The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset.
"This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans."
On an X spaces event Tuesday evening, MicroStrategy Chairman and bitcoin evangelist Michael Saylor said he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy.
The theme has broadened to the government level this year, with Sen. Cynthia Lummis proposing a national strategic bitcoin reserve this summer.
President-elect Trump similarly made mention of a potential national bitcoin stockpile in the same week.
Persons:
David P, Luci, MicroStrategy, Donald Trump's, Michael Saylor, Sen, Cynthia Lummis, Trump
Organizations:
Acurx Pharmaceuticals, Semler, Microsoft
Locations:
bitcoin