Harrison Global signs bitcoin purchase agreement with White Lion Capital

Harrison Global Holdings Inc. (NASDAQ: BLMZ) announced it entered a binding term sheet with White Lion Capital LLC to establish a Bitcoin Purchase Agreement. The company stated this represents the launch of its Bitcoin Treasury Strategy to integrate bitcoin as a component of its balance sheet.

The agreement requires final approval from Harrison Global's Board of Directors and compliance with applicable securities regulations. The company said the bitcoin acquisition aims to diversify treasury reserves and protect against inflationary pressures.

"Our Bitcoin Treasury Strategy is designed to not only support our capital preservation goals but also enhance long-term value for shareholders," a company spokesperson said.

White Lion Capital LLC will provide expertise for the bitcoin acquisition process. Harrison Global described White Lion Capital as having experience in digital asset investments.

The company stated the bitcoin strategy will operate alongside its diversification plan, which includes acquisitions in AI-powered entertainment, health technology, and blockchain innovation. Harrison Global reported having more cash than debt on its balance sheet.

Harrison Global Holdings Inc. is a holding company focused on entertainment, health tech, digital media, and technology sectors.

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