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Bitcoin Treasury Corp boosts handles at 771 BTC, plan lending after fresh $ 51m buy


Bitcoin Treasury Corporation, a Canadian firm focused on Bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 Bitcoin

For CAD $ 70 million ($ 51 million) and strengthening its total handling at 771.37 BTC.

The accumulation works on almost 0.0000634 BTC per fully diluted part, the company said on a Friday Press release. Toronto-based firm plans to lend part of the BTC Treasury to trading desks and other counterparts that require ready access to cryptocurrency.

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The approach is a reflection of many other companies that have adopted Bitcoin as a Treasury reserve.

Companies exchanged publicly hold a total of 841,715 BTC worth more than $ 90 billion, according to Bitcointreasuries The data, while private companies are estimated to hold 290,878 BTC worth more than $ 31 billion.



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