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Share this article Share this article Investment through cryptocurrency platform Kraken believed to be the first physical purchase of Bitcoin by a Canadian condominium company REGINA, SK, March 17, 2021 /PRNewswire/ - Thornton Place Condominium Corporation ( Thornton Place ), a Condominium Corporation incorporated pursuant to The Condominium Property Act, 1993 (Saskatchewan), today announced that it has purchased 0.4 bitcoin for its reserve fund with $25,000.00 (CAD) in cash at an average price of approximately $62,500.00 (CAD) per bitcoin, inclusive of fees and expenses. To ensure the security and efficiency of the transaction, Thornton Place worked with the cryptocurrency platform Kraken. This represents the first of an ongoing series of planned purchases, with Thornton Place having allocated an additional $700.00 per month to the purchase of future bitcoin on an ongoing and indefinite basis.

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