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Oxbridge to add Bitcoin and Ethereum in treasury reserves

Oxbridge to add Bitcoin and Ethereum in treasury reserves
Oxbridge Re Holdings Limited, a reinsurance company, has added Bitcoin and Ethereum to its treasury reserve strategy, aiming to diversify its financial holdings and take advantage of blockchain-based opportunities. The CEO highlighted Bitcoin's reliability as a store of value and growing adoption. Oxbridge's subsidiary, SurancePlus Inc, is focused on blockchain initiatives and plans to launch tokens tied to reinsurance contracts. KULR Technology Group and Genius Group Limited have also increased their Bitcoin holdings as part of their treasury strategies. MicroStrategy, known for its Bitcoin investment strategy, acquired an additional 11,000 Bitcoin for $1.1 billion.

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