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PRNewsWire
3 months ago
Galmed Announces Digital Asset Management Strategy to Enhance Capital Efficiency and Drive Shareholder Value
An amendment to the Company's Articles of Association to increase the authorized share capital from 50,000,000 ordinary shares to 900,000,000 ordinary shares was approved at the Company's Special General Meeting of shareholders held on August 15, 2025 The Company is initially planning to invest up to $10M representing approximately 50% of its current cash balance to be deployed in execution of an active digital asset management strategy which may include covered call options, staking, lending, and yield-generating protocols Galmed is in the process of engaging Tectona Ltd. (TASE: TECT), a specialized crypto treasury management service provider, to advise and implement digital asset strategy by Galmed TEL AVIV, Israel , Aug. 25, 2025 /PRNewswire/ -- Galmed Pharmaceuticals Ltd.