On July 1st, Sixty Six Capital, a Canadian publicly traded firm, expanded its cryptocurrency portfolio by acquiring an additional 13.5 BTC via a Bitcoin ETF. This strategic move increased their ETF-based Bitcoin holdings to 126.8 BTC, complemented by 18.2 BTC held in spot assets. The company has outlined plans to transition its ETF holdings into direct spot Bitcoin ownership, aiming to consolidate a total position nearing 145 BTC. This approach reflects a broader institutional trend favoring direct asset control over derivative exposure, underscoring Sixty Six Capital’s commitment to strengthening its digital asset footprint within the evolving crypto investment landscape.
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Source: https://en.coinotag.com/breakingnews/sixty-six-capital-boosts-bitcoin-holdings-to-145-btc-plans-shift-from-etf-to-spot-bitcoin/