GROWTH REVIEW  /  WEEK OF APRIL 14, 2026

Pauses landed. Winners are scaling. New creative surface is ready.

The ad account is healthier than it's been in six weeks. Google cleanup is working, Facebook restructure is paying off, and the Beginner sub-segment framework unlocks the next wave of tests. Plus: a new founder-led clipping program to build organic Adam Back signal.

LAST WORKFLOW RUN   2026-04-13  ·  NEXT RUN   2026-04-15
GOOGLE · 7D
$4,591
Spend
24.6
Conv
$7,344
Conv value
1.60x
Pixel ROAS
$186
CAC
GOOGLE · 30D
$12,410
Spend
117
Conv
$33,534
Conv value
2.70x
Pixel ROAS
$106
CAC
FACEBOOK · 7D
$353
Spend
19
Conv
$3,086
Conv value
8.73x
Pixel ROAS
$18.60
CAC
FACEBOOK · 30D
$6,421
Spend
51
Conv
$13,805
Conv value
2.15x
Pixel ROAS
$125.90
CAC
BLENDED · 7D
$3,715
Total ad spend
$22,980
Revenue
124
Orders
6.50x
Blended ROAS
$26.92
Blended CAC
15.4
MER

One big structural change went live at the start of last week: a four-language PMax expansion designed to replicate the pattern of SA PMax Spanish Language ads, which has been the account's strongest creative at 7.24x ROAS / $58 CAC. The first full week of data came in with the April 13 run, and the read is mixed — details below.

APR 6
Launched 4 new language-localized PMax asset groups
EU PMax > German Language ads, EU PMax > French Language ads, EU PMax > Italian Language ads, and SA PMax > Portuguese Language ads (targeting Brazil). All four use Setup framing — translated and adapted for local market copy conventions — and point to the same Jade Plus product page. The hypothesis: if localized Spanish was the SA breakout creative, localized German / French / Italian should do the same inside EU, and Portuguese should unlock Brazil the way Spanish unlocked Mexico and Argentina.
launched
READ
First-week data (April 13 impact check)
German: $262 / 1 conv / 0.42x ROAS / $262 CAC — below the critical override threshold, flagged for human review. Italian: $0 conversions. French: too early to read meaningfully. Portuguese (Brazil): SA PMax overall softened from 11.91x → 4.92x ROAS in the same window, suggesting the new variants pulled share from SA Spanish rather than adding incremental volume. Decision: watch one more week. German pause is likely at the next read if the 0.5x ROAS persists.
mixed

All seven changes below were executed live in the Google Ads account yesterday during the April 13 session. Facebook was untouched this run — the Beginner-Setup restructure from earlier runs is still playing out and doesn't need additional intervention this week.

NEW
Created asset group: US PMax > Beginner — Procrastinator
First of four new Beginner sub-persona asset groups inside Sales-Performance Max | Bid Optimized. Procrastinator framing: people who've known they should move off the exchange for weeks. Headlines anchor on concrete time ("Finally Do It. 10 Minutes.", "End the Procrastination", "Move Your BTC Off Exchange"). Stays in Setup framing — the only proven conversion trigger per the Fresh Copy A/B test.
created
NEW
Created asset group: US PMax > Beginner — Researcher
For the Overwhelmed Researcher — people stuck in comparison threads between Ledger, Trezor, and Jade. Headlines end the research loop instead of adding to it ("Done Researching? Get Jade", "Every Box Checked. $149.", "No More Browser Tabs", "Jade Wins the Comparison"). Long headlines call out Ledger fees and Trezor's missing air-gap directly.
created
NEW
Created asset group: US PMax > Beginner — Trigger Event
For buyers activated by a recent event — portfolio milestone, hack in the news, friend recommendation. They have urgency but no plan. Headlines validate the instinct and hand them the checkout path ("Own Your Keys. 10 Minutes", "Crossed $1K? Protect It", "Exchanges Aren't Safe", "Self-Custody in Minutes").
created
NEW
Created asset group: US PMax > Beginner — Gift
For recommendation and gift buyers — borrowing someone else's conviction rather than carrying their own. Headlines center on trust transfer and simplicity ("The Gift of Real Ownership", "Bitcoiners Recommend Jade", "The Wallet Friends Recommend", "Best Bitcoin Gift — $149").
created
PAUSE
Paused asset group: US PMax > Bitcoin Maximalists
Running above the $100 CAC target throughout the prior week. Paused to clear budget room for the four new Beginner sub-persona asset groups inside the same campaign. Bitcoin Maximalists framing has consistently underperformed Setup framing across both US and EU — the pattern is structural, not variance.
pause
OPTIMIZE
Lowered SA PMax tROAS: 2.25x → 2.0x
Third consecutive rolling week below 2x 7d ROAS since budget was doubled to $100/day. 30d still exceptional at 7.27x ROAS — audience quality is intact. The tROAS target was throttling bidding during the post-budget-doubling learning phase. Budget held at $100/day.
tROAS
NEGATIVE
Added "blockstream" (EXACT) as a negative to 3 Search campaigns
Stops the Search campaigns from spending on branded "blockstream" queries that would have converted organically anyway. Applied to USA Bid Optimized, USA Bid Optimized EXP2, and Canada EXP1. Aligns with the incrementality test thesis — brand terms belong to organic, not paid.
negative

