According to Deep Tide TechFlow, on November 21, the U.S. listed company Steakholder Foods Ltd. announced that its board has approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrency.
Steakholder Foods CEO Arik Kaufman stated that as the demand for cryptocurrency grows and its acceptance as an asset class increases, the company believes that Bitcoin or a diversified basket of cryptocurrencies will become a strong financial reserve asset.
Given the recent approval of cryptocurrency ETFs and increased support from institutional investors, cryptocurrency can be a good complement to the company's financial strategy.
