Listed company NextGen Digital launches crypto reserve strategy and has purchased $1 million worth of BTC

Odaily News NextGen Digital Platforms Inc. (CSE: NXT), a digital asset and financial technology platform, today announced that it has purchased $1 million worth of Bitcoin on its balance sheet as part of its corporate treasury strategy. The strategy includes the acquisition of selected crypto assets such as Bitcoin, Ethereum and/or Solana. As part of its corporate reserve diversification strategy, NextGen plans to allocate a portion of its idle cash to crypto assets. The company recognizes the potential of these digital assets as a long-term store of value and a hedge against systemic financial risk. With this move, NextGen joins a growing number of public companies that are integrating crypto assets into their treasury management system alongside traditional cash, cash equivalents and securities. Based on the strategy approved by the Board of Directors, the company may allocate up to 80% of its treasury reserves in crypto assets. All assets will be held with a regulated, institutional-grade custodian in strict compliance with applicable laws and industry best practices regarding asset security, custody and information disclosure.