Know Labs, Inc. announces adopting a Bitcoin Treasury Strategy, starting with 1,000 Bitcoin by entering into an agreement with Goldeneye 1995 LLC and Ripple's Greg Kidd.
Under the agreement, the Buyer will acquire shares of Know Labs' common stock by dividing the total value of 1,000 Bitcoin and a cash amount, designated to pay down debt and provide additional working capital.
The Bitcoin will serve as a central element of the Company's treasury strategy, aiming to generate sustainable growth and long-term shareholder value.
Partnership with Greg Kidd marks a pivotal next chapter for Know Labs, focusing on research in non-invasive medical technology and Bitcoin's increasing adoption as a treasury reserve asset globally.