TechFlow, June 26 — According to Decrypt, Opyl Limited, an AI biotech company listed on the Australian Securities Exchange, announced a Bitcoin reserve strategy to address financial pressure. The company purchased approximately 2 bitcoins, worth about $214,500, through the DigitalX Bitcoin ETF. Opyl stated that this move aims to enhance "treasury diversification" and create shareholder value.
Notably, Opyl had only $41,700 in cash remaining at the end of the March quarter, sufficient to fund operations for less than one month. The report indicated that this Bitcoin strategy is a survival measure amid financial difficulties. Following the announcement, Opyl's stock price rose over 47% that day.
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