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LONDON - Digital asset investment company Coinsilium Group Limited (AQSE:COIN | OTCQB: CINGF) has acquired an additional 15.2080 bitcoin at an average price of £78,906.05 per bitcoin, according to a company statement released Wednesday.
The purchase, valued at £1,200,000 ($1.63 million), brings the total bitcoin holdings of the company’s wholly owned Gibraltar subsidiary, Forza Gibraltar Limited, to 58.3157 bitcoin. The aggregate value of these holdings now stands at approximately £4.59 million ($6.24 million).
Forza Gibraltar Limited was established specifically to implement Coinsilium’s bitcoin-focused treasury operations. The company maintains an average purchase price across all holdings of £79,080.08 per bitcoin ($106,946.46).
Coinsilium, which has been operating in the digital asset sector since 2015, describes itself as having "played a pioneering role in supporting blockchain innovation." The company maintains a portfolio of strategic investments across the digital asset space, including equity interests in blockchain and financial technology companies.
The bitcoin purchases are being conducted in accordance with the company’s Bitcoin Treasury Policy, which was designed to enhance Coinsilium’s "long-term financial resilience and provide a sound treasury foundation to support its future growth," according to the press release.
Storage of all bitcoin holdings is handled by third-party, regulated, institutional-grade custodians, the company stated.
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