According to TechFlow, on November 21, the U.S. listed company Steakholder Foods Ltd. announced that its board of directors had approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrencies.
Steakholder Foods CEO Arik Kaufman said that as demand for cryptocurrencies grows and their 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, cryptocurrencies can be a good addition to a company’s financial strategy.
