Live operation · Since January 2025 · Towards 2030

The Sovereign
Wealth Stack.
Documented.

One operator. One Bitcoin treasury. Every decision recorded in full, with complete reasoning, from January 2025 through to 2030. The institutional treasury playbook made transparent for individuals.

BTC held
0.16404 ₿
since Jan 2025
Cost basis
$80,466
avg per BTC
DCA signal
loading…
Cycle day
786
post Apr 2024 halving
LATEST Issue 06: Strategy resumes buying as another treasury company is forced to sell — plus the debasement trade, Jackson Hole, and Trump's ultimatum to the Fed Read the issue →
Scroll to explore the operation

The founder
"I exited Bitcoin in early 2015 during the market sell-off. That single decision cost me participation in one of the most significant appreciation periods in Bitcoin's history. This framework is built on that lesson."

My name is Michael Whitehorn. I am a 30-plus year veteran of sales, marketing and finance with a background spanning international high-tech electronics, semiconductor distribution, IT solutions, datacentres and financial services. I currently coach individuals in digital asset education through Digital Wealth Group in Perth, Western Australia.

I first discovered Bitcoin in late 2013, not from a social media feed but from a genuine fascination with the underlying technology. Specifically the encryption algorithms and the proof-of-work mining mechanism. That technical curiosity very quickly gave way to something more fundamental: the recognition that peer-to-peer electronic cash, the ability to transact directly with anyone in the world without a trusted intermediary, was a genuinely differentiated value proposition unlike anything that had existed before.

By early 2014 I was running Bitmain S1 ASIC miners. By mid-2014 I was collaborating with European crypto exchange CEX.io. I was in the operational infrastructure of Bitcoin before most Australians had encountered the word blockchain.

Then the correction came. Bitcoin peaked near $1,100 in late 2013 and fell through all of 2014. By early 2015 I exited my positions near the cycle bottom, and watched from the sidelines as Bitcoin recovered to $20,000 by December 2017. I had no framework for conviction. No understanding of cycle dynamics. No structured methodology for holding through a correction. The decision to exit was not irrational given what was knowable at the time. It became costly only in hindsight, when the cyclical structure became undeniable. In 2014 the four-year halving cycle had only one completed data point. The pattern was not yet legible. It is entirely legible now.

In mid-2017 I re-entered the space properly, this time collaborating with Perth datacentre company DC Two to establish crypto mining facilities in Australia, and co-founding DCoin, an AUSTRAC-registered digital currency exchange, where I served as Compliance Officer. By late 2019 I had joined Digital Wealth Group as a coach, spending the years since helping individuals understand and navigate digital assets, watching the four-year cycle pattern confirm itself across multiple halvings, watching the institutional adoption narrative build with Strategy, Metaplanet, TwentyOne Capital and Strive, and watching one gap remain persistently unfilled. The corporate treasury playbook existed. The individual equivalent did not.

In January 2025, when the regulatory environment shifted decisively and the structural case for individual Bitcoin treasury operations became undeniable, I built it.

What you are reading is the result. A complete, transparent, publicly documented Bitcoin treasury operation. Not financial advice. Not a fund. One operator's real journey, starting from a $500 per month DCA, deliberately chosen because it is an amount that is meaningful but accessible to ordinary people who are serious about building long-term financial sovereignty, documented in full, towards 2030.

