Fed’s Powell opens door to potential rate cuts at Jackson Hole
LONDON - Medical (TASE:BLWV) device company TruSpine Technologies Plc (AQSE:TSP) announced Thursday it has engaged fintech advisory firm Alnistar Limited to support the implementation of its recently announced Bitcoin Treasury Policy.
The engagement follows TruSpine’s June 25 announcement of its intention to pursue a Bitcoin treasury strategy. According to the company, Alnistar will provide services including strategic planning, implementation guidance, and ongoing management oversight.
Alnistar’s role will encompass advising on cryptocurrency custodianship and insurance options, establishing a framework for capital allocation and risk monitoring, and preparing materials for board meetings and public disclosures.
TruSpine, which focuses on the spinal stabilization market, stated it has entered due diligence under non-disclosure agreements with potential service providers based on Alnistar’s advice.
"This marks an important step forward in the establishment of our Bitcoin Treasury Policy," said Geoff Miller, Chairman of TruSpine’s Board, in the press release statement.
The company indicated the treasury policy implementation is intended to support TruSpine’s core operating business. No specific details were provided regarding the amount of capital to be allocated to bitcoin holdings or the timeline for implementation.
TruSpine is listed on the Aquis Stock Exchange Growth Market in London. The announcement was identified as containing inside information for UK Market Abuse Regulation purposes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.