Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26.5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot.“We proudly announce our very first decision: 500,000 DOT that will be contributed to the Acala Crowdloan. This was a decision made even before there was any public … [Read more...] about DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions
Allocates
New Zealand retirement fund reportedly allocates 5% to Bitcoin
KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors entering the digital asset space.Bitcoin’s striking similarities to gold were cited as one of the biggest reasons for entering the trade, according to … [Read more...] about New Zealand retirement fund reportedly allocates 5% to Bitcoin
Philly t-shirt company allocates $1M of its cash reserves to BTC / ETH
RushOrderTees, a t-shirt printing and embroidering company, intends to buy $1 million worth of crypto with its cash reserves, according to a recent announcement. “The company has so far purchased $300k in Bitcoin and other cryptocurrencies over the past month and will ramp to $1 million in crypto holdings by the end of April,” a March 12 public statement said. The move from … [Read more...] about Philly t-shirt company allocates $1M of its cash reserves to BTC / ETH
Norwegian investment firm allocates $58M to Bitcoin and crypto ventures
Aker ASA, a $6-billion Oslo Bors-listed holding company, is set to begin investing in Bitcoin. According to a press release issued on Monday, Aker has created a new company called Seetee AS whose mission is to invest in Bitcoin (BTC).The newly formed Seetee will also delve into the Bitcoin mining arena while looking to forge useful partnerships with major players in the crypto … [Read more...] about Norwegian investment firm allocates $58M to Bitcoin and crypto ventures