BitMax, a publicly listed Korean company, has announced a significant increase in its Bitcoin (BTC) holdings. On the 24th, the company revealed an additional purchase of BTC valued at 7.1 billion KRW (approximately $5.1 million USD). According to Edaily, this additional purchase amounted to 49.0604 BTC, bringing BitMax's total BTC holdings to an impressive 300.08 BTC. This strategic move signals a strong commitment to cryptocurrency and its potential for future growth. The company clarified that the acquisition was funded through proceeds from the issuance of its 4th convertible bond, which was finalized on June 20, 2025. This funding mechanism demonstrates a forward-thinking approach to capital allocation and investment in digital assets. The increased Bitcoin reserves can potentially provide diversification and act as a hedge against traditional market volatility for BitMax. ```

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