Crypto mining company NetBrands to establish a $100 million digital asset treasury
On October 13, it was reported that NetBrands, a cryptocurrency mining company currently listed on the US OTC market, announced the launch of a "tiered" digital asset treasury. This treasury will use BTC as a long-term reserve asset and will maximize the retention of mined bitcoin. It will also invest in ETH and AAVE, and explore obtaining additional returns such as staking with these two cryptocurrencies. The initial funding for this treasury is $10 million, with an overall target scale of $100 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York gold futures surpass $4,100
Bitcoin OG whale increases BTC short positions, leverage raised from 10x to 20x
Bitget launches "Million Recovery Subsidy" campaign
Trending news
MoreCrypto prices
More








