Bitfury Founder: The current market downturn is an opportunity for the company to rebalance its portfolio and buy BTC at lower prices.

BTC0,86%

PANews February 12 News, according to Bloomberg, Bitfury founder Val Vavilov stated that the recent plunge in cryptocurrencies is a good opportunity to buy again. He commented on WhatsApp, “For us, the decline in Bitcoin is a chance to rebalance our investment portfolio and buy a certain amount of Bitcoin at a low price.” However, he did not disclose the investment amount or purchase quantity. Vavilov said, “We believe in Bitcoin and its growth potential, and hold some assets in the form of Bitcoin, but it is only a part of our investment portfolio.” He emphasized that his company has long since expanded from cryptocurrency mining into the field of artificial intelligence infrastructure.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC 15-minute drop of 0.62%: whale capital inflows into exchanges spark short-term sell pressure

2026-04-06 22:45 to 23:00 (UTC), BTC fell 0.62% in short-term trading. The price fluctuated between 68812.1 and 69240.0 USDT, with an amplitude of 0.62%. Trading volume rose in sync during this period, market attention increased noticeably, volatility risk rose, and short-term investors’ sentiment turned cautious. The main driving force behind this unusual move is that on-chain data shows whales holding large amounts of BTC are concentrating funds to exchanges. Within 10 minutes, the total amount of funds transferred was about $420,000; within 24 hours, it reached 867.28 BTC, even higher. Then

GateNews11m ago

BTC drops below 69,000 USDT, and the 24-hour gain narrows to 1.25%

Gate News update: On April 6, market data shows that BTC has broken below 69,000 USDT, currently trading at 68,979.5 USDT. The 24-hour gain has narrowed to 1.25%.

GateNews13m ago

BTC 跌破 69000 USDT

Gate News bot 消息,Gate 行情显示,BTC 跌破 69000 USDT,现价 68911 USDT。

CryptoRadar21m ago

Bitcoin Holds Weekly Inflows While Ether, Altcoin ETFs Slip

Bitcoin ETFs managed a modest weekly gain despite sharp swings, while ether extended its outflow trend. Solana and XRP also declined in a shortened trading week. Key Takeaways: Blackrock IBIT helped drive $22.34 million bitcoin ETF inflows, but volatility signals weak conviction ahead. Ether ET

Coinpedia37m ago

Bitcoin Eyes $80,000 Milestone As Geopolitical Tensions in the Strait of Hormuz Reach a Boiling P...

The crypto market currently is at a pivotal point where technical momentum meets intense global uncertainty. After being stuck in a holding pattern for many weeks, BTC now appears poised to break out again as geopolitical narratives shift and additional volatility is expected. Top crypto analyst

BlockChainReporter1h ago
Comment
0/400
No comments