BBX: Mining Companies Fight Back and Expand Ecosystem—Riot Conducts Spot Buyback, Galaxy Increases Ethereum Holdings, Mogo Bets on Solana
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According to BBX, yesterday, in response to the billion-level arms race initiated by major whales, the market quickly made tactical adjustments, displaying the dual characteristics of "mining company spot counterattack" and "multi-chain asset allocation": —Mining company spot defense: Riot Platforms refused to passively wait and used operating cash flow to directly purchase 400 BTC for $38.3 million, responding to a certain exchange’s financing expansion with a dual-drive strategy of "hashrate + holdings." —Institutional yield capture: Galaxy Digital took advantage of the exchange rate window to increase its holdings by 10,000 ETH (about $32.5 million), aiming to lock in long-term interest-bearing assets through enterprise-level staking. —Payment track bet: Mogo Inc. included SOL in its primary reserves, making its first purchase of 25,000 tokens, valuing its high Beta attribute in next-generation financial infrastructure. The market is evolving from a single "bitcoin hoarding" strategy to a combined approach of "bitcoin defense + public chain advancement." Source: bbx.com
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