Blockmate Launches Bitcoin Treasury Division in Line with 'Mine-and-Hold' Strategy
The division has already been established, with secure wallet infrastructure in place and an initial purchase of one Bitcoin completed. This initiative reflects Blockmate's conviction that Bitcoin will play an increasingly important role as a strategic treasury asset for companies focused on preserving value and managing risk.
This development complements Blockmate's existing operations through its wholly owned subsidiary, Blockmate Mining, which is pursuing a 'mine-and-hold' strategy aimed at accumulating Bitcoin on its balance sheet as operations scale.
As announced on May 27, 2025, Blockmate Mining has secured a site with electricity costs of just USD 3.3 cents per kilowatt-hour — among the most competitive rates in North America. Once fully developed, the facility is expected to support up to 200 megawatts (MW) of mining infrastructure. While Blockmate does not currently own mining hardware to fully utilize this capacity, this figure represents the long-term potential of the site.
For illustrative purposes only, based on current Bitcoin prices and network difficulty, a fully utilized 200MW site could generate approximately 200 Bitcoin per month. Similarly, under current market conditions, the site could support Bitcoin mining at an estimated 40% discount to the prevailing spot price. These estimates are subject to change based on network conditions, hardware availability, electricity pricing, and the market price of Bitcoin. There is no assurance that these conditions will remain favorable or that Blockmate will be able to achieve these projections.
Justin Rosenberg, CEO of Blockmate Ventures, commented:
'Holding Bitcoin on Blockmate's balance sheet provides capital growth opportunities for shareholders, as well as liquidity options should Blockmate Mining or future investees seek to take advantage of elevated Bitcoin market prices. These scenarios represent a win-win, enabling the Company to realize value through both operational success and treasury appreciation.'
As the Bitcoin market continues to evolve and Blockmate Mining progresses, the Company will regularly assess further treasury purchases to enhance balance sheet agility in parallel with its mine-and-hold strategy. The price of Bitcoin is highly volatile and may decrease significantly over time. As a result, any holdings or treasury strategies involving Bitcoin are subject to market risk and could lead to financial loss.
Planned Bitcoin acquisitions are currently under review and will be disclosed through the TSX Venture Exchange in due course.
On July 10th, Blockmate provided an online investor update covering the strategic rationale and rollout of Blockmate Mining, which can be viewed here:
https://youtu.be/Br6iqvB8hkQ
About Blockmate Ventures Inc.
Blockmate Ventures
(TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company's portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.
To learn more, visit
www.blockmate.com
.
Blockmate welcomes investors to join the Company's mailing list for the latest updates, webinars and industry research by subscribing at
https://www.blockmate.com/subscribe
.
ON BEHALF OF THE BOARD OF DIRECTORS
Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-580-262-6130)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains 'forward-looking statements' or 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Bitcoin Just Flashed a $5 Million Warning--Here's What Traders Are Betting on Next
Bitcoin (BTC-USD) lost momentum on Friday, dropping to $114,762its lowest since July 11as investor appetite for risk assets softened. The pullback followed stronger-than-expected U.S. jobs data, which dented hopes for near-term Fed rate cuts. After hitting a record high of $123,205 earlier this month, fueled by optimism around U.S. regulation and institutional inflows, Bitcoin's rally has taken a breather. Ether traded flat, and XRP slipped roughly 3% in early New York hours. Rachael Lucas, crypto analyst at BTC Markets, noted that while the broader uptrend could still be intact, momentum has cooled and traders are cautious. Warning! GuruFocus has detected 7 Warning Signs with TSN. Some market watchers see the retreat as part of a broader consolidation phase rather than a breakdown. According to FxPro's Alex Kuptsikevich, the correction is healthy and necessary after recent highs. Even if the total crypto market cap falls back to $3.4 trilliondown from the $4 trillion peakit would still likely be viewed as profit-taking, not panic selling. That level remains a key threshold to watch for longer-term trend direction. The jobs data also ended a seven-day Asian equities rally, underscoring just how sensitive risk assets have become to shifting macro signals. Meanwhile, the derivatives market is flashing signs of rising caution. Prime broker FalconX reported a $5 million put option trade on Deribit, betting on Bitcoin falling to $110,000 by August 8. It's a notable hedge that reflects growing two-way risk. We expect to see further consolidation while Bitcoin remains below monthly trendline resistance, currently at around $125,000, said Tony Sycamore of IG Australia. That same level capped Bitcoin's last breakout attemptadding to the technical ceiling traders are watching as the next test of market conviction. This article first appeared on GuruFocus.
