BlockBeats news, on July 21, reported by Business Insider, that the digital asset and fintech platform NextGen Digital Platforms Inc. (Canadian Securities Exchange code: NXT) announced today that as part of its corporate funding strategy, it has purchased $1 million worth of Bitcoin and included it in its balance sheet. This strategy includes the acquisition of specific cryptocurrencies such as Bitcoin, Ethereum, and/or Solana.
As an important measure for the diversified management strategy of corporate reserves, the NextGen plan allocates part of its idle cash to cryptocurrencies. The company recognizes these digital assets as tools for long-term value storage and their potential to hedge against systemic financial risks. Through this initiative, NextGen has become one of the increasingly numerous publicly traded companies that include cryptocurrencies in their fund management systems alongside traditional cash, cash equivalents, and securities.
According to the strategy approved by the board of directors, the company may allocate up to 80% of its cash reserves to cryptocurrencies. All assets will be held by regulated institutional custodians and will strictly adhere to applicable laws and industry best practices regarding asset security, custody, and information disclosure.
