U.S. publicly traded company ATIF has announced that it will accumulate 1,000 bitcoins over the next five years.

BlockBeats News, June 5th, according to Investing.com, US-listed company ATIF Holdings Limited (ZBAI) announced its plans to accumulate 1,000 Bitcoins over the next five years through direct purchases and mining operations. The company will utilize a hybrid strategy, including direct purchases of Bitcoin on the open market, building and operating its own Bitcoin mining facilities, and acquiring operational Bitcoin mining sites. It has preliminarily selected the western part of Texas, USA as the primary location for its mining operations.

ATIF Holdings CEO Kamran Khan stated that the company views Bitcoin as a long-term store of value and a strategically important growth asset. They have already made Bitcoin purchases on the open market and plan to continue buying in the near future.