Summary
- Binance recently announced that it has purchased an additional 5.85 Bitcoin, surpassing a total holding of 65.03 BTC.
- The average purchase price was $107,863, and the cumulative average acquisition price stood at $98,211.74.
- The company has completed a funding round of £3,579,000, stating that the funds will be used for Bitcoin acquisitions and business operations.
UK London Stock Exchange (LSE) listed company Binance has recently announced the acquisition of an additional 5.85 Bitcoin (BTC), bringing its total holdings to 65.03 BTC.
According to Coinmania, a media outlet specializing in virtual assets (cryptocurrencies), Binance purchased 5.85 BTC at an average acquisition price of $107,863 (approximately $631,000). The company's total holdings have risen to 65.03 BTC, with the cumulative average purchase price recorded at $98,211.74.
Binance stated, "We will continue our role as a listed platform providing access to Bitcoin within the traditional financial market."
Meanwhile, the company is also carrying out fundraising to support its asset purchases. Recently, it completed an investment round of £3,579,000 (approximately ₩6,350,000,000), and this funding will be used for Bitcoin acquisitions and business operations.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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