According to BlockBeats, on June 5, the board of directors of Silo Pharma, a publicly traded pharmaceutical company, approved the purchase of Bitcoin worth no more than $1 million as a reserve asset. Silo Pharma CEO Eric Weisblum stated that incorporating Bitcoin into the company's reserves is a strategic decision to diversify assets through digital value storage and serves as a safeguard against inflation. Silo Pharma expects this move to optimize long-term shareholder value.
Silo Pharma board approves purchase of no more than $1 million in Bitcoin as a reserve asset
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