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GIBRALTAR - Digital asset venture builder Coinsilium Group Limited (AQSE:COIN | OTCQB: CINGF) purchased 14.9023 bitcoin at an average price of £80,524.48 (approximately $109,603.35) per bitcoin, according to a Monday statement from the company.
The acquisition, valued at £1.2 million, brings the total bitcoin holdings of Coinsilium’s wholly owned Gibraltar subsidiary, Forza Gibraltar Limited, to 88.6327 bitcoin. The aggregate holdings are now valued at approximately £7.1 million ($9.66 million), with an average purchase price of £79,334.26 ($107,649.77) per bitcoin.
Forza Gibraltar Limited was established specifically to implement Coinsilium’s bitcoin-focused treasury operations. The company stated that all bitcoin purchases are being conducted in accordance with its Bitcoin Treasury Policy.
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 is quoted on the Aquis Stock Exchange Growth Market in London and cross-traded on OTC Markets in New York.
The company noted in its press release that bitcoin is considered a high-risk and speculative asset by the Financial Conduct Authority, with potential for extreme price volatility.
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