On July 17, Avalon Labs officially announced that it had officially joined the Bitcoin Enterprise Alliance BFC (Bitcoin for Corporations) co-founded by U.S. listed company MicroStrategy and Bitcoin Magazine, and became an Executive Member of the organization. The organization is committed to promoting the strategic use of Bitcoin in global companies, helping companies build Bitcoin treasuries, formulate Bitcoin strategies, and providing the education and resource support needed by senior managers. As a pioneer promoter of Bitcoin corporate adoption, BFC currently has more than 20 member companies including MicroStrategy. Joining the BFC will further consolidate Avalon Labs 'leading position in the field of Bitcoin financial infrastructure and provide support and bridge for more corporate institutions to embrace Bitcoin.