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Midpoint Holdings ( (TSE:MATE) ) has provided an announcement.
Blockmate Ventures Inc. has expanded its Bitcoin treasury by acquiring an additional Bitcoin, bringing its total holdings to two. This acquisition aligns with Blockmate’s strategy to use Bitcoin as a strategic treasury asset for value preservation and risk management. The company is also developing a mining facility with competitive electricity rates, which could potentially generate significant Bitcoin output and provide financing options during high Bitcoin price scenarios. This move positions Blockmate to capitalize on Bitcoin’s market dynamics and enhance its capacity to incubate and scale innovative blockchain and Web3 projects.
More about Midpoint Holdings
Blockmate Ventures Inc. is a Blockchain and Web3 venture builder that invests in and operates scalable blockchain, mining, and digital infrastructure companies. The company’s portfolio includes decentralized computing with Hivello and Blockmate Mining, offering investors diversified exposure to emerging sectors within Web3 and beyond.
Average Trading Volume: 323,703
Technical Sentiment Signal: Buy
Current Market Cap: C$19.55M
See more data about MATE stock on TipRanks’ Stock Analysis page.