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Gaxos Board of Directors Approves Bitcoin as Treasury Reserve Asset

GlobeNewswire LogoGlobeNewswire1w ago

Gaxos Board of Directors Approves Bitcoin as Treasury Reserve Asset - GlobeNewswire

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We're committed to addressing health, longevity, and entertainment, through AI solutions.  Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements that involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs.

Roseland, NJ, Nov.14, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc.("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, announced today that the Company’s Board of Directors approved the purchase of up to $1 million in Bitcoin.  "As demand for Bitcoin grows and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,” said Vadim Mats, CEO of Gaxos.

Investors can identify these forward-looking statements by words or phrases such as "may,” "will,” "expect,” "anticipate,” "aim,” "estimate,” "intend,” "plan,” "believe,” "potential,” "continue,” "is/are likely to” or other similar expressions.

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Article Details

Author / Journalist: GAXOS.AI INC.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:30:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23585014

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 61 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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The story "Gaxos Board of Directors Approves Bitcoin as Treasury Reserve Asset" was covered 1 weeks ago by GlobeNewswire, a news publisher based in China.

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