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Malaysia -based Bionexus Gene Lab announced that it has agreed to the treasury strategy, which gives priority to Ethereum (Eth) On Bitcoin (BTC).
The company said that the decision was driven by the inclusion of the last ETHEREUM in the strategic reserve for encryption in the United States and “a wider benefit as a programmed financial platform.”
bionexus He said The extensive internal analysis of its board of directors has identified the ETHEREUM institutional adoption, the possibility of pillars, and the domination of financial infrastructure in Defi as major factors that support the integration of the treasury.
As of September 30, 2024, the company’s market value amounted to $ 6 million, its revenues were $ 2.6 million, and a net income was $ 1.3 million. It aims to become the first Nasdak-The company has recruited to adopt the exclusive cabinet strategy for Ethereum, although it does not stipulate the investment amount.
Sam Tan, CEO of Bionexus: said:
“ETHEREUM provides high liquidity, interest and stability compared to other digital assets, and determining the BGLC position as a leader in financing integrated companies. The Wyoming organizational driving leads to the validity of our decision, because it enhances an environment in which Blockchain companies can flourish.”
Bionexus also cited a friendly regulatory environment in Wyoming, highlighting the “distinguished Wyoming” code law, as an additional factor in his decision.
Wyoming, which was approved in March 2023, allows the unstable Wyoming symbol to issue stable WYOMING codes (WYST), which can be replaced by US dollars.
Erotic bars and stablecoin
in White paper Bionexus, entitled “Eth Strategy”, argued that ETHEREUM contrasts with Bitcoin’s basic use as a value store by providing a mechanism full of an additional return from 3 % to 5 % for companies annually, making it an attractive option to manage the treasury.
The document highlighted the stokeing feature as a major worker in the Bionexus decision to determine and emphasize ETH priorities for its treasury The main role of Ethereum in global financing.
He pointed out that Ethereum works as a settlement layer for the US dollar (the US dollar (USDT), US currency (USDC), And other stablecoins, trillion dollars in transactions annually.
The report added that this infrastructure provides effective and effective payments across the border, which leads to ETHEREUM as a major component of the digital economy.
The financial infrastructure of institutions
Other major differentials include the role of ETHEREUM in Blockchain solutions for institutions, financial settlements, and smart contract functions, while Bitcoin is used primarily as the origin of the Treasury Department.
Financial solutions to Ethereum mentioned in the white paper are the symbol of financial assets, decentralized payments, and augmented organizational compliance, which enhances its benefit in institutional financing.
As a result, banks, investment companies and companies circulating for the public depend on a wider scale, which indicate prevailing financial acceptance. The company also expects an acceleration in the companies ’adoption of the money circulating in ETHEREUM (ETFS).
In addition, the white paper states that the integration of ETH is compatible with Bionexus with the continuous development of corporate financing, and the benefit of Blockchain technology to enhance financial efficiency and management of liquidity.
The white paper expressed its optimism about the future ETHEREUM promotions, citing the Pectra update, which will happen in April. PECTRA will enhance the capabilities of the portfolio, audit operations, network performance, spread the smart nodes, and abstract account.
