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The board of directors of the US-listed company Steakholder Foods has approved its purchase of Crypto Assets as reserve assets
PANews reported on November 21st that Stakeholder Foods Ltd. (Nasdaq: STKH), a US-listed company, announced that its board of directors has approved the purchase of up to $1 million worth of BTC or an index tracking Cryptocurrency. Arik Kaufman, CEO of Steakholder Foods, said,"With the continuous rise in demand for cryptocurrency, and the increasing acceptance of them as an asset class, we believe that a diversified cryptocurrency basket, including BTC, will become a strong financial reserve asset for the company. Given the recent approval of Cryptocurrency ETFs and the growing support from institutional investors, Cryptocurrency can be a good addition to our financial strategy to provide practical value storage." According to reports, Steakholder Foods is a manufacturer of alternative protein and 3D printing technology. It is an Israeli company that has been listed on NASDAQ.