on Security First International Holdings, Inc. (NASDAQ:SCFR)
Security First International Holdings Partners with BTCx Developers for Bitcoin Treasury Reserve
Security First International Holdings, Inc. has announced a joint venture with the BTCx Developer Team to establish a shareholder-backed, non-custodial Bitcoin treasury reserve. This partnership integrates BTCx, a Bitcoin derivative token, into Security First's corporate treasury, allowing shareholders to contribute their Bitcoin (BTC) into a secure, auditable vault. Participants retain control over their private keys while receiving BTCx tokens in return. This model aims to provide Bitcoin exposure while adhering to principles of decentralization.
Security First will purchase BTCx tokens supported by a shareholder-controlled Bitcoin reserve, aligning asset strategy with the crypto community's self-custody values. CEO Brian Fowler stated that this initiative not only adds Bitcoin to their balance sheet but also upholds decentralization and individual ownership principles. The collaboration is expected to enhance liquidity, support DeFi integrations, and offer shareholders a unique growth opportunity.
R. P.
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