#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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According to Wu, John Adler, co-founder of Celestia, proposed using Proof-of-Governance (PoG) as the ultimate solution for Liquid Staking Tokens (LSTs), determining validators through off-chain community voting (rather than stakers), separating protocol security from the total extractable value (REV). PoG can reduce the token issuance rate from 5% to 0.25%, maintaining network security. Due to DeFi yield incentives, LSTs will still generate even without delegated staking, with net issuance approaching zero at a 100% binding rate, only validators receive issuance. PoG eliminates the need for staking, and TIA tokens are equivalent to LST, simplifying protocol design.