【Blockchain Rhythm】A US-listed coffee technology company has made another move. This time, they spent approximately $24.61 million to buy 230 Bitcoins in one go. Including their previous holdings, they now hold a total of 730 Bitcoins.
Their logic is straightforward: the current digital asset market is a bit cold, which is a good opportunity for strategic deployment. Moreover, Bitcoin has high liquidity and is quite handy as an asset allocation tool — it can preserve value and there’s no need to worry about liquidity issues.
In terms of holdings scale, this company clearly treats Bitcoin as a strategic asset. This also reflects that more and more listed companies, amid an asset shortage, are starting to turn their attention to the new track of crypto assets.
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ApeWithNoFear
· 12-20 14:46
The big institutions are starting to buy the dip, even coffee companies are beginning to stockpile coins... Now even the coffee sellers hold more Bitcoin than I do, damn.
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StablecoinGuardian
· 12-19 12:12
Coffee companies are starting to stockpile coins now, how desperate must they be haha
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SchrodingerWallet
· 12-17 15:18
Coffee companies are starting to hoard Bitcoin now. The world is really crazy, haha.
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ChainSpy
· 12-17 15:16
Coffee companies are starting to stockpile cryptocurrencies—an indication that traditional businesses are rushing to get involved.
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TokenVelocityTrauma
· 12-17 15:16
Coffee companies are starting to stockpile coins, and now the asset shortage is truly over.
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CoinBasedThinking
· 12-17 14:55
Coffee companies are starting to stock up on coins. This wave of institutional entry is truly different.
U.S. listed company invests $24.61 million to acquire 230 more Bitcoins, bringing total holdings to 730 coins
【Blockchain Rhythm】A US-listed coffee technology company has made another move. This time, they spent approximately $24.61 million to buy 230 Bitcoins in one go. Including their previous holdings, they now hold a total of 730 Bitcoins.
Their logic is straightforward: the current digital asset market is a bit cold, which is a good opportunity for strategic deployment. Moreover, Bitcoin has high liquidity and is quite handy as an asset allocation tool — it can preserve value and there’s no need to worry about liquidity issues.
In terms of holdings scale, this company clearly treats Bitcoin as a strategic asset. This also reflects that more and more listed companies, amid an asset shortage, are starting to turn their attention to the new track of crypto assets.