UK-based investment firm Vault Ventures has announced that it has purchased millions of Dollars worth of Bitcoin and Ethereum! Here are the details.

The UK-based investment firm Vault Ventures has announced a new investment move towards digital assets. The company stated that it has purchased approximately 123 million dollars worth of Ethereum and Bitcoin.

Crypto Investment Move from Vault Ventures

According to the official statement made by the company:

• 750,000 British pounds ( approximately 1.028 million dollars ) was used to buy 403,373 Ethereum ( ETH ). The average purchase price was stated as 1,810 pounds.
• At the same time, 150,000 pounds ( was approximately 205,000 dollars ) for 1.85606 Bitcoin (BTC). The average price for this purchase was at the level of 78,407 pounds.

With these transactions, Vault Ventures' total digital assets reached 437,843 ETH and 2.07606 BTC.

Company President Brian Stockbridge stated in a statement made after the acquisition that there have been disruptions in money transfers due to delays in the UK banking system, but this issue has been resolved through newly established professional banking relationships.

Stockbridge emphasized that this investment is part of the company's long-term strategy by saying:

"These acquisitions are an important step to enhance Vault Ventures' commitment and financial flexibility in the digital asset space. With our new financial infrastructure, we will operate with a more robust treasury structure."

The company's strategic move once again highlighted the increasing interest of traditional financial players in the increasingly institutionalized crypto market.

*It is not investment advice.

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