Chainalysis announced an expansion of its long-standing partnership with NYDIG, under which the company will convert a portion of its reserves into Bitcoin.
The company did not specify either the size or the average purchase price. What is known is that NYDIG will provide custodial services and will support future Bitcoin acquisitions.
Michael Gronager, co-founder and principal of Chainalysis, said:
Chainalysis is focused on our commitment to building trust in cryptocurrency as a digital asset, and we are thrilled to add Bitcoin to our corporate investment portfolio.
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