Block automatically swept in $120 million, Riot's computing power is "physically isolated," and Latin American giants are increasing their positions across the quarters
According to BBX data, yesterday, as the last day of the first quarter, multiple companies executed the quarter-end "automatic treasury conversion" and hard asset settlement. The core data is as follows:
$120 million swept in at quarter-end: Block Inc. (NYSE: $XYZ) strictly implemented its algorithm-driven treasury strategy yesterday, automatically sweeping approximately $120 million of idle fiat profits into its Bitcoin pool at the end of the first quarter. This "no human intervention" investment mechanism ensures it is insulated from emotional disturbances caused by short-term price fluctuations.
"Physical isolation" of computing power: Riot Platforms (NASDAQ: $RIOT) announced yesterday that the first batch of 2 EH/s computing power from its new factory on Corsica has successfully connected to the grid. Notably, this portion of computing power is designated as a "treasury dedicated line," with all BTC produced being physically cold-stored, 100% retained, completely independent of the funds pool used for daily operational sales.
150 mining machines settled in cryptocurrency: Canaan Inc. (NASDAQ: $CAN) disclosed its financial update for the first quarter yesterday, confirming that it has settled part of the sales balance for mining machines from major clients directly in Bitcoin, totaling 150 BTC, officially closing the loop from "selling shovels" to "hoarding gold."
$40 million regional hedge: MercadoLibre (NASDAQ: $MELI) disclosed yesterday in its quarter-end asset revaluation that it added a mixed position of $40 million in BTC/ETH in late March. This move aims to hedge against the sharp depreciation of several Latin American currencies against the US dollar in the first quarter.
$85 million staking snowball: DeFi Technologies (CBOE: $DEFTF) announced yesterday that its treasury size has surpassed $85 million. In addition to asset appreciation, the SOL it holds has generated staking interest in the first quarter, which has all been reinvested, achieving absolute quantity compound growth of its crypto assets.
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