PANews reported on November 15 that according to PR Newswire, Solidion Technolog (stock code: STI), a US-listed battery material supplier, announced the implementation of a Bitcoin corporate financial strategy and plans to allocate its additional capital reserves to Bitcoin. The company said it plans to use 60% of the excess cash generated by operations to purchase Bitcoin, and will convert the interest income from cash held in money market accounts into Bitcoin. It also promised to raise funds in the future to acquire more Bitcoin, and it is expected to designate a certain proportion of funds for long-term Bitcoin acquisitions.
