LQR House (LQR) Board of Directors has approved the purchase of up to $1M in Bitcoin as part of its treasury management strategy. In addition, the Company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10M of these crypto payments in Bitcoin, reflecting the Company’s confidence in the long-term potential and value of digital assets.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LQR:
- LQR House enters marketing partnership with New York Cocktail Co.
- LQR House announces 424.58% year-over-year revenue growth in October
- LQR House announces marketing partnership with Region de Mexico Tequila
- LQR House announces first shipment of SWOL Tequila for LCBO review
- LQR House to shut down RareSips NFT platform, end Bevage partnership
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue