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Stock impact report

Trump's crypto advocacy steers businesses away from traditional treasury assets [Yahoo! Finance]

Enlivex Therapeutics Ltd. - Ordinary Shares (ENLV) 
Company Research Source: Yahoo! Finance
Several biotech firms have set targets to purchase up to 1 million bitcoin, citing its appeal as a hedge against inflation and economic uncertainty. While some critics argue that bitcoin's volatility makes it unfit as an inflation hedge, others see it as a legitimate tool for corporate treasurers. Companies are exploring ways to monetize their bitcoin holdings without selling them, such as using them as collateral to secure loans. By Niket Nishant and Bhanvi Satija (Reuters) - U.S. President-elect Donald Trump's pro-crypto stance is prompting small businesses to allocate portions of their cash to bitcoin, challenging the dominance of traditional assets as companies look for more robust inflation hedges. Over the past month, biotech firms Enlivex Therapeutics, Acurx Pharmaceuticals and Hoth Therapeutics have set a target of purchasing up to $1 million of bitcoin to hold as a treasury reserve asset. The moves underscore the growing appeal of bitcoin as a legitimate tool for corp Show less Read more
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