BionExus selects Etherrium than the Treasury Bitcoin due to programming possibilities and utility.
Bionexus Gene Lab, headquartered in Malaysia, announced on March 5 that it has approved the financial strategy that prioritizes Ether Leeum (ETH) over Bitcoin (BTC).
The company said that it was recently led by Ether Leeum to the US encryption strategy reserve and “extensive useful as a programable financial platform.”
BionExus said that the wide range of internal analysis of the board confirmed that Ethereum’s institutional adoption, staying potential and Defi’s financial infrastructure was a major factor in supporting the integration of the Ministry of Finance.
As of September 30, 2024, the company’s market cap was $ 6 million, sales were $ 2.6 million, and net profit was $ 1.3 million. Although it does not define the amount of investment, it aims to become the first NASDAQ listed company that adopts Etherum exclusive financial strategy.
Sam Tan, CEO of BionExus, said:
“Ethereum provides higher liquidity, utility and stability compared to other digital assets, and places BGLC as a leader of blockchain integrated enterprise finance. Wioming’s regulatory leadership further verifies our decisions as the blockchain business can thrive. ”
BionExus also quoted Wyoming’s blockchain -friendly regulatory environment and emphasized the “Wioming Stable Token Act” as an additional factor in the decision.
The Wyoming Stable Token Act, which passed in March 2023, allows the Wioming Stable token Committee to issue Wioming Stable Token (WYST).
Staying and Starble Recon Rail
A white book BionExus argued that BionExus, titled “ETH Strategy,” provides Ethereum with a staying mechanism that generates 3%to 5%additional yields to the company every year, providing an attractive option for financial management in contrast to the main purpose of Bitcoin.
This document emphasized the stage King attribute as a key element of the decision to determine and emphasize the priority of the Treasury of the Treasury of BionExus. The main role of Ether Leeum in global finance.
Ether Lee is the settlement layer of Tether USD (USDT), USD Coin (USDC) and other stablecoins and handles $ 1 trillion in transactions every year.
This report allows the infrastructure to pay for cost -effective and efficient borders, so that Ethereum is the central component of the digital economy.
Financial infrastructure for institutions
Other major differentiated elements include Ethereum in the Enterprise Blockchain Solutions, Financial Settlements and Smart Contracts, and Bitcoin is mainly used as financial assets.
Ether Lee’s financial solution mentioned in the white paper is to strengthen its usefulness in institutional finance by tokenization of financial assets, decentralized payment and regulation compliance.
As a result, banks, investment companies, and public trading companies adopt Ether Leeum more extensively, which informs the acceptance of liquor financial. The company also expects to accelerate the adoption of the company’s ETF (Ethereum Exchange-Traded Fund).
The white paper also states that ETH integration matches BionExus with the continuous development of corporate finance, using blockchain technology to improve financial efficiency and liquidity management.
The white paper cited the PECTRA update, which will be broadcast live in April, and expressed the optimism of Ether Lee’s future upgrade. PECTRA enhances wallet functions, valid tester operations, network performance, smart contract distribution and account abstraction.
