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The board of directors of LQR House, a US-listed company, has approved the purchase of $1 million BTC as reserve assets.
Odaily Planet Daily News, U.S. listed company LQR House Inc. (NASDAQ stock code: LQR), a niche e-commerce platform focusing on spirits and beverage industry, announced today that its board of directors has approved the purchase of $1 million worth of Bitcoin as part of its capital management strategy. In addition, the company will now accept cryptocurrency payments on CWSpirits.com, allowing customers to flexibly use digital money to purchase alcoholic beverages. As part of this plan, LQR House has implemented a policy to reserve up to $10 million in encryption payments for Bitcoin. (Accesswire)