Blockmate expands treasury, acquires 1 more Bitcoin

Core Insights - Blockmate Ventures Inc. has expanded its Bitcoin treasury by acquiring 1 Bitcoin, increasing its total holdings to 2 Bitcoin, funded from existing cash reserves [1] - The company believes Bitcoin will become a strategic treasury asset for businesses, aiding in value preservation and risk management [2] - Blockmate Mining has secured a site with competitive electricity costs of USD 3.3 cents per kilowatt-hour, expected to support up to 200 megawatts of mining infrastructure [3] Financial and Operational Highlights - A fully utilized 200MW mining site could generate approximately 200 Bitcoin per month and operate at an estimated 40% discount to the prevailing spot price [4] - The treasury could provide financing options that benefit from both treasury appreciation and financing income when Bitcoin prices rise [4] - The company maintains a strict investment mandate and has no immediate plans to utilize the newly acquired Bitcoin for specific projects at current market prices [5] Future Outlook - Blockmate will periodically review further potential Bitcoin and digital asset acquisitions [6] - The company positions itself as a venture builder in the blockchain space, aiming for capital growth exposure to Bitcoin while developing significant capital facilities [5]