Q2 2025 Review and Look Ahead
7/4/2025
What’s Behind the Drop in Hash Rate?
Research
What’s Behind the Drop in Hash Rate?
6/30/2025
Progress on Quantum Computing and its Impact on Bitcoin
Research
Progress on Quantum Computing and its Impact on Bitcoin
6/20/2025
Understanding Premiums to NAV as Crypto Treasury Companies Proliferate
Research
Understanding Premiums to NAV as Crypto Treasury Companies Proliferate
6/13/2025
Move Over mNAV, Here’s Something Better
Research
Move Over mNAV, Here’s Something Better
6/6/2025
Research Weekly - Bitcoin’s First Major Banking Crisis
Research
Research Weekly - Banking Turmoil Spills Over to Bitcoin Markets
Research
Research Weekly - Crypto is Not a Monolith
Research
Research Weekly - Changing of the Technical Guard Stokes Important Questions
Research
Ordinals and the Case of the Missing Fees
Research
Bitcoin's Protection under the First Amendment
September 25, 2024
Perspectives
Stone Ridge 2024 Investor Letter
Investor Letters
Bitcoin's Protection under the First Amendment
Perspectives
Stone Ridge 2023 Investor Letter
Investor Letters
Through the Looking Glass: The FTX and Alameda Saga
Perspectives
On Impossible Things Before Breakfast
Perspectives
The Temporalities of Bitcoin Returns
Resources
The Power of Bitcoin's Network Effect
Resources
newsletter
Sign up for weekly research
Subscribe now to learn what’s driving bitcoin markets, track significant regulatory developments, and get the data that deserves your attention.