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Rumble approved $20 million for position building, Exodus reserves surpass $150 million, and Blue港 Interactive continues to increase its holdings.
ME News update, April 6 (UTC+8). According to BBX data, during the weekend yesterday, many global mid-cap listed companies took frequent actions in their treasury strategies focused on inflation protection and resistance to censorship:
A $20 million allocation plan: Rumble (NASDAQ: $RUM)‘s board approved yesterday a $20 million strategic Bitcoin allocation budget. As a streaming platform built around “freedom of speech,” the company said it will convert part of its idle cash into BTC, aiming to create a pool of hard-asset reserves for the creator economy that is not subject to interference from traditional banking systems.
A $150 million milestone: Exodus Movement (NYSE: $EXOD) updated its end-of-first-quarter account data yesterday, confirming that the total figure of digital assets on its balance sheet (mainly BTC and its own held stablecoin positions) has officially exceeded $150 million.
A $5 million allocation: Bluefocus Interactive (8267.HK) announced yesterday that it has used $5 million of its cash reserves to continue buying Bitcoin and Ethereum over the past week (including the weekend), further strengthening its digital-finance moat as a Hong Kong-listed Web3 concept stock.
50% of crypto payments retained: Equinix (NASDAQ: $EQIX) — this global data center giant — announced yesterday in an internal test that for its “B2B cryptocurrency payments” piloted by its European division, the BTC and USDC received will retain 50% and be recorded directly on the books, rather than being fully converted into fiat currency as in the past.
100% retention over the weekend: Argo Blockchain (LSE: $ARB) disclosed that its Texas-based mining facility achieved 100% retention of hashrate output throughout the weekend (including yesterday). Through power dispatch optimization, the company did not have to sell any newly produced mining output during weekend low-liquidity periods. (Source: ChainCatcher)