JUST IN: Blockmate Ventures launches Bitcoin treasury division and adopts a “mine-and-hold” strategy 🟧 https://t.co/IUzmhlnZ2g ...

Core Insights - Blockmate Ventures Inc. has launched a dedicated Bitcoin treasury division, aligning its corporate strategy with a long-term belief in Bitcoin's value [1][2] - The division has established secure wallet infrastructure and completed an initial purchase of one Bitcoin, reflecting the company's conviction in Bitcoin as a strategic treasury asset [2] - Blockmate Mining, a wholly owned subsidiary, is pursuing a "mine-and-hold" strategy to accumulate Bitcoin on its balance sheet as operations scale [3] Financial and Operational Highlights - 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 (MW) of mining infrastructure [4] - A fully utilized 200MW site could generate approximately 200 Bitcoin per month and support mining at an estimated 40% discount to the prevailing spot price [5] - The company plans to regularly assess further treasury purchases to enhance balance sheet agility alongside its mine-and-hold strategy [6] Strategic Outlook - CEO Justin Rosenberg emphasized that holding Bitcoin provides capital growth opportunities and liquidity options for the company [6] - Planned Bitcoin acquisitions are under review and will be disclosed through the TSX Venture Exchange in due course [7] - Blockmate Ventures operates in the Blockchain & Web3 sector, investing in scalable blockchain, mining, and digital infrastructure companies [7]