Harbor Bets on Bitcoin, Acquires 1,500 BTC for $100 Million
Harbor, a leading cryptocurrency infrastructure provider, has announced a strategic investment in Bitcoin (BTC) worth $100 million. The company acquired 1,500 BTC, bringing its total Bitcoin holdings to 2,350 BTC.
“We believe Bitcoin is a transformative technology with the potential to reshape the global financial system,” said Victor Wang, CEO of Harbor. “This investment reflects our conviction in Bitcoin’s long-term value proposition as a decentralized and censorship-resistant store of value.”
Harbor’s investment comes amidst growing institutional interest in Bitcoin. In recent months, major companies such as Tesla, MicroStrategy, and MassMutual have allocated billions of dollars to the cryptocurrency.
The acquisition further strengthens Harbor’s position in the Bitcoin market. The company operates a licensed Bitcoin exchange and custody platform that caters to institutional investors and high-net-worth individuals.
“Our mission is to make it easier for institutions to access and invest in Bitcoin,” added Wang. “This investment is a testament to our commitment to providing our clients with the most comprehensive and secure Bitcoin infrastructure available.”
Harbor’s move is expected to further boost adoption and acceptance of Bitcoin among financial institutions. The company’s acquisition signals a growing recognition of Bitcoin’s role as a valuable asset class within investment portfolios.
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