December 12, 2024
BlockMint to Expand Crypto Portfolio with New Initiatives
 #CriptoNews

BlockMint to Expand Crypto Portfolio with New Initiatives #CriptoNews

Cash News

  • BlockMint has been crypto focused since its inception in 2018 with cutting-edge crypto software.

  • BlockMint currently maintains a BTC portfolio from prior mining operations.

  • Management is evaluating new initiatives, including staking of crypto currencies using its existing BTC portfolio and creating an access product akin to MicroStrategy’s Bitcoin investment strategy.

  • Candidates being evaluated for this investment strategy include Dogecoin, Avax and Sonic (formerly Fantom).

  • New strategies are designed to enhance shareholder value.

Vancouver, British Columbia–(Newsfile Corp. – December 3, 2024) – BlockMint Technologies Inc. (“BlockMint” or the “Company“) is pleased to share with shareholders some of the initiatives that the Company has been exploring over the past few months.

The re-election of Donald Trump in the United States and his pledge to establish a strategic national crypto stockpile and create a crypto advisory council has energized global interest in the crypto and DeFi space. Given this new favorable environment, the Company intends to explore ways to leverage its existing crypto infrastructure, proprietary crypto software and intellectual property to take advantage of emerging opportunities in the crypto industry to enhance shareholder value.

BlockMint has been active in the cryptocurrency sector since its inception in 2018. It has developed a number of innovative, cutting-edge crypto products such as its proprietary Minter browser (available at getminter.com) which enables a more decentralized deployment of blockchain based applications by allowing users to use their spare computing power to mine cryptocurrencies. The Company has also been an active crypto-miner and holds an inventory of Bitcoin (“BTC”) from its prior mining operations. BlockMint is now considering expanding its crypto portfolio by purchasing additional BTC or other cryptocurrencies for staking and to offer shareholders indirect exposure to crypto assets (similar to MicroStrategy’s holdings of BTC). In addition, the Company is exploring various opportunities for the tokenization of real-world assets, including currencies, commodities, art, equities, etc. The asset tokenization market is expected to grow exponentially, with a report by Boston Consulting Group and ADDX projecting it to reach US$16 trillion by 2030.

BlockMint’s CEO, Dan Beck, commented: “In our view, the incoming U.S. administration and their positive stance on crypto has created a backdrop that we believe is incredibly bullish for our sector. It will accelerate the institutional acceptance of crypto currencies as a legitimate and desirable asset class. Notably, the SEC approved several U.S.-listed BTC ETFs this year and we expect more such milestones in the coming years. Crypto is no longer a fad, but an established branch of global finance. A far cry from only a few short years ago.

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