The biggest story dominating Bitcoin headlines is the explosive growth of Digital Asset Treasury companies. As of September 10, 2025, over 1 million BTC - equivalent to approximately $110 billion – are parked in the so-called Digital Asset Treasuries (DAT), a record level. This represents just over 5% of the circulating supply of Bitcoin in September 2025, a fact that confirms the systemic relevance of these vehicles.

Current DAT landscape shows massive scale:

• According to CoinGecko data, 104 Bitcoin treasury companies hold a combined 1,013,608 BTC worth $115.5 billion
• Holdings: over 1M BTC (≈ $110B), 4.9M ETH (≈ $21.3B) and 8.9M SOL (≈ $1.8B) Bitcoin 2025,
• The top Digital Asset Treasury firms command a combined $133.45 billion in crypto

Valour's Historic Bitcoin Staking ETP Launch on London Stock Exchange

The most significant product launch comes from Valour Digital Securities: Valour Digital Securities Limited (together, "Valour"), a leading issuer of exchange traded products ("ETPs"), has launched the world's first physically-backed Bitcoin Staking exchange traded product (ETP) powered by Core, 1Valour Bitcoin Physical Staking (1VBS), on the London Stock Exchange (LSE) Main Market

Key features of this groundbreaking product:

• The product is powered by Core’s Timelock Bitcoin staking mechanism, offers a 1.4% annual yield and is backed 1:1 by bitcoin in custody with Copper
• Yield is generated through a staking process that uses the Core Chain's Satoshi Plus consensus mechanism
• Rewards earned in CORE tokens are converted into bitcoin and added to the ETP's holdings
• Access is limited to professional and institutional investors; the FCA has said retail access to certain crypto ETNs will begin Oct. 8

Bitcoin's September Performance Defying Seasonality

Despite DAT headwinds, Bitcoin itself continues strong: Bitcoin is bucking seasonality trends by adding 8%, making this September its best since 2012. Unlike previous bull markets, BTC price volatility has died off in 2025, against the expectations of longtime market participants

BTCfi Infrastructure Growth

Bitcoin DeFi continues expanding: Bitcoin DeFi total value locked rose from about $300 million on Jan 1, 2024 to over $7 billion by mid-2025, a roughly 22x increase. This is driven by the emergence of transparent, widely available on-chain yield generation for BTC

Historic 98% Bitcoin blocks delegated to Core

Earlier this week, Core achieved a long aspired milestone with 98% of Bitcoin's total mining hashpower delegating to the network in a single day. This record demonstrates overwhelming miner confidence in Core's infrastructure and the growing alignment between Bitcoin mining and BTCfi opportunities.

CORE Staking Increases 50% YTD

Token Relations reports total CORE token staked on Core has increased by 50% to 241.28M so far this year. This growth underscores Core's role in the BTCfi ecosystem, establishing a foundation for lstBTC and institutional adoption.

Ledger integration that enables BTC timelocking and CORE staking (~5% APY) from hardware wallets, expanding secure access for users.

Core Connect Buildathon Reaches Finals

From 200+ submissions and 700+ builders worldwide to 13 semi-finalists, now the Top 5 Finalists have been announced for the Grand Finale at TOKEN2049 Singapore:

• Agent Daredevil (AI)
• BitMax (BTCFi/DeFi)
• CorepilotHQ (BTCFi/DeFi)
• LiquidSat (BTCFi/DeFi)
• Orange Terminal (AI)

The teams will present to a panel of judges from Core, Core Ventures, Garden Finance, and Everest Group.

Portco highlights

• b14g WBTC Vault: ~8.7% APY: New vault offers auto-compounding Bitcoin yield with no impermanent loss risk, 1-day unbonding, and no lockup periods.

The combination of Bitcoin DATs, institutional-grade yield products like Valour's LSE-listed ETP, and continued BTCfi infrastructure growth suggests Bitcoin is entering a new phase of institutional maturation, with both opportunities and risks as the market structure evolves.

If you’re a founder building on this Bitcoin flywheel – be it stablecoins, yield engines, or bridges between Bitcoin and traditional finance – we want to hear from you. And if you’re an investor bullish on the Bitcoin economy’s next chapter, let’s connect.

Reach out to us at investments@coredao.org.

Disclaimer: This article is for informational purposes only and does not constitute financial, legal, or investment advice.