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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
DCG founder Barry reflects on his crypto assets career: from first encountering Bitcoin to founding Grayscale and the bankruptcy of Genesis.
Gate.io News bot message, according to PANEWS report, DCG founder Barry first encountered Bitcoin in 2011, learning about this emerging asset through a Wired article and Jason Calacanis's podcast. He subsequently purchased hundreds of thousands of dollars in Bitcoin at a price of $7-8 on the Mt. Gox platform and used some of the Bitcoin to buy gift cards worth $2000-5000.
Barry invested early in multiple cryptocurrency projects, including Coinbase, Chainalysis, and Ripple. He later founded a Bitcoin investment product similar to the SPDR Gold ETF - Grayscale.
After the 3AC collapse, Genesis revalued its balance sheet at market value, resulting in a capital shortfall, which ultimately led to Genesis shutting down its business and filing for bankruptcy.