Graph Blockchain Places Further $2.0 Million Into Altcoins For Proof Of Stake

Graph Blockchain (CSE: GBLC) this morning issued a brief news release, indicating that it has taken further steps to improve its staking in altcoins. The firm has placed an additional $2.0 million into such alternative digital currencies.

The $2.0 million figure was split between three separate currencies. First and foremost, the firm has placed an additional $1.0 million into Polkadot, which is more commonly known as DOT. A further $500,000 meanwhile was placed into Cardano, or ADA, as of yesterday to increase the firms position for the purpose of proof of staking.

The remaining $500,000 meanwhile appears to be in the process of being placed into a separate token that the firm currently does not have a position in, with further details to be provided in the coming days. “The Babbage team has been closely reviewing different tokens and we are excited to announce these acquisitions today to further deploy the Company’s capital,” commented CEO Paul Haber. The firm is currently focused on a strategy of diversified crypto holdings.

Graph Blockchain last traded at $0.15 on the CSE.


FULL DISCLOSURE: Graph Blockchain is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Graph Blockchain on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Graph Blockchain Launches First Publicly Traded NFT Platform

Graph Blockchain (CSE: GBLC) this morning announced the launch of its NFT marketplace and augmented...

Friday, October 15, 2021, 08:04:07 AM

Shoom Street to Be Acquired By Graph Blockchain

Psychedelics are going main stream. This morning, Graph Blockchain (CSE: GBLC) announced that it signed...

Wednesday, November 20, 2019, 09:28:02 AM

Graph Blockchain Completes Acquisition Of Beyond The Moon

Graph Blockchain (CSE: GBLC) this morning announced that closing of the acquisition of Beyond The...

Thursday, June 10, 2021, 08:33:55 AM

Graph Blockchain Completes Acquisition Of Babbage Mining

Graph Blockchain (CSE: GBLC) this morning closed the acquisition of Babbage Mining Corp. The firm...

Wednesday, February 17, 2021, 10:33:27 AM

Graph Blockchain To Focus On Altcoin Mining Using Proof Of Stake

Graph Blockchain (CSE: GBLC) this morning announced that it will be leveraging proof of stake...

Thursday, February 25, 2021, 08:09:43 AM