Gaxos Board of Directors Approves Bitcoin as Treasury Reserve Asset
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Gaxos.ai Inc. has announced that its Board of Directors approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. This move indicates the company's strategic shift towards cryptocurrency investments.
November 14, 2024 | 12:45 pm
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Gaxos.ai Inc. has decided to invest up to $1 million in Bitcoin, indicating a strategic move towards incorporating cryptocurrency into its treasury reserves. This decision could influence investor perception and impact the stock price.
The decision to invest in Bitcoin as a treasury reserve asset suggests a strategic shift that could attract investors interested in cryptocurrency, potentially boosting the stock price. The move is significant as it reflects the company's openness to innovative financial strategies.
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