JAN3 is a Bitcoin technology company founded by former Blockstream Chief Strategy Officer Samson Mow, to accelerate Bitcoin adoption. JAN3 has taken over the crypto wallet AQUA, a Bitcoin and Liquid Mobile wallet from Blockstream, as well as the NFT marketplace Raretoshi. The company has signed a memorandum of understanding with the government of El Salvador, to provide digital infrastructure for the country and Bitcoin City.
JAN3 CEO posted on X, stating that Strategy should immediately execute an OTC transaction with BSTR. BSTR could pay Strategy $1.5 billion, helping the latter increase its cash reserves to $2.9 billion. Meanwhile, BSTR could add 25,000 BTC to its existing holdings of 30,021 BTC, boosting its total holdings to 55,021 BTC and jumping to second place in the ranking of Bitcoin treasury companies.Odaily note: BSTR, short for Bitcoin Standard Treasury Company, is a Bitcoin treasury company founded by renowned cryptographer and Blockstream co-founder Adam Back. The company is actively raising funds to continue accumulating BTC.
JAN3 CEO Samson Mow stated that STRC under Strategy has a massive market with a scale of about $200 trillion, and STRC is an excellent tool. STRC trades below par value, offering arbitrage opportunities for long-term capital. (BitcoinTreasuries)