Miners are stacking. ETFs are stacking. Even governments are starting to make moves. So why did the price dip this week — and does it even matter? In this episode of The Bitcoin Effect, we follow the signal, not the noise.
⏬ Sources and Story Attribution:
🪓 Miners Holding Bitcoin
– Bitcoin Magazine (July 24, 2025): “Marathon Digital Eyes $850M Raise to Miners are stacking. ETFs are stacking. Even governments are getting in. So why did Bitcoin briefly dip?
In this episode of The Bitcoin Effect, Nate Martin explores the latest developments shaping Bitcoin’s future:
• Bitcoin miners like Marathon and Blockmate are holding rather than selling — turning into long-term reserve entities
• ETFs and corporate treasuries now hold more than 10% of all Bitcoin that will ever exist
• The U.S. government completes its Strategic Bitcoin Reserve study — report expected July 30
• Pakistan moves forward with plans to convert surplus power into Bitcoin via sovereign mining
These stories all point in the same direction: thinning supply, rising structural demand, and an upward pressure that’s becoming harder to ignore.
Sources:
• Marathon $850M Shelf Offering – GlobeNewswire
• Blockmate’s Wyoming Expansion – Cointelegraph
• ETF Bitcoin Holdings – HODL15Capital (via X.com)
• U.S. Strategic Bitcoin Reserve Report – Executive Order (March 2025)
• Pakistan Energy & Mining Plan – Bitcoin News / IMF Statements
Logos:
• Marathon and Blockmate logos used under fair use for news commentary
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