Ten31 Timestamp 776,359
The heavy hand of regulation came down particularly hard this week on the non-bitcoin “crypto” complex. The regulatory outlook for bitcoin remains comparatively much brighter. Our portfolio companies continue to build tools and infrastructure to help make bitcoin use more robust, censorship-resistant, and approachable for the next billion people who need superior money more than they need illusory “yield”…
Ten31 Timestamp 775,226
Late-stage fiat signposts piled up this week. Meanwhile, bitcoiners did what they do best and kept building the tools necessary to bring about a more sustainable future. Ten31 portfolio companies continue to make strides in advancing our mission of supporting the bitcoin network’s swiftly growing alternative to the decaying incumbent system…
Ten31 Timestamp 774,337
Ordinals are a recent development by Casey Rodarmor for allowing NFTs to be stored in blocks of the bitcoin blockchain. The recent Taproot upgrade has raised the ceiling on the amount of data that can be stored in the witness section of a bitcoin transaction…
Ten31 Timestamp 773,177
While no company will be totally shielded from what looks to be an impending (or ongoing) recession, Ten31’s portfolio companies were built for the long haul and are broadly in strong shape, with solid liquidity to withstand near-term macro headwinds. We continue to see compelling investment opportunities all around the bitcoin ecosystem and will look to keep leaning in while lower conviction capital runs for the exits…
Ten31 Timestamp 772,245
We expect mining to play an increasingly crucial role across many sectors of the economy and are excited to have partnered with several of the companies at the forefront of that development…
Ten31 Timestamp 771,058
Through counter-party failures, mining bans, political and corporate criticism, tumultuous financial markets, internal squabbles, a deluge of altcoin noise, and untold other headwinds, the network has consistently produced a new block approximately every 10 minutes to settle nearly $40 trillion in cumulative change-adjusted volume, all in truly decentralized fashion…
Ten31 Timestamp 769,751
This year has been a resounding success for Ten31 — we closed our second fund, have now invested in over 30 blue chip bitcoin companies, made grants to important projects like Fedimint, supported developers attending the Oslo Freedom Forum, and deepened our involvement in bitcoin at the grassroots level through community organization and involvement across the US and globally…
Ten31 Timestamp 768,908
Jack Dorsey made a grant of 14 bitcoin to Nostr, an open source communications protocol that may serve as the underpinning of truly censorship-resistant, decentralized social networks…
Ten31 Timestamp 768,027
Ten31 hosted its latest virtual Tribe event for investors and portfolio companies, with this month’s session focused on the foundational bitcoin adage of “not your keys, not your coins.” As trusted third parties continue to prove extremely vulnerable and insecure, Ten31 and our portfolio companies remain focused on investing in tools and technology to scale a variety of self-custody solutions to a mass market audience…
Ten31 Timestamp 767,076
The Ten31 team participated in a full week of programming at Nashville’s Bitcoin Park aimed at advancing the full sovereign stack. The week provided yet another set of encouraging data points showing that bitcoin is monetizing from the ground up and will reshape and enhance every industry and commercial activity in the world over time...
Ten31 Timestamp 765,944
Bitcoin is the long game. The dominoes of bad news for Digital Currency Group continue to fall as we learn where “The Yield” came from…
Ten31 Timestamp 764,774
Contagion from the implosion of FTX continues to ripple throughout the “crypto” ecosystem, threatening even major industry stalwarts. The collateral damage has shown bitcoin is the true signal amidst the noise and has driven record volumes for many Ten31 portfolio companies as users and institutions look for stronger foundations…
Ten31 Timestamp 762,757
The significant and accelerating disruptions that plagued both traditional financial markets and the “crypto” complex throughout October and into November have served as further validation of Ten31’s exclusive focus on bitcoin and the companies building critical bitcoin infrastructure…
Ten31 Timestamp 756,414
Against a backdrop of macro uncertainty, the Ten31 team has continued to actively deploy capital into high quality companies and take part in major community events. Industry activity has underscored once again that the organic growth of bitcoin’s network, user base, and value proposition are proceeding rapidly regardless of price headwinds, so we remain very bullish despite the bear market…
Ten31 Timestamp 744,667
Bitcoin, the broader “crypto” space, and traditional financial markets all saw major turmoil through the month of June and stagnate in July. Amid all the noise, the Ten31 team has stayed busy conducting diligence on potential investment opportunities, deploying into new investments, and looking for ways to add value to our portfolio companies…
Ten31 Timestamp 740,232
The Oslo Freedom Forum (OFF) took place on May 23-25th. Several members of the Ten31 team attended and took in a wide array of talks and presentations from activists, dissidents, and former political prisoners from authoritarian regimes around the world, including China, Syria, Belarus, and Russia. While not focused on bitcoin specifically, the event underscored the pivotal role bitcoin can play in supporting people and groups fighting for basic liberties in countries where they would otherwise have very limited or nonexistent funding options due to sanctions, financial repression, or state censorship…
Ten31 Timestamp 735,188
Bitcoin Magazine held Bitcoin 2022 in Miami and was on April 6-9th this year. Jack Mallers, Strike CEO and founder, gave the keynote speech where he announced partnerships with Shopify, Blackhawk, and NCR to offer an alternate payment processing rail to Visa and Mastercard…
Ten31 Timestamp 730,561
At Ten31 we strive to align ourselves with bitcoin and the open, permissionless network the protocol provides. As the barriers to entry continue to flatten for new entrants on the monetary network, open companies with a global audience will out-compete closed, in-house-only competitors…
Ten31 Timestamp 717,090
The anniversary of the Genesis Block is a great opportunity to demarcate what has happened and planning for the next ~52,560 blocks. 2021 was another banner year for Bitcoin where the bounds were pushed further than any could have predicted…
Ten31 Timestamp 714,000
The Timestamp will be covering portfolio companies, events and sector highlights including regulatory and political news around Bitcoin. We look to be a source of signal to navigate the quickly evolving ecosystem around Bitcoin…