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TORONTO - Quantum BioPharma Ltd. (NASDAQ: QNTM), a biopharmaceutical company with a market capitalization of $30.1 million, has announced the purchase of an additional $1 million in Bitcoin and other cryptocurrencies. This acquisition increases the company’s total cryptocurrency investment to $4.5 million. The company’s stock has shown remarkable momentum, posting a 178.53% return year-to-date. This strategic move is part of Quantum BioPharma’s broader plan to integrate digital currencies into its financing operations and to hedge against the Canadian dollar.
The company, which specializes in developing treatments for neurodegenerative and metabolic disorders, as well as alcohol misuse disorders, is now equipped to conduct transactions and receive financing in cryptocurrencies. Quantum BioPharma has assured that all transactions with cryptocurrencies are in full compliance with financial and audit regulations, facilitated through a compliant custodian.
Quantum BioPharma has stated that it will continue to monitor market conditions and adjust its cryptocurrency holdings as needed. According to InvestingPro data, the company operates with a moderate level of debt and maintains a current ratio of 0.96. This decision underscores the company’s confidence in the potential of digital currencies to yield investment returns and provide financial diversification. InvestingPro subscribers have access to 7 additional key insights about QNTM’s financial health and market position.
The company’s portfolio includes Lucid Psycheceuticals Inc., its subsidiary focused on a compound for multiple sclerosis treatment, and a 20.11% stake in Celly Nutrition Corp. as of March 31, 2025. Quantum BioPharma also retains rights to royalty payments from Celly Nutrition’s sales of the product unbuzzd™, with terms outlined in their agreement.
Additionally, Quantum BioPharma manages strategic investments through FSD Strategic Investments Inc., which includes loans secured by property. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value. The company’s activities and financial maneuvers, including its cryptocurrency investments, are part of its ongoing efforts to build a robust portfolio of innovative assets and solutions in the biotech space. Unlock comprehensive financial analysis and real-time alerts with an InvestingPro subscription.
This information is based on a press release statement from Quantum BioPharma Ltd. and reflects the company’s position and strategic decisions regarding its investments and operations.
In other recent news, Quantum BioPharma Ltd. has completed a $5 million funding round, which will be used to advance its research and development efforts and support the commercialization of certain assets. The company has also announced the development of a new formulation called rekvry™, aimed at treating alcohol misuse in emergency and hospital settings. In legal matters, Quantum BioPharma achieved a victory as the Court of Appeal for Ontario dismissed a reconsideration motion filed by its former CEO, Dr. Raza Bokhari, upholding previous decisions in favor of the company.
Additionally, Quantum BioPharma’s licensee, Celly Nutrition Corporation, has expanded its retail reach for the hangover mitigation beverage unbuzzd™ through a partnership with the Asian American Trade Associations Council, enhancing its availability across over 80,000 locations in the United States and Puerto Rico. In a separate move, Celly Nutrition is launching unbuzzd™ in Puerto Rico through a distribution partnership with FUSION Distribution Group, further broadening its market presence. Furthermore, Quantum BioPharma has appointed Kevin Malone as an advisor to its Board of Directors, bringing extensive experience in financial advisory and market dynamics to the company. These developments reflect Quantum BioPharma’s ongoing strategic initiatives and partnerships aimed at enhancing its market visibility and shareholder value.
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