LIXTE Biotechnology makes $2.6M initial purchase of digital currency

* LIXTE Biotechnology (NASDAQ:LIXT [https://seekingalpha.com/symbol/LIXT]) said on Wednesday that it has made an initial purchase of cryptocurrencies [https://seekingalpha.com/pr/20228805-lixte-biotechnology-holdings-makes-2_6-million-initial-purchase-of-digital-currency-to] to further diversify its treasury holdings and for potential acquisitions.
* The company purchased 10.5 Bitcoin (BTC [https://seekingalpha.com/symbol/BTC]) and 300 Ethereum (ETH [https://seekingalpha.com/symbol/ETH]) for a total of approximately $2.6M as part of its strategy to strengthen its treasury position.
* Cryptocurrency now totals approximately 43.6 percent of LIXTE’s treasury holdings. Recently, the company's board of directors approved an increased allocation of up to 50 percent of its treasury to cryptocurrencies.
* LIXTE Biotechnology (NASDAQ:LIXT [https://seekingalpha.com/symbol/LIXT]) shares were up more than 2% in extended trading.

MORE ON LIXTE BIOTECHNOLOGY HOLDINGS, INC.

* Lixte Biotechnology announces $5M equity financing; shares down [https://seekingalpha.com/news/4464478-lixte-biotechnology-announces-5m-equity-financing-shares-down]
* Financial information for Lixte Biotechnology Holdings, Inc. [https://seekingalpha.com/symbol/LIXT/income-statement]