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Acurx Pharmaceuticals Shares Slide 17% After Disclosing Bitcoin Investment
Acurx Pharmaceuticals (ACXP.US) plans to spend up to $1 million to purchase bitcoin.
Pharmaceutical company Acurx Pharmaceuticals (ACXP.US) announced on Wednesday that it has received approval from the board of directors to purchase up to 1 million dollars in bitcoin as reserve assets. The stock fell 14% on Wednesday.
Acurx Pharmaceuticals Shares Are Trading Lower. The Company Announced Its Board of Directors Approved the Purchase of up to $1 Million in Bitcoin to Hold as a Treasury Reserve Asset.
Acurx Board of Directors Approves Bitcoin as Treasury Reserve Asset