Hoth Therapeutics Board of Directors Approves Purchase of $1 Million in BTC as Reserve Assets

2024-11-20 13:55

Odaily News Hoth Therapeutics, a US-listed company, announced that its board of directors approved the purchase of up to $1 million in Bitcoin. Hoth CEO Robb Knie said: "As Bitcoin continues to grow and gradually become a major asset class, attracting investor attention and recognition, we believe that Bitcoin will become a strong treasury reserve asset. With the recent approval of Bitcoin ETFs and increasing activity from institutional investors, Bitcoin will be a strong complement to our treasury strategy. We believe that Bitcoin's anti-inflation properties may make it a reliable asset with value storage functions."

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