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CDT Equity executes cryptocurrency treasury reserve strategy – TipRanks

CDT Equity (CDT) announced the strategic acquisition of 8.65252366 Bitcoin for an aggregate purchase price of $1,000,000, at an average acquisition price of $115,285 per BTC. “We are pleased to execute the definitive step in our cryptocurrency-based treasury reserve strategy, which is designed to diversify the Company’s balance sheet and reinforce its innovation-led business model,” said James Bligh, Chief Financial Officer of CDT. “We continue to evaluate our asset allocation to optimise our treasury portfolio and shareholder returns.”

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