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Quantum BioPharma Ltd. (QNTM) is happy to announce that after receiving approval from the Board of Administrators, the Firm has bought USD $1,000,000 Bitcoin (BTC) and different cryptocurrencies as a part of its strategic efforts. As properly, going ahead the Firm will enable for future financing and different transactions to be carried out in cryptocurrency.
This transfer displays the corporate’s perception within the potential of Bitcoin (BTC) and different currencies to supply a return on funding for shareholders. The corporate is now set as much as obtain financing in cryptocurrencies in addition to executing different forms of transactions in cryptocurrencies.
The corporate is holding all its cryptocurrency with a completely compliant custodian. The corporate emphasizes that each one transactions are and will likely be totally compliant with all related monetary and audit laws, making certain a safe and authorized course of.
The Firm will proceed to watch market situations and should enhance or lower its holdings of Bitcoin (BTC) or different cryptocurrencies because it deems acceptable.
“We’re exploring modern methods to develop our capital not being utilized in operations,” mentioned Zeeshan Saeed, CEO of Quantum. “Bitcoin’s latest developments in each authorized and market legitimacy make it a compelling addition. With a number of international asset managers now providing BTC primarily based exchange-traded funds, and renewed optimism following pro-crypto coverage expectations beneath President-elect Donald Trump’s new administration, we consider Bitcoin (BTC), and different cryptocurrencies presents a possibility to align with rising monetary developments.”
