## BitMax Boosts Bitcoin Holdings to 551 BTC BitMax, a publicly listed South Korean company, has significantly increased its Bitcoin (BTC) holdings by purchasing an additional 51.1 BTC at an average price of ₩161,170,000 (approximately $120,000 USD). This latest acquisition, valued at ₩8,238,080,000 (approximately $6.1 million USD), brings BitMax's total BTC holdings to an impressive 551 BTC. ## Expanding Asset Diversification and Corporate Value A BitMax representative highlighted the increasing institutional interest in Bitcoin, citing the recent US executive order allowing 401(k) retirement pensions to invest in virtual assets. This move is expected to drive significant capital, estimated at around $265 million USD, into the Bitcoin market. BitMax views this additional Bitcoin purchase as a strategic move to further diversify its assets and enhance overall corporate value, recognizing Bitcoin's growing importance within the global financial system. The company anticipates continued growth and adoption of cryptocurrencies, reinforcing its commitment to digital asset investment. ```

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