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GIBRALTAR - Digital asset venture builder Coinsilium Group Limited (AQSE:COIN | OTCQB: CINGF) has purchased 10.2489 bitcoin at an average price of £89,765.73 per bitcoin, totaling £920,000, according to a Friday statement from the company.
Following this acquisition, Coinsilium’s wholly owned Gibraltar subsidiary, Forza Gibraltar Limited, now holds 112 bitcoin with an aggregate average purchase price of £81,710.15 per bitcoin. The total value of the company’s bitcoin holdings stands at approximately £9.99 million ($13.5 million).
The latest purchase is part of Coinsilium’s bitcoin treasury operations implemented through Forza, which was established to manage the company’s dedicated bitcoin-focused treasury activities.
Coinsilium, which has been operating in the digital asset sector since 2015, maintains a portfolio of strategic investments across blockchain, financial technology, and digital infrastructure companies.
The company noted that all bitcoin purchases are being conducted in accordance with its Bitcoin Treasury Policy. The policy is designed to enhance the company’s long-term financial resilience and provide a foundation to support future growth.
The announcement comes as bitcoin continues to be viewed by some companies as a strategic reserve asset, despite the Financial Conduct Authority’s classification of digital assets like bitcoin as high-risk and speculative investments subject to extreme price volatility.
Coinsilium’s bitcoin holdings are stored by third-party, regulated, institutional-grade custodians, according to the press release statement.
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