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SRx Health Solutions (NYSE: SRXH) has announced plans to establish a new subsidiary focused on cryptocurrency-based borrowing. The subsidiary will accept deposits in Solana, Bitcoin, and other cryptocurrencies in exchange for a share of profits from the company's Halo brand assets in North America.
Chairman Adesh Vora explained that this strategy aims to provide financial flexibility for operating business units while limiting shareholder dilution. The company intends to use the cryptocurrency capital for Halo's marketing and sales initiatives. The plan is currently in its conceptual phase, with the company seeking input from the crypto community on implementation.
SRx Health Solutions (NYSE: SRXH) has announced a $1.5 million purchase of Solana (SOL) tokens as part of its asset diversification strategy. This investment aligns with the company's previously announced plan to allocate up to 10% of future cash flows and reserves into cryptocurrencies and precious metals, including Bitcoin, Solana, gold, and silver. The company plans to continue investing in cryptocurrencies as it grows its core business revenue and profits. Additionally, SRXH is exploring the implementation of a crypto-based rewards program for its pharmacy offering.
SRx Health Solutions (NYSE American: SRXH) has scheduled its first quarter 2025 financial results conference call for Thursday, May 15, 2025, at 4:30 p.m. ET. During the call, the company will discuss its Q1 2025 financial performance and provide a business update. Interested participants can join via phone at 1-844-825-9789 or 1-412-317-5180, or watch the webcast through the company's website. A replay of the webcast will be available for 90 days in the 'Events' section at srxhealth.com/events-and-presentations/.
SRx Health Solutions (NYSE: SRXH) has announced plans to explore allocating up to 10% of its future cash flows and cash reserves into cryptocurrencies and precious metals. The diversification strategy will include investments in Bitcoin (BTC), Solana (SOL), physical gold and silver. Chairman Adesh Vora stated that this initiative aims to enhance financial resilience and create potential long-term value for shareholders while positioning the company strategically in an evolving economic landscape.
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