Steakholder Foods’ Board of Directors Approves Purchase of Cryptocurrencies as Treasury Reserve Assets
Steakholder Foods (Nasdaq: STKH) has announced its Board of Directors' approval to purchase up to $1 million in Bitcoin or cryptocurrency tracking indices as treasury reserve assets. The company, which specializes in alternative proteins production and 3D printing technologies, views this move as a strategic decision to strengthen its treasury holdings. CEO Arik Kaufman cited growing cryptocurrency demand, increased institutional support, and recent cryptocurrency ETF approvals as key factors behind this decision.
Steakholder Foods (Nasdaq: STKH) ha annunciato l'approvazione del suo Consiglio di Amministrazione per l'acquisto fino a 1 milione di dollari in Bitcoin o indici di tracciamento delle criptovalute come riserve di tesoreria. L'azienda, specializzata nella produzione di proteine alternative e nelle tecnologie di stampa 3D, considera questa mossa una decisione strategica per rafforzare le proprie riserve. Il CEO Arik Kaufman ha citato la crescente domanda di criptovalute, il sostegno istituzionale aumentato e le recenti approvazioni di ETF sulle criptovalute come fattori chiave dietro a questa decisione.
Steakholder Foods (Nasdaq: STKH) ha anunciado la aprobación por parte de su Junta Directiva para comprar hasta 1 millón de dólares en Bitcoin o índices de seguimiento de criptomonedas como activos de reserva de tesorería. La empresa, que se especializa en la producción de proteínas alternativas y tecnologías de impresión 3D, ve este movimiento como una decisión estratégica para fortalecer sus reservas. El CEO Arik Kaufman citó la creciente demanda de criptomonedas, el aumento del apoyo institucional y las recientes aprobaciones de ETF de criptomonedas como factores clave detrás de esta decisión.
Steakholder Foods (Nasdaq: STKH)는 최대 100만 달러를 비트코인 또는 암호화폐 추적 지수로 테트서리 자산으로 구매하기 위해 이사회의 승인을 받았다고 발표했습니다. 대체 단백질 생산과 3D 프린팅 기술을 전문으로 하는 이 회사는 이 조치를 재무 보유를 강화하기 위한 전략적 결정으로 보고 있습니다. CEO 아릭 카우프만은 암호화폐 수요 증가, 제도적 지원 증가, 최근 암호화폐 ETF 승인 등을 이 결정의 주요 요인으로 언급했습니다.
Steakholder Foods (Nasdaq: STKH) a annoncé l'approbation par son conseil d'administration pour l'achat jusqu'à 1 million de dollars en Bitcoin ou indices de suivi de cryptomonnaies en tant qu'actifs de réserve de trésorerie. L'entreprise, spécialisée dans la production de protéines alternatives et les technologies d'impression 3D, considère ce mouvement comme une décision stratégique pour renforcer ses avoirs de trésorerie. Le PDG Arik Kaufman a cité la demande croissante en cryptomonnaies, le soutien institutionnel accru et les récentes approbations d'ETF de cryptomonnaies comme des facteurs clés derrière cette décision.
Steakholder Foods (Nasdaq: STKH) hat die Genehmigung seines Vorstands zur Anschaffung von bis zu 1 Million Dollar in Bitcoin oder Kryptowährungs-Tracking-Indizes als Treasury-Reserve-Assets bekannt gegeben. Das Unternehmen, das sich auf die Produktion alternativer Proteine und 3D-Drucktechnologien spezialisiert hat, betrachtet diesen Schritt als strategische Entscheidung zur Stärkung seiner Treasury-Bestände. CEO Arik Kaufman nannte die wachsende Nachfrage nach Kryptowährungen, die zunehmende institutionelle Unterstützung und die jüngsten Genehmigungen von Kryptowährungs-ETFs als wichtige Faktoren für diese Entscheidung.
- Board approval for diversification of treasury assets with up to $1M in cryptocurrencies
- Strategic positioning to potentially benefit from cryptocurrency market growth
- Exposure to highly volatile cryptocurrency market risks
- Significant allocation of company funds to speculative assets
Rehovot, Israel, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH) (“Steakholder” or the “Company”), a leading innovator in alternative proteins production and 3D printing technologies, announced today that the Company's Board of Directors has approved the purchase of up to
About Steakholder Foods
Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating alternative proteins products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.
For more information, please visit: https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods’ business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods’ business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods’ current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan” or words or phases of similar meaning and include, without limitation, Steakholder Foods’ expectations regarding the success of the technologies which it is developing, which may require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods’ research and development activities associated with printing technologies, including three-dimensional food printing, which involves a lengthy and complex process; Steakholder Foods’ ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods’ Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on April 30, 2024. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods’ forward-looking information and statements proves incorrect, then Steakholder Foods’ actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
| Press Contact: | Investor Contacts: |
| Maissa Dauriac Rainier Communications mdauriac@rainierco.com Tel: +1-818-642-5257 | Steakholder Foods Investors@steakholderfoods.com |
FAQ
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