- Topic1/3
12k Popularity
166k Popularity
21k Popularity
40k Popularity
99k Popularity
- Pin
- Hey Square fam! How many Alpha points have you racked up lately?
Did you get your airdrop? We’ve also got extra perks for you on Gate Square!
🎁 Show off your Alpha points gains, and you’ll get a shot at a $200U Mystery Box reward!
🥇 1 user with the highest points screenshot → $100U Mystery Box
✨ Top 5 sharers with quality posts → $20U Mystery Box each
📍【How to Join】
1️⃣ Make a post with the hashtag #ShowMyAlphaPoints#
2️⃣ Share a screenshot of your Alpha points, plus a one-liner: “I earned ____ with Gate Alpha. So worth it!”
👉 Bonus: Share your tips for earning points, redemption experienc
- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Breed Report: Bitcoin reserve companies face survival challenges, industry reshuffle may occur in 2025.
On June 29, according to reports, the latest report from venture capital firm Breed shows that Bitcoin reserve companies are becoming a major trend by 2025, but only a handful of experienced and disciplined companies are expected to survive future market fluctuations. Many Bitcoin treasury companies may fall into a "death spiral," especially those whose stock prices are close to their net asset value (NAV).
The Breed report details seven stages of decline for Bitcoin reserve companies: starting with the drop in Bitcoin prices, leading to a decrease in the Multiple Net Asset Value (MNAV), making it difficult for companies to obtain debt and equity financing. As credit dries up and debts come due, margin calls will force companies to sell Bitcoin, further depressing market prices, which could trigger industry consolidation or even a prolonged market downturn. Currently, most companies are using equity rather than debt financing to purchase Bitcoin, which may limit the overall market impact, but if debt financing becomes mainstream, the situation could worsen.