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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
Treasure DAO announces restructuring plan as its financial situation faces challenges.
Gate.io News bot message, the chief contributor of the blockchain game ecosystem Treasure DAO, John, recently released an announcement stating that the organization will undergo restructuring and cease game operations with Treasure Chain.
According to public documents, Treasure DAO's annual operating expenses reach 8.3 million dollars, and the current treasury balance is 2.4 million dollars. According to the original plan, the existing funds will support operations until July 2025. John proposed the suggestion to withdraw 785,000 dollars of idle funds from the market maker Flowdesk; once approved, the organization's stablecoin balance will increase to 3.2 million dollars, and the operating time will be extended to February 2026.
The document also disclosed that the ecological fund currently holds 22.3 million MAGIC tokens, worth approximately 2.3 million USD. The price fluctuation of MAGIC tokens between December 2023 and February 2024 will directly relate to the ongoing operation of the DAO.