TechFlow news, March 28 — According to The Block, Dominari Holdings (ticker: DOMH), a publicly traded company with a market capitalization of $70 million, announced the implementation of a corporate Bitcoin reserve strategy. The company has allocated $2 million of its cash reserves to invest in BlackRock's iShares Bitcoin Trust ETF (IBIT).
Dominari stated it will continue using surplus corporate cash and earnings to accumulate IBIT and plans to further expand its cryptocurrency asset holdings by the end of the year.
The report noted that as of 2024, the company expects full-year revenue of approximately $19 million, with over $8 million generated in the fourth quarter alone.
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