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According to Jinse Finance, Malta-based asset management firm Samara Asset Group has disclosed that it holds 525 BTC, valued at approximately $57.3 million, which accounts for 28% of its market capitalization. Samara Asset Group stated that the company plans to reduce its exposure to traditional markets and attract cryptocurrency investors, positioning Bitcoin as a reserve asset to safeguard capital from a long-term investment perspective.

Odaily Planet Daily reported that BlockFi’s bankruptcy administrators have reached an agreement with the U.S. Department of Justice (DOJ) to dismiss a lawsuit involving the transfer of $35 million in crypto assets. The agreement was approved on Friday by New Jersey bankruptcy court judge Michael B. Kaplan. The case originated in May 2023, when the DOJ attempted to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming the funds were linked to a criminal fraud case. Under the terms of the settlement, the case is “dismissed with prejudice,” and both parties will bear their own legal costs. Notably, BlockFi filed for bankruptcy in November 2022 following the collapse of FTX, and currently owes approximately $10 billion to around 100,000 creditors. The company has set April 28, 2024, as the final deadline for customers to withdraw their remaining crypto assets. (Cointelegraph)