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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
Aave DAO's first phase proposal for the $4 million AAVE buyback plan
Gate.io News bot message, according to the Aave governance proposal, the Aave DAO has approved a proposal to allocate 4 million aEthUSDT from the Aave Collector contract to the Aave Financial Committee (AFC). These funds will be used to execute the first phase of the AAVE buyback plan.
This repurchase plan is part of Aavenomics, which aims to buy back AAVE from the open market and allocate it to the ecological reserve. The first phase is expected to last for one month. The overall plan sets a target of repurchasing 1 million USD of AAVE each week over a period of 6 months. This authorization of 4 million USD is the initial step of the plan. It is worth noting that the repurchase process can be adjusted or revoked through new voting.
Source: Wu Says