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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
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Jack Dorsey's Block company adjusts its strategy: focusing on BTC Mining and Wallet businesses, reducing investments in Web5 and Tidal
Odaily Planet Daily News X Platform co-founder Jack Dorsey-led payment company Block (SQ) announced that it will refocus on the development of BTCMiner devices and self-hosted encryption Wallets. Part of the funding comes from abandoning its 'Web5' Decentralization Internet project and reducing investment in Tidal music streaming. This decision coincided with the news of Trump winning the US presidential election. Trump promised to create a more favorable environment for the cryptocurrency industry, including supporting BTC mining. Block's Q3 financial report showed a revenue of $5.98 billion, which did not meet Wall Street's expectations of $6.24 billion, resulting in a 10% drop in stock price.