American Diversified announces first digital asset treasury purchase

* American Diversified (OTCPK:ADHC [https://seekingalpha.com/symbol/ADHC]) announced on Monday its first step in implementing its newly formed Digital Asset Treasury (DAT) Strategy with the acquisition of OTCfi tokens. OTCfi is a community-driven project launched by Metavesco, on the Solana blockchain.
* In addition, ADHC is in negotiations with Metavesco to purchase a two-year call option, giving the company the right to acquire additional OTCfi tokens at $0.002 per token.
* The purchase makes ADHC one of the first publicly traded companies, along with Metavesco ((OTCPK:MVCO [https://seekingalpha.com/symbol/MVCO])) to add OTCfi to its balance sheet.
* ADHC additionally unveiled the formation of a Crypto Advisory Board (CCAB), tasked with providing strategic oversight as the company integrates digital assets into treasury management.
* Source: Press Release [https://seekingalpha.com/pr/20232031-adhc-announces-first-digital-asset-treasury-purchase-with-acquisition-of-solana-based-otcfi]

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* Financial information for American Diversified Holdings Corporation [https://seekingalpha.com/symbol/ADHC/income-statement]