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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
Peter Schiff criticizes Tether, stating that its increase in BTC reserves is a manipulative behavior.
Odaily Planet Daily News, gold supporter and cryptocurrency critic Peter Schiff commented on the issue of 'Tether purchasing 7,629 BTC worth $705 million as reserves' in a post on X, saying, 'Yes, more manipulation. They created Tether (USDT) out of thin air and used it to buy BTC. This is the Tether version of quantitative easing. It will not end well for Tether or BTC.' It also added, "By definition, the Tether (USDT) they use to purchase BTC is not backed by anything other than the BTC obtained through the purchase."