ASX-listed biotech firm latest to adopt a Bitcoin strategy to stay afloat

Opyl Limited has announced its adoption of a Bitcoin treasury strategy to navigate ongoing financial challenges in hopes of improving its overall situation.

The company purchased about 2 BTC valued at approximately 214,500 USD, leading to a subsequent share surge of over 47%.

A non-dilutive loan of 1.3 million USD secured against Bitcoin holdings was provided to support the company’s endeavor amidst its current financial stress.

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