SRx Health (SRXH) Solutions announced allocating further capital to its digital treasury management strategy with the purchase of Bitcoin, bringing its total allocation in cryptocurrency to $18M across Bitcoin and Ethereum. The investment has been executed according to internally developed models to preserve long-term optionality across volatile market regimes and was made as part of the Company’s broader capital allocation strategy, which seeks to deploy excess liquidity into publicly traded securities such as Opendoor, digital assets, and commodities such as gold and silver that management believes are undervalued and offer attractive risk-adjusted return potential for shareholders.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRXH:
- SRx Health invests in common stock of Opendoor Technologies
- SRx Health Wins NYSE American Extension for Compliance Plan
- SRx Health regains compliance with NYSE
- Crypto Currents: Cantor says bitcoin could be weak for next few months
- SRx Health deploys initial $10M of capital into digital assets