The Treasury secretary questioned the 11 candidates for Fed chair for up to two hours, but he diverged from Mr. Trump on the Fed's agenda, with Mr. Trump focusing on interest rate cuts and Mr. Bescent on the balance sheet and the side effects of QE.
According to DL News, there are currently around 144 companies holding bitcoin on their balance sheets. In addition, Michael Saylor proposed the idea of borrowing money through loans and converting it into debt to buy bitcoin, and ten companies such as Marathon Digital, Metaplanet, and Semler Scientific are gradually adopting the same strategy.
Federal Reserve official website data show that as of July 23, the Federal Reserve balance sheet size of 7.205 trillion dollars, compared with the beginning of July 7.221 trillion dollars reduced by 16 billion dollars.
Bitcoin miner MARA bought $100 million worth of bitcoin, bringing its balance sheet holdings to more than 20,000 BTC. MARA also said it intends to hold more than 20,000 BTC Bitcoin financial policy takes a comprehensive "HODL" approach, retaining all mined bitcoins and making additional purchases on a regular basis.