Hoth Therapeutics (HOTH) said Wednesday its board approved the purchase of up to $1 million in bitcoin.
"As bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset," Hoth Chief Executive Robb Knie said.
The biopharmaceutical company's shares were up 7.3% in recent trading.
Price: 0.88, Change: +0.06, Percent Change: +7.33
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