The board of directors of Hoth Therapeutics, a publicly traded company in the United States, has approved the purchase of 1 million USD worth of BTC as reserve assets.

U.S. publicly listed company Hoth Therapeutics announced that its board of directors has approved the purchase of up to 1 million USD worth of Bitcoin. Hoth's CEO Robb Knie stated, "With the continued growth of Bitcoin and its gradual emergence as a major asset class attracting the attention and recognition of investors, we believe Bitcoin will become a powerful financial reserve asset. With the recent approval of Bitcoin ETFs and increasing activity from institutional investors, Bitcoin will serve as a strong complement to financial strategies. We believe Bitcoin's anti-inflation characteristics may make it a reliable asset with value storage capabilities." (prnewswire)