PANews reported on December 1 that, according to PR Newswire, Nasdaq-listed Massimo announced that its board of directors has approved the inclusion of Bitcoin (BTC) in the company's long-term strategic reserve and has begun initial purchases. The company will subsequently disclose its holdings in its Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The company stated that it will invest no more than 10% of its total assets in BTC purchases over the next five years.