Steakholder Foods board approves purchase of cryptocurrency as reserve asset

Nasdaq-listed Steakholder Foods Ltd. announced that its board of directors has approved the purchase of up to $1 million worth of Bitcoin or an index that tracks cryptocurrencies. Arik Kaufman, CEO of Steakholder Foods, said: "With the growing demand for cryptocurrencies and their increasing acceptance as an asset class, we believe that Bitcoin or a diversified basket of cryptocurrencies including Bitcoin will become a strong financial reserve asset for the company. Given the recent approval of cryptocurrency ETFs and the growing support from institutional investors, cryptocurrencies can be a good addition to financial strategies to provide a practical store of value."