Hoth Therapeutics Allocates $1M to Bitcoin Amid Rising Institutional Adoption

Quick Summary:

In an effort to take advantage of Bitcoin’s potential as a store of wealth and protection against inflation, Hoth Therapeutics, a biopharmaceutical business in the trial stage, has allocated up to $1 million in the cryptocurrency.

In light of the increasing interest in Bitcoin after Donald Trump’s reelection as president.

And replace them with the flagship cryptocurrency, but had not specified which assets to sell.

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Article Details

Author / Journalist: Nayazunissa

Category: Crypto

Markets: United Arab EmiratesUnited States

Topics: BTC Bitcoin News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 15:20:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23723697

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 36 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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