Bitcoin, reserves and onchain data – Friday, 9 January 2026

Join Kaupr Today

Good morning – and welcome to your Friday briefing at the intersection of bitcoin, policy and Nordic digital finance. This first week of Kaupr Today has already tracked tradfi–crypto convergence through ETFs and treasuries, highlighted Nordic women shaping the ecosystem, and followed bitcoin’s New Year bounce as a backdrop to launches like Kaupr TV Live. This is your quick, curated daily window into the Nordic future of finance and the internet.

You’re receiving this because you’ve engaged with Kaupr Today; if it turns out this newsletter isn’t for you, you can unsubscribe at any time using the link in the footer.​

If you’re new to Kaupr Today or missed the first issues, you can jump straight into the latest editions from 4, 5, 6, 7 and 8 January via the Kaupr Today home page.​

Welcome!
Morten

Kaupr TV Live is coming!

On Friday 23 January 2026, 12:00–13:00 CET, Kaupr is launching a new live show from its Stockholm studio for builders, professionals and investors who want real signal on the digital economy. Hosted by Morten Myrstad with co‑host Leon Aleksander Karlsen Solbakken, the first episode will introduce the Kaupr TV format and set up future conversations with guests from across the Nordic and European Web3 and digital‑finance ecosystem. Viewers can watch live on LinkedIn Live, YouTube and Kaupr TV, with registration via a LinkedIn event for reminders and streaming links.

Why it matters: This launch creates a recurring live meeting point for the Nordic and European Web3 ecosystem, deepening Kaupr’s role as an infrastructure hub for high‑signal conversations in digital finance.

Where to watch: Kaupr TV will be live on LinkedIn Live, YouTube, and Kaupr TV​Register for Kaupr TV Live event on Linkedin to get reminders and direct streaming links.​

Bitcoin tests sub‑$90k support as ETF flows wobble

Bitcoin briefly slipped below the $90,000 threshold after an early‑January surge toward $95,000, as U.S. spot ETF flows flipped negative following roughly $1.2 billion of inflows in the first two trading days of 2026. Analysts say the initial ETF demand was largely calendar‑driven rebalancing rather than a strong sentiment shift, with dense on‑chain resistance near prior highs and a short‑term holder cost basis around $99,000 now in focus. Despite the pullback, some market participants argue the move fits a broader structural shift and note that rising global debt still supports bitcoin’s role as a balance‑sheet asset.​

Why it matters: The brief move under $90k underlines how closely bitcoin tracks ETF flow dynamics and macro sentiment, while putting key technical and on‑chain levels on the radar for anyone gauging whether this is simple consolidation or the start of a deeper correction​

Source: Bitcoin Drops Under $90,000 as Early 2026 Rally Loses Steam, CoinMarketCap Academy

Dow Jones taps Polymarket to bring prediction odds into mainstream finance media

Polymarket and Dow Jones have formed an exclusive partnership to bring Polymarket’s real‑time prediction market data to consumer platforms like The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. New data modules and features, including an earnings calendar, will surface market‑implied probabilities on economic, political and corporate events, combining traditional journalism with the crowd’s live expectation​

Why it matters: Prediction market pricing is being pulled directly into mainstream financial media, which could normalize these markets as a signal source for investors, policymakers and the broader public in the same way that bond yields and volatility indices are today.​

Source: Polymarket and Dow Jones, Publisher of The Wall Street Journal, Announce Exclusive Prediction Market Partnership, Dow Jones press release

Blockworks goes all-in on on-chain data with Dune

Blockworks says its website is evolving from a news destination into “the home of onchain data,” aiming to become the most comprehensive data company in crypto in 2026. A Dune case study shows how the newsroom builds coverage directly on top of Dune’s on‑chain data warehouse and dashboards, using live metrics on flows, token distributions and protocol activity to power recurring data features across news, research and newsletters. The setup lets editorial teams wire structured on‑chain analytics into daily workflows for story discovery, evidence and visualizations, turning the site into a data product as much as a publication.

