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Tuesday, June 11, 2024
HomeCryptoA company listed on Nasdaq has accepted Bitcoin as a reserve asset

A company listed on Nasdaq has accepted Bitcoin as a reserve asset

Canadian publicly traded company DeFi Technologies announced that it has adopted Bitcoin as its primary treasury reserve asset and has purchased an initial 110 BTC.

Canadian publicly traded company DeFi Technologies announced that it has adopted Bitcoin as its primary treasury reserve asset.

Issuing an official statement, the company announced that it had purchased 110 BTC to begin implementing its Bitcoin reserve asset strategy.

The company stated that the move reflects its belief that Bitcoin protects against fiat currency devaluation.

“DeFi Technologies adopted Bitcoin as its primary treasury reserve asset and purchased 110 Bitcoins to implement this strategy.

This reflects the belief that Bitcoin will protect against currency devaluation and the Company’s potential to expand its treasury.

DeFi Technologies believes that BTC has unique characteristics as a scarce and limited asset, making it a reasonable hedge against inflation and a safe haven from loss of monetary value. DeFi Technologies believes that Bitcoin has the potential to generate outsized returns as it gains increased adoption.”

Olivier Roussy Newton, CEO of DeFi Technologies, said: “We have adopted Bitcoin as our primary treasury reserve asset, reflecting our belief in Bitcoin’s role as a hedge against inflation and protection against currency devaluation. Bitcoin is the best performing asset of the past decade. We are excited about our future prospects and look forward to enhancing our position in the digital asset space.”

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Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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