The Canadian firm has acquired an additional 3.06 Bitcoin for 500,000 CAD, reflecting a significant rise in its digital asset investments as total holdings reach nearly 29 BTC.
Planet Ventures Inc. has purchased 3.06 Bitcoin for 500,000 CAD, raising its total holdings to 28.89 BTC. The company's per-share Bitcoin holding increased to 14.01 satoshis, a rise of over 750% since June 26. With total investments of 4.5 million CAD in Bitcoin, the average cost per Bitcoin is 155,800 CAD. The firm plans to raise up to 5 million CAD through convertible bonds to acquire more Bitcoin.