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NEW YORK - Black Titan Corporation (NASDAQ:BTTC), whose stock has declined over 61% in the past year and currently trades at $10.05, announced Monday plans to pursue strategic cryptocurrency initiatives and potential investments in digital currencies.
The company is exploring a digital currency holding strategy that could include direct coin acquisitions, mining operations, and fintech-related mergers and acquisitions to expand its portfolio.
"The approach of leveraging debt, equity, and cash flow to build crypto holdings has delivered strong results for numerous companies and their investors," said Chay W. J., CEO of Black Titan, in a press release statement.
The company indicated it aims to increase investor access to emerging coins with growth potential, citing the current political climate and potential institutional adoption as factors in its timing.
Black Titan’s announcement comes as several major financial institutions have begun exploring cryptocurrency investments, though the company did not specify which digital currencies it plans to target or the timeline for implementing its strategy.
The company did not disclose the amount it intends to allocate toward cryptocurrency investments or provide details about specific acquisition targets.
Black Titan Corporation is publicly traded on the Nasdaq exchange.
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