#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Jupiter has suspended DAO voting until 2026 to focus on Decentralized Finance rise.
Gate News bot reported that, according to Cointelegraph, the Chief Operating Officer of Jupiter, the leading DEX in the Solana ecosystem, Kash Dhanda, announced that the protocol will suspend governance voting.
Dhanda emphasized the necessity of "focusing on growth" and stated that Jupiter is pausing the decentralized autonomous organization (DAO) architecture because he believes the architecture "is not functioning as expected."
Dhanda stated that DAO voting will be paused until 2026, at which time it will "return in a whole new way, united rather than divided." He claimed that the DAO has "fallen into a negative feedback loop," slowing down execution and causing division within the community.
He said that pausing the DAO vote "will allow all of us to focus on execution, speed, and growth while we rethink how the DAO can operate best," and will prevent JUP from entering the market.
Dhanda stated that pausing DAO voting will not affect active staking rewards, and all previously funded working groups will continue to operate. However, no new proposals will be accepted, and the community reserve will remain unchanged until voting resumes. The development team will use its own operational treasury to fund community development.
After the Jupiter team determines the new process through community participation, DAO voting will resume next year. The goal is to find a more efficient method. Dhanda added, "Let me reiterate: this is not the end of governance, but a pause."