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US public company Massimo launches Bitcoin strategic reserve, planning to invest no more than 10% of its total assets in BTC over the next 5 years.
ChainCatcher news, Nasdaq-listed company Massimo announced that its board has approved the incorporation of Bitcoin (BTC) into the company's long-term treasury strategy reserves and has begun initial purchases. Subsequent holdings information will be disclosed in the 8-K form submitted to the U.S. Securities and Exchange Commission (SEC). The company stated that it will invest no more than 10% of its total assets in BTC over the next five years.