Quantum BioPharma invests $1M in BTC, cryptos for treasury diversification

As an experienced analyst with a keen eye for market trends and a deep understanding of the evolving financial landscape, I find it fascinating to observe the growing number of mainstream companies integrating cryptocurrencies into their treasury strategies. The recent move by Quantum BioPharma, a biopharmaceutical company, to invest in Bitcoin (BTC) and other cryptocurrencies is yet another testament to this trend.

A publicly-traded corporation has become part of the increasing number of businesses adopting cryptocurrencies as part of their cash management plans.

On December 20, Quantum BioPharma (QNTM), a biopharmaceutical company, revealed that they had invested $1 million in Bitcoin (BTC) and other digital currencies. This news led to a drop of almost 10% in the company’s stock price on the Nasdaq exchange.

As an analyst, I’d rephrase it as follows: Not only is my focus Quantum BioPharma listed on both the Canadian Securities Exchange and the Frankfurt Stock Exchange, but this company also specializes in providing biotech solutions. These innovative treatments are designed to address a range of health issues, such as neurodegenerative diseases, metabolic syndromes, and disorders related to alcohol misuse.

As a researcher, I’m excited to announce that our organization has expanded its financial infrastructure to accommodate cryptocurrency transactions, both for receiving funding and executing various operations. We have chosen not to specify the particular cryptocurrencies we are incorporating into our digital asset portfolio at this time.

More and more conventional businesses are adopting digital currencies like cryptocurrencies, as a means to expand their investment portfolios and protect themselves from the effects of inflation.

As a researcher examining economic data, I’ve observed an uptick in inflation rates as per the recently released US Consumer Price Index (CPI) for November 2024. Compared to October’s rate of 2.6%, the year-over-year increase now stands at 2.7%. This figure aligns with market predictions. On a monthly basis, the CPI experienced a rise of 0.3% in November, which is the most substantial increase seen in seven months.

In November, Jiva Technologies, specialized in wellness and plant-based e-commerce, decided to allocate up to $1 million for Bitcoin investment, recognizing its capability as a hedge against inflation due to its potential as a stable asset value.

Yesterday, November 25th, the video-hosting service Rumble announced their intention to invest in Bitcoin, with a decision made by the board of directors to set aside up to $20 million from the company’s surplus funds for Bitcoin purchases.

On November 20th, Hoth Therapeutics, a biopharmaceutical organization, increased its cash reserves by investing $1 million in Bitcoin.

Think Thank pushes Bitcoin agenda

Major companies such as Microsoft and Amazon have been urged to consider including Bitcoin in their investment portfolios due to the argument that it could serve as a protective measure against inflation.

Last December, the National Center for Public Policy Research, a research organization based in Washington D.C., proposed that Amazon and Microsoft should contemplate implementing a Bitcoin-centric treasury strategy during their forthcoming gatherings. The proposal was submitted as shareholder suggestions.

At Microsoft’s annual gathering on December 10th, a proposal I was advocating for did not receive the approval of our shareholders. The board deemed my proposition as redundant, stating that the company meticulously addresses this specific matter already.

Amazon’s shareholders will likely evaluate the proposal during a shareholder meeting in April 2025.

For 2025, it’s reported that The National Center for Public Policy Research is developing additional plans regarding Bitcoin, asserting that fostering its usage supports their belief in individual liberty and freedom.

2024-12-20 20:52

Think Thank pushes Bitcoin agenda

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