UK-based investment firm Vault Ventures has announced its new investment move into digital assets. The company announced that it has purchased a total of approximately $123 million worth of Ethereum and Bitcoin. Vault Ventures Makes Crypto Investment Move According to the official statement made by the company: 403,373 Ethereum (ETH) were purchased for 750,000 British pounds (approximately $1.028 million). The average purchase price was stated as 1,810 pounds. At the same time, 1.85606 Bitcoins (BTC) were purchased for 150,000 pounds (about $205,000), at an average price of 78,407 pounds. With these transactions, Vault Ventures' total crypto assets reached 437,843 ETH and 2.07606 BTC. Company Chairman Brian Stockbridge said in a statement after the acquisition that there were disruptions in money transfers due to delays in the UK banking system, but this problem was resolved with newly established professional banking relationships. Stockbridge emphasized that this investment is part of the company's long-term strategy and said: “These acquisitions are an important step in increasing Vault Ventures’ commitment and financial flexibility in the digital asset space. With our new financial infrastructure, we will continue our operations with a more robust treasury structure.” This strategic move by the company once again revealed the increasing interest of traditional financial actors in the increasingly institutionalized crypto market. *This is not investment advice. Continue Reading: UK-Based Investment Firm Vault Ventures Announces It Bought Millions of Dollars Worth of Bitcoin and Ethereum! Here Are the Details
