Summary
- Swedish listed company Fragbite announced that it has begun a Bitcoin reserve strategy.
- Fragbite reported that it purchased 4.3 BTC at $112,958 per 1 BTC.
- Fragbite said it expects to strengthen its capital structure and create shareholder value through continued Bitcoin purchases.
The Swedish listed digital entertainment company Fragbite Group has initiated a Bitcoin (BTC) reserve strategy.
According to NLNico, a cryptocurrency news channel, on the 22nd (local time), Fragbite announced that it had acquired 4.3 BTC as part of its Bitcoin reserve strategy. The average purchase price per 1 BTC was $112,958.
Fragbite stated, "We will continue to purchase Bitcoin to strengthen the company's capital structure" and added, "This will also have a positive impact on shareholder value."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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