“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment,” said chief financial officeJeff Lucas.
More from Cointelegraph
Helping Afghanistan: Organizations currently accepting crypto donations
Source Node: 1037945
Time Stamp: Aug 20, 2021
The ‘Polish Elon Musk’ and a 3D portal to the Metaverse
Source Node: 1185717
Time Stamp: Feb 24, 2022
Bitcoin in line for ‘phenomenal’ weekly close if BTC price holds $49K
Source Node: 1047734
Time Stamp: Aug 28, 2021
Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet
Source Node: 900705
Time Stamp: Jun 4, 2021
Spanish banks required to report 3-year digital currency plans
Source Node: 1109376
Time Stamp: Nov 10, 2021
Chinese banks explore e-yuan for selling investment funds and insurance
Source Node: 1050617
Time Stamp: Aug 31, 2021
Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation
Source Node: 1535594
Time Stamp: Jun 24, 2022
Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support
Source Node: 1201214
Time Stamp: Mar 5, 2022
Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity
Source Node: 1546370
Time Stamp: Jun 30, 2022
NFTs and compliance: Why we need to be having this conversation
Source Node: 1151567
Time Stamp: Jan 21, 2022
US investment bank Cowen launches dedicated crypto division
Source Node: 1229108
Time Stamp: Mar 23, 2022