Business
Vortex Brands Co. Acquires MicroStrategy Stock as Strategic Asset
Vortex Brands Co. Acquires MicroStrategy Stock as Strategic Asset.
About this update from Vortex Brands Co.
[{"type":"text","content":"\n\n\n\nVortex Brands Co. Acquires MicroStrategy Stock as Strategic Asset\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVortex Brands Co. Acquires MicroStrategy Stock as Strategic Asset\nPR Newswire\nDENVER, Aug. 28, 2024\n\n\n\nDENVER, Aug. 28, 2024 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB), a Bitcoin mining company with expertise in renewable energy and cutting-edge technologies, has begun acquiring MicroStrategy (MSTR) stock as part of a new corporate strategy.\n\n\"Adding MicroStrategy stock to our balance sheet allows us to leverage the arbitrage strategy MicroStrategy employs between the corporate public markets and the value of Bitcoin,\" said Vortex Brands CEO, Todd Higley.\nThe initial purchase of 10 shares of MSTR is just the beginning, with the company planning to add at least that many shares monthly and report holdings quarterly.\n\"This move aligns with our positive outlook for Bitcoin and our belief in hard assets, including certain digital assets, as the preferred investment and business activity in today's post-low-inflation environment,\" added Mr. Higley.\nTo understand our thought process of adding MicroStrategy stock to our balance sheet and their advocacy for bitcoin, their \"Bitcoin for Corporations\" initiative features insights from industry leaders on integrating Bitcoin into business strategies: https://www.microstrategy.com/bitcoin/bitcoin-for-corporations\nYou can also hear their Chairman's participation from a Bitcoin conference here: https://youtu.be/S3T4nhtHxOA?si=roL7JBVyt2yfU2Wa\nVortex Brands also plans to announce a new division in the coming weeks that will generate additional revenue streams while they continue to optimize their Bitcoin mining efficiency to accumulate more Bitcoin.\nAbout Vortex Brands Co.:\nVortex Brands Co. (OTC: VTXB) is a public company dedicated to developing and deploying innovative technologies, including Bitcoin mining, with a focus on renewable energy and financial technology. The company aims to drive sustainable growth and deliver long-term value to its shareholders through strategic investments...