The Bitcoin Society Halts Treasury Plan as Bitcoin Drops Over 20% in Q1

BTC-0.79%

According to Bloomberg News, The Bitcoin Society, backed by NBA star Tony Parker and entrepreneur Éric Larchevêque, halted plans to build a crypto treasury in the first quarter. Market conditions deteriorated as Bitcoin dropped more than 20%, making capital raising for Bitcoin reserve accumulation unfeasible, Larchevêque told Bloomberg.

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