Early Twitter Investor Builds $100 Million Bitcoin Treasury for Public Healthtech Company
Health technology firm Know Labs plans to purchase 1,000 Bitcoin, valued at approximately $105 million. Prominent fintech investor Greg Kidd will acquire a controlling interest in Know Labs and become its CEO upon deal completion. Kidd aims to implement a Bitcoin treasury strategy to foster sustainable growth and shareholder value. Bitcoin's price recently increased by 8%, trading at $105,031. Know Labs' stock price rose by 71% to $0.87 since the previous close. Many public companies are accumulating Bitcoin as part of their reserves, influenced by a favorable regulatory environment under U.S. President Donald Trump, who has enacted pro-crypto measures and appointed tech-friendly regulators. The trend includes investments in altcoins like Solana, XRP, and Ethereum.
