Why are more companies putting $BTC on their balance sheets? How does @River think about stablecoin rails, proof of reserves, and quantum risk? @intangiblecoins sits down with @Leishman to explore it all. Galaxy Brains EP 172🎧👇

Scenes from Constellations at @EthCC 📸 Co-hosted with our friends @meshconnectapi, @turnkeyhq (Galaxy Ventures portfolio companies), and @borderlessxyz, this night brought together our community of founders, investors, and partners for an unforgettable night in Cannes.

For years, we heard “the institutions are coming.” They’re not coming. They’re here. And they’re putting crypto on their balance sheets in structured, strategic ways🧵

K Wave Media is building a new blueprint for public companies, combining cultural influence with a Bitcoin-native corporate strategy. Galaxy is proud to join as a strategic advisor, asset manager, and investor, helping scale one of the boldest BTC treasury models in the market.

Felt like a good day for 30% off. Code: THIRTY30 One day only.

Galaxy Research has been cooking 🧑‍🍳 Reports from just the last 3 weeks (links in next post): - SEC’s ‘Crypto Week’ Delivers - PUMP ICO shows power of onchain infra - Ethereum Treasury Company overview - Hyperliquid L1 data shows early growth - SEC criticizes tokenized security “wrappers” - Robinhood’s L2 & Tokenization Push - Why Futarchy Matters - Bitcoin Treasury Companies & mNAV prem - Binance Chain data shows comeback - Phishing Attacks Grow More Sophisticated

Why does futarchy matter? Because early-stage crypto companies operate in a world where subjectivity is prevalent, ownership is freely tradable, and going from zero to one is the name of the game. Traditional governance models often fall short in this environment. @glxyresearch's @ZackPokorny_ breaks down why futarchy offers a clearer North Star 🧵

The wait is over. Galaxy swag has officially landed. Shop the drop. Rep the brand. Join the mission.

Our next Joint Custody episode is coming up on Monday, July 21, at 9 AM CET! Benjamin Duve will host Matthieu Herbeau, CBDC Advisor at @banquedefrance, for a conversation on wholesale #CBDCs and the future of capital markets. Subscribe now:

Why are bitcoin treasury companies trading at significant premiums to their BTC net asset values (NAVs)? The key driver: access to leverage through public capital markets. These companies can raise debt and equity to buy more $BTC, effectively turning them into high-beta BTC proxies that amplify market moves.