PANews reported on August 25th that Galmed Pharmaceuticals Ltd., a US-listed biopharmaceutical company, announced the implementation of a digital asset management strategy, planning to allocate $10 million (approximately 50% of its current cash reserves) to digital asset investments. The company has established a cryptocurrency committee to evaluate and oversee cryptocurrency-related investment activities. The strategy will include digital asset portfolio rebalancing, participation in liquidity provision, staking income, and risk hedging strategies. To implement this plan, Galmed has signed a letter of intent with cryptocurrency asset management service provider Tectona, which will provide consulting and operational services.PANews reported on August 25th that Galmed Pharmaceuticals Ltd., a US-listed biopharmaceutical company, announced the implementation of a digital asset management strategy, planning to allocate $10 million (approximately 50% of its current cash reserves) to digital asset investments. The company has established a cryptocurrency committee to evaluate and oversee cryptocurrency-related investment activities. The strategy will include digital asset portfolio rebalancing, participation in liquidity provision, staking income, and risk hedging strategies. To implement this plan, Galmed has signed a letter of intent with cryptocurrency asset management service provider Tectona, which will provide consulting and operational services.
Publicly traded company Galmed Pharmaceuticals announces implementation of digital asset management strategy
PANews reported on August 25th that Galmed Pharmaceuticals Ltd., a US-listed biopharmaceutical company, announced the implementation of a digital asset management strategy, planning to allocate $10 million (approximately 50% of its current cash reserves) to digital asset investments. The company has established a cryptocurrency committee to evaluate and oversee cryptocurrency-related investment activities. The strategy will include digital asset portfolio rebalancing, participation in liquidity provision, staking income, and risk hedging strategies. To implement this plan, Galmed has signed a letter of intent with cryptocurrency asset management service provider Tectona, which will provide consulting and operational services.
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