State of the Bitcoin float: about 6.1M BTC is realistically left to buy.
ETFs and treasuries keep absorbing more bitcoin than miners create, and the next halving cuts new supply again.
How much is left, live: galaxymind.space/float
Galaxy Mind
_@galaxymind.space
npub1za8d...7w2f
Find bitcoin vendors
Galaxy Mind featured Bitcoin merchants:
→ Onyx Cat Pottery · collectibles & 3d
Handmade pottery: wheel-thrown plus hand- and slab-built functional pieces
→ SweetSats · consumables
Pure, raw honey traded for Bitcoin · US producer.
→ Kidwarp · consumables
Vanilla paste from Kidwarp's Vanilla Shop · small US producer.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
Onyx Cat Pottery · accepts Bitcoin · Galaxy Mind
Handmade pottery: wheel-thrown plus hand- and slab-built functional pieces, nine years in the craf… Based in United States. Verified by Galaxy Mi...
Galaxy Mind
SweetSats · accepts Bitcoin · Galaxy Mind
Pure, raw honey traded for Bitcoin · US producer. Based in United States. Verified by Galaxy Mind May 10.
Galaxy Mind
Kidwarp · accepts Bitcoin · Galaxy Mind
Vanilla paste from Kidwarp's Vanilla Shop · small US producer. US shipping only. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
Three vendors taking Bitcoin for real goods:
→ Yojimble · consumables
Small-batch foraged jam from Northampton, England · stacking sats with jam
→ Poppy · apparel
Bitcoin merch and apparel from New Zealand.
→ SlingshotVPN · services
Privacy-focused VPN. Hides your ISP-visible IP address and encrypts your traffic.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
Yojimble · accepts Bitcoin · Galaxy Mind
Small-batch foraged jam from Northampton, England · stacking sats with jam. Worldwide shipping. Based in United Kingdom. Verified by Galaxy Mind M...
Galaxy Mind
Poppy · accepts Bitcoin · Galaxy Mind
Bitcoin merch and apparel from New Zealand. Based in New Zealand. Verified by Galaxy Mind May 10.
Galaxy Mind
SlingshotVPN · accepts Bitcoin · Galaxy Mind
Privacy-focused VPN. Hides your ISP-visible IP address and encrypts your internet traffic. Based in United States. Verified by Galaxy Mind May 12.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
I don’t care if I’m wrong about Bitcoin.
If we fail, at least we tried to free the world from a system where a small elite prints the money the rest of us break our backs to earn.
Tell me that’s not worth fighting fo
Spend bitcoin on real things from these vendors:
→ PirateHash · books & education
Bitcoin books, posters, and collectibles · physical merch for plebs
→ 4EVR.ink · services
The permanent record of human expression on Bitcoin.
→ Trails Coffee · consumables
Specialty coffee roaster in Anmore BC · single-origin Guatemalan beans
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
PirateHash · accepts Bitcoin · Galaxy Mind
Bitcoin books, posters, and collectibles · physical merch for plebs who like things tactile. Based in United States. Verified by Galaxy Mind May 28.
Galaxy Mind
4EVR.ink · accepts Bitcoin · Galaxy Mind
The permanent record of human expression on Bitcoin. Declarations, scripture, and memorials inscri… Based in United States. Verified by Galaxy Mi...
Galaxy Mind
Trails Coffee · accepts Bitcoin · Galaxy Mind
Specialty coffee roaster in Anmore BC · single-origin Guatemalan, the Buntzen Blend, monthly subscription… Based in Canada. Verified by Galaxy M...
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
Real-goods Bitcoin vendors worth knowing about:
→ AU9913 · consumables
Lamb, pork, animal-based deodorant, honey, and soap from the USA
→ NoWasteBTCSigns · collectibles & 3d
Handmade bitcoin signs and decor with an environmental focus
→ Small Batch Steve · consumables
Small-batch home-style BBQ seasoning blend, made in North Texas.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
AU9913 · accepts Bitcoin · Galaxy Mind
Lamb, pork, animal-based deodorant, honey, and soap from a US regenerative homestead. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
NoWasteBTCSigns · accepts Bitcoin · Galaxy Mind
Handmade bitcoin signs and decor with an environmental focus · sustainable materials, low-waste pro… Based in United States. Verified by Galaxy ...
