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LONDON - Vinanz Limited, a London Stock Exchange (LON:LSEG) Main Market listed company with Bitcoin operations in North America, has announced its participation in the "Bitcoin for Corporations" initiative. This move aligns with the company’s strategy to grow its Bitcoin treasury holdings and collaborate with other corporate entities in adopting Bitcoin as a primary reserve asset.
The initiative, spearheaded by Strategy Inc. and Bitcoin Magazine, aims to facilitate the adoption of Bitcoin by public companies, offering resources and networking opportunities to integrate the cryptocurrency into their treasury management. Vinanz’s engagement in the program reflects its commitment to expanding its Bitcoin treasury and mining operations.
David Lenigas, Chairman of Vinanz, stated that the company views Bitcoin as a monetary standard, akin to managing currency exposure in traditional fiat currencies. He emphasized that building the company’s treasury in Bitcoin is a strategic move to establish a robust balance sheet and align with institutions that view Bitcoin as a future primary treasury asset.
The announcement underlines Vinanz’s proactive approach to incorporating Bitcoin into their financial strategy and positions the company among the forefront of institutions adapting to the evolving digital asset landscape. This information is based on a press release statement.
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