We've been treating "Beginner" as one audience. In reality there are four distinct people inside that label, each in a different emotional state when they see an ad. The 8-variant Fresh Copy test proved that emotional and abstract hooks don't convert — the only Setup-framed angle (Freeze-Beginner-Setup) is carrying the account at $14 CAC.

The brief from yesterday keeps everything inside Setup framing, but fans out horizontally: each sub-segment gets its own ad copy entry point, its own landing page story structure, and its own objection resolution. This expands creative surface area without abandoning the one angle we know works.

The Procrastinator
guilty · avoidant
Has known they should move off the exchange for weeks. Doesn't need education. Needs friction removed and guilt resolved. Concrete time ("10 minutes") does the heavy lifting.
"You've been meaning to do this. Jade Plus setup takes 10 minutes. Plug in, follow the steps, done."
3 ad variants LP: /beginners-start-now first to test
The Overwhelmed Researcher
paralyzed · confused
14 browser tabs, stuck comparing Ledger, Trezor, and Jade. Needs the decision simplified — not another option to evaluate. Landing page leads with the comparison table.
"Tired of comparing hardware wallets? Open source, USB setup, works in minutes. No subscription. No closed firmware."
3 ad variants LP: /beginners-compare comparison-led
The Trigger Event Buyer
urgent · anxious
Something just happened — portfolio crossed $1K, a hack in the news, a friend told them to get serious. They have urgency but no plan. Validate the instinct, hand them the checkout.
"Your Bitcoin is worth protecting now. Jade Plus — setup in minutes, security for life."
3 ad variants LP: /beginners-protect shortest page
The Gift / Recommendation Buyer
confident · uninformed
Buying because someone they trust said to, or buying as a gift. No personal conviction yet — borrowing someone else's. Trust transfer + radical simplicity.
"Recommended by people who care about getting this right. Setup takes 10 minutes."
3 ad variants gift positioning phase 2
22
New ad variants
10
Objection-first scripts
3
Landing page briefs
2
UGC briefs ready
$300
Min test budget / variant

The Beginner audience is the clearest signal in the account right now — Freeze and Hold Beginner-Setup on FB, and the four new Beginner sub-persona asset groups on Google PMax. The next unlock isn't more paid angles. It's putting real people on camera inside the same framing, because a stranger saying "I did this in 10 minutes" will always beat a brand ad saying the same thing.

Two tracks running in parallel: Get Based (a paid UGC agency) is producing two dedicated briefs, and a ~40-creator affiliate network is standing by for a wider, lower-cost volume run. Same target, two delivery economics.

Brief 1 — "My First Hardware Wallet" (Unboxing + Setup)
beginner · 60–90s
A real person setting up a Jade Plus for the first time. The angle that's already winning on paid, but with a stranger's face on it. Target creator is a beginner-friendly crypto YouTuber or TikToker whose audience is new to self-custody — ideally not a hardware wallet expert, because the "first time doing this" frame is the whole point.
"I finally moved my Bitcoin off the exchange. Here's the part nobody tells you… it took 10 minutes."
vertical 9:16 unboxing + 10-min setup Reels / TikTok
Brief 2 — "Why I Switched" (Borrowed Credibility)
comparison · 60–90s
A creator who already owns a Ledger, Trezor, or Coldcard and recently picked up a Jade Plus. The power here is borrowed credibility — when someone who's bought every wallet says "this is the one I'd recommend to a beginner," it carries weight that a first-timer video can't. Targets the Overwhelmed Researcher sub-segment specifically.
"I've bought every single hardware wallet. This is the only one I'd recommend to a beginner."
vertical 9:16 multi-wallet compare credibility transfer

Roughly 40 affiliates have confirmed they're ready to create UGC. The brief is intentionally loose: produce beginner-oriented Jade Plus content, anchored on the Setup framing and the 10-minute proof point. Creators pick their own hook (unboxing, first-time setup, why-I-switched, gift-to-friend) — we're not art-directing them into one shape. The volume is the point. Forty creators shipping one or two clips each gives us ~50–80 variants to test inside the Beginner sub-persona asset groups, which is enough breadth to let the algorithm find the 2–3 that break out.

