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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
South Carolina proposes a Bitcoin reserve bill, capping state fund investments in Bitcoin at 10%.
According to Gate.io News bot, as reported by Bitcoin Laws, South Carolina Representative Jordan Pace has introduced the Bitcoin Reserve Bill (H4256), which stipulates that the state treasurer has the authority to invest 10% of state funds in Bitcoin, with a reserve cap set at 1 million BTC.
Previously, North Carolina has passed the Bitcoin Reserve Act SB327, which also authorizes the state treasurer to allocate 10% of public funds to Bitcoin.