Universal Digital Bets Big on Bitcoin
Canadian digital assets firm Universal Digital is betting big by disposing of its altcoin holdings in favour of Bitcoin. Having been made on June 16, the firm is making its capital strategy shift by making Bitcoin its asset of choice in treasury, given its long-term potential and aligning with the moves of global finance.
CEO Tim Chan stated, “Our Bitcoin Treasury Strategy is an intentional shift in how we manage capital — by keeping Bitcoin as a long-term treasury asset, we’re looking to optimize balance sheet resilience and position ourselves in alignment with the evolving global financial landscape.”
Treasury Model Expands Globally with Asian Growth
Universal Digital isn’t just halting at in-house modifications. It’s actually collaborating with firms throughout Asia to introduce the very same Bitcoin treasury models on board. The firm believes there’s massive potential in Asia due to its openness to innovation and growing digital asset market.
Its first partnership under this initiative is with Japanese financial institution GFA. The companies signed a non-binding MOU on June 16 to introduce Bitcoin treasury models to Japanese companies.
GFA Partnership Paves the Way
The GFA deal is the initial step in a broader movement to make Bitcoin treasury adoption across the region a reality. Universal Digital and GFA plan to create tools and frameworks that make it easier for companies to include Bitcoin in their reserves.
“The framework we’ve established with GFA enables us to explore extending this model to Asia, where digital assets are gaining traction among public companies and institutional investors,” Chan added.
Following the Strategy Blueprint
Universal Digital’s action is in line with the strategy of Michael Saylor’s firm, Strategy, a staunch supporter of Bitcoin. Strategy made another announcement on Universal Digital’s announcement day for a new acquisition of 10,100 BTC worth $1.05 billion and taking its holdings to 592,100 BTC.
As Strategy leads the way, Universal Digital and its regional partners intend to extend the model to new markets — a tsunami of Bitcoin treasury adoption well beyond North America.
