The publicly traded company Quantum BioPharma increased its holdings of Bitcoin and other cryptocurrencies worth $500,000

ChainCatcher news, according to Globenewswire, the biopharmaceutical company Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) announced that, with the approval of the board of directors, the company has increased its holdings in Bitcoin and other cryptocurrencies, bringing the total value of its BTC and other cryptocurrencies to $5 million. This is an increase of $500,000 compared to the $4.5 million position disclosed on May 19.

The company emphasized that it will continue to allow future financing and other transactions in cryptocurrency.