The desire to own Bitcoin is heating up with publicly traded companies in Canada.
What’s happening:
- Multiple publicly traded companies in Canada have recently purchased Bitcoin to hold directly as an asset
Who is making moves:
- LQWD Technologies (TSXV: LQWD) recently purchased an additional 5 Bitcoins, bringing their new total ownership to 136 Bitcoins
- Kontrol Technologies (CBOE: KNR) just recently announced they have approved a new plan to begin holding Bitcoin directly as an asset and will get started with a $1M CAD purchase
- WonderFi Technologies (TSX: WNDR) previously launched a new strategy of purchasing Bitcoin weekly in an effort to dollar cost average, adding to their existing ownership of 40 Bitcoins
- DeFi Technologies (CBOE: DEFI) also previously added to their existing Bitcoin holdings with a purchase of 110 Bitcoins
Going deeper:
- MicroStrategy (NASDAQ: MSTR) continues to be the dominant leader in Bitcoin accumulation through the traditional public markets and just recently announced new plans to raise tens of billions of dollars through new debt and equity financings for the sole purpose of purchasing more Bitcoin
The intrigue:
- Publicly traded companies have also started buying Solana for the first time ever, which has sparked a new emerging trend with the price of Solana beginning to surge closer towards new all time highs