Just-in: Hoth Therapeutics Board Approves $1M Bitcoin Buying Plan

Quick Summary:

In an unprecedented move, biopharmaceutical company Hoth Therapeutics announced on Wednesday that it plans to buy $1M worth of BTC, sparking market discussions globally.

The company’s Board of Directors approved the abovementioned purchase, primarily in an effort to strengthen the firm’s treasury reserve.

We believe its inflation-resistant characteristics may make it a reliable asset as a functional store of value.

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Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin (BTC) Price Treasury asset 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 13:46:40 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23720470

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Main Topics: Crypto

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