Summary
- Al Abraaj Group has become the first publicly listed company in the Middle East to register 5 Bitcoins on its balance sheet.
- This decision is aimed at strengthening the company's asset portfolio and leveraging new opportunities in the capital markets.
- Al Abraaj Group plans to purchase additional Bitcoins through a partnership with 10x Capital.
A company in the Middle East has emerged as the first to incorporate Bitcoin (BTC) as a financial asset.
According to GlobeNewswire on the 26th (local time), Bahrain-based restaurant group Al Abraaj Group purchased 5 Bitcoins, becoming the first publicly listed company in the Middle East to register Bitcoin on its balance sheet.
This move is reported to be designed to strengthen the company's asset portfolio and leverage new opportunities in the capital markets.
In the future, Al Abraaj plans to enter into a partnership with 10x Capital to proceed with additional Bitcoin purchases.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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