Exodus Movement's Big Bitcoin and Ethereum Investment
Exodus Movement, a digital asset wallet provider, announced that it has a total investment of $200 million in Bitcoin (BTC) and Ethereum (ETH). According to the company's official announcement, as of December 11, Exodus has 1,900 BTC and 2,660 ETH in it.
This development has strengthened Exodus' financial structure. The company's CFO, James Gernetzke, said, "We primarily generate our revenue through Bitcoin and USDC. In the last quarter, we added 100 BTC to our coffers with the revenue we earned."
RIOT Platforms 5,117 Bitcoins have been purchased again
RIOT Platforms, one of the leading Bitcoin mining companies in the United States, recently purchased a total of 5,117 Bitcoins worth $510 million. The average price the company paid per BTC was $99,669.
With this acquisition, RIOT's total Bitcoin assets reached 16,728 BTC. In addition, the total value of these assets is about $1.68 billion. The company's CEO, Jason Les, stated that Bitcoin production in December is also included in these assets. RIOT also issued a $525 million bond last week. Analysts think that this investment is an important indicator of the company's future growth plans.#CryptoRebound: Which Coins Are You Watching?#BTCReturns to $100K: What's Next?#JoinGate Post User Survey & Win $1,000#