Why both tracks at once. Get Based produces the two high-polish hero pieces we already know are aligned to the winning angles. The affiliate network produces the volume and the unexpected variations — the kind of footage we wouldn't write into a brief ourselves. The hero pieces run inside Freeze and Hold Beginner-Setup on FB and the four new PMax asset groups on Google. The affiliate clips get tested against them.

2
Get Based briefs
~40
Affiliate creators
50–80
Expected clip volume
Beginner
Single angle
Setup + 10 min
Required proof point

The problem the tests are solving. Platform-reported ROAS is unreliable. Facebook claims 63 purchases on a recent window — Triple Whale can only attribute 28. Google Search converts exclusively on brand terms ("blockstream jade", "jade plus") — people who would likely click the organic result if the ad weren't there. And the post-purchase survey shows 60% of orders come from buyers with zero paid touchpoints. We don't know what's actually incremental until we turn things off and measure what happens to total Shopify orders.

The approach. Three sequential tests, each isolating one variable. The primary metric for every test is Shopify orders per day — not platform conversions, not pixel ROAS, not clicks. Baseline: 16.7 orders/day, $201 AOV, 85% new customer share, $19.6K monthly ad spend split ~52% FB / 48% Google.

Why this comes first. Whatever these tests find directly funds what we do next. If Facebook isn't incremental, the $10K/month we've been spending on it becomes available for other bets. The clipping program below assumes that freed budget — without it, there's no launch capital.

TEST 1
Facebook budget reduction  ·  in progress
FB budget cut from $345/day to $76/day on March 31 (now holding at ~$50/day through April 21). Six days of post-cut data: orders moved from 16.0 to 11.7/day, but the trend was already declining pre-cut and the result isn't yet significant. Hypothesis: FB isn't driving incremental purchases. Max downside is ~$5K revenue loss over 14 days vs ~$5K saved in spend — near-zero net risk.
running
TEST 2
Pause Google Search campaign  ·  queued
Hypothesis: the Search campaign cannibalizes organic brand clicks. Every Search conversion is a brand term. Pause "Bitcoin Hardware Wallet | Search | USA" only — PMax stays on. Measure US Shopify orders plus organic brand CTR in Search Console. At-risk revenue: ~$2,850 over 14 days vs ~$650 saved in spend. Expected outcome: orders stay flat, organic CTR rises as the ad stops absorbing the top click.
next
TEST 3
PMax geo holdout  ·  highest-stakes
Split US PMax by geo: exclude 4–5 mid-volume states (PA, OH, NC, MI, GA) and let the rest of the US run as control. Measure orders per capita in holdout vs. control states. This is the test that tells us whether PMax Shopping and YouTube reach buyers who wouldn't find Blockstream organically. Run it last — we want clean reads from Tests 1 and 2 first before touching our strongest channel.
last
60%
Orders with zero paid touch
2.3×
FB attribution over-claim
100%
Search conv on brand terms
16.7
Baseline orders / day
Detailed plan

Where the budget comes from. This program is downstream of the incrementality tests above. If Test 1 confirms that Facebook isn't driving incremental orders (the current directional read), the ~$10K/month we've been spending there becomes available to reallocate. Clipping is the bet we want to make with that capital — lower production cost per attempt, higher surface area, closer to organic in the way it actually feels.

What clipping is. A media distribution strategy where a paid network of independent "clippers" mines long-form content (podcast appearances, interviews, keynotes) and cuts it into short-form vertical clips for TikTok, Reels, and Shorts. Clippers get paid on a CPM basis — they're directly incentivized to hunt for the moments that go viral, because that's where their earnings come from.

Why it works. The distribution economics flip in our favor: instead of us producing and boosting one clip, twenty clippers produce twenty versions and the algorithm picks the winner. The surface area of attempts is multiplied by the size of the clipper network, and we only pay for the views that actually land. It looks organic because it is organic — different editors, different framings, different hooks, all sourced from the same underlying footage.

The plan for Blockstream. Founder-led, Adam Back as the face. Source material is his existing library of long-form podcast appearances — already plenty of hours of him speaking candidly about Bitcoin, self-custody, and why Jade Plus exists. Clippers pull the strongest moments and push them out in parallel. The goal is to create the feeling that Adam is everywhere right now — the kind of ambient buzz you get when a founder is having an organic cultural moment, except we're engineering it on a CPM line item.

What I've been doing. Talked to several clipping agencies over the last two days to understand how the networks are structured, how rates are set, what the approval and brand-safety loops look like, and how attribution gets tracked back to site visits and conversions. Writing up findings and a recommended launch plan — ready to pull the trigger as soon as the Test 1 read gives us the budget.

Adam Back
Founder face
Podcasts
Source library
CPM
Payout model
TikTok · Reels · Shorts
Distribution surfaces
Post-Test 1
Target kickoff