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Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

Yahoo2 days ago

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin (BTC) for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC.
The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a Friday press release. The Toronto-based firm plans to lend part of its BTC treasury to trading desks and other counterparties that need ready access to the cryptocurrency.
The approach mirrors that of numerous other companies adopting bitcoin as a treasury reserve asset.
Publicly-traded companies now hold a total of 841,715 BTC worth over $90 billion, according to Bitcointreasuries data, while private firms are estimated to hold 290,878 BTC worth over $31 billion.

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Smucker's Makes Final Decision on Controversial Ingredient
Smucker's Makes Final Decision on Controversial Ingredient

Yahoo

time28 minutes ago

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Smucker's Makes Final Decision on Controversial Ingredient

We're moving away from synthetic dyes in food. J.M Smucker Company announced that they will be removing FD&C colors from "all consumer food products by the end of calendar year 2027." The FD&C Act was enacted by the Food and Drug Administration in 1938 by President Franklin D. Roosevelt. It's designed to remove unnecessary color additives in food by implementing safety guidelines (such as understanding which types of foods synthetic colors can be used in, setting maximum amounts, and determining how it should be declared on the food label). Smucker's said that this ingredient change will impact its "sugar-free fruit spreads and ice cream toppings, as well as certain products from its Hostess brand portfolio." Twinkies and Snoballs snack cakes, for example, are made with Red 40. The company added that most of their consumer foods are already free of FD&C colors, including the majority of the products available in kindergarten-to-12th grade schools."Throughout our 128-year history, we have successfully evolved our portfolio and product offerings based on shifts in consumer preferences," CEO Mark Smucker said in the statement. "Our commitment to remove FD&C colors from our sugar-free fruit spreads, ice cream toppings, and sweet baked goods products represents the latest example of our desire to evolve and our ability to continue to innovate to deliver on the expectations of our consumers." RELATED: J.M. Smucker is joined by Nestlé USA and Kraft Heinz in the effort to remove artificial dyes from their United States products. Kraft Heinz put out a press release on June 17, stating that they will be abiding by the FD&C colors "effective immediately." The company has already been making steps towards this initiative after removing artificial colors, preservatives, and flavors from Kraft Mac & Cheese in 2016. In the same vein, Nestlé announced last week that they will remove synthetic colors in its food and beverage portfolio by Makes Final Decision on Controversial Ingredient first appeared on Men's Journal on Jun 30, 2025

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