COINOTAG reported on May 19 that a prominent company has further solidified its Bitcoin treasury strategy by acquiring an additional 1,004 bitcoins. This notable purchase amounted to approximately 15.195 billion yen, translating to an average price of around 15.13 million yen for each bitcoin. Following this acquisition, the company now boasts a total of 7,800 bitcoins, reflecting a historical average purchase price of 13.51 million yen per bitcoin. This strategic move highlights the company’s commitment to enhancing its cryptocurrency portfolio, which continues to attract investor attention in the ever-evolving digital asset landscape. The implications of such acquisitions could have lasting effects on market dynamics and investor confidence in the booming crypto sector.
Source: https://en.coinotag.com/breakingnews/company-expands-bitcoin-treasury-with-additional-1004-btc-purchase-bringing-total-holdings-to-7800-btc/
