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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
Let’s cheer on crypto beginners together!
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Next Technology filed a prospectus to sell common shares worth 500 million dollars to buy more BTC.
Next Technology Holding Inc. (NXTT) has just announced a plan for the issuance of common stock through a registration framework worth 500 million USD, part of which will be used to purchase additional Bitcoin. This announcement caused NXTT shares to fall nearly 3% in after-hours trading.
Currently, the company holds approximately 5,833 BTC, of which 5,000 BTC were purchased in recent months, making NXTT one of the largest Bitcoin-holding enterprises relative to its scale. The strategy focused on Bitcoin helps NXTT attract investors interested in cryptocurrency, but it also increases risks due to significant price volatility.
This move is similar to Semler Scientific, a company that also registered an issuance of 500 million USD to accumulate Bitcoin. However, investors remain divided: one side sees this as a hedge against inflation, while the other is concerned about stock dilution and risks associated with the cryptocurrency market.