Bitcoin Firm Launches Silver Reserve Initiative
A company listed on NYSE American has announced the launch of a strategic silver reserve initiative. The goal is to acquire 100,000 ounces of silver over the coming period, aiming to strengthen the company's balance sheet for long-term stability.
Parallel Strategy for Silver and Bitcoin
The firm stated that the silver reserve plan is inspired by its successful Bitcoin strategy, diversifying its asset portfolio to enhance financial resilience. Currently, its Bitcoin holdings have increased to approximately 600 BTC, including assets held by its subsidiaries.
Bitcoin Holdings by Subsidiaries
- Sentinum, a wholly owned subsidiary, holds around 554 BTC
- Another subsidiary, ACG, acquired approximately 46 BTC from the public market
This move demonstrates the company's confidence in the long-term value of both precious metals and digital assets, aiming for sustainable growth through multi-dimensional asset allocation.