Golden Financial reports that Nasdaq-listed company Steakholder Foods Ltd. has 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 rise and their acceptance as an asset class increases, we believe that Bitcoin or a diversified basket of cryptocurrencies including Bitcoin will serve as a strong financial reserve asset for the company. Given the recent approval of cryptocurrency ETFs and the growing support from institutional investors, cryptocurrencies can be a great complement to financial strategies, aiming to provide practical value storage."