KaJ Labs announces investment of $160 million to purchase Bitcoin

According to Newsfilecorp, decentralized AI and blockchain research organization KaJ Labs announced last Friday that it will invest $160 million to purchase Bitcoin. KaJ Labs stated that this strategic Bitcoin reserve will provide support for Imagen's multi chain operations and serve as a liquidity pillar for upcoming AI modules, community incentives, and cross chain integration; Bitcoin reserves will be used to balance operating costs and provide long-term collateral for IMAGE supported utility services.