Newfire Technology increased its holdings by 24.29 Bitcoins, with a total investment not exceeding $5 million.
AI Summary1 min read
TL;DR
Newfire Technology plans to buy up to $5 million in Bitcoin to diversify assets. It has already purchased 24.29 Bitcoins for about $2 million at an average cost of $82,338 each.
Tags
BitcoinHalving TokensLayer 1Newfire TechnologyInvestmentAsset Diversification
According to a Hong Odaily Exchange announcement, Newfire Technology Holdings Limited announced that its board of directors plans to purchase up to US$5 million (approximately HK$39 million) worth of Bitcoin on public cryptocurrency trading platforms to diversify its assets. As of the date of the announcement, the company has completed the purchase of approximately 24.29 Bitcoins at an average cost of US$82,338 per Bitcoin, for a total investment of approximately US$2 million (approximately HK$15.6 million).