cryptocurrency December continues to be extremely positive for investors and another good news has arrived. Institutional demand is increasing and last week saw the highest net inflows. Moreover, inflows into altcoins have increased significantly. Just now, one of the popular crypto companies announced the purchase of hundreds of millions of dollars of BTC.
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based in North America Bitcoin $98,523.4 Mining company Riot Platforms announced its bond issuance today. The company, whose shares increased by 5%, is trying to get the maximum benefit from the rise in cryptocurrency markets. The company is expected to issue bonds worth half a billion dollars. The resulting cash will be used for BTC purchases and corporate expenses.
MicroStrategy’s aggressive BTC The acquisition strategy also enabled companies related to cryptocurrencies to strengthen their reserves with BTC. This has also become an important strategy for companies that have nothing to do with cryptocurrencies but want to stimulate their share prices.
As the rise in the markets continues, the Bitcoin mining company will be able to profit from the ongoing rise by strengthening its cash reserves with the BTC it purchased.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
