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US publicly traded company Immutable Holdings announced that it holds over 48 million HBAR tokens.
BlockBeats News, July 28th, according to official sources, publicly traded blockchain holding company Immutable Holdings Inc. (Canada Cboe code: HOLD) today announced a series of strategic initiatives, including advancing its HBAR corporate treasury management strategy and executive team realignment to support business development.
The company stated that Immutable began formulating a digital asset treasury management strategy centered around the Hedera network's native cryptocurrency HBAR in 2025, a plan that will be implemented through its wholly-owned subsidiary, Immutable Asset Management LLC (IAM). As of the date of this press release, IAM currently holds over 48 million HBAR, and will continue to manage this position based on fund priorities and market conditions, potentially increasing its HBAR holdings or acquiring other digital assets in the future.
The company considers HBAR to be a high-quality digital asset with long-term potential, leveraging the advantages of the Hedera network's enterprise-grade performance, low transaction costs, carbon-negative operation, and the growth of enterprise and public sector applications.
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