Brew, 16 Sept 2026.
Top signal today: Sovereign Bitcoin adoption (76/100, tailwind).
BTC $75,949
- Sovereign reserves76/100tailwind
6 states hold ~630,180 BTC as reserves; 2 more have announced or proposed legislation. Sovereign demand is structural and policy-led, so it tends to precede flows.
- Hiring velocity61/100tailwind
Tracked Bitcoin/crypto-infra firms have 366 open roles, +26 vs 30 days ago (+7.6%). Teams staff up before they ship and grow; rising hiring may be an early demand tell (predictive value not yet backtested).
- Corporate treasuries57/100tailwind
180 public companies hold ~1,294,037 BTC (top: Strategy, 845,050 BTC). Corporate treasury accumulation is structural institutional demand; the trend strengthens as history accrues. Strategy (MSTR) trades at an observable ~0.706x mNAV — its equity value vs the value of its 845,050 BTC (quote 2026-09-15); reported as a number only, not a valuation judgement.
- Network hashrate53/100neutral
Network hashrate is ~1032.7 EH/s, +1.2% over 30 days. Rising hashrate reflects growing miner commitment and network security; sustained trends can precede price (not yet backtested).