bitcoin will likely be around for 100+ years. the bitcoin L2 that becomes the default rails for BTC will need to be around for decades or potentially centuries. that’s why we are calling the new stacks raise the stacks endowment. the name endowment signals longevity. much like an endowment like princeton, we want to maintain or grow the base capital over the years and fund growth initiatives in the ecosystem through earnings. this will take some years and will be the job of the CIO of the endowment. but this is the north star.

stacks growth SIP passes with 97% vote and highest voter turnout out ever. what does this mean? let’s break it down: (1) stacks now has approx $400M in new capital (at current prices) for doubling down on growth in the coming years. (2) stacks did the first-ever SEC qualified offering which meant there was no large treasury for the project and very decentralized ecosystem (10+ entities). there is now a new treasury and a new labs entity for operational efficiency (while maintaining eco decentralization). (3) in the last two years dozens of bitcoin L2 projects got funded which validated that bitcoin L2 market will likely be $100B+ in coming years. despite all the recent competition, stacks emerged as the clear leader (on-chain traction, market staying power, accelerated growth of devs etc). now with this effective growth round, stacks can double down on success and lead the growth of the entire BTC L2 sector. (4) with bitcoin dominance as high as it is and clear product-market fit for BTC as the asset of choice for public companies and institutions, stacks mission to make bitcoin programmable and take BTC to a billion people on the fast stacks rails is more important than ever. (5) the updated roadmap of stacks with dual staking (using both BTC and STX), self-custodial upgrade for sBTC, value accrual mechanisms for STX at protocol level and others, together called the upcoming satoshi upgrades, lays out the plan for what stacks will look like by end-2025 and in 2026. cheers to the relentless stacks devs, stacks diamond-hand holders, the mission-driven community and thoughtful leaders for pulling this off. we were early to an idea that is now spreading, we stood the test of time and we’re here to stay. onwards and upwards 🚀 the bitcoins must flow 🟧

this cycle is playing out the way it is because all the action happened on public markets led by saylor & bitcoin. the public markets are a different beast and the projects that figure out how to effectively plug into them will unlock new growth potential. new era for crypto!

i see bitcoin everywhere. (this is equinox.)

turns out blockstream had more than 30,000 BTC on their balance sheet all these years. they likely used a large portion of their $21M raise in 2014 to buy and hodl bitcoin. respect 🫡

We’re excited to announce that our integration with @Stacks is now live! Stacks is building the future of Bitcoin. Now you can see it happening onchain. 👇

bitcoin bull since 2013. bitcoin L2 builder since 2017. having early conviction and unstoppable grit is how we’re going to make the on-chain BTC economy a reality.

we’ve long believed: (a) bitcoin dominance will continue to rise as BTC becomes the clear monetary standard. (b) a bitcoin economy will emerge on L2s as BTC becomes a productive asset. part (a) is playing out and early evidence for (b) e.g., 5,000 BTC deployed on stacks L2.

Bitcoin is going multichain. @muneeb's vision of expanding BTC liquidity is being realized as @Stacks prepares to bring sBTC multichain. The integration will be powered by @Wormhole NTT, the standard for making any token natively multichain.

oops was going to try the sBTC bridge but whale watch noticed.