Gaxos Board of Directors Approves Bitcoin as Treasury Reserve Asset
Gaxos.ai announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. The company's CEO, Vadim Mats, cited Bitcoin's growing demand, acceptance as a major asset class, and recent ETF approvals as key factors in this decision. The company views Bitcoin's supply and inflation-resistant characteristics as beneficial for maintaining value in their treasury strategy.
Gaxos.ai ha annunciato che il suo Consiglio di Amministrazione ha approvato l'acquisto di fino a 1 milione di dollari in Bitcoin come attivo di riserva per il tesoro. Il CEO dell'azienda, Vadim Mats, ha citato la crescente domanda di Bitcoin, la sua accettazione come una classe di attivi importante e le recenti approvazioni di ETF come fattori chiave in questa decisione. L'azienda considera le caratteristiche di offerta e resistenza all'inflazione del Bitcoin come vantaggiose per mantenere il valore nella loro strategia di tesoreria.
Gaxos.ai anunció que su Junta Directiva ha aprobado la compra de hasta 1 millón de dólares en Bitcoin como un activo de reserva del tesoro. El CEO de la empresa, Vadim Mats, destacó la creciente demanda de Bitcoin, su aceptación como una clase de activos importante y las recientes aprobaciones de ETF como factores clave en esta decisión. La empresa considera que las características de suministro y resistencia a la inflación de Bitcoin son beneficiosas para mantener el valor en su estrategia de tesorería.
Gaxos.ai는 이사회가 100만 달러 상당의 비트코인을 재무 자산으로 구매하는 것을 승인했다고 발표했습니다. 회사 CEO인 바딤 마츠는 비트코인의 증가하는 수요, 주요 자산 클래스으로서의 수용, 그리고 최근 ETF 승인 등을 이 결정의 주요 요인으로 언급했습니다. 회사는 비트코인의 공급 및 인플레이션 저항 특성이 그들의 재무 전략에서 가치를 유지하는 데 유리하다고 보고 있습니다.
Gaxos.ai a annoncé que son Conseil d'administration a approuvé l'achat de jusqu'à 1 million de dollars en Bitcoin en tant qu'actif de réserve de trésorerie. Le PDG de l'entreprise, Vadim Mats, a cité la demande croissante de Bitcoin, son acceptation en tant que classe d'actifs majeure et les récentes approbations d'ETF comme des facteurs clés de cette décision. L'entreprise considère que les caractéristiques d'offre et de résistance à l'inflation du Bitcoin sont bénéfiques pour maintenir la valeur dans sa stratégie de trésorerie.
Gaxos.ai gab bekannt, dass der Vorstand den Kauf von bis zu 1 Million Dollar in Bitcoin als Reservevermögen genehmigt hat. Der CEO des Unternehmens, Vadim Mats, nannte die wachsende Nachfrage nach Bitcoin, die Anerkennung als bedeutende Anlageklasse und die jüngsten ETF-Zulassungen als Schlüsselfaktoren für diese Entscheidung. Das Unternehmen sieht die Angebot und inflationsresistenten Eigenschaften von Bitcoin als vorteilhaft für die Werterhaltung in seiner Treasury-Strategie.
- Board approval for strategic investment of up to $1M in Bitcoin as treasury reserve
- Potential hedge against inflation through Bitcoin's supply characteristics
- Exposure to cryptocurrency market volatility
- Significant allocation of company funds to a highly volatile asset
Roseland, NJ, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, announced today that the Company’s Board of Directors approved the purchase of up to
“As demand for Bitcoin grows and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,” said Vadim Mats, CEO of Gaxos. “With recent approval of Bitcoin ETFs and growing support from institutional investors, it is a great addition to our treasury strategy. Its limited supply and inflation-resistant characteristics provide a functional store of value.”
About Gaxos.ai Inc.
Gaxos.AI isn't just developing applications; it's redefining the human-AI relationship. Our offerings span health and wellness as well as gaming. We're committed to addressing health, longevity, and entertainment, through AI solutions.
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