Crypto mining company NetBrands to establish a $100 million digital asset treasury
On October 13, it was reported that NetBrands, a cryptocurrency mining company currently listed on the US OTC market, announced the launch of a "tiered" digital asset treasury. This treasury will use BTC as a long-term reserve asset and will maximize the retention of mined bitcoin. It will also invest in ETH and AAVE, and explore obtaining additional returns such as staking with these two cryptocurrencies. The initial funding for this treasury is $10 million, with an overall target scale of $100 million.
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