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Quantum BioPharma Expands Crypto Holdings to $3.5 Million

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by Giorgi Kostiuk

7 days ago

Quantum BioPharma Ltd. recently expanded its cryptocurrency holdings, bringing total investments to $3.5 million. This decision aligns with broader trends in the biotech sector.

Quantum BioPharma Increasing Crypto Assets

The company purchased $1.5 million worth of cryptocurrencies, including Bitcoin, to hedge against inflation and diversify financial strategies.

Bitcoin’s Trading Value Sparks Market Discussion

Bitcoin trades at $84,721, indicating volatility. Analysts suggest cryptocurrencies help hedge against market risks.

Companies Following ATAI’s Lead

Since 2021, ATAI Life Sciences has been holding Bitcoin, starting a trend among biotech companies. According to Christian Angermayer, cryptocurrency allocation aids in maintaining financial stability.

Could allocating a portion of treasury cash to Bitcoin help preserve, optimize, and even extend a company's runway?Christian Angermayer

Quantum BioPharma and other biotech companies increasingly use cryptocurrencies for diversification and business resilience.

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