US-listed company Massimo incorporates bitcoin into its long-term treasury reserve strategy

Foresight News reported that Nasdaq-listed company Massimo announced that its board of directors has approved the inclusion of bitcoin (BTC) in the company's long-term treasury reserve strategy and has begun initial purchases. The company will disclose its holdings in a Form 8-K to be submitted to the U.S. Securities and Exchange Commission (SEC). Massimo stated that over the next five years, it will invest no more than 10% of its total assets in purchasing BTC.