NEWSLETTER
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Bionexus Gene Lab, based in Malaysia, announced on March 5 that he has approved his treasure strategy, which prioritizes ethereum (eth) over bitcoin (btc).
The firm said the decision was promoted by the recent inclusion of ethereum in the United States crypto strategic reserve and its “broader utility as a programmable financial platform.”
Bionexus <a target="_blank" href="https://www.globenewswire.com/news-release/2025/03/05/3037582/0/en/BioNexus-Gene-Lab-Corp-Announces-Board-Approval-of-ethereum-Treasury-Strategy-and-Release-of-Strategic-Whitepaper.html”>saying The extensive internal analysis of its Board of Directors identified the institutional adoption of ethereum, the rethinking potential and the domain of the financial infrastructure in Defi as key factors that support its integration of the Treasury.
As of September 30, 2024, the company's market capitalization was $ 6 million, its income was $ 2.6 million and its net income was negative of $ 1.3 million. Its objective is to become the first company that is quoted in Nasdaq to adopt an exclusive ethereum Treasury strategy, although it does not stipulate the amount of investment.
Sam Tan, CEO of Bionexus, declared:
“ethereum offers high liquidity, utility and stability compared to other digital assets, positioning BGLC as leader in corporate finances integrated in blockchain. Wyoming's regulatory leadership validates our decision even more, since it encourages an environment where Blockchain companies can prosper. “
Bionexus also cited the friendly regulatory environment with the Wyoming block chain, highlighting its “stable Wyoming act,” as an additional factor in its decision.
Wyoming's stable tokens law, approved in March 2023, allows Wyoming Wyoming Stable Token Commission to Wyoming Stable Tokens (WyST), which can be exchanged for US dollars.
Reverence and stable rails
In White document Titled “eth Strategy”, Bionexus argued that ethereum contrasts with the main use of bitcoin as a reserve of value by offering a Rentener mechanism that generates additional yield of 3% to 5% for companies annually, which makes it an attractive option for treasure management.
The document highlighted the rethinking property as a key factor in Bionexus's decision to prioritize eth for its treasury and emphasized ethereum's key role in global finances.
He pointed out that ethereum acts as the liquidation layer for USD (USDT), USD Coin (USDC) and other Stablecoins, and processes billions of dollars in transactions annually.
The report added that this infrastructure allows profitable and efficient cross -border payments, positioning ethereum as a central component of the digital economy.
Financial infrastructure for institutions
Other key differentiators include ethereum's role in business blockchain solutions, financial agreements and intelligent contract functionality, while bitcoin is mainly used as a treasure asset.
The financial solutions of ethereum mentioned in the technical document are the token of financial assets, decentralized payments and improved regulatory compliance, which reinforces its usefulness in institutional finances.
As a result, banks, investment companies and companies that are traded in the stock market are adopting ethereum more widely, indicating conventional financial acceptance. The company also awaits an acceleration in the adoption of corporations of funds quoted in exchange of ethereum (ETF).
In addition, the technical document mentions that the integration of eth aligns Bionexus with the continuous evolution of corporate finances, taking advantage of blockchain technology to improve financial efficiency and liquidity management.
The technical document expressed optimism about future ethereum updates, citing the sicking update, which will be held in April. Pectra will improve wallet capabilities, validator operations, network performance, intelligent contracts implementation and account abstraction.
