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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
#TrumpSignsBitcoinReserve#
On March 6, 2025, President Donald Trump signed an executive order establishing a strategic Bitcoin reserve, utilizing approximately 200,000 seized bitcoins. This initiative aims to position the United States as a leader in the cryptocurrency space, with the reserve serving as a permanent store of value.
Contrary to expectations of a market rally, Bitcoin's price experienced a decline following the announcement, trading lower at $88,266. This reaction may be attributed to traders seizing the opportunity to realize profits, a common occurrence when significant news prompts swift price movements.
The establishment of a Bitcoin reserve by a major economy underscores the growing recognition of cryptocurrencies' strategic importance. Such a move could enhance institutional legitimacy and potentially pave the way for broader adoption. While the immediate market response was a downturn, the long-term impact on Bitcoin's value remains a subject of discussion among investors and analysts.
#TrumpSignsBitcoinReserve#