Interactive Strength Inc. (Nasdaq: TRNR) Board of Directors Approves Bitcoin as Treasury Reserve Asset
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Interactive Strength Inc. (Nasdaq: TRNR) has approved Bitcoin as a treasury reserve asset, allowing up to $5 million in Bitcoin purchases. The company will also accept digital currency payments.
November 21, 2024 | 12:15 pm
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Interactive Strength Inc. has decided to allocate up to $5 million to purchase Bitcoin as a treasury reserve asset, reflecting a strategic shift towards digital currencies.
The decision to purchase Bitcoin as a treasury reserve asset indicates a strategic move by TRNR to diversify its asset holdings and embrace digital currencies. This could attract investors interested in cryptocurrency, potentially boosting the stock price.
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