PANews reported on November 21 that according to Globenewswire, the US-listed company Steakholder Foods Ltd. (Nasdaq: STKH) announced that the company's board of directors has approved the purchase of up to $1 million worth of Bitcoin or an index tracking cryptocurrencies.
Steakholder Foods CEO Arik Kaufman said, "As the demand for cryptocurrencies continues to grow and their acceptance as an asset class continues to increase, we believe that Bitcoin or a diversified basket of cryptocurrencies including Bitcoin will become a powerful financial reserve asset for the company. Given the recent approval of cryptocurrency ETFs and the increasing support from institutional investors, cryptocurrencies can be a good complement to our financial strategy to provide a useful store of value."
It is reported that Steakholder Foods is a manufacturer of alternative proteins and 3D printing technology, and it is an Israeli company listed on Nasdaq.
