Red Light Holland Invests in Bitcoin ETF, Signaling Corporate Crypto Growth

Red Light Holland has made a strategic move into the cryptocurrency market by acquiring 10,600 shares of BlackRock’s Bitcoin ETF, signifying an increasing trend among corporations to allocate capital towards crypto assets. This acquisition marks a significant shift for the company known for its work in psychedelics and wellness, as they seek to diversify their treasury strategies. CEO Todd Shapiro believes that Bitcoin aligns with the firm’s values of independence and choice, similar to their approach in the psychedelics industry.