Galmed Pharmaceuticals has announced a digital asset management strategy, dedicating 10,000,000 USD, which represents about half of its cash reserves. A cryptocurrency committee will oversee and evaluate related investments, focusing on rebalancing portfolios and providing liquidity.
To support this strategy, Galmed has signed a letter of intent with Tectona. This collaboration aims to enhance operational capabilities in cryptocurrency, including income generation through staking and implementing risk hedging strategies.
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