Bitcoin Investment by atai Life Sciences

Another company has elected to add Bitcoin (BTC) to its balance sheet.

Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI), announced today that the firm would develop its own Bitcoin treasury strategy.

> “In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to Bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote on Substack.

The company will initially invest $5 million in Bitcoin, Angermayer said, while holding enough cash, short-term securities, and public equity for operational expenses into 2027.

The pharmaceutical firm is the latest in a long line of corporations which have sought to replicate Michael Saylor’s Bitcoin treasury strategy.

ATAI briefly surged when the news broke but is now down 2.8% for the day. After briefly topping $87,000 overnight, Bitcoin has been in quick retreat, now changing hands at $83,900, lower by about 1% over the past 24 hours.