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Chainalysis Planning To Add BTC To Its Balance Sheet As Price Crosses 64K USD

Blockchain analytics firm Chainalysis is mulling over buying an unrevealed amount of BTC for the companys balance sheet through the brokerage services of New York Digital Investment Group.

Chainalysis CEO Michael Gronager mentioned,

“This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.”

In a recent blog post, Chainalysis mentioned it will expand its partnership with the New York Digital Investment Group to purchase an unrevealed amount of Bitcoin, the price of which touched a 5-month high of over 64000 USD recently. The firm further mentioned that in addition to the NYDIG’s expertise in the virtual currency domain, the purchase was “guided by strong confidence in Bitcoin”.

The co-founder and CEO of Chainalysis, Michael Gronager mentioned,

“Chainalysis is laser-focused on its commitment to building trust in cryptocurrency as a digital asset, and we are thrilled to be adding Bitcoin to our corporate investment portfolio.”

He added,

“This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.”

Chainalysis’ BTC investment will follow purchases from organisations including Square, Tesla, Voyager Digital, MicroStrategy, and Galaxy Digital. Microstrategy, the business intelligence company holds over 100K Bitcoins, worth more over seven billion dollars, at press time. Moreover, Elon Musk led electric car manufacturer Tesla presently holds an approximate 43,200 Bitcoin worth around 2.7 billion dollars.

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