Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals.
This brings the amount of bitcoin the company has purchased over the past 12 months to almost $29.7m.
Nevertheless, the company reported a negative operating cashflow of $1.2m in Q2 of 2015 having received around $10.8m for operating activities, but spending close to $12m.
Initially a bitcoin mining company, DigitalBTC has so far expanded into bitcoin trading as well as developing both retail and consumer applications.
The company's private liquidity platform digitalX Direct achieved unaudited revenues of $5.5m in the quarter, which is a 45% increase on the revenue generated in the first quarter of the year.
"This enables value and cash transfers from anyone to anywhere in the world, and for the value to be easily exchanged across mobile messaging platforms," the report states.
The company aims to initially roll out AirPocket in Latin America and the Caribbean using $3.5m raised through a share placement.
This article was co-authored by Emily Spaven.
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