Why it matters: Blockworks’ shift, documented on Dune’s platform, offers a concrete template for how crypto media can become data‑native and demonstrates how tools like Dune can sit at the core of both journalism and analytics—an approach Nordic outlets like Kaupr can adapt to bring deeper, on‑chain‑driven coverage to the regional future‑of‑finance ecosystem.​

Source: Dune – Blockworks case study and Blockworks 2026 repositioning

Fireblocks buys TRES in $130M crypto accounting bet

Blockchain infrastructure firm Fireblocks is acquiring crypto accounting platform TRES Finance in a cash‑and‑equity deal worth around $130 million. The move, following its October purchase of wallet startup Dynamic for about $90 million, pushes Fireblocks beyond custody into broader treasury tooling for CFOs and finance teams. TRES, founded in 2022, helps companies monitor and reconcile crypto across multiple platforms and wallets, and the acquisition comes amid a sharp rise in crypto M&A as larger players prepare for a more regulated, institution‑driven market.​

Why it matters: Fireblocks is moving to own the full crypto treasury stack, signaling that institutional‑grade accounting, reporting and compliance are becoming must‑have infrastructure for serious digital‑asset businesses in 2026.​

Source: Fireblocks acquires crypto accounting platform TRES Finance for $130 million, Fortune​

Florida revives push to hold bitcoin as a state reserve

Florida lawmakers have reintroduced a bill to create a Strategic Cryptocurrency Reserve Fund that would let the state’s chief financial officer invest public money in digital assets under strict guardrails. House Bill 1039 narrows earlier proposals by treating bitcoin as a reserve‑style asset, placing the fund outside the main treasury with audits and reporting, and limiting eligibility to assets with a 24‑month average market cap above $500 billion—effectively bitcoin only—subject to companion Senate bills and a conditional start date of July 1, 2026.​

Why it matters: If approved, Florida would become one of the largest U.S. states to treat bitcoin as a reserve‑class asset, reinforcing the “digital gold” narrative and potentially encouraging other jurisdictions—and institutional investors watching them—to reconsider bitcoin as a macro hedge rather than a niche trade.

Source: Florida Revives Bitcoin Reserve Push With New 2026 Bill, Bitcoin Magazine

MSCI confirms index status for Bitcoin treasury firms

​MSCI has decided not to implement its proposed exclusion of Digital Asset Treasury Companies in the February 2026 Index Review, meaning these firms remain eligible if they meet standard criteria. H100 Group AB, included in the MSCI Global Micro Cap Index since 26 August 2025, says the decision gives clarity on its index status and supports continued institutional visibility for its strategy as a health‑tech company with an active Bitcoin Treasury approach.​

Why it matters: By keeping Bitcoin‑treasury companies inside core MSCI benchmarks, one of the most influential index providers signals that Bitcoin‑integrated balance sheets remain part of the mainstream investable universe, a key signal for global and Nordic institutions screening for exposure.​

Source: MSCI Confirms Continued Index Inclusion for Digital Asset Treasury Companies, Press release from H100 Group AB​

What to watch out for

Traders are watching a pending U.S. Supreme Court ruling tied to Trump‑era tariffs, with BTC holding near $91k as markets wait for clarity on trade and growth implications. Prediction markets (including Polymarket) are actively pricing near‑term bitcoin ranges, with 90–92k bands carrying the highest odds on dedicated markets, directly echoing today’s tape. At the same time, structural moves—from MSCI’s decision to keep Bitcoin‑treasury companies in key indexes to Nordic products like Virtune’s crypto top‑10 ETP rebalancing—are quietly shaping how regulated capital can access crypto exposure.​

Why it matters: Policy risk, market expectations and index/product design are colliding in real time, giving builders, treasurers and allocators a live test of how bitcoin trades when legal headlines, prediction odds and benchmark decisions all pull on the same asset at once.

Thanks for reading - enjoy your weekend!

Thank you for reading and for being part of the Nordic future‑of‑finance community. If this edition was useful, forward it to a colleague or reply with tips, questions or stories that should be on the radar for upcoming briefs — enjoy the weekend, and welcome back to Kaupr Today on Monday.

Best regards
Morten Myrstad
Founder & Editor