Listed company Quantum BioPharma increases holdings of Bitcoin and other cryptocurrencies worth $1 million

According to Globenewswire, Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91), a listed biopharmaceutical company, announced that it has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies as part of its strategic initiative, after obtaining approval from its board of directors. This brings the total amount of Bitcoin and other cryptocurrencies purchased by the company to $4.5 million. The company is now ready to accept financing in cryptocurrency and execute other types of cryptocurrency transactions. The company will continue to monitor market conditions and may increase or decrease the amount of Bitcoin or other cryptocurrencies it holds as deemed appropriate.