Gate News update. On April 3, Bitcoin Treasury Company showed different strategies under ongoing market pressure: Strategy kept its massive BTC reserves unchanged, while Nakamoto Holdings sold bitcoin to adjust its balance sheet. In March this year, Nakamoto Holdings sold about 284 bitcoins, at a unit price of about $70.4k, below historical cost, for total cash proceeds of about $20 million, used for working capital and merger-and-acquisition-related investments. The company’s BTC holdings fell to more than 5,000 coins, along with a reduction of its equity stake in the Japanese company Metaplanet. By contrast, Strategy paused purchases, but still holds about 762,000 BTC, continuing to maintain its position as the largest corporate bitcoin holder. In addition, New Hampshire plans to issue bitcoin-backed municipal bonds, which have already received a Moody’s Ba2 speculative-grade rating. It is expected to raise $100 million for public infrastructure construction. Digital asset manager CoinShares listed on Nasdaq after merging with SPAC Vine Hill Capital, giving public-market investors opportunities to access crypto-asset products and infrastructure.
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