💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Bitfarms: There are no plans to purchase large Mining Rigs in the next two years, and in April, the Bitcoin treasury Holdings dropped to 1005 coins.
ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitfarms officially released its production and operations update report for April, disclosing that there are currently no plans to purchase large Mining Rigs in 2025 or 2026. They will use previously purchased machines to achieve this year's growth target, prioritizing the development of high-performance computing (HPC) business and expanding their energy infrastructure instead of pursuing new hardware. In addition, Bitfarms disclosed that its mining output in April was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, down from 1140 BTC last month, which is approximately 94 million dollars based on the Bitcoin price on April 30.