Nocera Inc. Announces $2 Million Allocation for Bitcoin Acquisition as Part of Evolving Digital Asset Strategy and Evaluates Additional Assets and Initiatives to Support Long-Term Strategic Vision
Reuters
Dec 16
Nocera Inc. Announces $2 Million Allocation for Bitcoin Acquisition as Part of Evolving Digital AssetStrategy and Evaluates Additional Assets and Initiatives to Support Long-Term Strategic Vision
Nocera Inc. has announced plans to allocate $2 million for the purchase of Bitcoin $(BTC)$ as part of its corporate treasury strategy over the coming weeks. The company will hold the Bitcoin with an institutional-grade custodian in the U.S. Nocera indicated that while Bitcoin is its initial digital asset initiative, it may consider additional assets and strategies as its digital asset approach evolves. The company also referenced an up to $300 million convertible note facility, with part of the proceeds potentially supporting further digital asset acquisitions and initiatives. Nocera intends to continue advancing its acquisition strategy, seeking transactions that may enhance long-term shareholder value.
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