This made Phoenix Group the first company listed on the Abu Dhabi Securities Exchange (ADX) to open a strategic cryptocurrency reserve, it said.
Bitcoin miner Phoenix Group launched a $150 million strategic cryptocurrency reserve as the first publicly listed company in Abu Dhabi to establish a digital asset fund.
Phoenix Group announced the formation of its digital asset treasury valued at $150 million, which included 514 Bitcoin (BTC) and 630,000 Solana (SOL) tokens as the miner’s “long-term reserve.”
This made Phoenix Group the first company listed on the Abu Dhabi Securities Exchange (ADX) to open a strategic cryptocurrency reserve, the company said in a Thursday announcement shared with Cointelegraph.
