France’s CBI announces plan to expand Bitcoin purchases… Strategy to acquire 2,000 BTC unveiled
Minseung Kang
Summary
- French-listed company CBI reportedly increased its total Bitcoin holdings to 25.07 BTC through additional purchases over the past three months.
- CBI announced a plan to secure up to 2,000 BTC (worth about €200 million) through a strategic agreement with SAFEbit.
- This agreement involves exchanging company shares at a discounted price instead of cash and is described as part of a large-scale Bitcoin purchase strategy.
French-listed company Crypto Blockchain Industries (CBI) has set out to increase its Bitcoin (BTC) holdings. Over the past three months, it purchased an additional 21.52 BTC, bringing its total holdings to 25.07 BTC.
According to the virtual asset (cryptocurrency) channel NLNiko on the 1st, CBI has signed a strategic agreement with SAFEbit and plans to secure up to 2,000 BTC (worth approximately €200 million) in the future. This agreement will be executed not with cash, but by exchanging company shares at a discounted price.
CBI has reportedly been expanding its Bitcoin treasury (corporate financial assets) since the recent quarter. This deal is interpreted as part of a large-scale acquisition strategy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
