LQR House Approves $1M Bitcoin Purchase, Following MicroStrategy's Lead In Corporate Crypto Strategies

Benzinga11-19

LQR House Inc. LQR, an e-commerce platform specializing in spirits and beverages, on Tuesday announced its Board of Directors’ approval to purchase up to $1 million worth of Bitcoin BTC/USD as part of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484921470?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/11/19/Alternative-Investments--Gold-and-Bitcoi.jpeg","is_english":true,"pubTime":"2024-11-19 23:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484921470","market":"us","top_or_hot":-1,"title":"LQR House Approves $1M Bitcoin Purchase, Following MicroStrategy's Lead In Corporate Crypto Strategies","media":"Benzinga","content":"<div>\n<p>LQR House Inc. LQR, an e-commerce platform specializing in spirits and beverages, on Tuesday announced its Board of Directors’ approval to purchase up to $1 million worth of Bitcoin BTC/USD as part of...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42065821/lqr-house-approves-1m-bitcoin-purchase-following-microstrategys-lead-in-corporate-crypto-strategies\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LQR House Approves $1M Bitcoin Purchase, Following MicroStrategy's Lead In Corporate Crypto Strategies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLQR House Approves $1M Bitcoin Purchase, Following MicroStrategy's Lead In Corporate Crypto Strategies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 23:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/42065821/lqr-house-approves-1m-bitcoin-purchase-following-microstrategys-lead-in-corporate-crypto-strategies><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LQR House Inc. LQR, an e-commerce platform specializing in spirits and beverages, on Tuesday announced its Board of Directors’ approval to purchase up to $1 million worth of Bitcoin BTC/USD as part of...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42065821/lqr-house-approves-1m-bitcoin-purchase-following-microstrategys-lead-in-corporate-crypto-strategies\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/42065821/lqr-house-approves-1m-bitcoin-purchase-following-microstrategys-lead-in-corporate-crypto-strategies","article_id":"2484921470","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/19/Alternative-Investments--Gold-and-Bitcoi.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484921470","pubTimestamp":1732028996,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"LQR House Inc. (NASDAQ:LQR), an e-commerce platform specializing in spirits and beverages, on Tuesday announced its Board of Directors’ approval to purchase up to $1 million worth of Bitcoin (CRYPTO: BTC) as part of it","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4595":"比特币概念","BK4596":"哈里斯概念","BK4516":"特朗普概念","BK4588":"碎股","BK4023":"应用软件","MSTR":"MicroStrategy","BK4009":"广告"},"translate_title":"继MicroStrategy在企业加密货币战略方面的领先地位之后，LQR House批准以100万美元收购比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LQR":1,"MSTR":1},"content_text":"LQR House Inc. LQR, an e-commerce platform specializing in spirits and beverages, on Tuesday announced its Board of Directors’ approval to purchase up to $1 million worth of Bitcoin BTC/USD as part of its treasury management strategy.\nWhat Happened: The company will also accept cryptocurrency payments on its flagship platform, CWSpirits.com, allowing customers to purchase alcohol using digital currencies.\nAs part of this initiative, LQR House plans to retain up to $10 million of these payments in Bitcoin, further embedding the cryptocurrency into its financial strategy.\nLQR House CEO Sean Dollinger stated that Bitcoin's scarcity and fixed supply align with the company's broader vision. \n\"We see a unique opportunity to strengthen our treasury with an innovative investment. Bitcoin’s inherent scarcity and finite supply position it as a modern hedge against inflation,\" he said.\nDespite integrating Bitcoin into its strategy, LQR House emphasized its commitment to core business operations, including cost-cutting measures and collaboration with new board members to drive sustainable growth. \nThe company also noted that its Bitcoin holdings would be closely monitored to ensure alignment with market conditions and cash flow needs.\nAlso Read: Crypto Exchange Gemini Launches Services In France Following Regulatory Approval\nLQR House's Bitcoin adoption strategy mirrors broader trends seen in companies like MicroStrategy Inc. and Metaplanet, though on different scales.\nMicroStrategy, a corporate leader in Bitcoin holdings, recently acquired 51,780 BTC for $4.6 billion at an average price of $88,627 per Bitcoin. \nThis purchase increased its total Bitcoin reserves to 331,200 BTC, solidifying its position as the largest corporate Bitcoin holder. \nMicroStrategy's high-stakes approach is funded through at-the-market (ATM) stock offerings, demonstrating its commitment to Bitcoin as a central pillar of its financial strategy.\nSimilarly, Metaplanet, a technology-focused investment firm, has made bold moves in the cryptocurrency space. \nThe company issued ¥1.75 billion ($11.4 million) in bonds to finance additional Bitcoin acquisitions, reflecting its belief in Bitcoin as a long-term value store. \nGuaranteed by Metaplanet's leadership and backed by secured assets, the bond issuance highlights a strategy focused on sustainable growth through crypto adoption.\nRead Next: \n\nPaul Tudor Jones Boosts Bitcoin Holdings, Potentially Making BTC His Largest Non-Options Investment\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484921470"}