SRx Health Solutions Increases Investment in Digital Assets to $18M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
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SRx Health Solutions announced allocating further capital to its digital treasury management strategy with the purchase of Bitcoin, bringing its total allocation in cryptocurrency to $18M across Bitcoin and Ethereum. The investment has been executed according to internally developed models to preserve long-term optionality across volatile market regimes and was made as part of the Company's broader capital allocation strategy, which seeks to deploy excess liquidity into publicly traded securities such as Opendoor, digital assets, and commodities such as gold and silver that management believes are undervalued and offer attractive risk-adjusted return potential for shareholders.
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About SRXH
SRx Health Solutions, Inc. is a pet health and wellness company focused on providing pet products and services. It offers a portfolio of pet health and wellness products for dogs and cats sold under its Halo brand in multiple forms, including foods, treats, toppers, dental products, chews and supplements. Its products consist of kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products and supplements. It offers products in different channels: E-commerce, which includes the sale of products to online retailers such as Amazon, Chewy, Petflow, Thrive Market, and Vitacost; Brick & Mortar, which includes the sale of products to pet specialty retailers, independent pet stores, and regional distributors; and International, which includes the sale of products to foreign distribution partners and to select international retailers. It operates a specialty pharmacy business through its subsidiary SRx Health Solutions (Canada) Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
