CDT Executes Cryptocurrency Treasury Reserve Strategy

Core Insights - CDT Equity Inc. has announced the acquisition of 8.65252366 Bitcoin for a total cost of $1,000,000, averaging $115,285 per Bitcoin [1][2]. Group 1: Strategic Acquisition - The acquisition of Bitcoin is part of CDT's treasury reserve strategy aimed at enhancing financial stability and resilience of the balance sheet [2][3]. - This move aligns with the growing institutional adoption of digital assets in a regulatory environment that is becoming more favorable [2]. Group 2: Management Commentary - James Bligh, CFO of CDT, expressed satisfaction with the execution of this strategy, emphasizing its role in diversifying the balance sheet and supporting an innovation-driven business model [3]. - The company is committed to continuously evaluating asset allocation to optimize its treasury portfolio and enhance shareholder returns [3].