Michael Whitehorn, mybitcointreasury.finance
Late 2013
Discovery Found Bitcoin through the technology, encryption algorithms, proof-of-work mining. Quickly understood the peer-to-peer electronic cash thesis. No trusted intermediary. Genuinely differentiated.
Early 2014
Bitmain S1 mining operation Running ASIC miners. Operational in the Bitcoin infrastructure before most Australians had heard the word blockchain.
Mid 2014
CEX.io collaboration Working with European crypto exchange CEX.io. Deep in the operational layer of early Bitcoin infrastructure.
Early 2015
The costly exit No framework for conviction. Exited near the cycle bottom. Watched Bitcoin recover to $20,000 in 2017 from the sidelines. The lesson that built this framework.
Mid 2017
Re-entry, DC Two, and DCoin Re-entered properly. Collaborated with Perth datacentre company DC Two to establish crypto mining facilities in Australia. Co-founded DCoin, an AUSTRAC-registered exchange, serving as Compliance Officer.
Late 2019
Digital Wealth Group Joined DWG as a coach. Began helping individuals navigate digital assets professionally. Watched the four-year cycle pattern confirm itself across multiple halvings.
Jan 2025
Operation begins US regulatory pivot. Trump executive order on digital assets. Gary Gensler exits SEC. The individual treasury playbook is built.
Oct 2025
Cycle peak: $126,198 The operation holds through the ATH. No sell. The 2015 lesson applied in reverse. Framework holds at the hardest moment.
Feb 2026
Correction low: ~$62,000 DCA continues through the deepest correction. The framework that didn't exist in 2015 holds in 2026. Every decision documented.
Jun 2026
Goes live Documented backtest becomes publicly accountable live operation. mybitcointreasury.finance launches.
→ 2030
The destination Next halving Apr 2028. Projected cycle peak 2029–2030. Every decision between now and then: documented.

Why January 2025

The structural shift that made this operation necessary

January 2025 was not an arbitrary starting point. It was the month when the operating environment for Bitcoin treasury management changed fundamentally and permanently. Three converging developments made individual Bitcoin treasury operations more structurally viable than at any prior point in Bitcoin's history.

January 20, 2025
The SEC pivot
Gary Gensler exits on inauguration day. A crypto-friendly chair is installed on day one. Pending enforcement actions are paused. Years of regulatory headwind reverse direction in a single day, the signal that institutional capital had been waiting for.
January 23, 2025
Executive order on digital assets
Trump signs an executive order establishing the administration's policy to support the responsible growth and use of digital assets across all sectors of the economy. The first time a US administration has explicitly endorsed Bitcoin at the policy level.
March 6, 2025
US Strategic Bitcoin Reserve
Executive order establishing a Strategic Bitcoin Reserve with approximately 200,000 BTC as a national store of value. The US government, for the first time in history, officially treats Bitcoin as a reserve asset. The institutional playbook is now sovereign-endorsed.

Operation status

Live tracking since Jun 2026 BTC price loading…
BTC held
0.16404 ₿
in self-custody
Total invested
$13,200
DCA since January 2025
Current value
loading…
Avg cost basis
$80,466
per BTC
Power law zone
loading…
Jun 2026, live from here Backtest history: Jan 2025 → May 2026 · Live operation: Jun 2026 →
Real BTC held over time, plus a shaded projected range through 2030 — derived from the DCA framework's own rules and the power law corridor shown on the Power Law tab, not a single price forecast. Illustrative only, not revised once published.
Live power law reference: mNAV · Bitcoin power law chart
Halving cycle phase
Day –
Loading current cycle position… The operation executes on the 15th of each month. Bitcoin trades 24/7, 365 days a year. That is a feature, not a footnote.
DCA signal multiplier
Loading current power law position…
Next key milestone
Apr 2028
5th halving. This is the next structural inflection point. The operation will document every DCA purchase, every decision, and every outside influence between now and that date.
What does the framework say about current conditions? Price moved within 8% of the calculated power law floor for the first time since the operation began in June 2026 — a notable condition the three-tier multiplier system weights more heavily than a standard lower-zone reading: 2.8x rather than the usual 1.5-2.0x range. That condition has now held for three consecutive monthly executions. The framework does not predict how long the floor zone will hold, it simply weights the DCA more heavily while price sits there. The operators manual documents the full three-tier power law framework and the treasury actions framework for operators who are ready to go beyond accumulation.

Decision log

Every decision. Full reasoning.

Backtest documented from January 2025. Live and publicly accountable from June 2026. Click any entry to read the complete reasoning behind the decision. Backtest entries use representative mid-month prices. Live entries record actual execution date and price.

