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Propanc Biopharma Secures $100M Crypto Treasury Deal to Fund Cancer Therapy Development

Propanc Biopharma Secures $100M Crypto Treasury Deal to Fund Cancer Therapy Development

Author:

Global Cryptocurrency

Published:

2025-11-11 09:28:02

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BTCCSquare news:

Propanc Biopharma has inked a $100 million convertible preferred stock deal with crypto-focused family office Hexstone Capital. The Australian biotech firm received an initial $1 million tranche, with the remaining $99 million available over the next year. Funds will establish a digital asset treasury while advancing PRP cancer treatment toward human trials by late 2026.

Despite the capital infusion, PPCB shares fell 10.5% on Nasdaq following the announcement, extending a 46.7% monthly decline. The company plans to target undervalued crypto treasury assets trading below net asset value ratios—a strategic move that underscores growing institutional crossover between biotech and digital assets.

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