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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
The Polkadot community proposed to establish a Bitcoin strategic reserve.
According to Gate News bot, as reported by Wu, community members of the Polkadot forum have proposed a new plan to establish a Bitcoin strategic reserve for the treasury. According to the preliminary proposal, 501,000 DOT tokens will be used, with 500,000 DOT for purchase and 1,000 DOT for paying transaction fees.
The purchase process adopts the Rolling DCA mechanism of the Hydration protocol, and tBTC is purchased in batches within one year. The purchased tBTC is planned to be injected into the Hydration Omnipool as liquidity. The scheme uses Threshold Network's decentralized non-custodial bridging scheme and adopts the threshold ECDSA wallet mechanism.
The proposal is currently still in the forum discussion stage and has not yet started the formal execution process on-chain.
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