According to Globenewswire, US listed company Steakholder Foods Ltd. (Nasdaq: STKH) announced that its board of directors has approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrencies.
As the demand for cryptocurrencies continues to grow and their acceptance as an asset class continues to increase, we believe that Bitcoin or a diversified cryptocurrency basket, including Bitcoin, will become a strong financial reserve asset for the company. Given the recent approval of cryptocurrency ETFs and the increasing support from institutional investors, cryptocurrencies can be a great complement to our financial strategy to provide a practical store of value, "said Arik Kaufman, CEO of Steakholder Foods
It is reported that Steakholder Foods is a manufacturer of alternative protein and 3D printing technology. It is an Israeli company listed on NASDAQ.
