To investors,

There is a global race under way to see who can acquire the most amount of bitcoin. We have seen Microstrategy buy more than $33 billion worth (506,000+ bitcoin) since August 2020. Companies like Metaplanet, Semler Scientific, Tesla, and Block have all followed suit in recent years.

We have various large financial institutions pounding the pavement to help their clients get exposure to bitcoin via the newly approved ETFs — Blackrock, Fidelity, Grayscale, Ark Invest, Bitwise, and many others. There is no denying that Wall Street has arrived.

And the nation states aren’t going to be left behind, so El Salvador, Bhutan, Abu Dhabi, and Russia all started buying and mining bitcoin. This was quickly followed by the leader of the free world, the United States government, who decided it was time to establish the Strategic Bitcoin Reserve a few weeks ago.

That is a lot of large capital pools competing to purchase as much bitcoin as possible.

As if that wasn’t enough, we found out there will be a new entrant to the race yesterday — Gamestop. The former meme stock announced unanimous board approval of an update to its investment policy allowing bitcoin to become a treasury reserve asset.

This isn’t just another random company announcing the desire to buy bitcoin though. Gamestop has a legion of retail investors that want to see them put their nearly $5 billion of balance sheet cash into the digital currency. I spoke with two different Gamestop shareholders after the announcement yesterday and both could only be described as giddy.

It is not clear how much of that $5 billion will be put into bitcoin, but my guess is it won’t be 1-2%. Instead, Chairman Ryan Cohen is likely to take a big bet on bitcoin as a balance sheet asset.

Why do I think that?

First, you don’t go through the bureaucratic board approval process for a small 1-2% allocation. You only put the time and energy to get the change to your investment policy if you are looking to put a material amount of your cash into bitcoin.

Second, Ryan Cohen only follows three accounts on X. They are Gamestop’s corporate account, along with the @Bitcoin handle and Bitcoin Magazine.

That is behavior of a hardcore bitcoiner that is looking to buy more bitcoin.

Because here is the thing — we are going to see many more corporate executives fall victim to the same feeling that retail investors have felt for nearly 15 years. You hear about bitcoin. You buy a little. You start learning more about the asset. Eventually you realize you don’t have enough bitcoin. And now you are scrambling around looking for more money so you can buy as much bitcoin as possible.

Corporate executives will start with their personal money, but eventually they will be tempted to use balance sheet cash. If it is good enough for the US government’s reserve, then it should be good enough for a corporation’s balance sheet, right?

I think so. And the companies that have pursued this strategy in public markets have been rewarded financially. So we should expect more companies and governments to buy as much bitcoin as they can.

Young bitcoiners are rising into positions of power and influence. That should continue for the next few decades. And they all believe they are underexposed to the best performing asset of the last 15 years. They’ll do whatever they can to get more bitcoin, including the use of balance sheet cash to make monster bets on their best idea.

Hope you all have a great day. I’ll talk to everyone tomorrow.

– Anthony Pompliano

Founder & CEO, Professional Capital Management

Bitcoin Rises As Trump Rebuilds The American Dream

Polina Pompliano, Author of ‘Hidden Genius’ and Founder of The Profile, and Anthony Pompliano, Author of ‘How To Live An Extraordinary Life’ and CEO of Professional Capital Management, discuss bitcoin, US economy, stock market, tax rates, tariffs, and how we can improve the future for millions of Americans.

Enjoy!

Podcast Sponsors

1. Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit here to learn more.

2. Reed Smith – Smart legal solutions for complex disputes, transactions, and regulations. Learn more at www.reedsmith.com.

3. Franzy – Ready to leave the 9-to-5, start a side hustle, or expand your portfolio? Franzy is your gateway to franchise ownership—research, compare, and fund the right opportunity with confidence and transparency.

4. Bitwise – America’s largest crypto index fund manager and the only Bitcoin ETF issuer that publishes its wallet address plus donates 10% of profits to open source developers. Learn more at BitwisePomp.com

5. BitcoinIRA – Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.

6. Bitdeer – A global technology company focused on Bitcoin mining, ASIC development and HPC for AI, backed by advanced R&D and a massive 2.5 GW global power portfolio.

7. BitcoinOS – The operating system for bitcoin applications powered by zero-knowledge technology. Check out @BTC_OS on twitter to learn more.

8. Gemini – The future is being built today. Go Where Dollar’s Won’t. With Gemini.

9. Xapo – Xapo Bank is the only way to bank with Bitcoin.

10. Polkadot – a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.

You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren’t finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research.