- Pin
- #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!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww - 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
✅ VIP Seat at an F1 Grand Prix
✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
👉 Go Now: www.gate.com/competition/f1rb/s1
#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
Wintermute sells Sonic token (S)
Wintermute has reduced its holdings of the $S token from 11 million to just 1.29 million over the past few weeks, indicating a strategic sell-off that may be related to portfolio restructuring or debt repayment. This move comes after a sell-off in May 2025 that caused the price of $S to fall by 30%.
Nevertheless, Sonic Labs remains optimistic thanks to the token burning mechanism not yet utilized in the official documentation – for instance, if only 5 million tokens are used out of a total of 47.625 million minted, then the remaining 42.625 million will be burned to combat inflation, reducing the circulating supply.
As one of the leading algorithmic trading funds, Wintermute's actions can significantly impact the liquidity of the $S token market, not merely a "sell-off", but a calculated move in the context of the $3.29 trillion crypto market, according to an update from LiveMint on June 9, 2025.