Jaguar Health to Incorporate Cryptocurrency into Treasury Reserves

Jaguar Health, Inc. has announced its strategic decision to integrate cryptocurrencies as part of its treasury reserve assets. This initiative, supported unanimously by the Board of Directors, aims to diversify the company’s holdings with a long-term digital store of value.

Founder and CEO Lisa Conte stated that cryptocurrencies are increasingly recognized as a substantial asset class. The company sees potential in selected cryptocurrencies to bolster its financial stability and safeguard against inflation. The decision comes as Jaguar evaluates offers from banks and investors for cryptocurrency transactions.

This move is also expected to support Jaguar's core development programs related to its plant-based drug, crofelemer, targeting various medical conditions, including cancer therapy-related diarrhea and conditions in dogs.