Canadian publicly traded firm Sixty Six Capital has announced plans to significantly increase its Bitcoin holdings and shift towards direct ownership.
The company acquired an additional 13.5 Bitcoin (BTC) through a Bitcoin Exchange-Traded Fund (ETF), bringing its holdings via ETF to 126.8 BTC. Combined with 18.2 BTC already held as spot assets, the firm aims to consolidate its total Bitcoin position to approximately 145 BTC.
A key strategic element involves transitioning its Bitcoin exposure away from the ETF vehicle towards direct spot holdings. This indicates a preference for holding the underlying asset itself rather than through a fund structure.
The move underscores a growing trend of publicly listed companies incorporating Bitcoin into their treasury strategies. By planning direct ownership of nearly 145 BTC, Sixty Six Capital positions itself for potentially greater autonomy over its digital asset reserves.