Vortex Brands Begins Plan to Acquire MicroStrategy Shares-July 2024-www.financetom.com

Vortex Brands Begins Plan to Acquire MicroStrategy Shares

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Vortex Brands Begins Plan to Acquire MicroStrategy Shares

Aug 29, 2024 9:14 AM

05:46 AM EDT, 08/28/2024 (MT Newswires) -- Bitcoin mining company Vortex Brands said Wednesday it has begun acquiring Bitcoin arbitrage firm MicroStrategy ( MSTR ) stock as part of a new business strategy.

The company said it has made an initial purchase of 10 MicroStrategy ( MSTR ) shares and plans to add at least as many shares each month.

Vortex Chief Executive Todd Higley said the strategy "aligns with our positive outlook for Bitcoin and our belief in hard assets, including certain digital assets, as the preferred investment and business activity in today's post-low-inflation environment."

Vortex said it also plans to announce a new division in the upcoming weeks that will generate additional revenue.

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