LQR House (YHC) announced its strategic intent to broaden its corporate focus by integrating cryptocurrency and blockchain technology into its long-term business model. This shift has been spurred by Leshner, the open market buyer of a stake in LQR House. Leshner has publicly expressed his interest in having the company pursue a more crypto-native strategy. The company plans to seek advice from Leshner, or members of the community that Leshner may suggest. Leshner no longer intends on pursuing a controlling interest in the company. This announcement follows the board’s previously approved resolution to allocate a portion of the company’s treasury to Bitcoin, along with its stated intention to explore a potential investment in mining infrastructure through a partnership with Bitmain and Polaris Capital.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YHC:
