Bitwise Transfers 2,000 BTC to Protection Fund, Restoring Value to $200 Million
Bitwise has replenished its protection fund by transferring 2,000 BTC (valued at $166 million) from a cold wallet. The fund's total value has returned to $200 million, with a current on-chain balance of 2,484.71 BTC worth $206 million, as the exchange works to fulfill its commitment to add $300 million within a week.
Summaries are written by AI from the original article. Not investment advice.