PESG Research Report: Steakholder Foods Ventures into Alternative Assets as Treasury Strategy amidst Accelerating Commercialization
November 21 2024 - 11:24AM
Business Wire
PESG research releases a market alert covering Steakholder Foods
(Nasdaq: STKH): Steakholder Foods a leader in alternative proteins
and 3D printing technologies, has approved up to $1 million in
crypto-currency purchases, as part of its treasury strategy. CEO
Arik Kaufman describes the move as forward-thinking, aligning with
the growing institutional adoption of digital assets and the recent
approval of cryptocurrency ETFs. This strategic step not only
underscores Steakholder’s innovative ethos but could also enhance
its financial flexibility.
The decision comes amid Steakholder Foods’ transition from
R&D to commercialization, marked by multiple milestones. These
include strategic partnerships with global players like Wyler Farm,
Bondor Foods, and the Industrial Technology Research Institute
(ITRI) in Taiwan, as well as six international Letters of Intent
(LOIs) signed with leading industry players. Initial purchase
orders and the opening of a state-of-the-art demonstration center
have kickstarted revenue streams, validating the commercial
viability of its proprietary 3D printing technologies and
plant-based premixes.
PESG Releases and market alert on Steakholder Foods, a leader in
alternative proteins and 3D printing, has taken a bold step by
integrating crypto-currencies into its treasury strategy. The
company’s Board approved the purchase of up to $1 million in
Bitcoin or crypto-currency tracking indices, emphasizing the
company's confidence in digital assets as a store of value.
CEO Arik Kaufman highlighted the strategic significance of the
decision, stating, “With recent approval of cryptocurrency ETFs and
growing support from institutional investors, cryptocurrencies
could be a great addition to our treasury strategy, with a view to
providing a functional store of value.” This move aligns with a
growing trend among companies diversifying their reserves in an
evolving global financial landscape.
Important Disclaimers and Disclosures: This report is for
informational purposes only and not intended to serve as financial,
investment or any form of professional advice or endorsement. This
content may include forward looking statements. Readers are
cautioned that any forward-looking statements are not guarantees of
future performance and involve risks, actual results may differ
materially from statements. PESG is a digital brand operated
commercially for IR purpsoes and is compensated to publish and
syndicate by the issuer aforementioned (STKH) and is thus subject
to conflicts of interest as detailed in the full documentation
detailing financial compensation disclosures and our full
disclaimers: https://justpaste.it/bdh8v/pdf
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version on businesswire.com: https://www.businesswire.com/news/home/20241121076968/en/
PESG Editorial Desk ronald@futuremarketsresearch.com
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