Steakholder Foods' Board of Directors Approves Purchase of Cryptocurrencies as Treasury Reserve Assets

Group 1 - The company, Steakholder Foods Ltd., has approved the purchase of up to $1 million in Bitcoin or cryptocurrency tracking indices as part of its treasury strategy [1] - The CEO of Steakholder Foods, Arik Kaufman, believes that cryptocurrencies, particularly Bitcoin, will serve as strong treasury reserve assets due to growing demand and acceptance as an asset class [1] - The recent approval of cryptocurrency ETFs and increasing support from institutional investors are seen as factors that could enhance the company's treasury strategy [1] Group 2 - Steakholder Foods specializes in alternative protein production and 3D printing technologies, aiming to transform the food industry [2] - Founded in 2019, the company develops and sells 3D-printing production machines using proprietary premix blends made from high-quality raw ingredients [2] - The company's products are designed to help manufacturers produce food that meets consumer expectations for taste, texture, and appearance while providing a sustainable alternative to traditional meat and seafood production [2] Group 3 - Steakholder Foods has expertise in creating alternative protein products that replicate the textures of traditional meats, including beef steaks, white fish, shrimp, and eel [3] - The company is also exploring the integration of cultivated cells, indicating a focus on future advancements in food technology [3]