Coin Citadel, the company that has been involved in bitcoin-based business for a while now has decided to increase its bitcoin holding by over $750,000 in the coming days. The announcement was made by the company in a press release earlier today.
While Coin Citadel has already explained about its intentions to increase its holdings, the company has not divulged any specific details about from where the company will be receiving the bitcoin. But by raising about 1675 bitcoins as part of the non-dilutive stock transition, the company’s total holding will stand at 2251 bitcoins, which is over $1 million.
In addition, Coin Citadel has revealed that the company is also acquiring two additional assets, the details of which will be revealed only after another week. James Pulver, the CEO of Coin Citadel was quoted in the press release saying
“My job is to add value to the company and to take advantage of opportunities like this. The more prudent acquisitions we make and assets we have, the more valuable out the company will be. With this Bitcoin asset, we will have over $1 million in bitcoins to complement out new upcoming acquisitions. With everything falling into place we feel we are