SSOK is Running HURRY Sunstock Inc. Announces E
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Posted On: 02/17/2021 10:23:39 AM
SSOK is Running HURRY
Sunstock Inc. Announces Expanded Revenue Strategy, Will Accept Bitcoin for Payment
8:00 am ET February 17, 2021 (Globe Newswire) Print
Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces that its retail store in California will begin accepting bitcoin payments in the second half of 2021.
Mom's Silver Shop, the Company's retail location in Sacramento, Calif., buys and sells gold, silver and rare coins to investors and customers. Accepting bitcoin as payment will create another revenue stream for Sunstock as it accommodates for strong demand in precious metals and mainstream use of cryptocurrency.
"Our corporate strategy has always been to monitor the global economy and take advantage of growth points. We anticipate gold and silver will continue to increase in value in 2021, and as bitcoin continues to gain popularity among consumers and businesses, our plan is to capture the synergy of the markets," stated Sunstock CEO Jason Chang. "Our goal is to accept at least two bitcoins per day, or 730 per year, which would increase our revenue to approximately $35 million annually."
Sunstock continues to build its inventory of gold, silver and rare coins, giving shareholders the opportunity to invest in the precious metals sector while avoiding the risks associated with actual mining operations. Broader expansion plans include growing revenues by selling wholesale to other retailers.
About Sunstock Inc.:
Sunstock Inc. (OTC: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a "ground to coin" strategy, whereby it uses its wholesale and retail channels to sell these precious metals primarily through its own branded coins. For more information
Sunstock Inc. Announces Expanded Revenue Strategy, Will Accept Bitcoin for Payment
8:00 am ET February 17, 2021 (Globe Newswire) Print
Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces that its retail store in California will begin accepting bitcoin payments in the second half of 2021.
Mom's Silver Shop, the Company's retail location in Sacramento, Calif., buys and sells gold, silver and rare coins to investors and customers. Accepting bitcoin as payment will create another revenue stream for Sunstock as it accommodates for strong demand in precious metals and mainstream use of cryptocurrency.
"Our corporate strategy has always been to monitor the global economy and take advantage of growth points. We anticipate gold and silver will continue to increase in value in 2021, and as bitcoin continues to gain popularity among consumers and businesses, our plan is to capture the synergy of the markets," stated Sunstock CEO Jason Chang. "Our goal is to accept at least two bitcoins per day, or 730 per year, which would increase our revenue to approximately $35 million annually."
Sunstock continues to build its inventory of gold, silver and rare coins, giving shareholders the opportunity to invest in the precious metals sector while avoiding the risks associated with actual mining operations. Broader expansion plans include growing revenues by selling wholesale to other retailers.
About Sunstock Inc.:
Sunstock Inc. (OTC: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a "ground to coin" strategy, whereby it uses its wholesale and retail channels to sell these precious metals primarily through its own branded coins. For more information
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