Sixty Six Capital Boosts Bitcoin Holdings with 18.2 BTC Purchase and $2.5M Private Placement

Sixty Six Capital, a Canadian publicly traded firm, has expanded its cryptocurrency portfolio by acquiring an additional 18.2 bitcoins. This strategic move follows the company’s prior investment of 113 bitcoins, which were initially held via a bitcoin ETF. The firm is now transitioning from indirect ETF exposure to direct ownership of the digital assets, reflecting a shift towards enhanced asset control and liquidity. Furthermore, Sixty Six Capital has announced plans for a private placement financing aimed at raising up to $2.5 million. The capital raised will be allocated to further augment its bitcoin reserves, signaling a continued commitment to increasing its footprint in the cryptocurrency market. This development underscores the growing trend among institutional investors to hold bitcoin directly, optimizing portfolio diversification and risk management strategies.

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