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Rumble approved $20 million to build a position, Exodus reserves exceed $150 million, and Lenglan Interactive continues to ramp up investment
ME News Report, April 6 (UTC+8), according to BBX data, during the weekend yesterday, many mid-sized publicly traded companies worldwide took frequent actions in their treasury strategies to combat inflation and censorship:
$20 million build-up plan: Rumble (NASDAQ: $RUM)
The board approved a $20 million Bitcoin strategic allocation budget yesterday. As a streaming platform emphasizing “freedom of speech,” the company stated it would convert part of its idle cash into BTC to build a reserve pool of hard assets that is not subject to traditional banking system interference for the creator economy.
$150 million milestone: Exodus Movement (NYSE: $EXOD)
Yesterday, it updated its Q1 end account data, confirming that the total digital assets on its balance sheet (mainly BTC and its held stablecoin positions) have officially surpassed $150 million.
$5 million allocation: BlueFocus Interactive (8267.HK)
Yesterday, it announced that it had used $5 million in cash reserves to continuously purchase Bitcoin and Ethereum over the past week (including the weekend), further strengthening its digital financial moat as a Hong Kong-listed Web3 concept stock.
50% crypto payment retention: Equinix (NASDAQ: $EQIX)
This global data center giant announced yesterday in an internal test that its European division’s pilot “B2B cryptocurrency payments” received BTC and USDC, with 50% retained directly on the books, rather than being fully converted into fiat currency as before.
Weekend 100% retention rate: Argo Blockchain (LSE: $ARB)
Disclosed that its Texas-based mining farm achieved 100% retention of hash power output during the entire weekend (including yesterday). Through electricity dispatch optimization, the company does not need to sell any new mining output during low liquidity weekend periods. (Source: ChainCatcher)