Silo Pharma to Acquire $1 Million in Bitcoin for Treasury Reserves

According to PANews, Silo Pharma, Inc. , a Nasdaq-listed biopharmaceutical company, has announced its board's approval to purchase $1 million worth of Bitcoin as a treasury reserve asset. Silo's CEO, Eric Weisblum, stated that incorporating Bitcoin into their balance sheet is a strategic move aimed at diversifying assets and including a digital value storage tool with significant growth potential. The acquisition of Bitcoin is intended to hedge against inflation and is expected to help Silo maintain and enhance long-term shareholder value source: https://www.binance.com/en/square/post/25210181968266?utm_source=BinanceNewsRSS