10:21 AM EDT, 06/05/2025 (MT Newswires) -- Silo Pharma ( SILO ) said Thursday that its board has approved buying up to $1 million in bitcoin as a treasury reserve asset.

Chief Executive Eric Weisblum said the move aims to diversify the company's holdings with a digital asset that "has significant upside potential," which could provide a shield against inflation.

Shares of Silo Pharma ( SILO ) were up 4% in recent trading.

Price: 0.59, Change: +0.02, Percent Change: +4.03