PR Newswire
DENVER, Aug. 28, 2024
DENVER, Aug. 28, 2024 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB), a Bitcoin mining company with expertise in renewable energy and cutting-edge technologies, has begun acquiring MicroStrategy (MSTR) stock as part of a new corporate strategy.
"Adding MicroStrategy stock to our balance sheet allows us to leverage the arbitrage strategy MicroStrategy employs between the corporate public markets and the value of Bitcoin," said Vortex Brands CEO, Todd Higley.
The initial purchase of 10 shares of MSTR is just the beginning, with the company planning to add at least that many shares monthly and report holdings quarterly.
"This move aligns with our positive outlook for Bitcoin and our belief in hard assets, including certain digital assets, as the preferred investment and business activity in today's post-low-inflation environment," added Mr. Higley.
To understand our thought process of adding MicroStrategy stock to our balance sheet and their advocacy for bitcoin, their "Bitcoin for Corporations" initiative features insights from industry leaders on integrating Bitcoin into business strategies: https://www.microstrategy.com/bitcoin/bitcoin-for-corporations
You can also hear their Chairman's participation from a Bitcoin conference here: https://youtu.be/S3T4nhtHxOA?si=roL7JBVyt2yfU2Wa
Vortex Brands also plans to announce a new division in the coming weeks that will generate additional revenue streams while they continue to optimize their Bitcoin mining efficiency to accumulate more Bitcoin.
About Vortex Brands Co.:
Vortex Brands Co. (OTC: VTXB) is a public company dedicated to developing and deploying innovative technologies, including Bitcoin mining, with a focus on renewable energy and financial technology. The company aims to drive sustainable growth and deliver long-term value to its shareholders through strategic investments and business expansion.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those implied by such statements.
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SOURCE Vortex Brands Co.
