Canadian biotechnology company Quantum Biopharma has bought an additional $1 million worth of Bitcoin and other cryptocurrencies, taking its total holdings to around $4.5 million.
Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.to a May 19 press release. The biotech company plans to stake a portion of its crypto to generate revenue.
) and other crypto assets will “provide a return on investment for shareholders and provide some hedge against the Canadian dollar,” it Quantum is one of several healthcare companies accumulating Bitcoin as corporate crypto treasuries become increasingly popular., Atai’s founder, Christian Angermayer, said “Bitcoin should be a part of ANY corporate treasury – especially, in fact, in the biotech sector.”It said a Bitcoin treasury will support its plans to expand in Asia through acquisitions by giving Basel “one of the strongest balance sheets among Asia-focused healthcare providers.”Publicly traded companies are now the largest institutional Bitcoin holders after exchange-traded funds , the data shows. Bitcoin can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks” for companies, asset manager Fidelity Digital Assets
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It's a quantum zoo out there, and scientists just found a dozen new 'species'Researchers observe over a dozen never-before-seen quantum states in a unique quantum material.
Read more »
Physicists uncover hidden order in the quantum world through deconfined quantum critical pointsA recent study has unraveled some of the secrets concealed within the entangled web of quantum systems.
Read more »
Hidden order in quantum world uncovered through deconfined quantum critical pointsIn regular quantum critical points (QCPs), a material changes from one phase to another because the order in the material slowly disappears. The system becomes more and more disordered until a new phase appears.
Read more »
US researchers achieve 11-mile quantum data link using photon transmissionScientists combined their expertise in optics, quantum information, and photonics to develop the quantum network.
Read more »
BlackRock flags quantum computing as risk for Bitcoin ETFsAsset manager BlackRock said quantum computing could render the cryptography securing Bitcoin and other blockchain networks ineffective.
Read more »
Quantum computing: What is quantum error correction (QEC) and why is it so important?Edd Gent is a British freelance science writer now living in India. His main interests are the wackier fringes of computer science, engineering, bioscience and science policy. Edd has a Bachelor of Arts degree in Politics and International Relations and is an NCTJ qualified senior reporter.
Read more »