Solidion Technology (STI) announced an exciting Bitcoin corporate finance strategy! The US-listed battery materials supplier plans to use 60% of its excess cash to purchase Bitcoin and convert cash interest income in money market accounts into Bitcoin. 💰
CFO Vlad Prantsevich said they believe in Bitcoin's transformative potential and see it as a safe store of value and a compelling investment. With the approval of Bitcoin ETFs and increased institutional acceptance, they expect Bitcoin to be widely adopted as a reserve asset. 🌍
Solidion has made its first purchase and plans to continue to increase its holdings, looking forward to the long-term upside potential brought by Bitcoin! 🚀