BlockBeats News, March 28th, according to The Block, Dominari Holdings has become the latest publicly traded company to implement a corporate Bitcoin reserve strategy. According to its website, this holding company is engaged in wealth management, investment banking, trading, and asset management business.
Dominari will use some of its remaining cash and revenue to purchase shares of the BlackRock iShares Bitcoin Spot ETF (IBIT). Dominari's management plans to continue this operation as the company's cash reserves continue to grow.
Currently, Dominari has established a $2 million Bitcoin reserve and expects to further increase its reserve by the end of the year.