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Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet. In the first step of this significant move, Hoth Therapeutics will buy up to $1 million in Bitcoin, according to details in a press release. Big move as Hoth buys Bitcoin Hoth points to Bitcoin’s traction as an investment asset, global adoption and rising institutional purchase as key to its decision. Bitcoin ETFs and options approval, increased ETF inflows and assets as well as plans for strategic BTC reserves has also buoyed several platforms. The Hoth management team also looked at BTC as a hedge against inflation and store of value as crucial Features . “As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as ...

The price of gold is surging rapidly. The precious yellow metal is currently a favorite among global banks, which have been hoarding it at a record pace. But why are banks stocking up on gold like there’s no tomorrow? Let’s find out. Also Read: US Dollar Plummets As Global Market Shifts, Yuan & Gold Soars Global Gold Purchases Hit A New Record According to a post uploaded by the Kobeissi Letter, central banks’ global net purchases of gold have breached the 480-tonne mark. The portal further pointed out stellar AUX statistics, indicative of global central banks purchasing nearly 480 metric tons of gold in the first half of 2024. “BREAKING: Global net gold purchases by central banks reached 483 metric tons in the first half of 2024, the most on record.” Furthermore, the portal shared how the global bank gold purchase has spiked 5% as compared to the AUX purchases made in 2023. “This is 5% higher than the previous record of 460 tons set in the first half of 2023. In Q2 20...