PANews reported on May 19 that according to Globenewswire, Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91), a listed biopharmaceutical company, announced that after obtaining approval from the board of directors, the company has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies as part of its strategic initiatives. This brings the total amount of Bitcoin and other cryptocurrencies purchased by the company to $4.5 million. The company is now ready to accept financing in cryptocurrencies and execute other types of cryptocurrency transactions. The company will continue to monitor market conditions and may increase or decrease the amount of Bitcoin or other cryptocurrencies it holds as it deems appropriate.
Publicly traded company Quantum BioPharma increases holdings of Bitcoin and other cryptocurrencies worth $1 million
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