Propanc Biopharma (Nasdaq: PPCB) has announced plans to invest $100 million in Ethereum over the next year. The biopharmaceutical company aims to diversify its asset portfolio and accelerate its drug development and acquisition strategies. Propanc highlighted Ethereum's capabilities in supporting smart contracts and decentralized applications, as well as its energy efficiency and liquidity advantages over Bitcoin. The investment will primarily focus on holding Ethereum, with some funds directed towards drug development and intellectual property acquisition.
Propanc Biopharma to Invest $100 Million in Ethereum for Asset Diversification
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