Corporate Bitcoin Trend Grows As Asian Firm Hits 2,383 BTC
A global Asian food platform and digital asset firm’s holdings are worth more than twice what the entire company trades for on the stock market — a gap that has quietly widened as the firm keeps buying week after week. Related Reading: XRP Still In Danger Zone Without This Key Breakout: Analyst Reports show DDC Enterprise Limited‘s 2,383 BTC stash is valued at roughly $165 million. Its stock market cap sits at just $66 million. That spread is not a typo. The Bitcoin in DDC’s treasury is worth more than two and a half times the company’s publicly traded value. A....
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Cyprus-based international ship-owning firm Robin Energy today announced the successful conclusion of its initial $5 million Bitcoin (BTC) allocation through Anchorage Digital Bank N.A., as part of its newly adopted treasury framework. Robin Energy Buys $5 Million Worth Of Bitcoin According to an announcement made earlier today, Robin Energy has completed its initial $5 million […]
Data shows Bitcoin trading has hit a snooze during Asian market hours, despite being the key aggressor for moves before 2020. BTC Sleeps During Asian Trading Hours As per this week’s Arcane Research report, Bitcoin seems to be mostly sleeping during Asian market hours, despite being a key force in price moves before 2020. In […]
Japanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset trading desk. A New Opportunity In a report, the two companies laud the partnership which they hope “will create the counterparty of choice for mainstream financial firms looking to invest in cryptocurrencies.” Prior to the latest acquisition, SBI had bought a minority stake in the....
Two large corporate entities are pouring big money in cryptocurrencies, and the corporate surge into Bitcoin doesn’t appear to be slowing down. With its bold 1 billion yen ($6.7 million) Bitcoin acquisition, Japanese game producer Gumi is creating waves. Meanwhile, KULR Technology Group is also growing its already considerable cryptocurrency holdings. Related Reading: Bitcoin Sentiment Hits […]