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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.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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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
Bitcoin Decentralized Finance project Elastos launches BTC-backed stablecoin BTCD
BlockBeats News, on June 19, according to Coindesk, Elastos, the developer of Bitcoin DeFi protocol BeL2, announced the launch of BTC-backed stablecoin BTCD. Ahmed IJ, head of marketing at Elastos, said that BTCD is backed by Bitcoin, and the collateral amount is equivalent to 160%-200% of the value of BTCD. When the price of BTCD is higher than $1, holders will burn tokens to redeem BTC, resulting in a decrease in supply and a downward price decline; If it falls below $1, users deposit new BTC to mint BTCD and sell it, causing supply to increase and the price to recover.