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Provider fees come first; above the annual threshold, excess net staking income is split 40% to Hashdex and 60% to the trust.
Liam 'Akiba' Wright 2 min read 
Phase II handovers are expected to begin in 2027 as the project company takes on fixed cash costs.
Issuer, chain, custody, redemption, market and launch choices will determine whether Wallet becomes a native transaction route or a narrower integration.
The Q2 mark cut GAAP earnings by $87 million after tax, while Tesla added the full pretax loss back to adjusted EBITDA.
Across its first five buybacks, B HODL added 24% more gross Bitcoin per share for every pound spent than a direct BTC purchase would have.
Crypto.com and Kraken are pursuing the same tokenized-market expansion, while only one has disclosed Citadel’s operational role.
The chain reports 16% July sales growth, but without BTC payment share its merchant model cannot be measured.
Its June OCC approval outlines a trust bank that could consolidate key crypto functions, while outside venues and infrastructure remain essential.
The OCC has conditionally approved a proposed Sony Bank trust, while games, the PlayStation Store and a consumer launch remain unannounced.
