The Swedish company Fragbite Group has purchased approximately 4.3 BTC, initiating the establishment of a Bitcoin treasury.

BlockBeats News, July 22nd, according to NLNico monitoring, Swedish company Fragbite Group completed the first purchase of approximately 4.3 bitcoins, starting to build a Bitcoin treasury, with an average price of around $112,958 per bitcoin.

Fragbite Group stated that the goal is to invest the remaining liquidity for the long term and continue to accumulate Bitcoin to enhance the company's capital structure.