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Bitcoin Buys: DigitalX, The Blockchain Group Spend Millions
In a stunning display of commitment to the world’s most popular cryptocurrency, DigitalX and The Blockchain Group have jointly invested millions in acquiring more Bitcoin. The unprecedented move is expected to further solidify their position as industry leaders.
According to reports, DigitalX has successfully raised $13.5 million through a strategic placement with prominent investors such as Animoca Brands, UTXO Management, and ParaFi Capital. Notably, the capital infusion will be used primarily to expand its Bitcoin holdings, reiterating the company’s faith in the asset’s long-term potential.
In conjunction with this news, DigitalX has also established a Strategic Advisory Board, featuring notable figures such as Animoca Brands’ Executive Chairman Yat Siu and Hervé Larren, an expert in the Web3 space. The move aims to enhance the firm’s capabilities in navigating the ever-evolving landscape of the decentralized market.
On the other side of the globe, France-based blockchain company, The Blockchain Group (TBG), has secured $3.5 million in capital through a convertible bond issuance and equity financing. This influx of funds will be utilized to purchase additional Bitcoin, further solidifying its commitment to the digital gold standard.
It is worth noting that TBG also revealed the acquisition of 116 BTC on July 7th, which, in conjunction with this latest capital increase, has led to a staggering year-to-date yield of approximately 1,348%. This substantial return showcases the remarkable performance of Bitcoin over the past few months and highlights the firms’ confidence in its long-term prospects.
The combined effort by these two industry leaders demonstrates their unwavering commitment to Bitcoin and solidifies their stance as key players in the cryptocurrency space.
Source: www.coinspeaker.com
