Public Company Sells Part Of Its Gold Holdings To Buy Solana
Digital Commodities has bought approximately C$100,000 of SOL, equal to about 5% of its estimated net asset value. The Solana purchase was funded by selling part of the company’s physical gold position. Bitcoin remains the foundation of its reserve strategy, with the company continuing to hold 11 BTC alongside cash.
Key Takeaways
- Digital Commodities has bought approximately C$100,000 of SOL, equal to about 5% of its estimated net asset value.
- The Solana purchase was funded by selling part of the company’s physical gold position.
- Bitcoin remains the foundation of its reserve strategy, with the company continuing to hold 11 BTC alongside cash.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Your Cat’s Unique Vocalization May Mimic the Sound of an Infants Cry
A 2009 Current Biology study led by University of Sussex researcher Karen McComb found that cats purring to solicit food embed a hidden high-frequency element peaking between 220 and 520 Hz (mean 380 Hz) inside the usual low rumble. The team said the…
Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.
Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score
A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.