Galaxy Mind
Small Batch Steve · accepts Bitcoin · Galaxy Mind
Small-batch home-style BBQ seasoning blend, made in North Texas. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
This week's Bitcoin merchant spotlight on Galaxy Mind:
→ Satoshi Coffee Co. · consumables
Specialty coffee beans, paid for on-chain or Lightning at sats.coffee.
→ Oshi · consumables
Artisan butters, date bars, and chocolates.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
Satoshi Coffee Co. · accepts Bitcoin · Galaxy Mind
Specialty coffee beans, paid for on-chain or Lightning at sats.coffee. Based in United States. Verified by Galaxy Mind May 10.
Galaxy Mind
Oshi · accepts Bitcoin · Galaxy Mind
Artisan butters, date bars, and chocolates. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
Galaxy Mind featured Bitcoin merchants:
→ GoldfishThumb1 · collectibles & 3d
Custom hand-engraved dive-style watches (one-off pieces)
→ The Bullish ₿itcoiner · apparel
Bitcoin and Nostr apparel and merch.
→ Permanerd · consumables
Freeze-dried fruits and herbs · the Sats 4 Snacks homestead operation.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
GoldfishThumb1 · accepts Bitcoin · Galaxy Mind
Custom hand-engraved dive-style watches (one-off pieces), plus pencil, pen, and paint artwork. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
The Bullish ₿itcoiner · accepts Bitcoin · Galaxy Mind
Bitcoin and Nostr apparel and merch. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Permanerd · accepts Bitcoin · Galaxy Mind
Freeze-dried fruits and herbs · the Sats 4 Snacks homestead operation. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
More than half of all bitcoin is underwater right now. For people who spend, that is not bad news, it is a tax break.
Spend and replace, the version with HIFO: pay a merchant in bitcoin and pick your highest-cost-basis lots, the ones most underwater. You realize a capital loss on the dip. Then you rebuy the same amount with fiat, so your stack ends the day exactly where it started.
That loss is real and usable. In the US it offsets other capital gains, plus up to $3,000 of ordinary income a year, with the rest carried forward. And because you actually spent the bitcoin on a good or service, the disposal has clear economic substance · this is not a sham sell-and-rebuy. Crypto is not currently subject to the wash-sale rule either, so you can replace the coins immediately.
So in a down market, spend and replace does not just let you use bitcoin without shrinking your stack. It can actively lower your tax bill.
Not tax advice, and US-centric · rules vary by country and can change. The full breakdown:
#Bitcoin #Nostr
Galaxy Mind
Spend and Replace: Keep Your Bitcoin Stack
You do not have to choose between HODLing and spending. Spend bitcoin, rebuy the same amount with fiat, grow the circular economy. Your stack stays...
"I'll never sell my bitcoin." Fine. You don't have to.
Spend and replace: pay a merchant in bitcoin, then immediately rebuy the same amount with fiat. Your stack ends the day exactly where it started. The difference is bitcoin actually moved, and the circular economy grew by one more transaction.
Here's the part most people miss. Pure hoarding is rational for you alone · Gresham's law, spend the bad money and keep the good. But if everyone hoards and no one spends, bitcoin never becomes money. The thing that's smart for one holder is self-defeating for all of us. Spend and replace is how you escape that without touching your position.
It already works. Bitcoin Beach in El Zonte. Bitcoin Ekasi in South Africa. Whole local economies running on it.
And the rails just got bigger. In 2026 Square auto-enabled bitcoin payments over Lightning for roughly 800,000 US sellers. Opt-out, zero processing fees through 2026, dollars settled by default. The customer flips a toggle or scans a QR. Plenty of shops now take bitcoin and don't even know it. Ask at the till.
Spend, replace, repeat:
More ways to help it grow: 
#Bitcoin #Nostr
Galaxy Mind
Spend and Replace: Keep Your Bitcoin Stack
You do not have to choose between HODLing and spending. Spend bitcoin, rebuy the same amount with fiat, grow the circular economy. Your stack stays...
Galaxy Mind
How to Help Grow Bitcoin
Concrete, no-permission-needed ways to grow bitcoin: spend and replace, onboard merchants, self-custody, run a node, use Lightning, orange-pill.
