Hoth Therapeutics Board of Directors Approves Bitcoin as Treasury Reserve Asset
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Hoth Therapeutics has decided to invest up to $1 million in Bitcoin as a treasury reserve asset, reflecting growing acceptance of Bitcoin as a major asset class.
November 20, 2024 | 1:00 pm
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Hoth Therapeutics' decision to invest in Bitcoin as a treasury reserve asset may attract investor interest due to the growing acceptance of Bitcoin.
The decision to invest in Bitcoin could positively impact Hoth's stock price as it aligns with the growing trend of companies adopting Bitcoin as a reserve asset. This move may attract investors who are bullish on Bitcoin, potentially increasing demand for Hoth's stock.
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