Universal Digital, a listed company, announces the launch of its Bitcoin reserve strategy

According to Chainwire, Canadian listed company Universal Digital has announced the launch of its Bitcoin reserve strategy, planning to gradually reduce its existing holdings of altcoins and convert them into Bitcoin. The company has signed a non binding memorandum of cooperation with GFA, a Tokyo listed company in Japan, to jointly design a Bitcoin reserve plan for Asian listed companies. According to the agreement, both parties will explore the construction of a Bitcoin reserve model, development warrants, and other financing tools for Japanese listed companies for Bitcoin acquisitions, and improve the digital asset custody framework.