AlAbraaj Restaurants Invests in Bitcoin for Treasury Strategy

Bahrain-based publicly traded catering company AlAbraaj Restaurants Group has adopted a Bitcoin treasury strategy in partnership with investment firm 10X Capital. The initiative, announced on May 15th, sees the company join the ranks of firms utilizing Bitcoin as part of their overall financial reserves. AlAbraaj’s decision comes in response to growing institutional interest in Bitcoin and its potential for future financial innovation.