PANews reported on October 13 that according to Accessnewswire, NetBrands, a cryptocurrency mining company currently listed on the U.S. OTC market, announced that it will launch a "tiered" digital asset treasury. The treasury will use BTC as a long-term reserve asset and retain the mined Bitcoin to the greatest extent possible. It will also invest in ETH and AAVE and explore the use of these two cryptocurrencies to obtain additional returns such as staking. It is reported that the initial capital of the treasury is US$10 million, and the overall scale target is US$100 million.PANews reported on October 13 that according to Accessnewswire, NetBrands, a cryptocurrency mining company currently listed on the U.S. OTC market, announced that it will launch a "tiered" digital asset treasury. The treasury will use BTC as a long-term reserve asset and retain the mined Bitcoin to the greatest extent possible. It will also invest in ETH and AAVE and explore the use of these two cryptocurrencies to obtain additional returns such as staking. It is reported that the initial capital of the treasury is US$10 million, and the overall scale target is US$100 million.
Crypto mining firm NetBrands to establish $100 million digital asset treasury
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PANews reported on October 13 that according to Accessnewswire, NetBrands, a cryptocurrency mining company currently listed on the U.S. OTC market, announced that it will launch a "tiered" digital asset treasury. The treasury will use BTC as a long-term reserve asset and retain the mined Bitcoin to the greatest extent possible. It will also invest in ETH and AAVE and explore the use of these two cryptocurrencies to obtain additional returns such as staking. It is reported that the initial capital of the treasury is US$10 million, and the overall scale target is US$100 million.
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