Blockchain analytics firm Chainalysis plans to purchase an undisclosed amount of Bitcoin for the company's balance sheet through the brokerage services of the New York Digital Investment Group.
In a blog post on Tuesday, Chainalysis said will expand its partnership with New York Digital Investment Group, or NYDIG, to purchase an undisclosed amount of Bitcoin (BTC), whose price hit a five-month high of $ 63,293 on Tuesday. The firm said the purchase was "driven by strong confidence in Bitcoin," in addition to NYDIG's expertise in the digital asset space.
"Chainalysis is focused on its commitment to building trust in cryptocurrency as a digital asset, and we are delighted to add Bitcoin to our corporate investment portfolio," said Chainalysis Co-Founder and CEO Michael Gronager. "This is Chainalysis' first cryptocurrency acquisition, and we will continue to seek other digital assets as potential future investments."
Following a $ 100 million fundraising round in June, Chainalysis was valued at $ 4.2 billion. Company data has been used often this year as ransomware hackers demanding payment in cryptocurrency he intensified his attacks. The company investigated the Russia-based Suex OTC company, recently objective of the United States Department of the Treasury and acquired cybercrime investigation firm Excygent earlier this month.
Related: Chainalysis Has Cryptocurrencies 'Elevated Momentum' To Thank For Multi-billion Dollar Valuation
Chainalysis' Bitcoin investment will follow purchases from companies such as Tesla, Square, Voyager Digital, Galaxy Digital, and MicroStrategy. TBusiness intelligence firm owns 114,042 BTC, worth more than $ 7 billion at press time. The automaker Tesla currently has an estimated 43,200 BTC, or roughly $ 2.7 billion.
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