{"id":100846,"date":"2024-11-23T16:50:37","date_gmt":"2024-11-23T20:50:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100846"},"modified":"2024-11-23T16:52:07","modified_gmt":"2024-11-23T20:52:07","slug":"anixa-biosciences-expands-treasury-strategy-with-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/anixa-biosciences-expands-treasury-strategy-with-bitcoin\/","title":{"rendered":"Anixa Biosciences Expands Treasury Strategy with Bitcoin"},"content":{"rendered":"\n

Anixa Biosciences intends to increase shareholder value and fortify its financial strategy<\/a> by investing in Bitcoin.\u00a0
<\/p>\n\n\n\n

\"Anixa
Anixa Biosciences Expands Treasury Strategy with Bitcoin<\/figcaption><\/figure>\n\n\n\n

Citing Bitcoin's “unique inflation-resistant qualities,” the San Jose-based biotech company announced in a press release on November 22 that it will invest a portion of its treasury in the cryptocurrency. <\/p>\n\n\n\n

Anixa stated in a news release that the action was authorized by its board and was a component of a larger plan to diversify its cash holdings.<\/p>\n\n\n\n

In addition to focusing on progressing clinical trials and shareholder returns<\/a>, the biotech company highlighted its “strong balance sheet and excess cash,” which enable it to undertake strategic financial initiatives, including diversifying its holdings with Bitcoin.\u00a0<\/p>\n\n\n\n

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With Bitcoin's growing recognition as a mainstream asset class, we believe it represents a valuable addition to our treasury reserve strategy. The approval of Bitcoin ETFs and increasing participation from institutional investors highlight its rising importance in global markets.”<\/p>\n<\/blockquote>\n\n\n\n

Anixa's chief executive, Amit Kumar, emphasized the company's methodical approach to financial management, saying that the Bitcoin allocation is a “additional approach to prudent financial management, enabling greater shareholder value.” <\/p>\n\n\n\n

Mike Catelani, president and CFO of Anixa Anixa shares surged 7.84% in pre-market trading\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> after the announcement. Public businesses quickly use Bitcoin as a treasury asset. <\/p>\n\n\n\n

The action is in line with an increasing number of publicly traded corporations integrating Bitcoin into their financial plans. <\/p>\n\n\n\n

As part of its “Bitcoin-first” strategy, which aims to commit 90% or more of its assets to the cryptocurrency, the artificial intelligence<\/a> business Genius Group recently announced $4 million in Bitcoin acquisitions, increasing its holdings to 153 BTC. <\/p>\n\n\n\n

In order to take advantage of Bitcoin's potential as an inflation hedge and a store of value that fosters technical innovation, other businesses, such as MicroStrategy and Nasdaq-listed Acurx, have also increased their cryptocurrency holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Anixa Biosciences intends to increase shareholder value and fortify its financial strategy by investing in Bitcoin.\u00a0 Citing Bitcoin’s “unique inflation-resistant qualities,” the San Jose-based biotech company announced in a press release on November 22 that it will invest a portion of its treasury in the cryptocurrency. Anixa stated in a news release that the action […]<\/p>\n","protected":false},"author":43,"featured_media":100847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[23029,152,23030],"class_list":["post-100846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anixa-biosciences","tag-bitcoin","tag-financial-strategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1732386786482.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100846"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100847"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}