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NEW YORK - Sadot Group Inc. (NASDAQ:SDOT), a global food supply chain and agri-commodities company, has retained Bitcoin Bancorp (OTC:BULT) to design and implement a Bitcoin treasury strategy, according to a press release statement issued Monday. Bitcoin Bancorp, with a market capitalization of $35.11 million, has demonstrated strong market performance with a 108% return over the past year, according to InvestingPro data.
The engagement positions Sadot as one of the first NASDAQ-listed agricultural companies to formally explore Bitcoin as a treasury reserve asset under a board-approved policy framework.
Bitcoin Bancorp will work with Sadot’s executive team to develop a treasury framework that includes corporate policy aligned with accounting standards, institutional-grade custody solutions, risk-managed acquisition models, and ongoing treasury operations covering compliance and disclosure practices.
"With Bitcoin Bancorp management’s expertise, we are prioritizing governance, security, and liquidity as we explore integrating Bitcoin into our treasury operations," said Chagay Ravid, CEO of Sadot Group.
Sadot joins other public companies that have adopted Bitcoin as part of their treasury strategy, including MicroStrategy, GameStop, and Trump Media & Technology Group. MicroStrategy holds the largest corporate Bitcoin reserves, while GameStop recently purchased 4,710 BTC valued at approximately $506 million.
Bitcoin Bancorp, headquartered in Las Vegas, specializes in blockchain technologies and digital asset management. The company, through its subsidiary First Bitcoin Capital LLC, owns two Bitcoin ATM patents and provides advisory services for institutional digital asset management. InvestingPro analysis reveals the company’s impressive YTD performance of 73%, with particularly strong momentum shown in recent weeks, posting a 19.44% gain in the past week alone. Subscribers to InvestingPro can access 8 additional key insights about Bitcoin Bancorp’s financial health and market position.
Sadot Group, based in Burleson, Texas, sources and distributes agricultural commodities including soybean meal, wheat, and corn from the Americas, Africa, and the Black Sea to markets in Southeast Asia, China, and the Middle East/North Africa. For detailed financial analysis and real-time updates on both Sadot Group and Bitcoin Bancorp’s performance metrics, visit InvestingPro for comprehensive investment insights and exclusive financial indicators.
In other recent news, Bitcoin Bancorp, formerly known as Bullet Blockchain, Inc., has announced a rebranding as part of its strategy to expand its Bitcoin ATM network and financial technology services. The company holds two U.S. patents related to Bitcoin ATM technology, which it claims are essential for the operation of Bitcoin ATMs across North America. In addition, Bitcoin Bancorp has entered into a partnership with Swiss-based Tangem to distribute secure cryptocurrency wallets to its customers. This collaboration will allow Tangem users to access cryptocurrency trading and other services through Bitcoin Bancorp’s network. Furthermore, the company has outlined a strategic growth plan focused on expanding its Bitcoin ATM network operations across the United States. The plan includes initiatives centered on operational expansion, leadership enhancement, capital acquisition, and strategic partnerships. These developments reflect Bitcoin Bancorp’s efforts to strengthen its position in the cryptocurrency sector.
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