DigitalBTC Buys $10.1M in Bitcoin While Running Loss of $1.2M
In this year’s second quarterly report, Australian firm DigitalBTC says that it has put up $1.2 million in losses, bringing the total losses for the year to $2,744,000. Despite this, the company has purchased a total of over $29.6 million in bitcoins this year, with $10,116,000 of that being in this quarter. The bitcoins are designated for digitalX Direct, the company’s “flagship product” which launched at the end of last year. DigitalX Direct’s purpose is to provide liquidity to institutional users, such as merchants and Bitcoin sellers. Previously much of their customer base had been Bitcoin trading companies. The company […]
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