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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
AI travel company Webus International plans to raise $300 million and establish an XRP reserve.
Gate News bot message, the artificial intelligence travel company Webus International announced on May 29 that it plans to raise up to $300 million through non-equity financing and will invest these funds into XRP reserves to support its global driver service Payment Network.
The company stated that it may raise reserves using existing cash, commercial bank loans, shareholder guarantees, and institutional credit lines without issuing new shares.
CEO Nan Zheng told investors that the strategy aims to maintain equity value while achieving instant cross-border settlement, on-chain booking records, and Web3 loyalty programs.
The proposed reserve is the first of three initiatives funded by the program, with other initiatives including the development of proprietary blockchain infrastructure and accelerating overseas expansion.
Source: CryptoSlate