Strategy

The decision to pivot towards an operating model reflects our belief in the long-term potential of establishing a bitcoin treasury, particularly as it continues to gain traction among institutional and retail investors. By establishing this JV, we aim to enhance our operational capabilities, diversify, and ultimately create value for our shareholders.

​

Various institutional investors and companies have begun to accumulate Bitcoin as part of their strategic reserves, highlighting its growing acceptance as a legitimate asset class. MicroStrategy, a prominent American business intelligence firm, has made headlines by holding over 130,000 BTC, viewing it as a primary treasury reserve asset, which has significantly increased its market valuation. Tokyo-listed Metaplanet Inc. has accumulated over 5,000 BTC, achieving an impressive year-to-date treasury yield that surpasses 120 percent after establishing a dedicated U.S. subsidiary to bolster its reserves. 

 

In a significant development in the realm of digital currencies, the U.S. government is exploring the possibility of adopting Bitcoin as a strategic reserve asset. This initiative reflects a growing recognition of Bitcoin's potential to enhance financial stability and diversify national reserves.

 

As various countries begin to embrace cryptocurrencies, El Salvador has emerged as a trailblazer by officially adopting Bitcoin as legal tender. This historic move has garnered global attention, positioning El Salvador at the forefront of the cryptocurrency revolution. The nation aims to leverage Bitcoin's advantages to stimulate economic growth, attract foreign investment, and provide financial services to the unbanked population.

 

These examples collectively strengthen the Board's conviction that a Bitcoin treasury can not only substantially increase shareholder value and serve as a hedge against inflation but also offer the potential for exponential growth.