Oxbridge Re Holdings Incorporates Bitcoin and Ethereum into Treasury Reserves
Oxbridge Re Holdings Limited has incorporated Bitcoin and Ethereum into its treasury reserve plan, aiming to diversify investments and embrace blockchain technology. This decision reflects a strategic shift towards modern financial practices.
Key Developments
- The inclusion of cryptocurrencies aims to hedge against inflation.
- CEO Jay Madhu cited Bitcoin's reliability as a store of value amid rising global adoption.
- Oxbridge plans to launch two tokens for reinsurance contracts with targeted returns of 20% and 42%.
- Tokens will be backed by reinsurance contracts managed by Oxbridge's sidecar vehicle, Oxbridge Re NS.
Industry Trends
- Oxbridge's move aligns with corporate trends where companies are diversifying treasury strategies through digital assets.
- MicroStrategy Inc. acquired an additional 11,000 Bitcoin, increasing its total holdings to 461,000 BTC.
- KULR Technology Group purchased 77.66 BTC valued at $8 million.
- Genius Group is raising $33 million to enhance its Bitcoin Treasury.
- El Salvador bought 11 more BTC despite IMF advice to reduce Bitcoin investments.
Oxbridge Re’s actions underscore the growing trend of tokenization in finance, indicating a potential shift towards decentralized finance.