The board of directors of the U.S. listed company Steakholder Foods has approved its purchase of cryptocurrency as a reserve asset

2024-11-22 00:15:43

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ChainCatcher news, Nasdaq-listed company Steakholder Foods Ltd. announced that its board of directors has approved the purchase of up to $1 million in Bitcoin or an index tracking cryptocurrencies.

Steakholder Foods CEO Arik Kaufman stated, "As the demand for cryptocurrencies continues to grow and their acceptance as an asset class increases, we believe that Bitcoin or a diversified basket of cryptocurrencies including Bitcoin will become a strong financial reserve asset for the company. Given the recent approvals of cryptocurrency ETFs and the increasing support from institutional investors, cryptocurrencies can serve as a great complement to our financial strategy, aiming to provide practical value storage."

It is reported that Steakholder Foods is a manufacturer of alternative proteins and 3D printing technology, and it is a company from Israel that is listed on Nasdaq.

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