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C2 Blockchain Surpasses 724 Million DOG (Bitcoin) Holdings as Runes Activity Expands Across the Bitcoin Network
Accessnewswire· 2026-03-06 13:00
Core Insights - C2 Blockchain Inc. has increased its holdings of DOG (Bitcoin) to 724,881,850.7 DOG, reflecting the growth of its Bitcoin-native digital asset treasury [1] - The Runes Protocol, launched in April 2024 during the Bitcoin halving, facilitates the creation and transfer of fungible digital assets directly on Bitcoin's base layer, enhancing on-chain asset activity [1] - The company emphasizes a disciplined treasury strategy focused on Bitcoin-native assets, adapting its digital asset holdings based on market conditions and strategic alignment with the Bitcoin ecosystem [1] Bitcoin Halving and Runes Protocol - The April 2024 Bitcoin halving reduced the block subsidy for miners, historically altering the economic dynamics of the Bitcoin network [1] - The Runes protocol has led to a significant share of Bitcoin network activity through Runes-related transactions since its launch [1] - Assets issued via the Runes protocol, including DOG (Bitcoin), are integrated into the on-chain transaction environment, representing a new use case for Bitcoin's infrastructure [1] Digital Asset Treasury Strategy - C2 Blockchain's treasury management strategy incorporates digital assets, evaluating acquisitions based on capital availability, liquidity conditions, custody infrastructure, regulatory developments, and long-term strategic alignment [1] - The company may adjust its digital asset holdings in response to market conditions and operational requirements [1] - Digital assets, including DOG (Bitcoin), are accounted for under U.S. GAAP, with market value fluctuations potentially impacting reported financial results [1]