BBX: Mining Companies Fight Back and Expand Ecosystem—Riot Conducts Spot Buyback, Galaxy Increases Ethereum Holdings, Mogo Bets on Solana
Show original
According to BBX, yesterday, in response to the billion-level arms race initiated by major whales, the market quickly made tactical adjustments, displaying the dual characteristics of "mining company spot counterattack" and "multi-chain asset allocation": —Mining company spot defense: Riot Platforms refused to passively wait and used operating cash flow to directly purchase 400 BTC for $38.3 million, responding to a certain exchange’s financing expansion with a dual-drive strategy of "hashrate + holdings." —Institutional yield capture: Galaxy Digital took advantage of the exchange rate window to increase its holdings by 10,000 ETH (about $32.5 million), aiming to lock in long-term interest-bearing assets through enterprise-level staking. —Payment track bet: Mogo Inc. included SOL in its primary reserves, making its first purchase of 25,000 tokens, valuing its high Beta attribute in next-generation financial infrastructure. The market is evolving from a single "bitcoin hoarding" strategy to a combined approach of "bitcoin defense + public chain advancement." Source: bbx.com
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Public companies' net BTC purchases plummeted by 86.5% to $290 million, with 91% coming from Strategy.
Chaincatcher•2026/01/26 14:25
BlackRock Submits Bitcoin Futures ETF S-1 Filing to SEC
BlockBeats•2026/01/26 13:45
BlackRock files application for iShares Bitcoin Premium Yield ETF
AIcoin•2026/01/26 13:40
Zama completes its first crypto ICO, with total auction amount reaching 118 millions USD
Chaincatcher•2026/01/26 13:20
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$87,782.94
+1.62%
Ethereum
ETH
$2,914.52
+4.12%
Tether USDt
USDT
$0.9989
+0.01%
BNB
BNB
$873.16
+1.81%
XRP
XRP
$1.9
+4.51%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$123.92
+4.82%
TRON
TRX
$0.2967
+0.65%
Dogecoin
DOGE
$0.1219
+2.99%
Cardano
ADA
$0.3510
+4.66%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now