By Kelly Cloonan
Shares of PSQ Holdings declined after the company said it plans to launch a cryptocurrency treasury as a service for its clients.
The stock fell 22% to $2.21 on Thursday. Shares are down about 52% this year.
The financial technology company said Thursday it will use IDX Advisors' crypto technology to allow businesses across its ecosystem to integrate cryptocurrencies and stablecoins into their operations.
"In short, our merchants gain the ability to act as their own banks while capitalizing on the rapid growth of crypto finance," the company said.
The move aims to position the company at the intersection of technology and distribution, helping it to monetize every transaction and service amid as the economy shifts away from traditional finance toward cryptocurrency, Chief Executive Michael Seifert said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
September 25, 2025 12:41 ET (16:41 GMT)
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