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101 sats \ 2 replies \ @nerd2ninja 28 May \ on: Healthcare company buys 581 BTC, adopted Bitcoin as its primary reserve asset. bitcoin
No they didn't, they bought an ETF which is very different. So different that it means they still don't own Bitcoin
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No...I can get you a link that proves me wrong though...
Historical Execution
In May 2024, we purchased 581 bitcoins at an aggregate purchase price of $40 million, inclusive of fees and expenses. We purchased the bitcoin over-the-counter through a bitcoin liquidity provider. We negotiated fees related to trading commissions. We executed trades using a time-weighted average price over a prearranged time period that was expected to be low price volatility and high market liquidity to limit cost and pricing risks. In selecting our liquidity provider, we evaluated pricing, annual trading volume, security and customer service.
Custody
Our bitcoins are held offline in cold storage with a third-party provider. Digital assets like bitcoin depend on private keys to retrieve and transfer funds.
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