pivoting?

🏢 Release W27’25 | 905,370 | Bitcoin cross $118K as ETFs Hit $83B—100% YTD; $9B AI Buyout; $4.2B Treasury Raise; $1B Shorts; 5x Faster Than S&P 500; AI Miner Shift Begins while others are Growing

The Paper News

Jul 15, 2025

Bitcoin surges to $118.6K with 100% YTD growth and record ETF inflows,
Pakistan and the IMF say BTC mining subsidies talks are ongoing; Cathedra names Joel Block as CEO; Cango adds 133 BTC, now at 4,091; KULR targets 1.25 EH/s with buy-and-mine strategy; CoreWeave to buy Core Scientific for $9B, shifting 1.3 GW to AI; BitFuFu mined 445 BTC in June with 36.2 EH/s; Bit Digital raised $172M, pivoting to ETH; CleanSpark mined 685 BTC and hit 50 EH/s; Bitdeer upped hashrate to 16.5 EH/s, plans SEALMINER A3; VanEck says BTC miner execs are overpaid; Hoskinson says Satoshi mined 1M BTC for under $3,700; HIVE, Bitdeer, Iris grew hashrate in June while MARA, Core cut back.
Metaplanet added 2,205 BTC (total 15,555 BTC) and may acquire a digital bank; Strategy launched $4.2B stock sale to buy BTC; Murano adopted 80/20 BTC-cash strategy; Remixpoint secured $215M to reach 3,000 BTC; LQWD now holds 181 BTC; Semler at 4,636 BTC; Mac House to invest ¥1.7B in BTC from Sept. 17; Universal Digital bought first 10 BTC; Nakiki SE targets BTC-only treasury; Bow Valley Credit Union launched Bitcoin Gateway; KULR got $20M BTC-backed loan from Coinbase; K Wave Media raised $1B for BTC strategy; Smarter Web owns 1,275 BTC; DDC bought 230 BTC (total 368 BTC) and partnered with Animoca in $100M deal; Sequans raised $384M for BTC strategy; Active Energy allocated 70% of treasury to BTC; H100 Group now at 294.5 BTC; ANAP holds 229.23 BTC; BTC AB has 152 BTC; Sundae Bar began BTC strategy, shares rose 5.4%; K33 now at 85 BTC; Unchained hit $1B in BTC-backed loans; BOOSTHEAT started BTC unit with €250K; BBVA offers BTC trading to Spanish users; Ego Death Capital raised $100M for BTC startups.
South Korea to grant crypto firms venture status; New Zealand banned crypto ATMs, capped foreign transfers at $5K; Pakistan launched PVARA to regulate crypto firms; Malaysia to ease listings but tighten custody rules; UK to require crypto user IDs in 2026; Mongolia urged to create BTC reserve; Sygnia launched BTC fund in South Africa; Emirates partnered with Crypto.com for 2025 crypto payments; Rumble and MoonPay launched BTC wallet for creators; Apple approved SaruTobi with BTC microtransactions; SBI lets users redeem card points for BTC; SoFi revives crypto investing and blockchain payments; Trump Jr. invested $4M in Thumzup for BTC pivot; BlockFi and DOJ settled $35M dispute; Bukele mocked U.S. senators as El Salvador hit 6,232 BTC; Tasmanian police said top ATM users were scam victims ($1.6M lost); Canadian woman sued after $1.3M SIM-swap BTC loss; hackers targeted Mt. Gox address with phishing; Jack Dorsey launched Bitchat, a BTC-style offline messenger.
U.S. drops broker rule, ending DeFi tax reporting; dormant wallet moves 400 BTC to Bitgo; Bhutan’s 213.5 BTC transfer fuels sell-off talk; IBIT becomes fastest ETF to reach $80B; Bank of America calls BTC 2025’s top currency.
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✨ Hash & Cash Index 🚀

🪄 Pool Power Tools 🎱

This week’s Pool reward index settles to 106.15%, a 1.04% increase from last week with 22 active pools chipping away 1070 blocks. The total miner reward over the last 144 blocks contracted to 454.42BTC, a 0.51% increase from last week, the dollar valuation of this rewards settles at $53M (9.63% WoW). Average block fees are equal to 0.0307BTC/block, increasing 110.28% Wow and estimated at $3618 per block. Transaction fee per Network transaction equate to 1.03k sats per transaction, costing around $1.21 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE

In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 268.51 EH/S, clinching 320 blocks. ANTPOOL continues to challenge, harvesting 167 blocks with 140.13 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 107 and 142 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 32.72 EH/S and manages to secure 39 blocks over the last week. Source: Mempool, ONMINE.

