Mining companies are now split between those liquidating Bitcoin to cover operating expenses and those holding their BTC in reserve to fuel future growth.

The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.

Jane Street said it needs GPU-based computing power to keep its trading and research operations competitive amid growing adoption of AI.

The Massachusetts Democrat has been critical of private companies, including non-bank entities, issuing their own dollar-pegged stablecoins.