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Phoenix Group has announced the establishment of a treasury worth over $1.5 billion in Bitcoin and SOL.

By: theblockbeats.news|2025/07/31 09:12:21

BlockBeats News, July 31st, UAE-based cryptocurrency, blockchain, and digital asset infrastructure company Phoenix Group announced the official establishment of a treasury worth over $150 million in Bitcoin and Solana. Phoenix Group currently holds 514 BTC and over 630,000 SOL as part of its long-term reserves.

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Hong Kong Department of Justice: The significance of the "Stablecoin Regulation" lies in supporting the orderly and healthy development of the Hong Kong stablecoin market