Canadian investment firm Cypherpunk sells ETH and XMR assets to buy more BTC.

11月
27
2020-11-27 22:20
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According to Coindesk, publicly traded Canadian company Cypherpunk Holdings has given up its Ethereum and Monero assets to invest in Bitcoin. The company said Thursday that its Bitcoin capital rose to 276,479, up 279% from 72.979 at the end of the second quarter. The company provides funding for additional Bitcoin investments through “fully liquidated” Monero (XMR) and Ethereum (ETH) contracts. A portion of the proceeds from the C $ 505,000 (approximately US $ 400,000) deposit that closed on August 27 was also used to purchase Bitcoin.

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