Larry

Bitcoin

Million

<ul class="wp-block-list">
  
 <li>Relai company acquired 13 BTCs worth $1.2 million, boosting its position in the crypto market.</li>   
 <li>BTC trades at $98,154.24 with a $1.94 trillion market cap, recalling a 3.95% growth over the past 24 hours.</li>   
 <li>Bitcoin trading volume read at $173.75 billion, with changes observed in mid-March and late December.</li> 
</ul>   
Swiss digital assets company Relai has grown its holdings by buying 13 Bitcoins worth $1.2 million for its balance sheet. This move observes a special acquisition, backing the company’s ongoing investment in digital assets.   
<h2 class="wp-block-heading" id="h-relai-s-bitcoin-acquisition">Relai’s Bitcoin Acquisition</h2>   
Relai, headquartered in Switzerland, has obtained 13 Bitcoin, valued at approximately $1.2 million. The purchase mirrors the company’s commitment to blending BTC into its financial reserves. This purchase was conducted as part of Relai’s strategy to strengthen its position in the crypto market.   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/relai_app/status/1870131879976038760 
 </div>
</figure>   
The company’s decision to allocate capital to Bitcoin aligns with the trend of corporations embracing digital assets. The purchase stresses the growing endorsement of Bitcoin as a reserve asset among companies.   
<h2 class="wp-block-heading" id="h-bitcoin-as-a-corporate-asset-and-recent-market-trends">Bitcoin as a Corporate Asset and Recent Market Trends</h2>   
Relai’s purchase adds to a list of companies that consider Bitcoin as a store of value. The investment comes after <a href="https://cryptonewsland.com/blackrock-ceo-larry-fink-discusses-bitcoins-role-as-a-global-digital-gold-asset/" target="_blank" rel="noreferrer noopener">Larry Fink, the chairman and CEO of BlackRock, expressed his stand</a> on digital assets’ position to counter inflation comparing it to gold.   
CoinMarket Cap data indicates that Bitcoin is trading at a price value of $98,154.24, with a 3.97% increase over the last 24 hours. Its market cap stands $1.94 trillion, reflecting a 3.95% growth.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcnTkObBUOhzE0_XvJt3MyjBpbG6zOORnPalJppuki-YnmRYIxOE91qVtCViPp6fChkof-G5uc_pq5dOw2-HdRnAy-VcCVzIzZikklgxiWvQvbB_2ewra5PVSVCthH_PHh1Sp1_?key=zAs5dyX7a8OeO3AW_EjWd04-" alt="">
</figure>   
Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">CoinMarket Cap</a>   
Bitcoin’s fully diluted valuation (FDV) is $2.06 trillion. The circulating supply matches the total supply at 19.79 million BTC, with a maximum cap of 21 million BTC.&nbsp;   
According to Coinglass,&nbsp; Bitcoin trading volume reached $173.75 billion at the time of writing. It trading activity exhibits fluctuations throughout the year, with notable peaks observed in mid-March and late December.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfW8PmKYUP0_gYiihVz4Z7z4C1gZuISYS6JXcJ0hpz3ntX4ogjBqqDN9hDbcTwGv8RxepV0EAppOLE9iwdNxLqNKKJozHcB_O6WNdCtznQGsi-gjlxWoUuOpDhyAZFKONdgn4FnOA?key=zAs5dyX7a8OeO3AW_EjWd04-" alt="">
</figure>   
Source: <a href="https://www.coinglass.com/currencies/BTC" target="_blank" rel="noreferrer noopener">Coinglass</a> &nbsp;Volumes remained comparatively stable from September through October, with smaller surges. The data indicates heightened market activity, with occasional volume spikes surpassing $200 billion. This consistent activity recalls strong engagement among market participants. The observed <a href="https://cryptonewsland.com/3-altcoins-set-to-skyrocket-soon/" target="_blank" rel="noreferrer noopener">volume trends correlate with increased market movement</a>, showing the intensity of trading within key periods.   
The post <a href="https://cryptonewsland.com/swiss-firm-relai-relai-expands-crypto-holdings-with-1-2-million-bitcoin-investment/">Swiss Firm Relai Expands Crypto Holdings with $1.2 Million Bitcoin Investment</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Swiss Firm Relai Expands Crypto Holdings with $1.2 Million Bitcoin Investment

Table of Contents

Crypto News Land

Other articles published on Dec 21, 2024

Fake crypto liquidity pools: How to spot and avoid them

Can VeChain (VET) Price Spike to $1 During This Bull Run?

Tether Net Profits Reach $10 Billion in 2024

Relationship building is a hedge against debanking — OKX exec

Tether CEO Sees $10 Billion in Profits for 2024

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

Join our free newsletter for daily crypto updates!