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Harrys Announces Bitcoin Investment
Thenewswireยท 2025-08-15 17:40
Group 1 - The company, Harrys Manufacturing Inc., has acquired 0.1525593 of a Bitcoin for a total cash consideration of $25,000, marking it as the first publicly traded tobacco company to include Bitcoin on its balance sheet [1] - The board of directors views this allocation to Bitcoin as an innovative step towards financial diversification and long-term value creation [1] - The company has opened a corporate cryptocurrency account with Bitbuy, a leading Canadian digital asset platform, to manage its digital assets in accordance with best practices [2] Group 2 - Harrys aims to provide value to shareholders by catering to adult tobacco consumers seeking high-quality Canadian products at affordable prices [3] - The management team has over 15 years of industry experience and collaborates with distribution and retail partners to prioritize customer needs [3]