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. Delivers 19.95% Year-Over-Year Revenue Growth in November 2024 Compared to November 2023, Achieves a 61% Month-Over-Month Surge in November 2024 Compared to October 2024 and Regains Compliance With Nasdaq Minimum Bid Price Requirement [YahoYaho
- LQR House Inc. Announces Change of Ticker Symbol From "LQR" to "YHC" Effective December 16, 2024Accesswire
- LQR House Inc. Secures Liquor Control Board of Ontario (LCBO) Approval for SWOL Tequila in Ontario [Yahoo! Finance]Yahoo! Finance
- LQR House Inc. Secures Liquor Control Board of Ontario (LCBO) Approval for SWOL Tequila in OntarioAccesswire
- LQR House Inc. Announces Share Acquisition by MeiFang Group at $1.58/Share and Agreement for Share Acquisition by Winz Technology Co. at $2.85/Share, Along With Highly Qualified Board Nominations [Yahoo! Finance]Yahoo! Finance
LQR
Sec Filings
- 12/5/24 - Form DEFR14A
- 12/2/24 - Form 4
- 11/26/24 - Form DEFA14A
- LQR's page on the SEC website