BTC getting a massive bid again and def ppl start finding some leverage bets. TradFi's move when they want higher-beta BTC exposure is buying $MSTR. turns out there's a crypto-native version of that trade too, BTC exposure + DeFi yield stacked on top. I’m slowly scaling into $STX here. @Stacks team isn't just shipping tech, they're actually designing value flow back to the token. PoX-5 backs this thesis up hard. to earn the targeted ~3% APY in BTC, your BTC stays timelocked under your own keys on Bitcoin L1, but you need to pair it with $STX worth roughly 5% of the BTC position as staking capacity. so a BTC holder who only owns BTC and wants that yield actually needs $STX. more BTC looking for yield → more $STX required as capacity → more STX locked, while the BTC itself never needs to get wrapped or leave L1. the Stacks L1's not a larp either: > $86.5M TVL, consolidated through the first BTCFi hype while $STX dropped almost 90% > @ZestProtocol, the biggest lending market on Stacks, hit $5M USDC borrowed > @bitflow has processed $5B+ cumulative volume > @HermeticaFi is building USDh, a yield-bearing stablecoin > stBTC is being deeply integrated into the eco so staked BTC can stay liquid and move into lending/looping if my thesis plays out, Stacks has serious upside building productive BTC bc they've actually got a full DeFi stack behind it. I don’t really buy the idea that BTCFi wins by just paying ppl yield for staking Bitcoin. tl;dr: BTC keeps repricing higher and BTCFi gets adopted, $STX gets capacity demand. when that capital then moves through lending, DEXs, vaults and stables, the network gets the activity too. $STX looking bottomed, reclaimed yearly support with a fat bull candle. good zone to be accumulating, I’m not aping full size in one clip. no need to get hungry on a long-term bet. the real move might start when BTC back $100K and suddenly everyone discovers the thesis.

Some news: I’m coming in as the new CEO of Stacks Labs. - I co-founded Stacks in 2017; we’ve been live for 5+ years and have gone through various chapters of decentralization. - I’m more bullish on $STX than ever before. After the successful launch of Bitcoin staking, it’s time to double down on the growth of Bitcoin capital markets. - After ecosystem restructuring last year, Stacks Labs has emerged as the operational hub. Taking on a day-to-day operational role there lets me put rocket fuel on the institutional BD work I was already doing. - Stacks is pushing the frontier of Bitcoin. The tech is stellar. More BTC capital flows and widespread marketing of Stacks are what’s needed now. That’ll be my focus. - @alexlmiller has done a tremendous job over the last year as interim CEO, put us on solid operational foundations, and pushed the core staking product live. Huge kudos to Alex for all his contributions! - Satoshi upgrades 1 delivered self-custodial staking. We’re working on other frontier Bitcoin challenges like 100x capacity, institutional-grade privacy, and post-quantum. I look forward to working with our fearless CTO, @AdrianoDiLuzio, and the rockstar team on this exciting roadmap. Start of a new chapter for Stacks and me. It’s time to light up some fires and push the frontier of Bitcoin. Forward!

BIG news: @muneeb Ali, founder of Stacks, is taking over as CEO of Stacks Labs on October 15. Bitcoin Staking is live, so Stacks Labs now enters its growth phase with the founder at the helm.