Bitcoin merchants accepting BTC for actual things:
→ BtcPins · collectibles & 3d
Bitcoin enamel pins, stickers, apparel and accessories · priced in sats
→ Beejay · consumables
Low-sugar jerky made from ground beef, bison, elk, and chicken.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
BtcPins · accepts Bitcoin · Galaxy Mind
Bitcoin enamel pins, stickers, apparel and accessories · priced in sats, Bitcoin-only checkout via… Based in United States. Verified by Galaxy M...
Galaxy Mind
Beejay · accepts Bitcoin · Galaxy Mind
Low-sugar jerky made from ground beef, bison, elk, and chicken. Based in United States. Verified by Galaxy Mind May 11.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
This is your daily reminder to try to make purchases in bitcoin and then immediately replace your bitcoin.
It helps grow the circular bitcoin economy.
Galaxy Mind featured Bitcoin merchants:
→ SweetSats · consumables
Pure, raw honey traded for Bitcoin · US producer.
→ Onyx Cat Pottery · collectibles & 3d
Handmade pottery: wheel-thrown plus hand- and slab-built functional pieces
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
SweetSats · accepts Bitcoin · Galaxy Mind
Pure, raw honey traded for Bitcoin · US producer. Based in United States. Verified by Galaxy Mind May 10.
Galaxy Mind
Onyx Cat Pottery · accepts Bitcoin · Galaxy Mind
Handmade pottery: wheel-thrown plus hand- and slab-built functional pieces, nine years in the craf… Based in United States. Verified by Galaxy Mi...
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
People are sleeping on @twentyone and $XXI
Not only are they the second largest corporate holder of Bitcoin and trading at a discount to mNAV, but they also have an income-producing business in @Strike (which just got Plaid integration btw…)
Keep sleeping on @jackmallers if you want, but what I see is a young man who has been a Bitcoiner longer than most of us. He catches strays all the time because he’s unafraid to ask the hard questions. I see a guy who will never quit.
I’m stacking $XXI at these $6 levels all day.
Full thesis + live mNAV tracker:
Galaxy Mind
XXI (Twenty One Capital) Bitcoin Treasury · Galaxy Mind
Live XXI mNAV and CEBE net-of-claims analysis for Twenty One Capital, the Tether-controlled, Cantor-backed bitcoin-native treasury led by Jack Mall...
Two vendors taking Bitcoin for real goods:
→ SlingshotVPN · services
Privacy-focused VPN. Hides your ISP-visible IP address and encrypts your net
→ Kidwarp · consumables
Vanilla paste from Kidwarp's Vanilla Shop · small US producer. US shipping only.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
SlingshotVPN · accepts Bitcoin · Galaxy Mind
Privacy-focused VPN. Hides your ISP-visible IP address and encrypts your internet traffic. Based in United States. Verified by Galaxy Mind May 12.
Galaxy Mind
Kidwarp · accepts Bitcoin · Galaxy Mind
Vanilla paste from Kidwarp's Vanilla Shop · small US producer. US shipping only. Based in United States. Verified by Galaxy Mind May 8.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
mNAV was the most-argued number at BTC Prague 2026. The fight comes down to one thing: gross vs net.
The headline mNAV every tracker quotes is GROSS · market cap ÷ the bitcoin held. It ignores the debt and preferred stock that sit ahead of common shareholders. Strategy is the clearest case: ~0.8x on gross mNAV (looks like a discount) flips to ~1.2x once you subtract its ~$18.5B of convertibles + preferred. The "discount" was leverage hiding in plain sight.
So galaxymind.space/treasuries now publishes a CEBE-adjusted, net-of-senior-claims mNAV right beside the gross number. Michael Saylor frames the same split as growth (gross bitcoin-per-share) vs risk (CEBE) · we show both so you can rank on either.
Live right now:
· MSTR: gross ~0.8x → net ~1.2x (34% claims)
· XXI: ~0.7x → ~0.9x (17% claims)
· Strive (ASST): net ~1.1x (29% claims, all SATA preferred)
· Metaplanet: pending · honestly held back until its bond + preferred totals are cleanly sourceable
All sourced from filings, dated, no black box. Framework: cebetracker.io
Tagging Strategy, Twenty One Capital, Metaplanet and Strive · which mNAV do you publish?
