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Crescenzo believes the new directive is too narrow to impact homebuyers as it only targets conventional loans through government-sponsored enterprises and may not consider crypto holdings where borrowers possess stocks or retirement accounts.
We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources, subject to the limitation set forth in our Investment Policy.
With our strengthened balance sheet of $117 million in cash, BTC and short-term assets, we now have the financial foundation to pioneer innovative treasury management approaches, including our historic Bitcoin treasury strategy.
The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn't fall further behind global markets.