On June 27, Bitcoin Treasury Capital announced the acquisition of an additional 81 Bitcoins for $8.7 million, just a day after the firm announced the initiation of a long-term treasury strategy.
According to the official post on X, each Bitcoin is valued at around $106,993. Today’s acquisition brings the total count to 147 Bitcoins.
Amid growing institutional and mainstream adoption, Bitcoin Treasury Capital entered the top 30 companies with the biggest Bitcoin holdings into its treasury.
While acquiring the first 66 Bitcoins on June 26, Christoffer De Geer, CEO of Bitcoin Treasury Capital, said,”66 Bitcoins is an excellent start and from here the plan is to accelerate our purchases of the world’s most valuable digital asset,” says Christoffer De Geer.
Bitcoin Treasury Capital is a Swedish Company located in Stockholm, which was founded earlier this year. The company aims to provide structured, equity-based exposure to Bitcoin as a treasury reserve asset.
This comes after a Canada-based company, Bitcoin Treasury Corporation, revealed its relisting on the TSX Venture Exchange and acquired 292.8 Bitcoins as part of its institutional Bitcoin strategy.
Bitcoin Treasury Corporation (often referred to as BTCT) is a Canadian-based company that recently made headlines for relisting on the TSX Venture Exchange and acquiring 292.8 BTC as part of its institutional Bitcoin strategy.
Companies Establish Bitcoin Reserves to Capitalize on Growth
Earlier, Florian Wimmer, CEO of Blockpit, said: “A Bitcoin Strategic Reserve is not just a financial position—it’s a policy signal.”
As governments around the world are intensifying legislative efforts to establish regulations to help the crypto community expand, the number of crypto regulations is growing with every passing day.
According to the latest report, many countries are preparing to create a national Bitcoin reserve after observing the success of countries like El Salvador and Bhutan.
DWF Ventures recently published a report, which states that 12 listed companies have adopted cryptocurrency treasury strategies and collectively hold more than $76 billion in digital assets. The list includes big names like Strategy, GameStop, Metaplanet, Tesla, and so on.
Earlier this year, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve by using seized Bitcoins. This move has spread euphoria in the crypto community, boosting market confidence.
Crypto czar David Sacks said, “The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold’.”
Also Read: South Korea Seize $3.2M in Crypto in Major Foreign Exchange Probe