Yahoo
an hour ago
- Yahoo
Bitcoin Just Flashed a $5 Million Warning--Here's What Traders Are Betting on Next
Bitcoin (BTC-USD) lost momentum on Friday, dropping to $114,762its lowest since July 11as investor appetite for risk assets softened. The pullback followed stronger-than-expected U.S. jobs data, which dented hopes for near-term Fed rate cuts. After hitting a record high of $123,205 earlier this month, fueled by optimism around U.S. regulation and institutional inflows, Bitcoin's rally has taken a breather. Ether traded flat, and XRP slipped roughly 3% in early New York hours. Rachael Lucas, crypto analyst at BTC Markets, noted that while the broader uptrend could still be intact, momentum has cooled and traders are cautious. Warning! GuruFocus has detected 7 Warning Signs with TSN. Some market watchers see the retreat as part of a broader consolidation phase rather than a breakdown. According to FxPro's Alex Kuptsikevich, the correction is healthy and necessary after recent highs. Even if the total crypto market cap falls back to $3.4 trilliondown from the $4 trillion peakit would still likely be viewed as profit-taking, not panic selling. That level remains a key threshold to watch for longer-term trend direction. The jobs data also ended a seven-day Asian equities rally, underscoring just how sensitive risk assets have become to shifting macro signals. Meanwhile, the derivatives market is flashing signs of rising caution. Prime broker FalconX reported a $5 million put option trade on Deribit, betting on Bitcoin falling to $110,000 by August 8. It's a notable hedge that reflects growing two-way risk. We expect to see further consolidation while Bitcoin remains below monthly trendline resistance, currently at around $125,000, said Tony Sycamore of IG Australia. That same level capped Bitcoin's last breakout attemptadding to the technical ceiling traders are watching as the next test of market conviction. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Companies want Bitcoin treasuries. They need to consider these six factors
Crypto treasury companies are booming. More than 200 public companies now hold Bitcoin or Ethereum on their balance sheets, with dozens more launching weekly. From US President Donald Trump to an online casino marketing company, firms are beefing up their balance sheets by holding crypto as a reserve. To some, these so-called Digital Asset Treasuries are no more than overleveraged crypto plays wearing corporate suits. But for Tom Lee, Wall Street strategist and crypto bulwark, there's more than meets the eye. There are five distinct advantages to a crypto treasury company, Lee said in an interview with investment firm Pantera Capital, although it all comes down to a sixth: 'management.' Here are the six advantages to launching a crypto treasury company, according to Lee. Capital markets For Lee, capital markets are the first driver. When a company's stock trades above the value of its crypto holdings, it can issue new shares and use the proceeds to buy more tokens — effectively growing its assets without raising debt or diluting per-share value. 'They're actually growing your holdings by selling stock,' said Lee. It's 'a really strange concept, it's accretion.' So, if investors are willing to overpay for a company's crypto exposure, the company can keep stacking at a discount. Cost of money The fact that an exchange-traded fund holder has a cost of money is the second driver, according to Lee. That's because when a retail investor wants to borrow money for a crypto position, they face interest rates of up to 10%. But corporations have access to far cheaper capital — and nifty financial instruments like bonds or derivatives to drive those costs down even further. 'MicroStrategy is borrowing money at 0%,' said Lee. It's like taking out a zero-interest loan and earning yield on the borrowed funds. Strategy now holds upwards of $73 billion in Bitcoin. Issuing equity The third advantage is that a public company can issue equity, said Lee, and use that equity as a strategic asset. 'Imagine there are two Digital Asset Treasury companies that both hold Ethereum,' he said. 'One trades at net asset value, the other at a premium. The premium company can acquire the other using its stock, and suddenly grow its ETH per share again.' In other words, when a company's shares are trading well above the value of its crypto holdings, those shares can become a powerful acquisition tool. Companies scoop up cheaper rivals, increase their onchain reserves, and drive more value to shareholders, all without spending a dime in cash. Operating leverage Another major advantage of crypto treasury companies, especially those focused on Ethereum, is that they're not limited to passively holding coins — they can build real businesses around their holdings. 'They can actually build an operating company that grows the ETH per share,' Lee said. That means an Ethereum treasury firm could develop products, infrastructure, or services directly within the Ethereum ecosystem. All of this activity can generate revenue or earn more ETH, compounding the company's onchain exposure and potentially boosting shareholder returns. Onchain yield Ethereum-based firms can stake their ETH and earn yield on top of capital appreciation — a dynamic that simply doesn't exist for most Bitcoin treasury companies. 'This is something unique to the non-Bitcoin treasuries,' said Cosmo Jiang, portfolio manager at Pantera Capital. 'It's a structural advantage.' Jeff Park, head of Alpha Strategies at Bitwise, has also highlighted yield as Ethereum's unique value proposition for a corporate treasury play. 'Ethereum is a useful asset,' Park said in a July 8 interview on the Wolf of All Streets podcast. 'Bitcoin stores value. But Ethereum is productive — it earns yield.' The story But the biggest factor? The narrative. 'It all comes down to whether the market believes the story,' said Lee. For investors to buy in, the managing team needs to have a clear vision on how to achieve the previous five factors, according to Lee. 'That's why Metaplanet trades where it does.' Metaplanet is a former budget hotel operator from Japan that has become one of the most aggressive Bitcoin treasury firms. Since 2024, when it pivoted, the company's market capitalisation has gone to about $6 billion from $13 million. Bitcoin trades at around $119,142. Pedro Solimano is DL News' Buenos Aires-based markets correspondent. Got at a tip? Email him at psolimano@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
