Despite the fluctuations in the market, companies continue to buy Bitcoin. After MicroStrategy recently added 301 BTC to its 130 thousand BTC, another company bought Bitcoin and Ether for $ 20 million.
The acquisition came from US-based Cambrian Asset Management, a quantitative investment firm specializing in digital assets. The company bought about $13 million worth of Ether and $7 million worth of Bitcoin for its investors.
The digital asset manager, which has approximately $ 250 million in assets under his management, announced the reopening of systematic Bitcoin and Ethereum funds last March.
The first-of-its-kind funds reportedly have a strategy that mitigates downside risks and maintains significant upside potential, while trying to delay taxable events for investors.
consecutive Bitcoin purchases
The previous day, the global software company MicroStrategy also announced that it had increased its Bitcoin reserve to 130,000. In a statement, the company reported that it received 301 Bitcoins for an average of $ 19,851 for about $ 6 million.
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