🗞️ Coinbase Hacked • Badly Researched Financial Times Documentary • Ukraine To Build Bitcoin Reserve • Saudi Central Bank Holds Strategy Shares • Google Search Volume for Bitcoin Flat + Latest News!
Block Height: 896,977 • Bitcoin Price: $103,617
👋 Welcome to The Bitcoin Mindset Newsletter—your favourite curated source for interesting news, essential education, and amusing entertainment! Happy stacking & have a wonderful weekend!
🔝 Top Stories
Coinbase Hacked…!
The Financial Times Release Michael Saylor Documentary…
Bhutan to Accept Crypto for Tourism…
Ukraine Plans to Build a Strategic Bitcoin Reserve…
DayDayCook plans to Acquire 5,000 Bitcoin…
Brazil's First Listed Bitcoin Treasury Firm Buys 274.5 BTC…
Google Search Volume for Bitcoin Flat…
Saudi Central Bank Holds Strategy Shares…
And much much more! Subscribe now!
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📙 Bitcoiner Books
Animal Farm by George Orwell. Pick up a copy here on Amazon!
👀 Must Watch
Coinbase experienced a huge hack just days ago! Here’s an official update from co-CEO Brian Armstrong. Due to outdated (for the crypto economy) KYC laws, Coinbase has to collect customer data, much of which was hacked, and the hackers are demanding a $20 million ransom!
The small nation of Bhutan was recently revealed to be secretly mining Bitcoin, now it aims to be the first country to accept bitcoin and crypto for tourism. ⬇️
New York City’s Mayor made headlines as the first in the U.S. to convert his initial paychecks into crypto. Now he is declaring his ambition to make “New York City the crypto capital of the globe.” ⬇️
James Seyffart of Bloomberg estimates that “probably a third” of people in TradFi still hate Bitcoin. ⬇️
📰 Latest News…
Ukraine Teams Up With Binance to Build a Strategic Bitcoin Reserve.
Ukraine is among the largest state holders of bitcoin. According to BitcoinTreasuries, its government wallets hold approximately 46,351 BTC, worth nearly 4.8 billion dollars. This reserve mainly comes from massive donations, seizures, and fundraising. Yaroslav Zhelezniak, deputy and vice-chair of the finance committee at the Rada, confirms that “the bill is in the finalisation phase and will soon be submitted to Parliament“. He had already mentioned the idea of a crypto reserve in February 2025 without revealing details.
China-Linked Consumer Brand DayDayCook Plans to Acquire 5,000 Bitcoin.
DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, is adopting a Bitcoin reserve strategy, CEO Norma Chu announced in a shareholder letter on May 15.
Bought Bitcoin at $5, Sold for $50M: Yoni Assia, eToro CEO.
Yoni Assia, the CEO of trading platform eToro, has revealed that the company once bought Bitcoin at just $5 and eventually made a $50 million profit from the investment. This wasn’t some recent bet either. Assia said the purchase was made back in the early 2010s, long before Bitcoin became a household name.
Mubadala Investment Company, one of Abu Dhabi's sovereign wealth funds, disclosed in a 13F filing with the Securities and Exchange Commission on Thursday that it had added 491,439 shares in BlackRock's Bitcoin ETF during Q1, currently worth around $28.8 million.
Coinbase Becomes First Bitcoin And Crypto Company To Join The S&P 500.
This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.
South Korea’s Pension Fund Eyes Direct Bitcoin Investment.
South Korea's National Pension Service (NPS), managing over $800 billion in assets, is exploring direct investments in Bitcoin. This shift follows recent legislation permitting national pension funds to invest in cryptocurrencies. Presidential candidates from both major parties have expressed support for integrating digital assets into public investment strategies.
Brazil's First Listed Bitcoin Treasury Firm Buys 274.5 BTC Amid Growing Corporate Crypto Adoption.
"Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil," Israel Salmen, the company's chairman, wrote on X Thursday.DOJ Charges 12 More Gamer-Turned $263M Bitcoin Robbers.
Another 12 people have been charged for their involvement in a $263 million crypto crime spree that stole 4,100 Bitcoin from a Genesis creditor last August, along with a string of break-ins and money laundering.
JPMorgan Forecasts Bitcoin to Outperform Gold in Second Half of 2025.
JPMorgan analysts reported that Bitcoin is likely to continue gaining ground at gold’s expense in the second half of the year, driven by rising corporate demand and growing support from U.S. states.
Google Search Volume for Bitcoin Flat as BTC Nears New Highs — Where are Retail Investors?
Bitcoin retail traders are known for entering the market during periods of euphoria, typically after strong monthly gains or a new all-time high. This time is no different, with Bitcoin approaching $104,000 on May 14 while general public interest and retail activity continue to lag.
British Museum Puts Sculptures of Dürer's 'Rhinoceros' on Bitcoin Blockchain.
Albrecht Dürer’s iconic 1515 artwork “The Rhinoceros” has been reinterpreted as a set of 11 sterling silver sculptures by Asprey Studio, each of which will be sold alongside a digital inscription on the Bitcoin blockchain.
Jack Mallers’ Twenty One Capital And Tether Bought 4,812 Bitcoin For $458,700,000.
Today, Cantor Equity Partners, Inc. revealed in a new filing with the SEC that Tether bought 4,812.2 Bitcoin for a total of $458.7 million on behalf of Jack Mallers’ recently launched Bitcoin treasury company, Twenty One Capital, which plans to eventually go public under the ticker $XXI.
🤔 Interesting Videos
A few days ago, the Financial Times(FT), once considered a reputable institution, released a cringeworthy documentary on Michael Saylor. The Bitcoin community found it absolutely hilarious and has been roasting the FT on X all weekend.
The presenter clearly didn’t understand Saylor’s company, Strategy, or Bitcoin itself. Had she done the research, she might’ve grasped why Strategy and its shareholders are so committed. She seemed unaware that Bitcoin isn’t just an investment, it’s engineered money, designed with the best monetary properties!
At one point, she claimed Bitcoin has “no use cases” (despite having the same use cases as money—whilst doing everything better). Even more bizarrely, whilst trying to understand Bitcoin, she argued that her teeth are rare, so why aren’t they valuable? You really can’t make this stuff up. Watch the whole 27-minute documentary here. ⬇️
Here's the latest from the pioneering Scottish school now accepting Bitcoin for tuition, and now they are launching a bold new initiative: Satoshi Scholarships. ⬇️
Joe Nakamoto takes us back to Madeira in his latest video, uncovering the latest in how the island is embracing Bitcoin.⬇️
Steak 'n Shake began accepting Bitcoin payments this week—here’s a Lightning transaction in action! ⬇️
🔍 Community Highlights
🗣️ Timeless Quotes
“My teeth are pretty scarce, but they’re not worth billions of dollars." —Katie Martin, Financial Times
🧡 Meme of the Week!
⚠️ Disclaimer
The Bitcoin Mindset Newsletter is interested in low time preference thinking and how FreedomTech (Bitcoin, Nostr, encryption, the internet etc) can help build a better and freer future. Like Bitcoin, this newsletter is politically non-partisan; Bitcoin is for everyone! The content we share, including videos, memes & social media accounts, does not necessarily reflect the views of this newsletter.
We don’t cover financial advice, shitcoinery, trading tips, or get-rich-quick schemes. Fiat mindsets chase pumps—Bitcoiners build for generations. Everything here is for informational purposes only and should never be mistaken for financial, investment, or legal advice.
Being self-sovereign comes with responsibility. Don’t trust—verify. Do your own research and think for yourself. After reading this newsletter, don’t buy Bitcoin—study it.