Nextech, a Canadian Firm Uses $2m of Treasury Funds to Purchase Bitcoin
Canadian augmented reality (AR) organization NexTech AR is jumping on the crypto bandwagon with plans to utilize its treasury funds to purchase $2 million of bitcoin for "capital diversification." Declared Tuesday, the AR organization said it plans on making an initial investment of $2 million in bitcoin (BTC, +1.12%) and may add more in 2021. As of Sept. 30, the organization had C$16.39 million (US$12.79 million) money on hand, making the investment generally 15.6% of its ac