Boxabl Inc. acquired 10 Bitcoin as part of its treasury reserve strategy to diversify financial reserves and hedge against inflation.
The acquisition reinforces Boxabl's confidence in Bitcoin's long-term value and supports its mission.
Boxabl aims to build a resilient and innovative company amidst dynamic economic conditions by integrating Bitcoin into its treasury.
Bitcoin Acquisition
Boxabl purchased 10 Bitcoin at an average price of $107,800 per BTC.
Merger Agreement
Boxabl is set to merge with FG Merger II Corp., becoming a publicly traded company under the ticker symbol 'BXBL' on Nasdaq.
Financial Foundation
Boxabl has raised over $230 million from more than 50,000 investors, solidifying its financial position for growth.
- Boxabl's Bitcoin acquisition demonstrates a strategic move towards diversification and long-term value preservation.
- The merger announcement with FG Merger II Corp. indicates Boxabl's strategic expansion and public listing goals on Nasdaq.
- The company's financial achievements, including raising significant funds, showcase investor confidence in Boxabl's vision and potential.
Boxabl's strategic decisions highlight its commitment to innovation and growth within the housing industry and financial markets. The integration of Bitcoin and the upcoming merger underpin Boxabl's ambitious vision for the future.