Blockchain

Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics

Published

2 weeks ago

April 19, 2024

phoenix-group-engages-bhm-capital-as-liquidity-provider-to-boost-adx-liquidity-and-enhance-market-dynamics

Phoenix Group PLC, the GCC region’s first listed blockchain and tech conglomerate, is thrilled to announce its strategic partnership with BHM Capital, a leading liquidity provider. This partnership will boost liquidity for Phoenix shares on the Abu Dhabi Securities Exchange (ADX), thereby enhancing trading volumes and bolstering investor trust.

Phoenix Group’s partnership with BHM Capital which serves as liquidity provider to Phoenix Group’s shares (PHX) reinforces its commitment to optimizing share trading on the ADX. This strategic alliance not only aims to increase trading volumes and stabilize prices but also enhances investor value.

As a liquidity provider, BHM Capital plays a crucial dual role, strengthening market stability and improving the order book. The commitment to providing liquidity for Phoenix Group’s shares is designed to ensure more consistent pricing and increase overall trading liquidity on the ADX, making transactions smoother across various price levels.

Seyed Mohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group, commented: “Our partnership with BHM Capital represents a crucial step in strengthening the liquidity and stability of our shares on the ADX. It does not only enhance our market position but also provides our investors with more robust trading options. We are fully committed to leveraging this collaboration to deliver substantial value to our shareholders.”

Abdel Hadi Al Sa’di, the CEO of BHM Capital, stated: “This move will enhance the company’s position in the Abu Dhabi Securities Exchange, stabilize the price movements of its traded shares, and enable investors to diversify their investment portfolios, taking advantage of opportunities in financial markets.”

Phoenix Group expects that the partnership with BHM Capital will significantly drive up trading activity and elevate demand for its shares on the ADX, fostering a more vibrant market presence. With a specific focus on boosting trading volume and the value of PHX shares, Phoenix Group is confident that this engagement will have a positive impact on the company’s performance in the coming months.

The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.

Blockchain

Victory Square Technologies Reports 2023 Financial Results

Published

15 hours ago

May 1, 2024

GlobeNewswire

victory-square-technologies-reports-2023-financial-results

Blockchain

United States B2C E-Commerce & Online Payments Market Report 2024 – Retail E-Commerce Sales are Poised to Surpass EUR 1.5 Trillion by 2027

Published

19 hours ago

May 1, 2024

GlobeNewswire

Blockchain

MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase

Published

1 day ago

April 30, 2024

Adrienn Sarkany

microstrategy-boosts-bitcoin-holdings-to-214,400-btc-with-$7.8m-purchase

MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.

MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.

MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.

Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.

Source: crypto.news

The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.

Global Payout, Inc.
Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...
MTrac Tech Corp.
MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...
Net1
Net1 is a leading provider of transaction processing services, financial inclusion products ...
uBUCK Technologies SEZC
Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...
LiteLink Technologies Inc.
LiteLink is a major player in developing world-class enterprise platforms that utilize ar...
Good Gamer Corp.
Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....
BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...
About Net1
Net1 is a leading provider of transaction processing services, financial inclusion produc...
Blockchain Foundry Inc.
Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...
Sixgill
Sixgill provides a full suite of universal data automation and authenticity products and services...