BitGo Integrates Lightning Network Into Qualified Custody for Faster Bitcoin Payments

The chief of Britain’s largest corporate Bitcoin holder says the company will continue aggressive accumulation despite nearly $100 million wiped from its holdings over three months. The move signals firm conviction in Bitcoin's long-term value amid a brutal downturn.

A buy strategy accumulated 855 BTC over the past week while Bitcoin traded just above the company’s treasury cost basis, signaling measured accumulation amid market turbulence. The purchases suggest continued confidence even as prices remain close to prior acquisition levels.

David Schwartz confirmed he sold 40,000 ETH at about $1.05 and liquidated nearly all his Bitcoin before it rose past $7,500, answering a long-running community question. He characterized the moves as personal, early-stage decisions rather than market timing plays.

Court proceedings were opened over a $9.2M debt after BitRiver’s founder was arrested and company operations were shut down across Russia. The situation leaves hosted rigs offline and raises risks for creditors and clients.

Bitcoin fell to $74,550, a 10‑month low, as the crypto market sold off and major altcoins including Ethereum, XRP and Dogecoin posted sharp losses today. The move sees BTC retesting a key support zone that will be pivotal for near‑term direction.