Strategy: Moderate
Entries: 13 documented + live
Execution: 15th each month · 24/7
Date / Price
Type
Decision and Reasoning
Impact
Subscriber access
Read the full reasoning behind every decision
Free visitors see the decision headline. Subscribers read the complete thinking — the framework applied, the outside conditions considered, what the operation was watching, and what comes next. Every entry, back to January 2025 — with new entries added every fortnight as the operation continues.
Get the manual free first

The concept

The Sovereign Wealth Stack

Acquire Bitcoin systematically. Hold it in self-custody. Apply treasury actions to build and preserve value over time. Exit to the real world only when deliberately chosen. The stack is never sold on impulse. The Bitcoin holding grows. That is the strategy.

Acquisition
and self-custody
Treasury actions
Real world
deliberate exit only
Stack never sold. Value extracted without disposal. Bitcoin grows.
Phase 1: Foundation
Exchange setup, first BTC purchase, basic security. Completed Jan 2025.
Complete
Phase 2: Accumulation
DCA strategy live, cost basis tracking, hardware wallet research. Running since Jan 2025.
Ongoing
Phase 3: Custody
Hardware wallet setup, stack migrated to self-custody, succession plan in place. Completed Apr 2026.
Complete
4
Phase 4: Utilisation
Treasury actions: disciplined deployment of accumulated stack, active position management, and income or growth strategy. Currently in planning phase.
In progress
5
Phase 5: Sovereign Wealth Stack
Full treasury operations active. Sovereign Wealth Stack operational. Real world access on operator terms. Target: 2028–2030.
Towards 2030

The fortnightly newsletter

Every two weeks. Documented. Reasoned.

Subscribers receive a fortnightly newsletter that connects what the operation did in the past two weeks to the broader conditions that shaped those decisions. Not a price prediction. Not a trading signal. A documented account of one operator's Bitcoin treasury thinking in the context of the world around it.

Each issue is written from the operation's perspective — what happened, what the frameworks said, what outside conditions were relevant, and what is being watched going forward. The same intellectual honesty that runs through the decision log, delivered directly to your inbox every fortnight.

The Fortnightly · Issue 06
Week ending 5 September 2026 · Bitcoin treasury operations · mybitcointreasury.finance
No scheduled DCA fell within this period — the next execution, 15 September, will be covered in Issue 07. Worth noting now: price has moved clear of the 8% power law floor band for the first time since May, sitting 27.3% above the calculated floor. The floor-zone adjustment is not active, but the Post-Peak Correction Cycle Phase multiplier (2.0×) remains active as a calendar trigger regardless — the 15 September execution is on track to run at 2.0× alone, the first month since May with only one of the two triggers active.
A strong recovery period: price opened near $77,000 and peaked around $82,000 by 3 September, encountering resistance not seen since the April-May run faltered. August — historically one of Bitcoin's weakest months — delivered a gain of roughly 25%, its best performance for that month since 2017, with price holding solidly above the 200-day moving average throughout.
Strategy resumed buying after a 10-week pause while Nakamoto Holdings was forced to sell — the same capital-structure mechanism in opposite directions. Separately, a Treasury buyback expansion, a fresh M2 record, and Bitcoin's highest gold-correlation reading since 2020 point the same way, alongside a hawkish Fed, a blowout jobs report, and an unprecedented presidential ultimatum to the Fed chair.
Three genuinely significant events now converge on the same 48 hours: this operation's next DCA execution, the first Senate procedural vote on the CLARITY Act, and the FOMC's rate decision — all landing 15-16 September. Issue 07 will report what actually happened on each, not what was expected going in.
Macro and cycle sections available to subscribers.
Subscribe
Every fortnight, directly to your inbox
Subscribers receive the full newsletter with all four sections, the complete decision log reasoning, and early notification of upcoming decision points. It is a documented Bitcoin treasury operation delivered as a fortnightly read, growing with every issue. Straightforward, honest, and grounded in a decade of direct experience in the space.
Get the manual free first


External context

Independent frameworks. Converging conclusions.

Five independent voices, institutional research, mathematical physics, the corporate treasury playbook, an experienced individual investor, and the US government itself, are arriving at broadly similar conclusions about Bitcoin's long-term trajectory. This convergence is the context in which this operation runs. It is not a guarantee of any outcome.

