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NEW
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake BTC and earn 10% APR
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Use USDT/USDC to mint GUSD for treasury-level yields
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Bitwise CIO: Strategy Will Not Be Forced to Sell Bitcoin
On December 5, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that despite the drop in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion worth of Bitcoin holdings.
Hougan pointed out that MSTR has $1.4 billion in cash reserves, does not need to repay its debt until 2027, and the current Bitcoin price is about $92,000, higher than the company’s average purchase cost of $74,000.