According to BlockBeats, ATAI Life Sciences, a biopharmaceutical company, has announced its decision to implement a Bitcoin financial strategy by initially investing $5 million in the cryptocurrency. This announcement led to a temporary increase in ATAI's stock price. The company's chairman, Christian Angermayer, stated that while the initial investment in Bitcoin is set at $5 million, ATAI will maintain sufficient cash reserves, short-term securities, and public equity to ensure operational funding through 2027.
ATAI Life Sciences Adopts Bitcoin Financial Strategy with Initial Investment
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