Cryptocurrency mining company Phoenix Group announced the official adoption of a digital asset reserve strategy, with a total holding of 514 BTC

according to NLNico, Abu Dhabi cryptocurrency mining company Phoenix Group announced the official adoption of a digital asset reserve strategy, becoming the first company to be listed on ADX and establish a cryptocurrency treasury of over $150 million.

In the second quarter, there was a net increase of 179 BTC, bringing the total holdings to 514 BTC, while also holding over 630,000 SOL as long-term reserves. The company's stock price rose by 72% from April to June, and it is expected to achieve a cumulative increase of 110% for the year.