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LAS VEGAS - Modular home manufacturer Boxabl Inc. has purchased 10 bitcoin at an average price of approximately $107,800 per bitcoin, the company announced Monday.
The acquisition follows Boxabl’s treasury reserve strategy first adopted in May 2025, which allows the company to hold a portion of its assets in bitcoin as a hedge against inflation and to diversify its portfolio.
"Integrating Bitcoin into our treasury reflects our forward-thinking financial strategy," said Galiano Tiramani, Co-CEO of Boxabl.
The Las Vegas-based company, which manufactures prefabricated modular homes, recently announced it has entered into a definitive merger agreement with FG Merger II Corp. (NASDAQ:FGMC). The transaction is expected to result in Boxabl becoming publicly traded on Nasdaq under the ticker symbol "BXBL" with a valuation of approximately $3.5 billion. According to InvestingPro data, FGMC currently trades near its 52-week high of $10.03 with a market capitalization of $169.41 million. The merger partner maintains a healthy current ratio of 2.23, indicating strong short-term liquidity.
Boxabl has raised over $230 million from more than 50,000 investors to date, according to the company’s press release statement. The firm produces the Casita modular home and is working on expanding into new markets.
The company’s bitcoin purchase comes amid growing interest from corporations in holding digital assets as part of their treasury strategies, though such investments carry significant risks including price volatility and regulatory uncertainty. InvestingPro analysis suggests FGMC is trading at a premium to its Fair Value, with a notably high P/E ratio of 69. Subscribers can access 7 additional ProTips and comprehensive financial metrics to better evaluate this merger opportunity.
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