Hoth Therapeutics to purchase up to $1M of bitcoins as treasury reserve asset

seekingalpha11-20 20:49

Biopharmaceutical company Hoth Therapeutics (NASDAQ:HOTH) said on Wednesday that its board has approved the purchase of up to $1M of bitcoins as a treasury reserve asset. "As bitcoin continues to grow...

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We believe its inflation-resistant characteristics may make it a reliable asset as a functional store of value,\" said Knie. 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