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From: Julius Wong	11/21/2024 9:13:12 AM
	2 Recommendations of 8256

Steakholder Foods’ board approves purchase of cryptocurrencies as treasury reserve assets Nov. 21, 2024 9:10 AM ET By: Akanksha Khushi, SA News Editor Rocky89/E+ via Getty Images Steakholder Foods (NASDAQ: STKH) said on Thursday, that the company's board has approved the purchase of up to $1 million in Bitcoin or cryptocurrency tracking indices. "As demand for cryptocurrencies grows and so does their acceptance as an asset class, we believe that Bitcoin, or a diversified basket of cryptocurrencies including Bitcoin, will serve as strong treasury reserve assets for the Company," said Arik Kaufman, CEO of Steakholder Foods. Steakholder Foods ( STKH) shares were up more than 10% in pre-market trading on Thursday.

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