🧰 Hard-Ware & Hosting Index ⚙

🇵🇰 Pakistan and the IMF deny rejecting bitcoin mining power subsidies, saying talks are still ongoing.

👔 Cathedra Bitcoin appoints Joel Block as CEO and chairman, replacing Scalia and Armstrong.

🇨🇳 Cango adds 133 BTC, boosting its holdings to 4,091 Bitcoin.

🟡 KULR boosts its Bitcoin treasury with a dual buy-and-mine strategy and aims for 1.25 EH/s.

🤖 CoreWeave is acquiring Core Scientific for $9B, shifting 1.3 GW of mining capacity toward AI infrastructure.

💻 BitFuFu mined 445 BTC in June, reaching 36.2 EH/s and 728 MW, with cloud mining driving most of its output.

🟣 Bit Digital sold BTC and raised $172M to shift fully into 100K+ ETH holdings.

⚡ CleanSpark mined 685 BTC in June and hit 50 EH/s using fully self-operated infrastructure.

⚙️ Bitdeer raised self-mining hashrate 21% to 16.5 EH/s and is set to mass-produce SEALMINER A3.

💰 VanEck says Bitcoin miner execs are overpaid, with investors pushing back over weak links to performance.

🧠 Hoskinson says Satoshi mined 1M BTC for under $3,700 due to low early-era costs.

📈 HIVE, Bitdeer, Iris, and CleanSpark boosted hashrate in June, while MARA and Core cut back operations due to summer-related curtailments.

HIVE led June hashrate growth with a 27.41% jump to 10.8 EH/s, followed by Bitdeer (+11.84% to 13.4 EH/s), Iris (+6.78% to 41 EH/s), and CleanSpark (+6.59% to 45.3 EH/s), while MARA and Core saw major declines due to summer curtailments. Source: The Miner Mag

⚡ Capitulation in a Bull Market?

Bitcoin above $100K hasn't stopped miners from exiting—just changed the reason. Core Scientific is pivoting to AI under CoreWeave, and Bit Digital is ditching mining for an Ethereum treasury strategy.

📉 ETFs Changed the Game

With spot Bitcoin ETFs in play, mining stocks no longer offer the same leverage. Only miners adapting to AI or new models are keeping pace with BTC.

Since late 2022, only a few public miners—IREN, CIFR, and WULF—have kept pace with BTC. Most others trail behind, highlighting that in today’s market, adaptability and diversification matter more than just holding Bitcoin.

🔄 Adapt or Exit

This isn’t collapse—it’s evolution. Miners are redefining survival: shift to AI, embrace ETH, or focus solely on BTC reserves. The industry's future depends on reinvention.

🌟 If you are interested in hosting or purchasing ASICs please use this link to see how much more BTC you can mine and less USD to spend. Fill out this survey so we can beat the halving together or email info@onmine.io.

🔆 Join more than 1,000 miners and upgrade your Bitcoin Mining Game.

GET ONMINE

🏦 Bitcoin Products 🔍

🇯🇵 Metaplanet added 2,205 BTC, raising its total to 15,555 BTC under its 210K BTC plan.

🇺🇸 Strategy launched a $4.2B stock offering to buy more Bitcoin.

🏛️ Murano joined Chairman’s Circle, leading with an 80/20 Bitcoin-to-cash corporate strategy.

🇯🇵 Remixpoint secured $215M to grow its Bitcoin holdings to 3,000 BTC.

🍁 LQWD bought 10 more BTC, raising its total to 181 BTC.

🏥 Semler added 187 BTC, raising its total to 4,636 BTC.

🇯🇵 Mac House will invest ¥1.7B in Bitcoin from Sept. 17 via a strategy backed by EVO FUND.

🍁 Universal Digital buys first 10 BTC for its treasury.

🇩🇪 Nakiki SE aims to become Germany’s first public firm with a Bitcoin-only treasury strategy.

🍁 Bow Valley Credit Union launched Canada’s first Bitcoin Gateway, letting Albertans buy BTC directly through their accounts.

🏦 KULR got a $20M Bitcoin-backed loan from Coinbase to grow its BTC holdings.

🎬 K Wave Media secures $1B to fuel its Bitcoin treasury strategy.

