MATH to allocate 20% of annual net profit to buying BTC

Hong Kong-based blockchain and trading technology solutions provider MATH has announced its decision to allocate 20% of its annual net profit to purchasing Bitcoin. On Feb. 9, the company completed its first purchase of approximately $1 million in BTC at an average price of $54,000. The acquisition was made through MATH's proprietary financial product, the Accumulator, a derivative contract for making regular purchases at a price lower than the market rate over a set period. MATH stated that Bitcoin is the foundation of the entire blockchain industry and accumulating it at current price levels will enhance shareholder value in the long term.