Listed medical company SRx Health Solutions acquires $1.5 million worth of SOL and plans to establish a cryptocurrency lending subsidiary

According to Globenewswire, healthcare provider SRx Health Solutions, Inc. (NYSE American: SRXH) announced a $1.5 million purchase of Solana tokens (SOL) to advance its asset diversification strategy. Previously, the company had planned to allocate no more than 10% of its cash flow and cash reserves to cryptocurrencies such as Bitcoin (BTC) and Solana (SOL), as well as physical gold and silver. The chairman of the company, Adesh Vora, stated that in addition to existing funds, the company will continue to increase the allocation of encrypted assets through asset sales, cooperation, and financing, and explore the introduction of encrypted reward programs in the pharmacy business. In addition, the company plans to establish a cryptocurrency lending subsidiary, intending to mortgage its Halo brand assets and future earnings, and accept cryptocurrency financing such as Solana and Bitcoin. This move aims to avoid dilution of equity and obtain operating funds, which will be used for Halo brand marketing. At present, the plan is still in the conceptual stage, and the company will further explore the implementation details with the cryptocurrency community.