Blockchain
Bit.com and The Open Network Establish Strategic Partnership to Accelerate the Expansion of the TON Ecosystem
Bit.com, the leading high-performance crypto exchange, has announced an industry-first strategic partnership with TON (The Open Network) to develop, enhance and expand the TON ecosystem.
As part of the collaboration, TON’s native token custody will be supported by Cactus Custody™, the third-party institutional custody service provided by Matrixport, by the end of March 2022. The partnership will also explore the inclusion of TON’s native token in crypto-financial services offerings on Matrixport’s platform, as well as bit.com’s upcoming savings product.
“TON’s heritage and roadmap coupled with its performance has given us confidence in its immense potential. We expect our users to recognise its value and embrace it. Bit.com and Matrixport provide a wide range of innovative products, trading and asset management tools that will accelerate the growth of the TON ecosystem. We are delighted to work with TON and look forward to contributing to its community as we integrate TON into our various products,” noted Toya Zhang, Chief Marketing Officer of bit.com.
“Matrixport is the first world’s leading CeFi platform to offer a variety of institutional-grade services that are vital to the TON ecosystem. Custody and escrow solutions and innovative asset management products provide great value for institutions and retails alike. We are excited about Matrixport and Bit.com’s support,” added Steve Yun, Founding Member of TON Foundation.
Bit.com listed TON in January 2022 and supports transactions using the TON native token on its platform. Matrixport also supports swaps of the TON native token to USDT or USDC. As a leading high-performance crypto exchange, Bit.com expects to establish similar partnerships with emerging high-quality projects in the near future.
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MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
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