According to a press release, Australia-based Propanc Biopharma has secured up to $100 million to build a powerful crypto treasury to facilitate cancer treatment. This is the latest move by the pharmaceutical firm in its fight against cancer.
The firm is also in the process of trialing PRP, a proenzyme-based treatment targeting metastatic cancer from solid tumors. Human trials are set for the second half of 2026.
A Crypto Treasury to fight cancer
Biopharma has entered a deal with crypto-focused Hexstone Capital to accelerate its groundbreaking cancer therapy.Propanc revealed the private placement includes an initial $1 million and up to $99 million more over 12 months.
According to the firm, the funds will directly support the crypto treasury and fast-track PRP, a proenzyme-based treatment.
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In the press release, CEO James Nathanielsz called the crypto treasury a “transformative phase” that strengthens the company’s finances and expands its oncology platform. This is despite their investors not receiving the news well.
Hexstone Capital, known for backing crypto treasury strategies, has invested in Bitcoin ($105,085), Ether ($3,546), Solana ($164.52), Injective ($7.87), and emerging tokens. While Propanc hasn’t named its digital picks, the irswill likely mirror this diverse, high-growth approach.
The company joins a growing wave of biotechs like Sonnet BioTherapeutics and Sharps Technology using cryptocurrency treasury models to spark investor excitement and fund innovation. Propanc aims to stand out by combining cutting-edge science with smart digital finance.
Markets are not hyped though
Despite the firm’s vision however, markets reacted coolly.
PPCB shares dropped 10.5% on Nasdaq Monday and are down 46.7% in the past month. Some investors worry about volatility in crypto treasury strategies, especially as Bitcoin treasury giants like Strategy (down 43% since July) and Metaplanet (down 55%) face pressure.
Nevertheless, Propanc remains confident that a $100 million war chest and a clear mission, and of course a well-planned crypto treasury can power profits and hope.
