Silo Pharma Inc. Board Approves $1 Million Bitcoin Purchase as Treasury Reserve Asset for Long-Term Value Optimization

Reuters

2025/06/05

Silo Pharma Inc. Board Approves $1 Million Bitcoin Purchase as Treasury Reserve Asset for Long-Term Value Optimization

Silo Pharma, Inc. (Nasdaq: SILO), a developmental stage biopharmaceutical company, announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. This strategic decision aims to diversify the company's assets by incorporating a digital store of value, potentially offering significant upside. CEO Eric Weisblum explained that the move is intended to safeguard against inflation and enhance long-term shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silo Pharma Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9463875-en) on June 05, 2025, and is solely responsible for the information contained therein.

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Board Approves $1 Million Bitcoin Purchase as Treasury Reserve Asset for Long-Term Value Optimization\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-05 21:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Silo Pharma Inc. Board Approves $1 Million Bitcoin Purchase as Treasury Reserve Asset for Long-Term Value Optimization\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Silo Pharma, Inc. (Nasdaq: SILO), a developmental stage biopharmaceutical company, announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. This strategic decision aims to diversify the company's assets by incorporating a digital store of value, potentially offering significant upside. CEO Eric Weisblum explained that the move is intended to safeguard against inflation and enhance long-term shareholder value.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silo Pharma Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9463875-en) on June 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250605:nNDL2h1pw7:1","article_id":"2541734650","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541734650","pubTimestamp":1749129309,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Silo Pharma, Inc. , a developmental stage biopharmaceutical company, announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. 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Board Approves $1 Million Bitcoin Purchase as Treasury Reserve Asset for Long-Term Value Optimization\n    \n\n        Silo Pharma, Inc. (Nasdaq: SILO), a developmental stage biopharmaceutical company, announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. This strategic decision aims to diversify the company's assets by incorporating a digital store of value, potentially offering significant upside. CEO Eric Weisblum explained that the move is intended to safeguard against inflation and enhance long-term shareholder value.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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