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crypto.news 2025-01-21 18:09:45

Oxbridge to add Bitcoin and Ethereum in treasury reserves

Oxbridge Re Holdings Limited, a publicly listed company specializing in reinsurance and tokenized real-world assets, has announced the inclusion of Bitcoin and Ethereum in its treasury reserve strategy. The decision highlights the company’s focus on diversifying its financial holdings by incorporating blockchain-based opportunities, such as Bitcoin ( BTC ) and Ethereum ( ETH ), according to a company release. CEO Jay Madhu emphasized Bitcoin’s reliability as a store of value, pointing to its increasing adoption and price stability. “Our Board of Directors believes that Bitcoin, in particular, has demonstrated its reliability as a store of value amid rising global adoption, supported by significant price appreciation and growing investor confidence,” said Madhu. This move aligns with Oxbridge’s broader blockchain initiatives, led by its Web3 -focused subsidiary, SurancePlus Inc. SurancePlus is working to transform access to reinsurance investments through tokenization and decentralization. As part of these efforts, SurancePlus plans to launch two new tokens tied to upcoming reinsurance contracts: one targeting a 20% return and another high-yield option aimed at a 42% return. Both tokens will be backed by reinsurance contracts facilitated through Oxbridge’s sidecar vehicle, Oxbridge Re NS. You might also like: Rex Shares files for TRUMP and DOGE ETFs Other Bitcoin reserves KULR Technology Group and Genius Group Limited both just increased their Bitcoin holdings as part of their treasury strategies. KULR acquired 510 BTC worth $50 million, while Genius Group purchased 420 BTC valued at $40 million. Both companies have committed over 90% of their reserves to cryptocurrency. MicroStrategy, a company recognized for its Bitcoin investment strategy, continued its aggressive purchasing of Bitcoin. The firm acquired an additional 11,000 Bitcoin for $1.1 billion. You might also like: KULR, Genius Group expand Bitcoin holdings

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