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Blockchain

Bitcoin’s Corporate Adoption raises Fort Knox-like Nationalization concerns


Corporate Bitcoin treasuries have surged past $100 billion, raising concerns among analysts that the United States could one day nationalize these holdings in a move reminiscent of the gold standard era.

Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth about $93 billion, representing 3.98% of the circulating supply, Cointelegraph reported on July 31.

The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link