{"id":13382,"date":"2021-10-20T03:54:03","date_gmt":"2021-10-20T03:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/chainalysis-adds-bitcoin-to-balance-sheet-its-first-cryptocurrency-acquisition\/"},"modified":"2021-10-20T03:54:03","modified_gmt":"2021-10-20T03:54:03","slug":"chainalysis-adds-bitcoin-to-balance-sheet-its-first-cryptocurrency-acquisition","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/chainalysis-adds-bitcoin-to-balance-sheet-its-first-cryptocurrency-acquisition\/","title":{"rendered":"Chainalysis Adds Bitcoin to Balance Sheet \u2014 Its First Cryptocurrency Acquisition"},"content":{"rendered":"

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company\u2019s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion.<\/strong><\/p>\n

Chainalysis\u2019 First Acquisition of Cryptocurrency<\/h2>\n

Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet.<\/p>\n

Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management. NYDIG will also provide custody of the coins purchased. Chainalysis has been NYDIG\u2019s compliance technology partner since 2018.<\/p>\n

\u201cDigital assets have emerged as an alternative asset class for consumers, enterprises, governments, banks, and financial institutions,\u201d Chainalysis noted, adding that it \u201cis laser-focused on its commitment to building trust in cryptocurrency as a digital asset.\u201d<\/p>\n

Michael Gronager, co-founder and CEO at Chainalysis, commented:<\/p>\n

We are thrilled to be adding bitcoin to our corporate investment portfolio \u2026 This is Chainalysis\u2019 first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.<\/p>\n

Chainalysis raised $300 million in the past year, with the most recent fundraising round valuing the company at $4.2 billion<\/a>, the blockchain data firm added.<\/p>\n

A growing number of companies have added bitcoin to their balance sheets. According to a curated list of bitcoin treasuries<\/a>, the public corporation that has acquired the most BTC<\/a> is Microstrategy<\/a>, which is currently holding 114,042 bitcoins. Elon Musk\u2019s electric car company, Tesla<\/a>, came second with about 42,000 BTC<\/a>.<\/p>\n

What do you think about Chainalysis adding bitcoin to its balance sheet? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin accumulation, Buy Bitcoin, Chainalysis, chainalysis bitcoin, chainalysis crypto, chainalysis cryptocurrency, chainalysis partners nydig<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company\u2019s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion. Chainalysis\u2019 First Acquisition of Cryptocurrency Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet. Chainalysis will…<\/p>\n","protected":false},"author":0,"featured_media":13383,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13382"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13382"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13383"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}