BITCOIN REBOUNDED WITH ENCRYPTION: MINING, BTC TREASURY, A SINGLE-DAY STOCK PRICE RISE

On 22 August, Cointelegraph reported that as the encryption market continued to rebound, Bitcoin mining and Digital Asset Treasury stock stocks had risen significantly this weekend. According to the market, the announcement by the United States Department of the Treasury to scale up long-term government debt buy-backs has raised market liquidity expectations, boosted risk asset moods and further boosted encrypted related stock performance. Bitcoin mining company Canaan led to an increase in the encryption concept, with stock prices rising by more than 25 per cent; Marra Holdings continued to rise after a rise of nearly 16 per cent on Thursday. There was an increase of more than 16 per cent on Friday in the stock of digital assets in excess of 20,000 bitcoins. The Japanese-listed Bitcoin Treasury, Metaplanet, has recently expanded the Bitcoin strategic layout by acquiring Nasdark-listed company Super League Enterprise, with a similar increase of over 16 per cent in stock prices. In addition, both the encrypted trading platform Coinbase and the voucher platform Robinhood stock price recorded double-digit increases, indicating that the price of bitcoin is being raised towards listed companies with digital assets。