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Heritage Distilling, a publicly traded spirits company on Nasdaq under the ticker CASK, plans to adopt Bitcoin as a strategic asset and accept it for online payments, pending board approval. CEO Justin Stiefel emphasized the company's innovative approach in the craft spirits sector, recognizing the growing consumer base using Bitcoin. The move follows trends set by other companies, including MicroStrategy, which has significantly invested in Bitcoin to enhance shareholder returns.
Babylon Labs has partnered with Fiamma to enhance Bitcoin's decentralized finance ecosystem by integrating zero-knowledge technology through Fiamma’s BitVM2 protocol. This collaboration aims to develop trust-minimized Bitcoin bridges, expanding BTC's utility in DeFi, while Babylon Labs continues to lead in Bitcoin staking with over 57,000 BTC staked and a total value locked exceeding $6 billion.In related news, Heritage Distilling Holding Company has announced a Bitcoin Treasury Policy, planning to accept Bitcoin as payment and hold it as a strategic asset, positioning itself as a pioneer in the craft spirits industry’s cryptocurrency integration.
Heritage Distilling Company, listed on Nasdaq, has adopted a Bitcoin treasury strategy, allowing it to accept BTC for its products and services. The board approved a proposal to acquire and hold Bitcoin, aiming to leverage acceptable margins to offset potential price volatility. This move aligns with a growing trend among companies, inspired by leaders like MicroStrategy, to integrate Bitcoin into their financial strategies.
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