ARK Invest · Big Ideas 2026
$750k
"Bitcoin is maturing as the leader of a new institutional asset class."
ARK's 2026 report projects a Bitcoin market cap of approximately $16 trillion by 2030, implying a base case of ~$750,000 per BTC. Bull case: $1.2 million. Bear case: $500,000. Driven by institutional adoption, digital gold narrative, and generational wealth transfer. Source: ARK Big Ideas 2026.
Giovanni Santostasi · Power Law Theory
$1M
"Bitcoin's price reflects the deterministic mathematical consequences of its network topology."
The same power law framework that drives the DCA signal engine on this site projects ~$1 million per BTC within approximately 8 years with 90% stated confidence. Source: giovannisantostasi.medium.com
Michael Saylor · Strategy
Digital capital
"Just keep buying Bitcoin with your spare capital. It's going to appreciate against the dollar forever."
Strategy is the institutional proof of concept for this operation's individual equivalent. Saylor's documented accumulation through every correction and refusal to sell through 50%+ drawdowns mirror the framework documented here, at institutional scale. Source: Digital Asset Summit 2026.
Mark Moss · Perpetual Bitcoin Machine
$1M by 2030
"Most Bitcoiners are still operating with a fiat mindset, and will quietly lose the wealth game even with Bitcoin in cold storage."
A 25-year investor and Chief Bitcoin Strategist of Satsuma Technology, Mark Moss presented the Perpetual Bitcoin Machine framework at Bitcoin Vegas 2026, arguing for a personal treasury built to compound across generations. He quantifies Bitcoin's liquidity sensitivity at roughly 8.95x that of gold. Source: Bitcoin Magazine, Bitcoin Vegas 2026.
Scott Bessent · US Treasury Secretary
Deliberate speed
"We are proceeding with all deliberate speed, and we are making sure we use best practices and things will be durable for the future."
Testifying before the Senate Finance Committee on 3 June 2026, Bessent confirmed the US Strategic Bitcoin Reserve, holding an estimated $15 to $20 billion in BTC, continues to be built out under Executive Order 14233. No open-market purchases are planned, the reserve grows only through law-enforcement forfeiture, and Bessent urged passage of the CLARITY Act before the August 2026 recess. Source: Senate Finance Committee testimony, 3 June 2026.
Bitcoin halving cycle · Historical data
2029-30
"The 5th halving in April 2028 sets the clock for the next cycle peak."
Four completed halving cycles. Each followed the same broad pattern: supply shock, 12 to 18 month appreciation phase, ATH, correction. The 5th halving in April 2028 places the projected next cycle peak in 2029-2030, consistent with where the institutional, individual, and mathematical frameworks point. Source: charts.bitbo.io/halving-progress
These are independent analytical views presented as educational context. MyBitcoinTreasury does not endorse any specific price target. The operation runs according to its documented methodology regardless of market outcomes. Nothing on this site constitutes financial advice. All forecasts carry the real possibility of being materially wrong.

Specialist resources

Where this operation refers out

This operation documents accumulation, custody, and treasury strategy. It does not provide mortgage broking, tax advice, or succession planning. Where those gaps appear, the framework points to licensed specialists rather than attempting to fill the gap itself. These are professional referrals, not platform partnerships. New specialist resources are introduced through The Fortnightly as they are identified and vetted, then added here for ongoing reference.

The On Chain Advisory Group
Mortgage & Tax
"Buying property without selling crypto."
The gap: A Bitcoin holder approaching a property purchase or a tax structuring decision needs licensed advice this operation cannot give. Who they are: Mortgage On Chain and Tax On Chain, together as The On Chain Advisory Group, are Australian, AFCA-member, crypto-aware mortgage broking and tax accounting specialists with over $1.5 billion in loans facilitated and partnerships across 80-plus lenders. How to engage: mortgageonchain.com.au and taxonchain.com.au.
ICEplan · Bradshaw Knox
Succession
"What happens to a self-custodied stack if the operator is no longer here to manage it."
The gap: Self-custody concentrates responsibility with the operator alone. Without documented succession, a stack can become permanently inaccessible. Who they are: ICEplan, by Bradshaw Knox, provides structured succession and estate documentation specifically suited to self-custodied digital assets. How to engage: bradshawknox.com/iceplan.