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BTC Reserves Running Dry

Lark Davis March 14, 2024
GBTC

GM friends. 

In all seriousness, things are getting real out here. We need to have a frank discussion about the bitcoin supply shock that’s happening right now. 

Pour a cup of coffee and take that chair, because here’s your mid-week BTC supply shock update.  ☕️📰

Here's what's in today's issue:

  • David shares his thoughts on BTC reserves running dry, Ethereum’s Duncan upgrade, Coinbase selling $1B in bonds, Jamie Diamond defending the right to buy BTC & Drake posting a Michael Saylor video.
  • Erik has an article on Ethereum spot ETFs: Approval likely, but probably not soon.
  • In case you missed it by Rebecca.
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BTC Reserves Running Dry 

Ladies and gentlemen, we are running out of bitcoin. 

According to coinglass data, there’s only 1.84 million bitcoin available across all major exchanges. That’s a 4% decrease in less than two months, when there was 1.9 million bitcoin on exchanges in late January. 

Now, you might

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