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.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Bitcoin entered the TOP 5 companies by capitalization
Bitcoin's rally allowed it to enter the TOP 5 of the world's most valuable companies. Its capitalization as of the morning of October 25 amounted to 1.185 trillion. US dollars.
SOPR indicator: investors are selling Bitcoin at a loss
The SOPR on-chain indicator shows that traders are dumping Bitcoin at a loss, believing that BTC will continue its decline.
