US-listed Propan to stockpile USD 100 million worth of Ethereum over one year

Son Min

Summary

Nasdaq-listed Propan Biopharma announced plans to stockpile USD 100 million worth of Ethereum(ETH).
Propan said it will stockpile Ethereum over the next 12 months.
The company said Ethereum has recorded higher gains than traditional assets over the past five years and will provide mid- to long-term value to shareholders.

Propan Biopharma, listed on Nasdaq, announced plans to stockpile USD 100 million worth of Ethereum (ETH).

On the 2nd (local time), according to GlobeNewswire, Propan said in a press release, "It plans to stockpile USD 100 million worth of Ethereum over the next 12 months." It added, "Ethereum has recorded higher gains compared to traditional assets over the past five years," and said, "it will provide mid- to long-term value to shareholders."

ETH