"Canada's Universal Digital Purchases 10 Bitcoins…Worth Approximately ₩1.4 Billion"
Summary
- Canada’s Universal Digital announced that it purchased 10 Bitcoins for approximately $1,047,591.
- Funds for the purchase were reportedly raised through the sale of existing Solana, Cardano, and AI16Z tokens.
- CEO Tim Chan stated that this Bitcoin purchase is a decision aimed at capital preservation and keeping pace with the global digital currency transition.
Universal Digital, a technology company based in Canada, has reportedly purchased 10 Bitcoins (BTC).
According to NLNico, a cryptocurrency news channel, on the 11th (local time), Universal Digital recently announced through a disclosure that it had bought 10 Bitcoins.
The disclosure stated, "We have purchased 10.02935 BTC for a total of $1,047,591 (at an average of $104,452.56 per Bitcoin)." The funds for the purchase were reportedly raised by selling existing Solana, Cardano, and AI16Z tokens.
Tim Chan, CEO of Universal Digital, commented, "This purchase marks the full-scale start of our Bitcoin-focused asset strategy," and added, "We view Bitcoin as an excellent long-term asset, and this move aligns with our goals for capital preservation and the ongoing transition to global digital currency."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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