The listed company Massimo has launched a Bitcoin strategic reserve, planning to invest no more than 10% of its total assets in purchasing BTC over the next five years
According to PR Newswire, Nasdaq-listed company Massimo announced that its board has approved the inclusion of Bitcoin (BTC) in the company's long-term treasury reserve strategy and has begun initial purchases, with subsequent disclosure of holdings information in an 8-K form submitted to the U.S. Securities and Exchange Commission (SEC).
The company stated that it will invest no more than 10% of its total assets in BTC over the next five years.
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