Healthtech firm Know Labs intends to buy 1,000 Bitcoin worth approximately 105 million USD. Prominent investor Greg Kidd will take a controlling interest and step in as CEO after the deal. This aligns with the increasing trend of public companies entering the cryptocurrency market.
Following the announcement, Know Labs shares surged by 71% in a single day. Kidd expressed optimism about favorable market conditions, indicating that this strategic move aims for sustainable growth and benefits for shareholders.
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