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The encryption mining company NetBrands will establish a digital asset treasury with a scale of 100 million USD.
PANews reported on October 13 that NetBrands, a crypto mining company listed on the US OTC market, announced the launch of a “layered” digital asset treasury. This treasury will use BTC as a long-term reserve asset and maximize the retention of mined Bitcoin, while also investing in ETH and AAVE and exploring the use of these two crypto assets to gain additional returns through staking. It is reported that the initial funding for this treasury is $10 million, with an overall scale target of $100 million.