Centaurus Energy Inc. (TSE:CTA) has released an update.
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Centaurus Energy Inc. has announced a shift in its capital allocation strategy, now focusing on Ether, the Ethereum blockchain’s native cryptocurrency, as its primary treasury reserve asset. The company, with a history in physical commodities, is embracing digital commodities to potentially yield higher returns. CEO David D. Tawil has demonstrated confidence in this new direction by extending a loan of up to USD 1,500,000 to support the strategy.
For further insights into TSE:CTA stock, check out TipRanks’ Stock Analysis page.