Category: Industry Insights
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Figma discloses $70M Bitcoin exposure via Bitwise ETF in IPO filing, plans another $30M buy
Figma’s IPO filing discloses $70M Bitcoin exposure via Bitwise ETF, with plans to invest another $30M. The company holds BITB as part of its cash management strategy alongside traditional assets.
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MARA Bitcoin Production Slides 25% as Mining Environment Toughens – Decrypt
MARA Holdings’ Bitcoin mining production fell 25% in June due to weather issues and increased mining difficulty. The firm mined 713 BTC and holds over $5 billion worth, planning to expand capacity by year-end.
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Here’s the $255,000,000,000 Threat That Visa and Mastercard Are Facing Right Now, According to Insiders: Report – The Daily Hodl
Visa and Mastercard are preparing for the rise of stablecoins, which threaten their business models by lowering transaction costs. Executives see opportunities in new use cases rather than full replacement.
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Circle Announces Circle Gateway: No More Bridging USDC Across Multiple Chains? – News Bytes Bitcoin News
Circle introduces Circle Gateway, enabling seamless cross-chain USDC transfers without bridging, launching in July for its $62B market cap stablecoin currently on 23 blockchains.
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Digital Reserves Dominate: Smarter Web Enters Top Bitcoin-Holding Public Companies News ETHNews
Smarter Web increases Bitcoin holdings to 773 BTC, joining top public firms with BTC treasuries. The UK-based firm plans long-term BTC accumulation, now ranking 36th globally among corporate holders.
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Why Is Robinhood Building on Arbitrum Instead of Solana? – Decrypt
Robinhood chose Arbitrum over Solana for its Ethereum layer-2 network to integrate with Ethereum’s ecosystem and avoid fragmented liquidity, while Kraken pursues tokenized stocks on Solana.
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Figma Reveals $70M Bitcoin ETF Holdings, Plans To Buy $30M More
Figma disclosed $70M in Bitcoin ETF holdings in its SEC filing, with plans to invest $30M more. The value fluctuated due to Bitcoin’s volatility, but no credit losses were reported.
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Figma holds $70M in BTC ETFs, gets board nod for $30M more
Figma’s S-1 filing reveals $70M in Bitcoin ETF holdings and board approval for an additional $30M BTC purchase via USDC, totaling $100M in Bitcoin investments.
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Circle Launches USDC Chain Abstraction Tool for Devs – “The Defiant”
Circle introduces Circle Gateway, a tool enabling unified USDC balances across multiple blockchains, eliminating the need for bridging and enhancing cross-chain liquidity for users and businesses.
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Hong Kong-Based Food Firm Secures $528 Million to Boost Bitcoin Treasury – Decrypt
Hong Kong’s DDC Enterprise raised $528 million to purchase 5,000 Bitcoin over three years, joining 140+ public companies adopting corporate Bitcoin treasury strategies pioneered by MicroStrategy.
