Swedish company Refine has announced the launch of a new division called Digital Assets, focused on managing Bitcoin assets. This decision is part of a strategic review of the company's treasury management.
Launch of New Digital Assets Division
The new Digital Assets division will operate alongside existing divisions of 'Products' and 'Digital Services'. This marks a strategic shift in the company's approach to asset management.
Bitcoin Accumulation Strategy
Refine plans to view Bitcoin as a core reserve asset and will track its performance using a custom 'Bitcoin per Share' metric, highlighting long-term shareholder value through BTC accumulation.
Additional Information About Refine
To fund its initial Bitcoin purchases, Refine issued 54,377 shares in a directed sale, raising 10 million Swedish kronor (approximately $1 million). The shares were sold at a 20% discount to the average trading price over the past week.
The launch of the Digital Assets division highlights the growing interest among companies in Bitcoin as a treasury reserve amid evolving global financial trends.
