Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million

Institutional adoption has helped the price of bitcoin to scale past all-time highs, reaching $19,864 on Nov. 30. Microstrategy, led by its very bullish CEO Michael Saylor, has become the poster boy of this emerging corporate trend, grabbing $425 million in bitcoin in August and September. The company now owns 40,824 BTC, the largest holding of any publicly traded entity, having added another $50 million worth of the asset on Dec. 4. But Microstrategy is not done just yet. Saylor announced on Monday that the company plans to sell $400 million in convertible bonds to buy even more bitcoin. Recently, Cypherpunk Holdings, a Toronto-based outfit, sold all of its ethereum and monero holdings and put all of the proceeds into bitcoin, increasing its treasury reserve to 276.479 BTC. What do think about BIGG increasing its long-term bitcoin holdings? Let us know in the comments section below. The post Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million appeared first on Bitcoin News.
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