CandleFocus Giant Company Announces It Will Buy Bitcoin (BTC), Its Shares Soared!
2024-11-22
Author: Content Editor
Interactive Strength, a fitness equipment manufacturer listed on Nasdaq, announced that its board of directors has authorized the purchase of up to $5 million worth of Bitcoin. The company believes that Bitcoin's growth and acceptance as a major asset class, along with its inflation-resistant properties, make it a suitable treasury reserve asset. The purchase will be limited to 25% of the company's average daily cash assets over the previous three months. Additionally, Interactive Strength plans to accept cryptocurrency payments, starting with Bitcoin, for its products.
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