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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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Bitcoin Ordinals can now be bridged to Cardano via BitVMX
Gate News bot news, Cardano continues to enhance its capabilities as a Bitcoin DeFi (BTCFi) platform and assists Ordinals in transitioning to its Mainnet.
On-chain transactions between Bitcoin and Cardano are facilitated by BitVMX, which is an interoperability protocol built using the BitVM programming language.
This transaction was announced by the Cardano development company Input | Output (IO) at the Bitcoin 2025 conference held on Tuesday in Las Vegas.
IO stated in an email announcement that the bridge represents a "preview of future developments," with the ultimate goal of achieving full integration between Bitcoin and Cardano, providing DeFi services for BTC users, and unlocking significant liquidity from the value stored in Bitcoin.
To this end, IO developed the "Cardinal" protocol, a blend of Cardano and Ordinals, which utilizes BitVMX to allocate Bitcoin native assets to addresses on Cardano.
Source: CoinDesk