PANews May 9 news, according to Globenewswire, medical service provider SRx Health Solutions, Inc. (NYSE American: SRXH) announced that it has invested $1.5 million to purchase Solana tokens (SOL) as part of its asset diversification strategy. The company has previously planned to allocate no more than 10% of its cash flow and cash reserves to invest in cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and physical gold and silver. Company Chairman Adesh Vora stated that in addition to existing funds, they will continue to increase their allocation to crypto assets through asset sales, partnerships, and financing, and explore the introduction of a crypto rewards program in their pharmacy business.
In addition, the company plans to establish a cryptocurrency lending subsidiary, intending to collateralize its Halo brand assets and future revenues, accepting financing in cryptocurrencies like Solana and Bitcoin. This move aims to avoid equity dilution in obtaining operating funds, which will be used for Halo brand marketing. Currently, the plan is still in the conceptual stage, and the company will further discuss implementation details with the crypto community.
