Chainalysis Adds Bitcoin to Balance Sheet

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Crypto tracer Chainalysis has added bitcoin to its company stability sheet.

  • The $4.2 billion software program firm said Tuesday that it bought an undisclosed quantity of BTC via NYDIG, an institutional bitcoin administration agency widespread on Wall Street.
  • CEO Michael Gronager known as it Chainalysis’ first crypto purchase: “We will continue to pursue other digital assets as potential future investments,” he stated in a press release.
  • Holding bitcoin as a reserve asset was popularized final 12 months by MicroStrategy and has since caught on within the bitcoin mining crowd. Few public or personal firms have performed it, nevertheless, although Coinbase and BitGo stand out from the pack.

Read extra: Crypto Sleuthing Firm Chainalysis Raises $100M, This Time at $4.2B Valuation