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Massive Bitcoin and Ethereum investment from Exodus Movement
Digital asset wallet provider Exodus Movement has announced that it has a total of $200 million worth of Bitcoin (BTC) and Ethereum (ETH) investments. According to the company's official statement, as of December 11, Exodus holds 1,900 BTC and 2,660 ETH.
This development further strengthens Exodus' financial structure. James Gernetzke, the company's CFO, said, "We generate a large portion of our revenue through Bitcoin and USDC. We added 100 BTC to our treasury with the earnings we achieved in the last quarter."
RIOT Platforms 5.117 Bitcoin bought more
RIOT Platforms, one of the leading Bitcoin mining companies in the United States, recently purchased a total of 5,117 Bitcoins for a sum of 510 million dollars. The average price paid per BTC by the company was recorded as 99,669 dollars.
With this purchase, RIOT's total Bitcoin holdings reached 16,728 BTC. In addition, the total value of these assets reached approximately 1.68 billion dollars. Company CEO Jason Les noted that the Bitcoin productions in December are also included in these assets. Last week, RIOT also carried out a $525 million bond issuance. Analysts consider these investments as a significant indicator of the company's future growth plans.
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