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Silo Pharma Expands Crypto Treasury with First Strategic Bitcoin Purchase Reinforcing Company’s Commitment to Multi-Chain Growth
Globenewswire· 2025-10-08 12:45
Core Insights - Silo Pharma has initiated its first Bitcoin purchase as part of a broader crypto reserve strategy aimed at multi-chain asset growth [1][2] - The CEO of Silo Pharma expressed confidence in Bitcoin as a store of value and a hedge against market volatility, highlighting the company's commitment to digital asset investments [2] - Silo Pharma's portfolio includes various therapeutic programs targeting conditions such as PTSD, fibromyalgia, and CNS diseases, developed in collaboration with leading universities [3] Company Overview - Silo Pharma operates as a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company [3] - The company focuses on addressing underserved medical conditions, including stress-induced psychiatric disorders and chronic pain [3] - Silo's innovative programs include SPC-15 for PTSD and SP-26 for fibromyalgia, along with preclinical assets for Alzheimer's disease and multiple sclerosis [3]
Silo Pharma Expands Crypto Treasury with First Strategic Bitcoin Purchase Reinforcing Company's Commitment to Multi-Chain Growth
Globenewswire· 2025-10-08 12:45
Core Insights - Silo Pharma has initiated its first Bitcoin purchase as part of a broader crypto reserve strategy aimed at multi-chain asset growth [1][2] - The CEO of Silo Pharma expressed confidence in Bitcoin as a store of value and a hedge against market volatility, highlighting the company's commitment to digital asset investments [2] - Silo Pharma's portfolio includes various therapeutic programs targeting conditions such as PTSD, fibromyalgia, and CNS diseases, indicating a diversified focus beyond cryptocurrency [3] Company Overview - Silo Pharma is a developmental-stage biopharmaceutical and cryptocurrency treasury company, focusing on underserved medical conditions [3] - The company collaborates with leading universities and laboratories for its research initiatives [3] Investment Strategy - The company has made multiple crypto investments, including Ethereum, RSC, and Solano tokens, and plans to continue expanding its digital asset portfolio [2] - The strategic approach reflects the company's belief in the growing adoption and value creation opportunities within the cryptocurrency market [2]