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Keel Sells Its Entire Bitcoin Treasury for $192 Million
(3 hours ago) · 1 source · Summarized by CryptoBipto
Keel (KEEL) has reportedly sold its full Bitcoin treasury holdings for approximately $192 million. The company has also announced plans to sell Bitcoin on a daily basis going forward.
WHY IT MATTERS
Some companies buy and hold Bitcoin in their corporate treasuries, similar to how a business might keep cash reserves in a bank account but choosing Bitcoin instead.
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SOURCES
- bitcoinmagazine.com
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