Full Press Release Details
Biotechnology Holdings Makes $2.6 Million
Initial Purchase of Digital Currency to Diversify Treasury
and for Potential Acquisitions
RATON, Fla., September 10, 2025-LIXTE Biotechnology Holdings, Inc. ("LIXTE" or the "Company")
(Nasdaq: LIXT and LIXTW), a clinical stage pharmaceutical company, today announced it has made an initial purchase of cryptocurrencies
to further diversify its treasury holdings and for potential acquisitions.
Company purchased 10.5 Bitcoin (BTC) and 300 Ethereum (ETH) for a total of approximately $2.6 million as part of its strategy to strengthen
its treasury position and expand its ability to transact across multiple mediums of exchange. Cryptocurrency now totals approximately
43.6 percent of LIXTE's treasury holdings. Recently, the Company's Board of Directors approved an increased allocation of
up to 50 percent of its treasury to cryptocurrencies.
Bitcoin and Ethereum to our treasury reflects our commitment to building a balanced and flexible digital asset strategy to complement
our cash holdings," said Geordan Pursglove, LIXTE's Chairman and Chief Executive Officer. "By diversifying our treasury
and enabling transactions across a wide spectrum of mediums, we are positioning LIXTE for greater adaptability and long-term growth in
the digital economy. We will continue to monitor opportunities to responsibly integrate cryptocurrency into our business operations and
balance sheet management."
LIXTE Biotechnology Holdings, Inc.
Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing
and commercializing cancer therapies. LIXTE has demonstrated that its first-in-class lead clinical PP2A inhibitor, LB-100, is well-tolerated
in cancer patients at doses associated with anti-cancer activity. Based on extensive published preclinical data (see www.lixte.com),
LB-100 has the potential to significantly enhance chemotherapies and immunotherapies and improve outcomes for patients with cancer.
lead compound, LB-100, is part of a pioneering effort in an entirely new field of cancer biology - activation lethality -
that is advancing a new treatment paradigm. LIXTE's new approach is covered by a comprehensive patent portfolio. Proof-of-concept
clinical trials are currently in progress for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer and Advanced Soft Tissue Sarcoma.
Additional information about LIXTE can be found at www.lixte.com.
Statement Disclaimer
announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934. For example, statements regarding the Company's financial position, business strategy
and other plans and objectives for future operations, and assumptions and predictions about future activities, including the continuing
development of proprietary compounds, the planning, funding, coordination and potential results of clinical trials, the patent and legal
costs to protect and maintain the Company's intellectual property worldwide, and the Company's ability to maintain compliance
with Nasdaq's continued listing requirements, are all forward-looking statements. These statements are generally accompanied by
words such as "intend," anticipate," "believe," "estimate," "potential(ly)," "continue,"
"forecast," "predict," "plan," "may," "will," "could," "would,"
"should," "expect" or the negative of such terms or other comparable terminology.
Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, based on information
available to it on the date hereof, but the Company cannot provide assurances that these assumptions and expectations will prove to have
been correct or that the Company will take any action that the Company may presently be planning. However, these forward-looking statements
are inherently subject to known and unknown risks and uncertainties. Actual results or experience may differ materially from those expected
or anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited
to, regulatory policies, available cash resources, research results, competition from other similar businesses, and market and general
are urged to read the risk factors set forth in the Company's filings with the United States Securities and Exchange Commission
at https://www.sec.gov. The Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.
more information about LIXTE, contact:
Phone: (631) 830-7092; Investor Phone: (888) 289-5533
Inc. Investor Relations pwinvestor@pondel.com
Pondel: (310) 279-5965; Laurie Berman: (310) 279-5962