Oxbridge to add Bitcoin and Ethereum in treasury reserves

Oxbridge Re Holdings Limited, a publicly traded company specializing in reinsurance and real-world tokenized assets, announced the inclusion of Bitcoin and Ethereum in its cash reserve strategy.

The move highlights the company’s focus on diversifying its financial holdings by incorporating blockchain-based opportunities, such as Bitcoin (BTC) and Ethereum (ETH), according to a company press release.

CEO Jay Madhu highlighted Bitcoin’s reliability as a store of value, highlighting its growing adoption and price stability.

“Our board believes that Bitcoin, in particular, has demonstrated its reliability as a store of value amid growing global adoption, supported by significant price appreciation and growing investor confidence,” Madhu said .

The move aligns with Oxbridge’s broader blockchain initiatives, led by its Web3reinsurance-focused subsidiary, SurancePlus Inc. SurancePlus strives to transform access to reinsurance investments through tokenization and decentralization.

As part of these efforts, SurancePlus plans to launch two new tokens linked to upcoming reinsurance contracts: one targeting a 20% yield and another high-yield option targeting a 42% yield. Both tokens will be backed by reinsurance contracts facilitated by Oxbridge’s sidecar vehicle, Oxbridge Re NS.

Other Bitcoin Reserves

KULR Technology Group and Genius Group Limited both just increased their Bitcoin holdings as part of their treasury strategies.

KULR acquired 510 BTC worth $50 million, while Genius Group purchased 420 BTC worth $40 million. Both companies have committed more than 90% of their reserves to cryptocurrency.

MicroStrategy, a company recognized for its Bitcoin investment strategy, continued his aggression purchase of Bitcoin. The company acquired an additional 11,000 Bitcoins for $1.1 billion.