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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
Bitfinity Network launches BTCL2 network and announces completion of $12 million financing.
PANews, Nov. 19th - According to Cointelegraph, BTCLayer2 solution Bitfinity Network has launched and raised $12 million in funding. It aims to create Decentralized Finance (DeFi) capabilities that are compatible with the Ethereum Virtual Machine (EVM) for Bitcoin (BTC). This funding round includes $7 million from well-known supporters, including Polychain's Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as an additional $5 million from an off-chain token sale. According to the introduction, Bitfinity Network will use the chain fusion technology of Internet Computer Protocol (ICP) to make BTC native assets "able to operate in an ETH-compatible ecosystem". In addition, the security of its L2 network is strengthened by "using the powerful Proof of Stake protocol of Chain-Key technology".