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CDT Equity Inc. (NASDAQ:CDT) ("CDT" or the "Company") today announced the strategic acquisition of 8.65252366 Bitcoin ("BTC") for an aggregate purchase price of $1,000,000 (inclusive of fees and expenses), at an average acquisition price of $115,285 per BTC.
By incorporating Bitcoin into its treasury reserve strategy, CDT aims to strengthen its financial position and reinforce balance sheet resilience, while aligning with the accelerating institutional adoption of digital assets within a regulatory environment that is progressively enabling broader acceptance.
"We are pleased to execute the definitive step in our cryptocurrency-based treasury reserve strategy, which is designed to diversify the Company's balance sheet and reinforce its innovation-led business model," said James Bligh, Chief Financial Officer of CDT. "We continue to evaluate our asset allocation to optimise our treasury portfolio and shareholder returns."
Posted In: CDT
