Nasdaq-listed Steakholder Foods Ltd. announced that the company's board has approved the purchase of up to $1 million worth of bitcoin or an index tracking cryptocurrencies. Arik Kaufman, chief executive of Steakholder Foods, said: "As the demand for cryptocurrencies continues to grow and their acceptance as an asset class continues to grow, we believe that bitcoin or a diversified basket of cryptocurrencies including bitcoin will be a strong financial reserve asset for companies. Given the recent approval of cryptocurrency ETFs and the growing support from institutional investors, cryptocurrencies can be a great addition to financial strategies with a view to providing a practical store of value."