Canadian listed company Planet Ventures additionally purchases 3 Bitcoins…Increases holdings to 25.8 BTC
Summary
- Planet Ventures announced that it has increased its total Bitcoin holdings to 25.83 BTC by additionally purchasing 3 Bitcoins.
- It was reported that the average purchase price for this acquisition was CAD 165,760.99 per Bitcoin.
- Planet Ventures emphasized that holding Bitcoin is a strategy to enhance corporate value in the medium and long term.
Planet Ventures, an investment company listed on the Canadian stock exchange, has expanded its holdings by additionally purchasing 3 Bitcoins (BTC).
According to The Newswire on the 18th, Planet Ventures announced that it had invested a total of CAD 500,000 from its existing cash reserves to purchase an additional 3.0164 BTC. As a result, the company's total Bitcoin holdings have increased to 25.83 BTC.
The average purchase price for this transaction was calculated at CAD 165,760.99 per Bitcoin (USD 120,528.47). The company's total cumulative Bitcoin investment amounts to CAD 4,000,000 (about USD 2,908,500), and the overall average Bitcoin purchase price is about USD 112,603.66.
Planet Ventures emphasized, "With the rising global demand for digital assets and growing interest in decentralized financial infrastructure, holding Bitcoin is a strategy to enhance corporate value in the medium to long term."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
