Steakholder Foods Ltd., an Israeli alternative protein and 3D printing technology company, recently announced a striking financial strategy: the company's board has approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrencies. 📈

CEO Arik Kaufman pointed out that with the growing demand for cryptocurrencies and their increasing acceptance as an asset class, Bitcoin or a diversified basket of cryptocurrencies will become a strong financial reserve for the company. The recent approval of cryptocurrency ETFs and support from institutional investors further enhances the appeal of cryptocurrencies as a supplementary financial strategy. 💼

This initiative demonstrates the increasing interest of traditional industries in crypto assets.