Publicly traded medical company SRx Health Solutions has acquired $1.5 million worth of SOL and plans to establish a cryptocurrency lending subsidiary

2025-05-09 22:41:34

Collection

ChainCatcher news, according to Globenewswire, medical service provider SRx Health Solutions, Inc. (NYSE American: SRXH) announced that it has invested $1.5 million in Solana tokens (SOL) to advance its asset diversification strategy. The company has previously planned to allocate no more than 10% of its cash flow and cash reserves to invest in cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and physical gold and silver. The company's chairman, Adesh Vora, stated that in addition to existing funds, they will continue to increase their allocation to crypto assets through asset sales, partnerships, and financing, and explore the introduction of a crypto rewards program in their pharmacy business.

In addition, the company plans to establish a cryptocurrency lending subsidiary, intending to collateralize its Halo brand assets and future earnings to secure financing in cryptocurrencies such as Solana and Bitcoin. This move aims to avoid equity dilution in obtaining operating funds, which will be used for Halo brand marketing. Currently, the plan is still in the conceptual stage, and the company will further discuss implementation details with the crypto community.

(Source Link)

Related tags

SRx Health Solutions SOL

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.