The board of directors of the U.S. listed company, Hoth Therapeutics, has approved the purchase of 1 million dollars in Bitcoin as a reserve asset
According to PR Newswire, the US listed company Hoth Therapeutics announced that its board of directors has approved the purchase of up to $1 million in Bitcoin.
Hoth CEO Robb Knie said: "With the continuous growth of Bitcoin and its gradual emergence as a major asset class attracting investor attention and recognition, we believe that Bitcoin will become a powerful financial reserve asset. With the recent approval of Bitcoin ETFs and increasing institutional investor activity, Bitcoin will be a strong supplement to our financial strategy. We believe that bitcoin's inflation-resistant characteristics may make it a reliable asset with value storage function."
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