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An announcement from Midpoint Holdings ( (TSE:MATE) ) is now available.
Blockmate Ventures Inc. has launched a dedicated Bitcoin treasury division as part of its ‘mine-and-hold’ strategy, reflecting its belief in Bitcoin’s value as a strategic treasury asset. This move complements its existing operations through Blockmate Mining, which aims to accumulate Bitcoin on its balance sheet. The company has secured a site with competitive electricity rates, potentially supporting significant mining infrastructure, though it currently lacks the hardware to fully utilize this capacity. The initiative is expected to provide capital growth opportunities for shareholders and enhance balance sheet agility, despite the inherent market risks associated with Bitcoin’s volatility.
More about Midpoint Holdings
Blockmate Ventures Inc. is a Blockchain & Web3 venture builder that invests in and operates scalable blockchain, mining, and digital infrastructure companies. The company’s portfolio, including decentralized computing with Hivello and Blockmate Mining, offers investors diversified exposure to emerging sectors within Web3 and beyond.
Average Trading Volume: 337,411
Technical Sentiment Signal: Buy
Current Market Cap: C$21M
Find detailed analytics on MATE stock on TipRanks’ Stock Analysis page.