Over the last 12 months the Company has seen a substantial increase in its revenue position generated mainly from the sale of its radiology suite products and services. To maintain this growth and substantially scale the Company’s operations it needs to strengthen its balance sheet.
The Board has decided to establish a Bitcoin Treasury Management Policy (BTMP) to invest cash in excess of our working capital requirements. The excess cash is intended to be held in Bitcoin with the long-term view of building a strategic holding of Bitcoin which will support the Company’s growth.
Our Bitcoin Treasury Management Policy is underpinned by world’s best practices that covers risk management, custody and security, compliance and transparency. As part of our commitment to transparency we will update the market in accordance with our BTMP and ASX disclosure obligations.