Massimo (MAMO) announced that its Board of Directors has approved the inclusion of Bitcoin as part of the Company’s long-term treasury reserve strategy. Initial purchases have begun in line with this framework, and the Company expects to disclose holdings in upcoming SEC filings and, as appropriate, via Form 8-K. If fully executed, the program is expected to represent a single-digit percentage of Massimo’s total assets over the five-year period, positioning Bitcoin as a strategic reserve asset rather than a core operating holding. The Company remains focused on expanding its powersports business as its primary growth drivers.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAMO:
