Canadian listed company Goodfood announces the adoption of Bitcoin as a financial reserve asset

ChainCatcher news, according to Globenewswire, Canadian publicly traded company Goodfood Market Corp. (TSX: FOOD) announced a strategic shift in its financial management, with Goodfood adopting Bitcoin investment as a financial reserve asset, joining the global community of forward-looking companies utilizing digital currency. The company has completed an initial investment of approximately $1 million in Bitcoin through a spot ETF and plans to strategically increase its holdings by investing a portion of its future remaining cash flow into Bitcoin.

It is reported that Goodfood is a Canadian digital-native food solutions brand.