Universal Digital, a company listed in Canada, has begun its Bitcoin accumulation strategy by purchasing 10 Bitcoin for its treasury.
This company is gradually converting its Altcoin portfolio to Bitcoin and collaborating with GFA – a company listed in Tokyo – to build a Bitcoin reserve model for listed companies in the Asia region.
MAIN CONTENT
Universal Digital purchases 10 Bitcoin as the first treasury reserve asset.
The company plans to reduce Altcoin and shift to Bitcoin accumulation.
Collaborating with GFA to design a Bitcoin reserve model for listed companies in Asia.
What steps has Universal Digital taken in its Bitcoin reserve strategy?
Universal Digital has purchased 10 Bitcoin into the company treasury as the first step in the new strategy, demonstrating a serious and professional commitment to cryptocurrency investment, based on market experience and analysis.
This was announced on July 11 according to the official announcement from the company. This move not only marks a significant shift from holding Altcoins to Bitcoin but also reflects the trend of preserving asset value through stable and highly recognized cryptocurrencies like Bitcoin.
Why is Universal Digital shifting from Altcoin to Bitcoin?
A global financial expert and CEO of Universal Digital stated that Bitcoin was chosen for its high security, large liquidity, and long-term value retention, which is superior to many highly volatile Altcoins.
Gradually converting the Altcoin portfolio to Bitcoin helps reduce market risk, creates stability for the corporate treasury, and aligns with professional risk management needs and sustainable development strategies.
How does Universal Digital collaborate with GFA in developing the Bitcoin reserve model?
The two companies have signed a non-binding cooperation agreement to design a Bitcoin reserve to support listed companies in Asia. This move is based on deep expertise and practical experience in the Japanese and Canadian markets.
According to the agreement, both will jointly develop financial instruments such as Bitcoin warrants while refining the legal framework and safe custody process for digital assets, increasing transparency and trust.
The Bitcoin reserve model not only preserves value but also opens up new financial opportunities for listed companies in Asia,” said the CEO of Universal Digital in July 2024.
CEO of Universal Digital, 07/2024, official press release
How does the Bitcoin reserve strategy affect the regional financial sector?
A financial analyst at the Asia Cryptocurrency Research Institute stated that the gradual shift of listed companies to Bitcoin accumulation will promote stability and professionalism in cryptocurrency investment portfolios in the Asian market.
Moreover, international cooperation such as that between Universal Digital and GFA facilitates the development of the global cryptocurrency ecosystem, enhancing DeFi capabilities and increasing effective investment tools.
Compare Universal Digital's Bitcoin reserve strategy with other listed companies
Company Strategy Treasury Partners Collaboration Start Date Universal Digital (Canada) Buy 10 Bitcoin, reduce Altcoin, build reserve model for Asia GFA (Japan) 07/2024 Other similar companies Have not announced clear strategies, prioritize Altcoin No public collaboration Not determined
Frequently Asked Questions
How many Bitcoin has Universal Digital purchased in its treasury investment?
Universal Digital purchased 10 Bitcoin as the first reserve asset in July 2024, reflecting a safe and long-term investment direction.
Why does the company choose Bitcoin over Altcoin?
Bitcoin is favored due to its high security, large liquidity, and greater stability compared to highly volatile Altcoins, aligning with corporate risk management goals.
What kind of company is GFA in this agreement?
GFA is a company listed in Tokyo, collaborating to design a Bitcoin reserve model and strengthen the legal framework for digital assets in the Asia region.
How does the Bitcoin reserve strategy affect the regional cryptocurrency market?
This move enhances professionalism, stabilizes the cryptocurrency portfolio, and promotes the development of DeFi tools in Asia.
Does the company plan to develop any additional financial instruments?
Universal Digital and GFA plan to develop Bitcoin warrants and upgrade the digital asset custody system to enhance financial capability and transparency.
Source: https://tintucbitcoin.com/universal-digital-mua-10-bitcoin-dau-tien/
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