PANews reported on November 21 that, according to Globenewswire, the publicly traded company Steakholder Foods Ltd. (Nasdaq: STKH) announced that its board of directors has approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrencies.
Steakholder Foods CEO Arik Kaufman stated: "As 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 approval of cryptocurrency ETFs and the increasing support from institutional investors, cryptocurrencies can be a great complement to our financial strategy, aiming to provide practical value storage."
According to reports, Steakholder Foods is a manufacturer of alternative proteins and 3D printing technology, and it is a company from Israel that is publicly listed on NASDAQ.
