#BTC
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Microstrategy Stands Firm with its Bitcoin Holdings
In their recent report, Microstrategy revealed that it has maintained a steadfast position on its Bitcoin holdings, retaining 140,000 BTC on its balance sheet throughout Q1 2023. This unwavering commitment showcases the company's confidence in the long-term potential of the cryptocurrency. 
Tether's New Strategy: Buying Bitcoin with Profits
Tether, a leading stablecoin issuer, has unveiled a new investment approach emphasizing Bitcoin (BTC). The company will allocate up to 15% of its net realized operating profits to purchase Bitcoin, thereby diversifying and strengthening its reserves. As of March 2023, Tether already had approximately $1.5 billion in BTC reserves. What Is BRC-20?
BRC-20 is a new standard for fungible tokens on the Bitcoin network. It uses sequential numbering to encode data in the smallest units of BTC, known as satoshis. This standard allows tokens to exist side by side with Bitcoin on its native blockchain, much like ERC-20 tokens in the Ethereum network. 
Bitcoin Gets a Boost Amid First Republic Bank's Bankruptcy
The crisis plaguing American regional banks intensifies. First Republic Bank (FRB) bankruptcy has become the second-largest in U.S. history, after the collapse of Washington Mutual Inc. in 2008. As of the end of April, FRB's shares plummeted by 73%. 
