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Lode Metals Corp. ( (TSE:LFG) ) has provided an update.
Universal Digital Inc. has executed its first treasury allocation into Bitcoin, purchasing over 10 Bitcoins as part of a strategy to hold Bitcoin as a long-term reserve asset. This move marks a significant shift in the company’s treasury strategy, enhancing its capital preservation objectives and aligning with a global trend towards digital money. The company will report a new performance metric, Bitcoin Yield, to track the success of its Bitcoin accumulation strategy. This initiative complements Universal Digital’s broader investment activities, including Bitcoin-linked ETFs and its crypto analytics platform, BullWave.
More about Lode Metals Corp.
Universal Digital Inc. is a Canadian investment company focusing on digital assets and high-growth industries, particularly in blockchain and cryptocurrency technologies. The company aims to provide long-term capital growth for shareholders through a diversified investment approach and to participate in the transformation of global finance via digital asset strategies.
Average Trading Volume: 82,919
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$37.72M
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