According to PANews, Steakholder Foods Ltd., a publicly traded company on Nasdaq under the ticker STKH, has announced that its board of directors has approved the purchase of up to $1 million worth of Bitcoin or a cryptocurrency index.
Arik Kaufman, the CEO of Steakholder Foods, stated that with the growing demand for cryptocurrencies and their increasing acceptance as an asset class, the company believes that Bitcoin or a diversified basket of cryptocurrencies, including Bitcoin, will serve as a strong financial reserve asset. Kaufman highlighted that the recent approval of cryptocurrency ETFs and the growing support from institutional investors make cryptocurrencies a valuable addition to their financial strategy, aiming to provide practical value storage.
Steakholder Foods is an Israeli company specializing in alternative proteins and 3D printing technology. The company is listed on the Nasdaq, reflecting its commitment to innovation and financial growth through strategic investments in emerging asset classes like cryptocurrencies.
