{"id":129567,"date":"2025-05-19T20:15:42","date_gmt":"2025-05-19T20:15:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129567"},"modified":"2025-05-19T20:15:42","modified_gmt":"2025-05-19T20:15:42","slug":"quantum-biopharma-bolsters-bitcoin-treasury","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129567","title":{"rendered":"Quantum Biopharma bolsters Bitcoin treasury"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsQuantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.\u00a0<br \/>\nThe buys take Quantum\u2019s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press release.\u00a0The biotech company plans to stake a portion of its crypto to generate revenue.\u00a0<br \/>\nQuantum expects that holding a treasury of Bitcoin (BTC) and other crypto assets will \u201cprovide a return on investment for shareholders and  provide some hedge against the Canadian dollar,\u201d it said.\u00a0<br \/>\nShares of Quantum\u2019s stock, QNTM, rose by approximately 25% following the announcement, according to data from Google Finance.\u00a0<br \/>\nQuantum Biopharma\u2019s stock rose on the announcement. Source: Google FinanceRelated: Basel Medical shares down 15% on $1B Bitcoin buying plans<br \/>\nPopular treasury strategy<br \/>\nQuantum is one of several healthcare companies accumulating Bitcoin as corporate crypto treasuries become increasingly popular.\u00a0<br \/>\nIn March, NASDAQ-listed biopharmaceutical company Atai Life Sciences tipped plans to buy $5 million worth of Bitcoin.\u00a0<br \/>\nIn a March 20 X post, Atai\u2019s founder, Christian Angermayer, said \u201cBitcoin should be a part of ANY corporate treasury \u2013 especially, in fact, in the biotech sector.\u201d<br \/>\nAngermayer added in a blog post that Bitcoin can help the biotech hedge against inflation and stay solvent during the long periods before drug approvals.\u00a0<br \/>\nCorporate treasuries are now major Bitcoin holders. Source: Bitcointreasuries.netOn May 16, Singapore-based healthcare company Basel Medical Group announced plans to buy $1 billion worth of Bitcoin.\u00a0<br \/>\nIt said a Bitcoin treasury will support its plans to expand in Asia through acquisitions by giving Basel \u201cone of the strongest balance sheets among Asia-focused healthcare providers.\u201d<br \/>\nUnlike Quantum, however, Basel\u2019s shares dropped significantly on the day of the announcement.<br \/>\nCollectively, corporate treasuries hold more than $83 billion in Bitcoin as of May 19, according to data from BitcoinTreasuries.NET.\u00a0<br \/>\nPublicly traded companies are now the largest institutional Bitcoin holders after exchange-traded funds (ETFs), the data shows.<br \/>\nBitcoin can \u201cpotentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks\u201d for companies, asset manager Fidelity Digital Assets said in a 2024 report.<br \/>\nMagazine:\u00a0Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<a href=\"https:\/\/cointelegraph.com\/news\/quantum-biopharma-bolsters-btc-treasury?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsQuantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.\u00a0 The buys take Quantum\u2019s total cryptocurrency holdings to approximately&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129567"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129567"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129567\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129567"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}