Spend bitcoin on real things from these vendors:
→ The Trading Channel · collectibles & 3d
Free Twitch trading stream + paid TradingView/MetaTrader indicators.
→ Poppy · apparel
Bitcoin merch and apparel from New Zealand.
→ Yojimble · consumables
Small-batch foraged jam from Northampton, England · stacking sats with jam.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
The Trading Channel · accepts Bitcoin · Galaxy Mind
Free Twitch trading stream + paid TradingView/MetaTrader indicators. Based in El Salvador. Verified by Galaxy Mind May 13.
Galaxy Mind
Poppy · accepts Bitcoin · Galaxy Mind
Bitcoin merch and apparel from New Zealand. Based in New Zealand. Verified by Galaxy Mind May 10.
Galaxy Mind
Yojimble · accepts Bitcoin · Galaxy Mind
Small-batch foraged jam from Northampton, England · stacking sats with jam. Worldwide shipping. Based in United Kingdom. Verified by Galaxy Mind M...
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
Shipped a round of updates to Galaxy Mind · free Bitcoin tools, no signup, at galaxymind.space
· /float is rebuilt as a living 21M hourglass. Scrub from 2016 to 2036 and watch how much BTC is actually left to buy as more supply gets locked away for good.
· /fit (the allocation engine) now spreads its treasury sleeve across the cheapest companies by mNAV · MSTR plus the next-cheapest names instead of leaning on one, and it shows you exactly which it compared and why.
· /treasuries shows a 52-week mNAV percentile per ticker, so cheap vs rich is clear at a glance.
· New comparison pages: MSTR vs BTC, IBIT vs MSTR, and which treasury is cheapest right now.
· Alerts for gauge flips, treasury mNAV moves, and supply milestones.
· The whole site is now queryable by AI agents over MCP.
· 117 vendors in the spend directory, every one taking native BTC (on-chain or Lightning).
galaxymind.space
Featured Bitcoin shops on Galaxy Mind this week:
→ Trails Coffee · consumables
Specialty coffee roaster in Anmore BC · single-origin Guatemalan, the Buntzen…
→ PirateHash · books & education
Bitcoin books, posters, and collectibles · physical merch for plebs who like …
→ 4EVR.ink · services
The permanent record of human expression on Bitcoin. Declarations, scripture,…
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
Trails Coffee · accepts Bitcoin · Galaxy Mind
Specialty coffee roaster in Anmore BC · single-origin Guatemalan, the Buntzen Blend, monthly subscription… Based in Canada. Verified by Galaxy M...
Galaxy Mind
PirateHash · accepts Bitcoin · Galaxy Mind
Bitcoin books, posters, and collectibles · physical merch for plebs who like things tactile. Based in United States. Verified by Galaxy Mind May 28.
Galaxy Mind
4EVR.ink · accepts Bitcoin · Galaxy Mind
The permanent record of human expression on Bitcoin. Declarations, scripture, and memorials inscri… Based in United States. Verified by Galaxy Mi...
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.
Bitcoin merchants accepting BTC for actual things:
→ AliceA · consumables
Artisan hot chocolate spice mixes, paid for in bitcoin.
→ LTAS: let’s talk about sats · apparel
Bitcoin-coded apparel & culture, plus short-form educational content from the…
→ Bunkie Life · hardware & mining
Ready-to-build cabin kits, paid for in bitcoin.
Browse all vendors who accept BTC:
#Bitcoin #Nostr
Galaxy Mind
AliceA · accepts Bitcoin · Galaxy Mind
Artisan hot chocolate spice mixes, paid for in bitcoin. Based in United States. Verified by Galaxy Mind May 10.
Galaxy Mind
LTAS: let’s talk about sats · accepts Bitcoin · Galaxy Mind
Bitcoin-coded apparel & culture, plus short-form educational content from the founders. Based in United States. Verified by Galaxy Mind May 12.
Galaxy Mind
Bunkie Life · accepts Bitcoin · Galaxy Mind
Ready-to-build cabin kits, paid for in bitcoin. Based in United States. Verified by Galaxy Mind May 10.
Galaxy Mind
Where to Spend Bitcoin · Verified BTC Merchant Directory · Galaxy Mind
Human-verified directory of merchants that accept Bitcoin and Lightning for real goods, plus free tools: the Buying Gauge, treasury mNAVs, and float.