Gaxos.ai Inc. Embraces Bitcoin: A Strategic Move for Treasury Reserves

Gaxos.ai Inc. Approves Bitcoin Purchase

Roseland, NJ, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a leader in developing artificial intelligence applications across various sectors, has announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin.

CEO Vadim Mats remarked, "As demand for Bitcoin grows and its acceptance as a major asset class increases, we believe that Bitcoin will serve as a strong treasury reserve asset. With the recent approval of Bitcoin ETFs and growing institutional support, it is a valuable addition to our treasury strategy. Its limited supply and inflation-resistant characteristics provide a functional store of value."

About Gaxos.ai Inc.

Gaxos.AI is not just about developing applications; it’s about redefining the human-AI relationship. Our offerings span across health, wellness, and gaming, with a commitment to addressing health, longevity, and entertainment through innovative AI solutions.

Forward-Looking Statements

All statements, other than those of historical fact, in this announcement are forward-looking statements involving known and unknown risks and uncertainties. These statements are based on current expectations and projections about future events and financial trends affecting the Company’s financial condition and strategy. Investors should be aware that actual results may differ materially from anticipated results and are encouraged to review other factors affecting future results in the Company’s SEC filings.

Contact Information

Gaxos.ai Inc. Company Contact
Investor Relations
Email: ir@gaxos.ai
Phone: 1-888-319-2499