Germany-based biopharmaceutical company ATAI Life Sciences has announced its decision to allocate a portion of its treasury reserves to BTC, following in the footsteps of firms that have adopted Bitcoin as a strategic asset.
ATAI Life Sciences Board Chairman Christian Angermayer explained the move in a Substack post, citing Bitcoin’s potential role in capital preservation and optimization:
“In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize their capital: Can allocating some of their treasury cash to Bitcoin help a company preserve, optimize, or even extend its capital, and therefore contribute to its success?”
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As part of its Bitcoin treasury strategy, ATAI Life Sciences will make an initial investment of $5 million in BTC while maintaining sufficient cash reserves, short-term securities, and public equity to cover operational expenses through 2027.
The company’s decision coincides with a growing trend among companies looking to diversify their treasury holdings by including Bitcoin, an approach popularized by MicroStrategy, whose co-founder and chief executive officer Michael Saylor is a vocal advocate for institutional Bitcoin adoption.
This is not investment advice.