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Blockmate expands treasury, acquires 1 more Bitcoin
Globenewswire· 2025-07-30 14:26
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]
Blockmate Launches Bitcoin Treasury Division in Line with “Mine-and-Hold” Strategy
Globenewswire· 2025-07-24 15:05
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) (“Blockmate” or the “Company”) is pleased to announce the launch of a dedicated Bitcoin treasury division, further aligning its corporate strategy with a long-term belief in the value of Bitcoin. The division has already been established, with secure wallet infrastructure in place and an initial purchase of one Bitcoin completed. This initiative reflects Blockmate’s conviction that Bitcoin will play an ...