Dominari Holdings in the US holds $2 million worth of Bitcoin ETF... Continues additional purchases
Minseung Kang
Summary
- Dominari Holdings announced plans to continuously invest in Bitcoin ETF.
- It stated that it is building its Bitcoin position through indirect investment in BlackRock Bitcoin ETF.
- Dominari Holdings holds $2 million worth of Bitcoin Treasury and stated that this strategy will continue.
Nasdaq-listed Dominari Holdings has announced plans to continuously accumulate Bitcoin (BTC) through an Exchange-Traded Fund (ETF).
On the 28th, Dominari Holdings stated, "As part of our strategic Bitcoin Treasury strategy, we are investing in BlackRock's Bitcoin ETF, IBIT."
Dominari Holdings explained, "The company is building an indirect investment position in Bitcoin by purchasing the IBIT ETF using some of the surplus cash and profits," adding, "This strategy will continue as cash reserves increase in the future."
Dominari currently holds $2 million worth of Bitcoin Treasury assets. By the end of the year, it plans to additionally establish an Altcoin Treasury.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
