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Biotech's ATAI Life Sciences Joins Roster of Firms With Bitcoin Treasury Strategies
Christian Angermayer, the firm’s chairman, stated that it will acquire $5 million in BTC.
Mar 20, 2025, 5:05 p.m.
What to know:
- Biopharmaceutical company atai Life Sciences has announced plans to develop its own bitcoin treasury strategy, initially investing $5 million in bitcoin.
- The move is intended to preserve and optimize capital amid inflation and market volatility, according to the company's chairman, Christian Angermayer.
- ATAI's stock briefly moved higher on the announcement, but was trading lower by 2.8% for the session at press time.
Another company has elected to add bitcoin to its balance sheet.
Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy.
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“In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote on Substack.
The company will initially invest $5 million in bitcoin, Angermayer said, while holding enough cash, short-term securities and public equity for operational expenses into 2027.
The pharmaceutical firm is the latest in a long line of corporations which have sought to replicate Michael Saylor’s bitcoin treasury strategy.
ATAI briefly surged when the news broke but is now down 2.8% for the day. After briefly topping $87,000 overnight, bitcoin has been in quick retreat, now changing hands at $83,900, lower by about 1% over the past 24 hours.
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