TruSpine to implement bitcoin treasury policy alongside cash reserves

Published 25/06/2025, 07:14
© Reuters

LONDON - Medical (TASE:BLWV) device company TruSpine Technologies plc (AQSE:TRUP) announced Wednesday it is pursuing a Bitcoin Treasury Policy to complement its traditional cash reserves, according to a company press release.

The spinal stabilization device maker plans to strategically allocate capital from future fundraising efforts to build a bitcoin position, which the directors view as a hedge against inflation and geopolitical events.

"The Company will continue to focus on its core business, whilst growing a bitcoin treasury to facilitate the funding of such business over the medium-term," TruSpine stated in the announcement.

The company is currently exploring fundraising opportunities before commencing bitcoin acquisitions. No specific timeline or allocation percentages were disclosed in the statement.

TruSpine indicated it will provide updates on material changes to its bitcoin holdings and further developments regarding the treasury policy in future announcements.

The company, which specializes in vertebral stabilization medical devices, is advised by Cairn Financial Advisers LLP and Peterhouse Capital Limited.

This announcement was classified as containing inside information under UK Market Abuse Regulation, with TruSpine’s directors responsible for its release.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.