Bitcoin miner Phoenix Group launches 150 million USD crypto treasury for BTC, Solana

Phoenix Group has launched a strategic cryptocurrency treasury with an investment of 150 million USD, comprising 514 Bitcoin and 630,000 Solana, highlighting their long-term investment plan.

CEO Munaf Ali underlines the significance of aligning with the inherent long-term value of digital assets, despite the company facing a revenue dip earlier this year.

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