NYSE-listed health tech firm holds $18M in Bitcoin, Ethereum
Summary
SRx Health Solutions, a Toronto-based, NYSE-listed digital healthcare company, has increased its digital treasury holdings to $18 million, comprising Bitcoin and Ethereum, following a recent Bitcoin purchase. The company initiated its digital asset investment late last year, announcing a $10 million allocation on December 30. This crypto investment is part of a wider capital strategy that deploys excess liquidity into assets management deems undervalued, including publicly traded securities like Opendoor, digital assets, and commodities like gold and silver. The investment was executed using internally developed models intended to preserve long-term optionality amid market volatility, with SRx noting that holdings may be adjusted based on market conditions and strategic factors.
(Source:Crypto Briefing)