Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) earlier this week told Proactive it had launched a dedicated Bitcoin Treasury division to complement its “mine and hold” strategy.
The company said the move aligns with its broader Bitcoin mining initiative, announced several months earlier. Chairman Domenic Carosa stated that once fully operational, the company expects to mine Bitcoin at a 40% discount to the current spot price. He said this would provide a strong commercial advantage over simply purchasing Bitcoin from the market.
Proactive: Domenic, very good to speak with you. Could you start by telling us what’s the strategic thinking behind launching a dedicated Bitcoin Treasury division and how it complements your mine and hold model?
Domenic Carosa: Absolutely. We’ve decided to launch our Bitcoin Treasury division, which is really complementary with the Bitcoin mining operation that we announced a number of months…
