LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.com [Yahoo! Finance]
LQR House Inc. (LQR)
Company Research
Source: Yahoo! Finance
in the spirits and beverage industry, today announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as part of its treasury management strategy. In addition, the Company will now accept cryptocurrency payments on CWSpirits.com , giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10 million of these crypto payments in Bitcoin, reflecting the Company's confidence in the long-term potential and value of digital assets. "As Bitcoin continues to gain traction as an accepted asset class, we see a unique opportunity to strengthen our treasury with an innovative investment," said Sean Dollinger, CEO of LQR House. "In our opinion, Bitcoin's inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty. We believe Bitcoin aligns with our forward-thinking strategy and complements
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LQR
News
- LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.comAccesswire
- LQR House Announces Marketing Partnership with the New York Cocktail Co. to Drive Awareness and Sales of Their Negroni Cocktail on CWSpirits.comAccesswire
- LQR House Inc. Reports 424.58% Year-Over-Year Revenue Growth in October 2024 Compared to October 2023Accesswire
- LQR House Announces Marketing Partnership With Region De Mexico Tequila BrandAccesswire
- LQR House Announces First Shipment of SWOL Tequila for LCBO ReviewAccesswire
LQR
Sec Filings
- 11/14/24 - Form 10-Q
- 11/12/24 - Form PRE
- 10/23/24 - Form 3
- LQR's page on the SEC website