Crypto Investing and Decentralized Finance, Coinstack

Coinstack

Coinstack is published weekly by Ryan Allis. He was previously CEO and Co-founder of iContact and led the company from 300 employees, 70,000 customers, and $50M in annual sales and an exit for $169M. Ryan was an angel investor in SpaceX, LendingClub, Change.org, Kuli Kuli, and Catalant. Today, Ryan advises companies and governments on blockchain-related projects and is the Chairman of Hive.org, a global community of 3,500 purpose-driven leaders from 130 countries making a positive impact in the world. Ryan holds an MBA from Harvard Business School where he was Co-President of the Harvard Social Enterprise Club and a fellow of the Harvard Graduate School Leadership Institute.

Crypto Investing and Decentralized Finance

Crypto

<ul><li>Bitcoin closed near $60,000, down 6.3% on the week and roughly 52% from the October 2025 all-time high.</li><li>May PCE printed 4.1% headline and 3.4% core on June 25, the hottest read since April 2023, triggering $1.26 billion in liquidations.</li><li>Strategy’s enterprise mNAV broke below 1.0 on June 26 for the first time, severing the equity accretion channel for its 847,363-BTC treasury.</li></ul>

Bitcoin closed near $60,000, down 6.3% on the week and roughly 52% from the October 2025 all-time high.May PCE printed 4.1% headline and 3.4% core on June 25, the hottest read since April 2023, triggering $1.26 billion in liquidations.Strategy’s enterprise mNAV broke below 1.0 on June 26 for the first time, severing the equity accretion channel for its 847,363-BTC treasury.

Bitcoin

mNAV 0.99x: The Number that Matters