🇬🇧 Smarter Web Company bought 275 BTC, raising its total to 1,275 BTC and ranking 28th among public holders.

🟠 DDC bought 230 more BTC, raising its total to 368 BTC and hitting a 48.3% yield since its last purchase; also partnered with Animoca in a $100M BTC strategy.

🇫🇷 Sequans raised $384M to launch a Bitcoin treasury strategy.

🌱 Active Energy allocates 70% of its treasury to Bitcoin to hedge inflation and support energy goals.

🇸🇪 H100 Group bought 46.93 BTC for SEK 49.5M, raising its total to 294.5 BTC.

🇯🇵 ANAP bought 28.74 Bitcoin, now holding 229.23 BTC.

🇸🇪 BTC AB added 4.4 Bitcoin, now holding 152 BTC in total.

💰 Sundae Bar starts Bitcoin treasury strategy, shares jump 5.4%.

🇳🇴 K33 has bought 50 more Bitcoin, raising its total holdings to 85 BTC.

🇰🇷 South Korea plans to grant crypto firms venture status, unlocking tax breaks and funding access.

🇳🇿 New Zealand banned crypto ATMs and capped overseas cash transfers at $5K to fight money laundering.

🇵🇰 Pakistan established the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee and license crypto firms.

🇲🇾 Malaysia proposes easing crypto listing rules while tightening custody and governance for exchanges.

🇬🇧 UK to require crypto users to submit tax IDs and personal info to service providers starting Jan 1, 2026.

🇲🇳 Mongolia’s Prime Minister is being urged to create a national strategic reserve of Bitcoin.

🇿🇦 Sygnia launches Bitcoin fund in South Africa, tracking BlackRock’s IBIT to bypass local crypto hurdles.

✈️ Emirates signed an MoU with Crypto.com to enable crypto payments and promote adoption starting in 2025.

The Bitcoin Treasury Index for this week steady reflecting a stable grip on holdings, with 83 companies increasing their trove to precisely 3,053,580.47 BTC. Government also join the bitcoin standard with 7 countries holding 527,259.0 BTC. The value locked in these treasuries for Companies and Government tells a different story swelling to a robust $358.73B and $61.94B, respectively. A total of 14.541% all Bitcoins are held in corporate treasuries, while government holds 2.511 % of all Bitcoins, reinforcing the sentiment of a consolidating market among institutional & Government participants. Source: NewHedge, ONMINE.

📲 Rumble and MoonPay launch Bitcoin wallet to empower creators and bypass banks.

🎮 Apple approved SaruTobi as the first iOS game with Bitcoin microtransactions, powered by ZBD’s Lightning tech.

🇯🇵 SBI now allows APLUS cardholders to redeem points for Bitcoin, a first for Japan’s credit rewards programs.

💼 Ego Death Capital raised $100M to back Bitcoin-focused startups building real-world apps.

🌐 SoFi is rolling out blockchain-powered global payments and bringing back crypto investing.

🇺🇸 Trump Jr. invests $4M in Thumzup, underscoring the family’s Bitcoin pivot

💼 BlockFi and the DOJ settled a $35M crypto dispute, case dismissed.

🇸🇻 Bukele mocked U.S. senators over Bitcoin scrutiny as El Salvador’s BTC stash hits 6,232 worth $690M.

🔍 Tasmanian police found the top 15 crypto ATM users were all scam victims, losing a total of $1.6M.

🍁 Canadian woman files lawsuit after losing $1.3M in Bitcoin to SIM-swap hack.

🎯 Hackers target Mt. Gox-linked Bitcoin address holding $8.7B with phishing scam via OP_RETURN message.

📡 Jack Dorsey launches Bitchat, an offline, Bitcoin-style messaging app.

🇯🇵 Metaplanet plans to use its growing Bitcoin stack to acquire cash-generating firms, including a possible digital bank in Japan.

🏦 Unchained hit $1B in BTC-backed loans with lower APRs and secure, client-controlled custody.

🇪🇸 BBVA now offers Bitcoin trading and custody to all retail customers in Spain via its mobile app.

🇫🇷 BOOSTHEAT launches Bitcoin unit with €250K to start BTC accumulation.

🎬 End Notes 🎤

🇺🇸 The U.S. has repealed the crypto broker rule, ending DeFi tax reporting requirements.

📈 Bitcoin hits 6th all-time high in 2 days, surging past $118.6K amid strong institutional inflows and bullish momentum.

