Healthtech firm Know Labs is planning to acquire 1,000 Bitcoin, valued at approximately $105 million, under new leadership from fintech investor Greg Kidd, who will assume the role of CEO upon completion of the acquisition. Kidd expressed enthusiasm about implementing a Bitcoin treasury strategy during favorable market conditions, aiming to foster sustainable growth and long-term shareholder value. This strategic shift indicates a rising trend among public companies to stockpile cryptocurrencies. Know Labs joins a growing list of around five dozen publicly traded firms establishing Bitcoin treasuries in light of regulatory shifts that foster a more crypto-friendly environment in the U.S. This movement is further underscored by increasing investments in alternative cryptocurrencies as public companies continue to diversify their asset portfolios.

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