Universal Digital Acquires Bitcoin in Treasury Allocation

According to PANews, Canadian publicly traded company Universal Digital has acquired 10 bitcoins in its initial treasury allocation. Previously, Universal Digital announced a strategic shift towards building a bitcoin reserve, intending to gradually reduce its holdings in altcoins and convert them into bitcoin. The company has signed a non-binding memorandum of understanding with Tokyo-listed GFA, aiming to design bitcoin reserve strategies for Asian-listed companies. Under the agreement, both parties will explore creating a bitcoin reserve model for Japanese listed companies, develop warrant-based financing tools for bitcoin acquisition, and enhance the digital asset custody framework.