Coinsilium enhances its cryptocurrency treasury with 7.6539 new Bitcoin
Strategic investment according to Bitcoin treasury policy
On June 18, according to a report from investing.com, the renowned blockchain company in the UK, Coinsilium Group Limited (AQSE:COIN | OTCQB: CINGF), completed the purchase of 7.6539 Bitcoin through its subsidiary in Gibraltar, Forza Gibraltar. This transaction was worth £600,000, equivalent to approximately $742,657. The average price for each Bitcoin was about £78,391.41, reflecting the company's cautious buying strategy based on a systematic Bitcoin reserve policy.
Enhancing the company's Bitcoin value and reserves
After this transaction, Coinsilium's total Bitcoin holdings reached 32.8931, worth approximately £2.56 million (nearly $3.45 million). This strengthens the company's position in the cryptocurrency market and demonstrates a long-term commitment to the Bitcoin reserve strategy. The company also stated that all purchases are in accordance with the Bitcoin reserve policy, and plans to establish a special subsidiary in 2025 to coordinate this strategy.
Average cost and Bitcoin reserve policy
Coinsilium's ambition is to maintain a reasonable ratio to maximize profits from the rising value of Bitcoin. Currently, the average cost of holdings is £79,396.80 per Bitcoin. This policy helps the company maintain risk control appropriate to the volatility of the cryptocurrency market. Many organizations and businesses are closely watching how Coinsilium builds its Bitcoin reserves to maximize the benefits from the rising price of this world's leading cryptocurrency.
Source: https://tintucbitcoin.com/coinsilium-tang-holdings-bitcoin-len-gan-33btc/
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