Germany’s sale of 50,000 confiscated bitcoins for $3.13 billion last year has proven financially detrimental after the cryptocurrency’s price later doubled. The government had liquidated the assets following an anti-piracy seizure, valuing Bitcoin’s potential strategically to raise liquidity. The decision… Read More »German Bitcoin Liquidation at $3.13 Billion Deemed Costly Amid Subsequent Price Surge
The Polkadot Treasury is actively evaluating a proposal to allocate approximately $2 million worth of DOT tokens towards purchasing Bitcoin. This strategic move aims to diversify Polkadot’s asset holdings and enhance financial stability, mitigating risks associated with DOT token price… Read More »Polkadot Considers $2 Million Bitcoin Reserve Strategy to Diversify Treasury
A proposal under discussion within the Polkadot community aims to convert 500,000 DOT tokens from the network’s Treasury into tBTC, a Bitcoin-backed asset. The plan involves utilizing Hydration’s automated Dollar-Cost Averaging (DCA) system to execute the conversion gradually. This method… Read More »Polkadot Community Debates Proposal to Convert Treasury DOT into Bitcoin-Backed tBTC