CoinVoice has learned that, according to Business Insider, 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 on its balance sheet. This strategy includes the acquisition of specific cryptocurrency assets such as Bitcoin, Ethereum, and/or Solana.
As an important initiative in the diversified management strategy of corporate reserves, NextGen plans to allocate part of its idle cash to cryptocurrency assets. The company recognizes these digital assets as potential long-term value storage tools and hedges against systemic financial risks. With this initiative, NextGen becomes one of the growing number of publicly traded companies incorporating cryptocurrency assets alongside traditional cash, cash equivalents, and securities into their fund management systems.
According to the strategy approved by the board of directors, the company may allocate up to 80% of its capital reserves to cryptocurrency assets. All assets will be held by regulated institutional custodians and will strictly comply with applicable laws and industry best practices regarding asset security, custody, and information disclosure. [Original link]
