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Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

Bitcoin
By admin
0 19

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin

BTC$107,245.97 for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC.

The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a Friday press release. The Toronto-based firm plans to lend part of its BTC treasury to trading desks and other counterparties that need ready access to the cryptocurrency.

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Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

The approach mirrors that of numerous other companies adopting bitcoin as a treasury reserve asset.

Publicly-traded companies now hold a total of 841,715 BTC worth over $90 billion, according to Bitcointreasuries data, while private firms are estimated to hold 290,878 BTC worth over $31 billion.

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