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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
CoinShares: The average cash cost of Bitcoin mining for publicly listed mining companies in Q4 last year was $82,162.
According to ChainCatcher news and a CoinShares article, the average cash cost of mining a single Bitcoin for listed mining companies in the fourth quarter of 2024 has risen to $82,162, an increase of 47% month-on-month. The report shows that the network computing power significantly rose in the fourth quarter, reaching a historical high of 900 EH/s, and is expected to surpass 1 ZH/s by July 2025. In the face of intensifying competition, several mining companies are strategically transforming towards data center infrastructure and high-performance computing hosting services. Among them, Core Scientific has allocated 43% of its capacity to artificial intelligence business, while Cipher Mining plans to use 35% of its future capacity for the field of artificial intelligence.