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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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Do you Know How US (United Staes) Tax Crypto
United States:
The Internal Revenue Service (IRS) treats cryptocurrency as property. This means capital gains tax applies when crypto is sold, traded, or spent. The tax rate depends on how long the crypto is held:
Short-term gains (held under a year) – Taxed like regular income (10% to 37%).
Long-term gains (held over a year) – Taxed at 0%, 15%, or 20%, depending on your income.
If crypto is earned as income, such as through mining or staking, it is subject to income tax at the person’s regular tax rate. The IRS also requires crypto brokers to report transactions on Form 1099-DA starting in 2025.
Crypto losses can be used to offset gains, and investors can deduct up to $3,000 per year against ordinary income.