The board of directors of the U.S. listed company LQR House has approved the purchase of $1 million in Bitcoin as a reserve asset

2024-11-19 21:44:11

Collection

ChainCatcher news, according to Accesswire, the U.S. publicly traded company LQR House Inc. (NASDAQ: LQR) announced today that its board has approved the purchase of $1 million worth of Bitcoin as part of its capital management strategy. Additionally, the company will now accept cryptocurrency payments on CWSpirits.com, allowing customers to flexibly use digital currency to purchase alcoholic beverages. As part of this plan, LQR House has adopted a policy to hold up to $10 million in cryptocurrency payments as Bitcoin, reflecting the company's confidence in the long-term potential and value of digital assets. The press release stated that while Bitcoin will now be incorporated into LQR House's diversification strategy, the company remains firmly committed to its core business.

(Source Link)

Related tags

Bitcoin LQR House

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.