The US listed company Quantum BioPharma increased its holdings of 1 million dollars in Bitcoin and other Crypto Assets, bringing the total investment to 4.5 million dollars.

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According to Deep Tide TechFlow news on May 19, Globe Newswire reported that the biopharmaceutical company Quantum BioPharma (NASDAQ: QNTM) announced the additional purchase of $1 million worth of Bitcoin (BTC) and other Crypto Assets after receiving board approval, bringing its total investment in Crypto Assets to $4.5 million.

The company stated that this move aims to provide returns to shareholders and to hedge against the Canadian dollar. Currently, all crypto assets of the company are held by compliant custodians. The company emphasizes that all transactions will fully comply with relevant financial and auditing regulations to ensure that processes are safe and legal.

Quantum BioPharma stated that it will continue to monitor market conditions and may adjust its holdings of Bitcoin and other Crypto Assets based on actual circumstances. In addition, the company is equipped to accept financing in Crypto Assets and execute other types of Crypto Assets transactions.

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