- 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
Is the Stage Ready for a Big Rise in Bitcoin? Swiss Giant Bank Announced!
Bitcoin (BTC) is expected to continue its rise as it approaches the previous ATH of 111 thousand dollars step by step.
One of those expecting the rise to continue at this point is Swiss giant bank Sygnum Bank.
According to this, Sygnum Bank stated in its June report that institutional interest in Bitcoin has increased.
Bank analysts stated that the supply of Bitcoin in circulation is rapidly shrinking and that this situation lays the groundwork for potential price increases as demand continues to rise.
It was stated that the main reason for the decrease in supply is the increasing institutional demand, the expansion of Bitcoin acquisition tools such as ETFs and corporate treasury strategies.
Since the end of 2023, analysts noting that Bitcoin balances on exchanges have dropped by approximately 1 million BTC have argued that this situation is considered positive for the BTC price.
The major bank also stated that the visibility of Bitcoin announcements made by global government agencies has been strengthened.
Recently, three U.S. states have passed legislation allowing for strategic Bitcoin reserves. Several countries, such as Pakistan, have also announced that they are considering BTC reserves.
At this point, Sygnum "Official purchases have not yet started, and even the news is positively affecting BTC. If purchases start, it will be a significant catalyst for price increase in addition to the rising demand." said.
Sygnum analysts recently stated that they expect more rise in Bitcoin, stating "In the past, Bitcoin carried a greater downside risk, but now the upside potential is stronger".
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!