🕰️ 12-year-old wallet moves 400 BTC worth $47M to Bitgo as Bitcoin hits new ATH.

On July 11, 400 BTC from 2013 legacy wallets moved in 16 transfers to Bitgo, confirmed across blocks 905014–905017. Source: btcparser

🏔️ Bhutan moves 213.5 BTC to Binance, sparking sell-off speculation.

📈 BlackRock’s IBIT became the fastest ETF to hit $80B AUM as BTC surged past $118K, with spot ETFs pulling in $1.18B in one day.

IBIT hit $80B in just 374 days—5x faster than $VOO—and is now the 21st largest ETF with $83B in assets. Source: Eric Balchunas

💸U.S. spot Bitcoin ETFs just saw back-to-back $1B+ inflow days for the first time ever, as Bitcoin hit new all-time highs.

The 11 spot Bitcoin ETFs pulled in $1.03 billion on Friday, after seeing $1.17 billion in inflows on Thursday. Source: Farside Investors

🥇 Bank of America has ranked Bitcoin as the best‑performing currency of 2025, with its 18.2% year‑to‑date gain outpacing every major fiat currency.

📈 Over $1B in crypto shorts, including $570M in Bitcoin, were liquidated on July 11, 2025.

🚀 Bitcoin is up 100% year-to-date, surpassing the performance of gold and the S&P 500.

🤑 Top Tea 🫖

Metaplanet Enters ‘Bitcoin Gold Rush’ with Plans to Buy 210,000 BTC by 2027 - Bitcoin Magazine
Myths Busted And Conflicts of Interest Noted at Senate Banking Crypto Market Structure Hearing - Bitcoin Magazine
Strategy, Metaplanet and Others Sit on Billions in Bitcoin Gains — and They’re Not Selling - Coindesk
MARA Holdings Names Ex-Blue River Exec as CPO to Lead Productization of Energy Tech - Coindesk
ARK Flags Bearish Bitcoin Signal Despite BTC Price Stability - Decrypt
Florida AG Investigates Robinhood Over Crypto Pricing Claims - Decrypt
Trump Ally Compares Crypto Industry Writing Its Own Rules to Spilled 'Urine Sample' - Decrypt
SIM Swapper Who Stole $20 Million in Crypto Resentenced to 12 Years in Prison - Decrypt
Is Coinbase holding MicroStrategy’s bitcoin? - Protos
HIVE Digital stock soars on BTC mining, revenue milestones - Cointelegraph
Peter Schiff says sell Bitcoin for silver as BTC smashes new highs - Cointelegraph
Belarus Proposes Introduction of Digital Currencies to BRICS Settlement System - Bitcoin News
Russia Compiles Crypto Mining Equipment Register to Boost Oversight - Bitcoin News
Bitcoin Breakout Leaves Short Sellers in Tatters - Bitcoin News
Lost or Just Waiting to be Spent? The Curious World of Sleeping Bitcoins Explained - Bitcoin News
Ripple CEO to Testify Before Senate on Crypto Reform and Market Structure Legislation - Bitcoin News
SEC Commissioner: Tokenization Promising, but No ‘Magic’ Exemption From Rules - Bitcoin News
Bitcoin flies to new all-time highs, briefly topping $118,000 as institutions pile into ETFs - CNBC
Here’s why Bitcoin hit an all-time high and can run to $120k - Crypto News
Metaplanet eyes second stage of BTC strategy, plots acquisition spree - Crypto News
Satoshi's Bitcoin Compromised? Ripple CTO Ends Speculation - UToday
BlackRock Now Owns 700,000 Bitcoin, Here's When 1,000,000 BTC May Come True - UToday
Breaking: Chinese Regulator Mulling 'Major' Crypto Pivot - UToday
Bitcoin records 88% higher daily trading volume than Nvidia - Finbold
All Bitcoin holders now in profit, 0% in losses, on-chain data shows - Finbold
Bitcoin hits new all-time high, outpaces Meta, Alphabet, Saudi Aramco - Protos
Who Moved 80,000 BTC? - The Mining Pod
Bitcoin just hit an all-time high. So why is CORZ down? - Blockspace
CoreWeave / Core Scientific’s $9B Deal, IREN’s Blackwell Buy, Bit Digital’s ETH Treasury - The Mining Pod
German Government Misses $3.1 Billion Profit After Bitcoin Sale At $54,000 - AInvest