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CDT Equity Buys $1 Million in Bitcoin, Expanding Crypto Holdings

The Nasdaq-listed firm purchased over 9 BTC at an average price of $108,301.75, raising its reserves to nearly 18 BTC under its ongoing digital asset strategy.

BTC

Summary

CDT Equity, a Nasdaq-listed company, has acquired 9.25648743 BTC for approximately $1,005,000 at an average purchase price of $108,301.75 per Bitcoin. Following this transaction, the firm’s total cryptocurrency holdings stand at 17.9090111 BTC. The company stated that the acquisition aligns with its strategic objective to continue expanding its cryptocurrency reserves.

Terms & Concepts
  • Bitcoin (BTC): The first decentralized digital currency, operating on a peer-to-peer blockchain network and used as a store of value or medium of exchange.
  • Cryptocurrency Reserves: Digital asset holdings maintained by a company or institution as part of its treasury or investment strategy.
  • Average Purchase Price: The mean cost per unit of an asset acquired in a transaction, used to determine overall investment value.